VIBELAND FAQ
What is VIBELAND Digital?
One VIBELAND Digital (VBLD) is a unit of digital currency, like a bitcoin
VIBELAND Digital (VBLD) is the fundamental unit of account on the VIBELAND blockchain. VBLD is liquid currency, and therefore can be bought or sold on exchanges, as well as transferred to other users as a form of payment.
Does VIBELAND Digital (VBLD) have value?
YES!
VIBELAND Digital (VBLD) have value which is decided on consensus within the VIBELAND community. Users are rewarded for their participation and innovation. VBLD can be held as an asset or used as a currency within transactions in the network.
What is VBLD?
VBLD is an abbreviation used to identify publicly traded tokens
VIBELAND Digital, or VBLD, is the transactional asset of our decentralized system built utilizing tokenized economics.
Where does VBLD come from?
In 2018, VIBELAND launched 10 billion VIBELAND Digital (VBLD)
VIBELAND Digital (VBLD) are issued in accordance to Stellar Consensus Protocol as outlined in our white paper. New VBLD entering the circulating supply are distributed by the mechanisms described in the white paper.
Where can I use VBLD?
VBLD is immediately exchangeable with other cryptocurrencies, tokens & USD
VIBELAND is written utilizing Stellar's blockchain protocol, called Stellar Consensus Protocol. VIBELAND is written to be interchangeable with any assets on their decentralized exchange. This allows a global market to take place, making it easy for someone in another country to be compensated along with the ability to use VBLD to purchase an item online.
What is cryptocurrency?
There are 3 types: Security Token, Utility Token, and Equility Token
A cryptocurrency is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions. It is established upon blockchain technology and decentralized consensus mechanism. It has inherited blockchain features such as public and tamper-proof. Common cryptocurrencies include: Bitcoin, Ethereum and MITH. Of which Ethereum and MITH are categorized as utility coins.
What are the benefits of cryptocurrency?
Centralized financial institutions are no longer required for processing transactions
Cryptocurrency is built on a decentralized platform backed by blockchain technology. This drastically decreases the cost and error rate caused by transactions, reward processing time, and manual management. Blockchain technology establishes transparency and fairness of a transaction that is recorded on an immutable public ledger.
When is the Initial Coin Offering (ICO) of VBLD?
VBLD ICO start date is planned to start on November 1, 2019
VBLD is undergoing a public sale of tokens that will consist of five rounds, beginning November 1, 2019.
Round 1: November 1, 2019 to November 30, 2019
Round 2: December 1, 2019 to December 31, 2019
Round 3: January 1, 2020 to January 31, 2020
Round 4: February 1, 2020 to February 29, 2020
Round 5: March 1, 2020 to March 31, 2020