What is Vibe Coin? Vibe Coin is a Blockchain project with several goals for gaming, entertainment, VR, NFT and dApps. In this article, you can find answers to frequently asked questions such as what is Vibe Coin, what it offers, what is VIBE, what is it for. As Kriptokoin.com, we have prepared it for you. Let’s examine the project together.
What is Vibe Coin?
Vibe Coin is one of the cryptocurrency and blockchain projects that emerged during the 2017 ICO boom. Its mission is basically similar to Decentraland and CEEK VR, which emerged in the same period. Accordingly, Vibe emerged as a game and entertainment-based project combining Blockchain and augmented reality (VR) technologies. The platform said it would allow users to attend live concerts and meet loved ones around the world through VR.
It also aimed to offer market services brought by the Ethereum Blockchain. But certain things apparently went wrong. Vibe Coin has rebranded itself as an NFT marketplace in recent years following the NFT craze. However, it still suffers from the effects of its initial launch as a VR technology.
What does the project offer?
Vibe Coin launched an FPS game called Vibe or Die in 2019. The game did not use VR technology and was not fully developed by the project. This is a game where you can earn and lose tokens depending on your kills in the game. Also, it came out for computers, not VR glasses, and was completely free to play. In other words, Vibe did not offer many of its promised Blockchain and VR goals to its users.
In fact, Vibe Coin is similar to most cryptocurrency projects that failed to deliver on their initial promises. After the game, the team rebuilt their vision and returned to the NFTs. In fact, the NFT market was very popular at that time. Therefore, the team seems to have seen NFTs as the new target, which has become an easier and more profitable market. VibeHub has plans for an NFT marketplace and an NFT auction house. It also has a sidechain that supports atomic swaps and multi-chain transactions.
What is VIBE? What does it do?
VIBE is the native cryptocurrency of the Vibe Coin project. This ERC-20-based cryptocurrency is used in many features and products offered by Vibe. For example, you can win and lose VIBEs in the FPS game of the project. This is determined by your success in the game and defeating your opponents. To buy NFT assets, you also need to pay with VIBE at auction or on the market.
However, to develop NFT and dApp within VibeNet, you need to run smart contracts. You do this with VIBE. Finally, VIBE holders can earn passive income by sponsoring game nodes. According to the platform’s website, you get 50% of all transaction fees paid on the sponsored node.
What is Vibe Coin? How to get VIBE?
Even Binance listed the token when Vibe Coin launched and exploded in 2017. However, over time, the project was delisted from most exchanges. Currently, there is only one exchange where you can access VIBE. This exchange: HitBTC. If you want to buy VIBE, you must first become a member of HitBTC and verify your account. You can then buy the token by depositing an asset in your wallet according to VIBE parities.
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