What is Vibe (VIBE)?
Future of VIBE Cryptocurrency and know how to buy VIBE

#1 - What is Vibe

Vibe is one of the younger class of cryptocurrencies with a volume is rivaled only by Tron (TRX) and Ripple (XRP). It is gaining investors because it is the first ever crypto-based virtual reality marketplace, which we’ll discuss down below.

Vibe: The Basics

  1. Vibe is a decentralised blockchain that serves as VIBEHub’s underlying currency. Vibe is based on the ERC20 Ethereum blockchain.
  2. The Vibe cryptocurrency is denoted by the symbol VIBE. Its total supply is 267 million VIBE.
  3. VibeICO was released from 5 September 2018 to 4 October 2017 & the token sale was conducted immediately after it. The coins have been pre-mined.
  4. Vibe is a utility token which uses Volumetric videos technology for “holoportation” to project holograms of people from all fields like music, art, education, sports, etc. . It was initially used as a gig-booking platform between musicians and event organizers.

Vibe Development

  1. Vbe was founded by Alessio Mack & Matthew Myers. The development team consists of 12 core members who are seasoned developers & marketing experts. It also has a quality assurance member, Renee Isaac.
  2. The team updates the platform irrespective of the price movements & market capitalization as the coins have been pre-mined.
  3. The platform has partnered with PlayStation (PS4), Microsoft HoloLens, Oculus and Samsung & captured their first volumetric performance in 2017.
  4. Vibe (VIBE) will also be hosting live VR performances by integrating their off-chain solution to microtransactions using the VIBE currency.
  5. VIBEHub will soon launch its AR (Augmented Reality) platform which users can access even without a VR or AR device, in a less immersive experience through modern browsers & increase participation.

 

#2 - Vibe Technology

  1. VibeHUB records & streams performances using volumetric video technology that captures a performer’s photorealistic hologram image in a live setting & streams performances far away. This streaming also allows for user interaction and creates a unique immersive VR experience for its users.
  2. Multi-sensors stereographic cameras are used for HoloPresence for the events/performances. They are projected by creating different hubs within the virtual world.
  3. VibeHUB also lets users enage in real-time voice communication with the performers. It creates its own custom VIBEHub VR environment to project performances & make the user feel as if the performance is actually happening in their personal space.
  4. The frontend is hosted in multiple geographic locations on AWS CloudFront. This automatically scales the number of users. NodeJS microservices that run on server-less environments such as. Containers, Lambda Functions (LAAS), etc. constitute the backend.
  5. A combination of Unity Engine, SteamVR SDK, Oculus SDK, Microsoft HoloLens SDK and Sony PSVR SDK technology helps in running and supporting the Vibe hardware.

Transactional Process

  1. Users can simply put on their VR headset, start the VIBEHub app, pay some VIBE tokens and view the desired event. Personal interaction with artists can be done by paying extra VIBE tokens with which both the user & the artist will occupy the same space.
  2. VibeHUB creates a form of Virtual busking where musicians can share their songs and receive feedback. This feature can be used even on VibeHUB’s browser version as to not leave anyone without access to the VIBEHub app.

Features

  • Monetization: All artists & performers can monetize their services on VibeHUB with the help of ‘volumetric video assets’ which can be applied by AR & VR data. It increases the reach of artists who can have only limited audience at the concert & thus, opens up avenues for fresh revenue stream.
  • Secure: VibeHub blockchain is regularly monitored for bugs & also updates the platform to protect against cyber attack. It also protects against piracy breach.
  • Connectivity:  Vibe has an active community of musicians which releases software to Oculus Rift, HTC Vive and PlayStation VR. The robust BR platform is leveraged by musicians on the hub to bring them legitimacy and widespread media coverage.
  1. It is a trusted blockchain as all transactions on Vibe’s platform comply with ERC-20, Vibe being based on Ethereum blockchain.

 

#3 - How to Buy and Store Vibe?

How to buy Vibe / How to buy VIBE

Users can virtually attend events like concerts and social activities such as education seminars and workshops, by paying in the VIBE currency. The coin is also used to buy digital assets and vote on the VibeHub. Since, it has been recently launched so it is available on 3 exchanges, viz. Binnace, EtherDelta & HitBTC.

  1. While cryptocurrency exchanges provide you with a platform to buy or sell the Vibe cryptocurrency, CoinSwitch, the largest cryptocurrency conversion platform, comes in to help you make the right decision by providing the prices for VIBE. This way you can choose the best deal for you!
  2. You can also buy, sell and trade over 300 cryptocurrencies for the VIBE crypto. It offers interchangeability and unified experience for all cryptocurrencies with a wide offering from all major exchanges.

Vibe Storage

Vibe can be stored in the Vibe wallet. It is an ERC-20 token so, multiple third party wallets that are compatible with ERC-20 can be used to store VIBE coins, like:

- MyEther Wallet

- Ledger Wallet

- Trezor

 

#4 - What is the future of Vibe?

Also Read: Complete Analysis of Vibe | Live Vibe (VIBE) Price Charts And Predictions

  1. As of June 2018, its market capitalisation stands at $14 million USD.

  2. With its increasing accessibility to masses & growing entertainment industry, Vibe may be ripe for a strong run in the markets. VIBE prices rose steadily in January to achieve an all time high of $ 2.7 in January 2018 as compared to just $0.02217 in September 2017.

Many analysts suggest it will eventually grow to $4.39 by 2021 & is being predicted to be a stable long-term investment.

Price History

Date

Open*

High

Low

Close**

Volume

Market Cap

Jul 01, 2018

0.258815

0.287664

0.254670

0.285564

682

1,904,910

Jun 01, 2018

0.153127

0.155879

0.148452

0.151318

244,458

30,612,200

Apr 01, 2018

0.167415

0.170394

0.148106

0.156004

391,420

33,468,500

Mar 01, 2018

0.383343

0.434257

0.379697

0.409289

3,116,350

76,633,600

 

#5 - How is Vibe different from other cryptocurrencies?

Vibe has multiple standout features making it unique from most other cryptocurrencies.

  1. VibeHUB users can virtually meet-and-greet distant people through holoportation It also lets them design a virtual reality marketplace/hub, through which other users can buy and sell experiences beyond the possibilities of traditional technology. This can position VIBE at the forefront of (VR) technology for the long-term.
  2. Participants can virtually attend a wide range of events like concerts, educational seminars and can even play games. It also offers a unique exposure opportunity to deliver services tailored to users’ specific tastes and requirements since VIBE users get access to a virtual marketplace.
  3. Musicians can earn VIBE instantly from every view that they get on the VibeHUB, unlike on YouTube where it is difficult to obtain returns from views due to the long processing periods.
  4. No transaction fee is charged like on classic platforms, so as to pay the platform operator.
  5. VibeHUB not only creates 3D real time holograms but also projects them in the user’s customized environment. It can even alter the size of the holograms. Given the plethora of features of VibeHUB, the coin has no competitors, which gives it a head start even in the crowded blockchain space.



#6 - Should you invest in Vibe / invest in Vibe?

  1. The growth of the virtual reality space should increase the demand for Vibe and simultaneously reduce the need for students or fans to leave their houses. It should also gain more traction from the growing virtual reality (VR) entertainment industry.
  2. The coin may be eyed by VR companies who want to solidify themselves as mainstay products, which should naturally create demand for VIBE tokens.
  3. With its visual ads rather than simple text ads, VIBE prices can increase as development team can command a high price for them if all goes well.
  4. With no touring or booking costs, the coin is set to replace physical concerts with virtual concerts which is why it has immense potential when it comes to their audience. This can push VIBE’s mass adoption.
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