The first NFT collection to pay crypto dividends

by James · July 19, 2022

The growth of the crypto space has seen the emergence of niches such as the NFT space. Although these non-fungible tokens (NFTs) had been around for a while, they only found popularity during the crypto bull of 2021 and have seen steady growth since then. With this growth, many new projects have appeared that have competed to make their mark on the industry. However, most of these have failed due to having little or no real-world use cases.

The need for real-world tools has pushed others to build better projects, and from this the Vibin’ Ape Society (VAS) has emerged. At first glance, VAS may look like any other NFT collection, but this unique project offers something that has never been seen in the crypto space.

Holding a Vibin’ Ape Society NFT is the same as holding shares in a real world company. It provides a shareholder position in the Vibed streaming app, an audio streaming platform that rewards users in crypto for streaming their favorite songs and podcasts.

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What is the Vibed Streaming App?

To put it simply, the Vibed streaming app is Spotify, only better. Instead of paying a subscription fee to stream songs on the platform, Vibed pays you for streaming. It does this by awarding points for every sound you stream, which can then be converted into $VBD crypto tokens.

The $VBD tokens are the native tool of the Vibed ecosystem. It offers a way to reward users and NFT holders for their continued support of the platform. Those who connect the wallet holding the Vibin’ Ape Society NFTs to the Vibed streaming platform are awarded more tokens per stream, and even greater rewards await holders of the rare Alphas.

How do the NFTs fit in?

In addition to getting more tokens per stream, VAS holders will receive dividends paid quarterly to the crypto wallets that hold their NFTs. These dividends are taken from the profits from the Vibed streaming app and divided according to the rank of the NFT held by a wallet. Snapshots of the wallets containing the NFTs will be taken two weeks before the dividend is distributed.

The dividend is paid out in the form of $VBD tokens, which can be exchanged for other cryptocurrencies on all major exchanges or sold for fiat. The dividend will be sent to the wallet addresses containing NFTs when the snapshot was taken.

Earn crypto with Vibin ‘Ape Society

$VBD crypto tokens will initially be sent to holders of Vibin’ Ape Society NFTs. This puts them at the forefront of a limited supply of tokens that will be available on small and large centralized and decentralized exchanges. After this, streaming songs and podcasts on the Vibed streaming platform will be the only way to earn $VBD.

50% of the royalties realized from VAS NFT trading will go towards a quarterly buyback and burn to reduce the number of $VBD tokens in the market. This ensures a deflationary model that helps the $VBD tokens retain a very high value.

Last but not least, the launch of the Ticket To Anywhere feature will ensure that Vibin’ Ape Society NFT holders are never short of events to attend. Both large and small music festivals, concerts and music/art shows all over the world will be open to holders. All they need to do is keep an NFT.

Vibin ‘Ape Society is truly a unique NFT project. Its real-world applications make it easy to be a stakeholder in Vibed without all the red tape that usually comes with owning shares. The project is set to take the crypto industry by storm and compete with the largest NFT collections in the space.