Introduction
How great would it be if you were rewarded each and every time you play a song or stream on Spotify, YouTube or iTunes for instance? All your time, money and data spent during streaming would eventually be payed back to you.
Current is a blockchain enabled streaming platform which brings all the well-known media networks which rewards users with a token which can be used for purchasing a wide range of products and services on the platform, for instance in-platform advertising.
On Current consumer media is easier and more rewarding than ever. Current rewards it’s users through CRNC (pronounced- currency). CRNC is a new digital token designed for the media industry. You can earn even more to currency tokens playing your favourite music, video and podcasts more often. Every time a token gets paid, everybody in the community gets a piece of it. Be it the consumer, creator, curator and referrer. Currency tokens can be spent in the system in two major ways. Consumers are also provided with the opportunity to save money on their Current media subscriptions. Creators and advertisers can buy ads on the Current platform. You can find out more information about the current platform on their official website or else you can join their Telegram chat group.
Keep in mind that Current’s token sale is totally different from other media based token launches since Current is not just an idea waiting for an opportunity to bear fruit. Current has already been doing business for quite some time. About 300 million songs and more than 1 billion videos sum up Current’s huge database of media files. Not only have that, about 200,000 people used Current to enjoy streaming and listening to music.
Analysis
Some key words to take note……
· Consumer — obviously the consumer is the person who plays the songs and videos and pays for the subscriptions.
· Curator- in contrast to the creator the curator is the person who organizes the playlist. The curator is not a single person, it can be a group or an individual person who brings all the media files from external sources produced by various creators.
· Referrer- obviously you can be a referee by sending the referral links and bringing people into the platform. If you become a referee, you will be in charge of fetching the consumers to the platform, where as you will be rewarded for each customer you bring to the platform. You will be rewarded up to 5 CRNC tokens for every associate you invite to the platform. 400 CRNC tokens are valued at $100 at the present moment.
· Pool — as a crypto fanatic you must be knowing by now about pools, the pool ensures that the token supply is continuous and ensures liquidity in the platform.
In the present moment, Current is exclusively depending on content extracted from networks like YouTube, Soundcloud, Spotify and the Internet Radio which are mostly third-party networks. The use of media files from third-party networks makes sure that there is a satisfactory supply of media which will help to massively increase the growth of the platform. It will also help meet the demand from users. As I have said you before, Current’s huge database consists of more than 1 billion videos and about 300 million music files which some 200,000 people listen and interact with. It has been surveyed that an average user spends about 18 minutes streaming per each session of video. The current platform had no any in built incentives but it recoded an outstanding engagement during its 30 days of the launch which is 35%. All the orthodox media platforms such as YouTube and Spotify are limited to specific content broadcasted on their platforms but Current on the other hand can access multiple sources of information through a special set of rules called API which controls the way how software on the current platform works.
Current’s concept of consolidating famous media platforms into one spot works really well. By combining the most popular media networks into one residence. Current has already made it much easier and convenient for users to stream because all the songs and videos available in different platforms can now be found on one convenient and easy to use network called Current. With the all new launch of the platform you can earn rewards for just streaming on SoundCloud, YouTube, Spotify, and more… Unlike YouTube which uses keywords and subscription, Current makes use of behavioral data entries related to the times, types, genres and topics played by each user over several different media networks and analyze each of them separately to come up with better recommendations for each user.
The use of blockchain technology means that it allows the system to be more transparent than ever. This makes sure that consumers are provided with more choices on terms of how they pay for their media usage. Creators and Curators also get a new form of benefit with more referral and revenue coming to them. Specifically advertisers will be able to see the bigger picture due to the transparency of the network. Advertisers can now decide with some confidence where and when to advertise…
Token Launch
As I have said you before, Current is not merely an idea waiting to bear fruit. The major determination of the token launch is to efficiently jumpstart the token market and to further develop the infrastructure and technology, furthermore to Bonuses will be given to all the early birds who invests in Current’s vision.
CRNC (pronounced- currency) is the native token of the current platform. CRNC is an ERC20 token built on the Ethereum blockchain. With outstanding improvements, the Ethereum blockchain has literally become the backbone of the cryptocurrency industry standard for issuing bespoke digital tokens and smart contracts.
All the existing features of the Ethereum network, for instance wallets, DEV tools, smart contracts are now available with the ERC20 token interface which allows for the distribution of a custom standard token. Not to mention that limitations do exist in transaction speed for example. Yet networks such as Raiden addresses these bottlenecks, of course for a fee.
Talking about the token sale, the Public Presale will be from February 7, 2018 to February 21, 2018. There is a Total Supply of 1,000,000,000 CRNC tokens. The Main Sale will be from March 14, 2018 to April 4, 2018. You can transfer ETH, BTC or NEO to the public address which will be announced soon, to purchase CRNC tokens. You must at least transfer 0.03 ETH in order to purchase CRNC tokens.
Advisors & Investors
Core Team & Contributors
Website: https://tokensale.current.us
Whitepaper: https://cdn.current.us/whitepaper.pdf
ANN : https://bitcointalk.org/index.php?topic=2829644.0
TELEGRAM : https://t.me/CurrentCRNC
My bitcointalk account https://bitcointalk.org/index.php?action=profile;u=1250987