Quote from: coinresearcher1 on January 19, 2018, 12:48:38 PM

I post my question again, some people like to overrule others questions with useless linking it seems:

Can anyone explain why VIB has fundamental value? You get paid out in VIB, but there is no need to hold it, you can just convert it straight to BTC. With atomic swaps coming up this will even go faster.

So even if VIB has enormous usage there is no point in holding it as far I can tell.
Is there any system which locks in VIB? For example , holding VIB in a wallet before you can contibute, so regular contributers have an incentive to hold at least a small amount.
Being a usage token, VIB needs incentives to be locked up otherwise its doomed to go to zero in the long run.
Also see this post: https://multicoin.capital/2017/12/08/understanding-token-velocity/
Glad to hear counter arguments.

Thx.

---------------------------------------------
Take your time and read about your invetments on www.viberate.io, here little help

viberate will do on viberate.com

- sale tickets for all live concerts - and get for this provisions
- sale of advertising space on website
- musicians will be paid via the platform
- access to premium contacts from the music industry - users will pay for this
- and also you will be able to purchase promotional products from music industry

for all this transaction you will use vib coins before that you will use atomic swaps from example BTC to VIB.

I know what VIB does, I want to know if VIB has fundamentals. Just using VIB to perform all the action doesnt mean it has value. Bying something with a token doesnt give a token value, its the thing you buy that has value. If VIB is just a medium of exhange on a platform it wont capture value. The VIB developpers need to take a real look at this or their token holders are headind for trouble in the long run. For example a dual token system where VIB is burned or/and minted. Burning VIB when entering data (this would be an incentive to hold,without VIB the platform wouldn't be able to function) and pay outs (coming from advertising) in ETH. Just non waterproof suggestions, but I hope to see decent answers from the team instead of usage examples.

Pashaas

Posts

Merits