Traditional investments like stocks or real estate only offer monetary returns, that too when the market is favorable. And the last few years have seen several ups and downs, which acted as a deterrent against investments. In the same period, NFTs witnessed a tremendous rise in popularity globally. New projects were launched daily, each offering unique features and employing protocols never used before. Though, none seemed to offer rewards for participation or focus on community building.
The crypto space is not about selling assets to potential investors but about forming long-term associations and building a community that takes things forward. The projects focussing on this aspect have managed to sustain in the long run, even when the market crumbled down in recent months. So, investors should consider these aspects before investing in an NFT collection, other than the fact that it should be unique and rare.
And when we talk of uniqueness, a new NFT collection, Vibin’ Ape Society, is all set for release. The team behind Vibin’ Ape Society intends to revolutionize the crypto space by offering rewards simply for holding the NFTs, in addition to a bunch of real-life utilities. Besides, users can earn $VBD, the native token on the ecosystem, by streaming music on the Vibed app. And the collection was developed after thorough research and considering the market standards.
How do I earn rewards by streaming music on the Vibed app?
Vibed is the ecosystem’s music streaming app. And for streaming each song, users will receive points that can be converted into $VBD tokens. Remember, this will be the only way to earn tokens once the Vibed app is released.
After converting the earned points into $VBD tokens, users can then trade these on exchanges for other cryptocurrencies or convert them into fiat currency. The native token will be launched on several centralized and decentralized exchanges to enhance accessibility. Also, those who have minted the Vibin’ Ape Society NFT and linked their wallets to the Vibed app receive additional rewards.
What are the quarterly rewards?
Besides the one for streaming music, there are also quarterly rewards, in the form of $VBD tokens, for holding the NFT. Anyone who owns a Vibin’ Ape Society NFT automatically qualifies to receive a share of the profit made by the project in that quarter. These depend on the rank of the NFTs held in the linked wallet. Snapshots of the investor’s wallet are captured two weeks before the distribution of dividends to identify the number of NFTs held and their rank, and assess the amount to be disbursed. In addition to that, NFT holders will also receive airdrops for the $VBD tokens. It would happen in the initial stages of the project.
Besides, anyone holding the NFT will also receive invites for exclusive events across the globe. It includes music festivals, concerts, and art shows. These invites are a way the Vibin’ Ape Society expresses its gratitude to the community for their support.
What’s so good about the $VBD token?
To ensure the sustainability and long-term viability of the $VBD token, the Vibin’ Ape Society will employ the deflationary protocol. Here, 50% of the revenue generated through trading the project’s NFT will be used to buy back the $VBD tokens. And the bought tokens will be burned immediately, removing them from circulation. It will result in lower availability of the tokens, thus increasing the demand and subsequently the value of individual tokens.
In all, Vibin’ Ape Society NFTs are an emerging collection in a massive market, and from the looks of it, they are headed in the right direction.
To find out more about the Vibin’ Ape Society, visit:
Website | Twitter | Discord | Medium
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