Despite the attempts of financial regulators to slow it down in China and beyond, it seems that the ICO funding trend is still going strong. Viberate, a decentralized marketplace platform for the live music industry, has completed its Vibe token crowdsale in a record time of 4 minutes and 42 seconds. The Slovenia-based team has reached its goal, raising more than 10 million dollars by selling 120 million Vibes.
“We now have another validation that we are on the right track. However, this is still just another milestone achieved. There is a lot of work ahead of us, but – as promised – we will keep on delivering,” said CEO Matej Gregorčič.
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Tokens will be delivered to contributors immediately and become available after the official end of the ICO on October 5. The following day, Vibes will start trading – the first exchange to list the token is LiveCoin.net, Gregorčič announced. “This way all latecomers will get the opportunity to buy the tokens,” he added.
“People have seen that Viberate already has value and a Viberate community covering our backs. That is probably refreshing to see in the ICO world,” Gregorčič explained.
The crowdsale was launched from the company’s offices with a special set from world famous DJ Umek who is also a co-founder and a celebrity ambassador. The performance was also attended by high profile advisors Dejan Roljić, CEO and co-founder of ABC accelerator, and Mark Pleško, CEO and co-founder of Cosylab.