What Is Ibiza Token (IBZ ) ?
Ibiza Token (IBZ ) ERC-20 governance token running on Ethereum and Polygon Network created for the island of Ibiza. $IBZ is a utility token recognized by the Spanish National Securities Market Commission (CNMV) that allows access to discounts & promotions across the NFT marketplace and local partners network. Furthermore, $IBZ holders have the opportunity to decide upon the future of the project by making and voting new feature proposals.
Ibiza Token (IBZ ) Coin Storage Key Points
|Coin Name||Ibiza Token|
|Circulating Supply||109,430,115.00 IBZ|
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
|Twitter Page||Click Here To Visit Twitter Group|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
Connecting Ibiza’s content creators and local businesses to a global audience
Ibiza Token (IBZ )are a community-centered platform aimed to promote the excellence of the local businesses, support the artistic/cultural scene, fulfill the expectations of the tourists oriented to discover the most authentic spirit of the island.
How Does it Work?
- Join the first Ibiza’s NFT marketplace featuring local renowned /breakthrough artists and brands.
- Buy, sell or exchange NFTs in marketplace (paying in FIAT or crypto).
- Access promotions, exclusive content, and event from local brands through your NFTs.
Problems and Solutions
Ibiza Token (IBZ ) Over the past few years, the relevant increase of first-time and habitual tourists in Ibiza created a system aimed at a short-term economic benefit to the detriment of a more sustainable and long-term model pivoted in the cultural heritage, folklore, nature, and the true essence of the island. In addition, the local economic scenario stands out for the lack of growth of a large part of local companies, especially the smallest ones, due to the ongoing adoption of not digital-oriented business models which generates a huge loss of competitiveness.
Ibiza Token (IBZ ) On the other hand, the absence of proper investments to develop new technology companies and the lack of cutting-edge ideas for promoting local artists and the island’s cultural heritage, express a global vision not very focused on the future and the enhancement of the local excellence
Functionalities of the Ibiza Token Dapp
Ibiza Token (IBZ ) Token holders can access IbizaPay, an application available on iOS and Android that allows making payments and transactions through a personal wallet (Wallet) and a new prepaid card that can be easily integrated with other payment applications such as Apple Pay and Google Pay
Ibiza Token (IBZ )Token holders can book their stay in Ibiza by joining promotions and special deals across a handpicked selection of tourism establishments on the island. In addition, Ibiza Token holders can redeem holiday vouchers in any existing or future booking, and join a loyalty program that allows getting rewards that can be spent across the local tourism establishment of the Ibiza Token network.
Ibiza Token (IBZ )Token holders can access exclusive collections of art and music created by DJs, musicians, artists, and brands from and inspired by Ibiza. Furthermore, purchasing on the first NFT Marketplace dedícate to Ibiza, it‘s possible to support an independent local network of artists and access a series of private events aimed at promoting a new culture driven by the connection between creativity and technology
Overview of Objectives
Ibiza Token (IBZ )Token aims to directly connect the local economy with a wider audience in order to develop a new digital economic ecosystem based on absence of intermediaries, efficiency, and security. In addition, Ibiza Token pursues to make the value of Ibiza available to different kinds of tourists, residents, and local companies with sustainable business models (balanced and long-term oriented).
Ibiza Token (IBZ )Token is an ERC-20 governance token on the Ethereum Mainnet, created expressly for and dedicated to the island of Ibiza. Considering both the local ethos and the international appeal of the island, Ibiza Token aims to enhance local excellence, improve the competitiveness of Ibiza companies, develop tourism experiences that fulfill the expectations of a wide range of visitors, in order to make Ibiza a suitable place for everyone.
System used to issue Ibiza Token
Ibiza Token (IBZ ) For the launch of Token Ibiza, it has been chosen Copper’s platform featuring a Fair Launch Auction (FLA) developed in the Balancer’s Liquidity Bootstrapping Pool. This option is the one that best suits the idea of fair distribution of the initial tokens as it allows the participation of anyone and offers numerous advantages, by guaranteeing equal competition between humans and bots and providing an even price discovery process that minimizes volatility and discourages front-running.
Ibiza Token (IBZ ) 5% of the total supply of $ IBZ has been allocated for the initial launch. Although the remainder of the $ IBZ distribution is under a lockdown period, only the $ IBZ tokens of the initial launch will circulate on the market. It is up to the community to decide the fair price of $ IBZ.
Making an initial price discovery to help setting up native liquidity pool on Uniswap.
Publicly distributing part of the supply to the $ IBZ community (through LBP)