Current is an incentivized blockchain based multimedia ecosystem that gives users more control over how they stream and pay for their favourite media.
Current is creating a digital utility token (CRNC) and protocol that as a means of exchange for digital media. The platform offers a personalized experience and rewards for its users for streaming services like Spotify, YouTube, SoundCloud and more. Users interact with the Current platform through a mobile and web application, and require no existing knowledge of blockchain technology or crypto holdings to get started. Users are simply rewarded by consuming the networks they already use.
Current has an established userbase of 200,000 users (and growing) with a convenient search and discovery experience. To attract additional users to its platform, Current is employing what it calls “behavioural data points” to pinpoint the types, times, and topics played by each user across its supported networks to display media recommendations. These media recommendations are then designed to increase user engagement and foster adoption of the Current media platform.
The protocol helps users, advertisers and content creators throughout the media consumption cycle. Consumers are given extra choices for how they pay for media, while creators and advertisers can receive a new stream of review and transparent accounting and audience data.
The Current CRNC token
The Current CRNC utility token will be used to reduce the cost of subscribing to premium content providers. This will let consumers pay less money for the services they want and connect with on a regular basis. In future, the token will also be used to pay for a broad list of products and services, as well as on-platform advertising.
The protocol interacts within the Current platform in addition to any other host media network. It is designed to incentivize consumers to play media and rewards them based on their consumption time, data shared, and contributions within the ecosystem.
The tokens will be based on the Ethereum blockchain as an ERC20 token, which allows the token interface to work with the existing infrastructure of the Ethereum network. This means that the tokens will be fully compatible with Ethereum wallets, development tools, and exchanges.
Token Launch Information
- Total Supply: 1,000,000,000 CRNC
- Accepted Payments: ETH, BTC, NEO
- Public Presale Period: February 7, 2018 to February 21, 2018
- Main Sale Period: March 14, 2018 to April 4, 2018
- Claim your wallet campaign: March 21, 2018
- Sale Amount: 350,000,000 CRNC
- Minimum Transaction: 0.03 ETH
- Soft Cap: $5,000,000
- Hard Cap: $36,000,000
Token Sale Supply Allocation
The funds from the token sale will be used in the following ways:
35% Mining Rewards
Provides growth to the platform and algorithm advancement, more data for the platform, as well as the distribution and maintenance, and more.
35% Token Sale
Additional funding research, engineering and platform development, marketing and business development, partnerships and admin costs.
17% Team & Advisors
Money will be used to pay for advisors and early investors. Money spent for additional media, growth, blockchain technology and more. Advisors help to keep the platform secure and decentralized, as well as helping the founders bridge the gap between their expertise and the marketplace.
10% Community Growth & Strategic Partners
Supports the community with growth platforms like the claim your wallet campaign that helps to introduce new users to the platform as well as its team of strategic partners. The strategic partners include corporate sponsorship, co-branding initiatives and others
3% Current Foundation
For long-term governance of the network, including the transition to a fully open-sourced and decentralized platform and academic grants. The platform intends to roll out these changes to its infrastructure over the next few years of is development cycle.
- Dan Novaes – CEO
- Kiran Panesar – Co-Founder, CTO
- Nick McEvily – Co-Founder, CPO
- Josh Moyer – Business & Marketing Manager
- Seamus Doheny – Curation Designer
- Steven Lee – Engineer
- Evengy Yurtaev – Engineer
- Alexey Bashlykov – Blockchain Engineer
- William Ryan – Behavioural Economist
- Brian Ng – Economics & Mathematics