What Is VIBE (VIBE)?
VIBEHub is a technology platform that creates virtual reality hubs and marketplaces to give the users the experience of trading far beyond the possibilities of traditional technology. According to the whitepaper of VIBEHub, VR technology seeks to be the new sensation of today’s trend. VibeHub aims to capture visual performances in Volumetric Video (Holoportation Technology), which elevates it above traditional VR applications. Moreover, the platform aims to use the holograms of artists’ educators and place them on its custom VR environment and ensures that VibeHub is at the forefront of VR technology in the future years.
All transactions on these hubs use the VIBE token. VIBE token is a fully decentralized ERC-20 token with a fixed supply. VIBE is used to purchase digital services and goods in the ecosystem. Vibe ecosystem creates NFTs and new standards for gaming on the blockchain. VIBE NFTs are digital collectibles that range from game assets to photorealistic 3D models.
Vibe ecosystem is driven by the VIBE token and is built for developers and users on layer two solution VibeNet. This ecosystem is home to many DApps like the crypto FPS game VIBE OR DIE. In this game, users play against each other worldwide and win/lose crypto for every kill/death made during the gameplay.
VibeNet is a layer two solution that offers instant atomic transactions with No Gas Fees. Layer-2 solutions scale an application by processing transactions off of the Ethereum mainnet (layer 1). The transaction fee the users pay on the blockchain network for having their transactions involved in the block is a gas fee.
VibeNet aims to be built for speed, security, and transparency. It aims to be scalable across any blockchain and supports VIBE, ETH, LINK, and NEO. Any digital assets integrated on VibeNet can be stored on VIBENet Virtual Wallet.
Users can earn passive income in the VIBE ecosystem by sponsoring game nodes. Fifty percent of the transaction fees can be generated on the node while sponsoring a game node. VIBE NFT ownership gives the right to promote/reduce the Collateral Commission and the Collateral Distribution Pool percentages per quarter. These NFT owners have equal voting rights, and voting happens once per quarter.
History of VIBE (VIBE)
The maximum total supply of VIBE is 267,000,000 VIBE coins that have been pre-mined. The ICO funds raised in the sale are going to be used for:
● VIBEHub development - 50% of the funds
● Marketing and advertising - 30% of the funds
● Collaboration and endorsements - 20% of the funds
