CURRENT
Development and progress of Technology is increasing rapidly in the modern era, you could say that the people of the world are now pampered by technology. The terms of technology are widely known, and everyone has their own way of understanding the concept of technology.
One of the information technology products that is growing rapidly is the internet. The internet helps many people because the Internet is a source of information around the world. We use the internet in our daily life, and many of us would be lost without it. Most communication media include Ponsel (smartphone), Television, etc using the internet.
Technology allows peoples around of the world to be connected – To be as one. You can’t deny that Technology is important in our every-day-lives and our work.
One of the newest form of technology is called Blockchain Technology – Blockchain Technology offers great potential and is ideal for many markets as it enables transparency and trust. Blockchain technology allows for a new system of transparent accounting that is needed for the instant valuation of time, data, and attention-based systems.
.Get paid to stream from networks like Spotify, YouTube, SoundCloud, and more in an all-in-one personalized experience with ” CURRENT ” An Incentivized, Blockchain Enabled Multimedia Ecosystem
CURRENT is creating a digital token that uniquely rewards a person’s time, money spent, and data shared during the media streaming experience. and Also CURRENT is a token can be used to purchase a broad range of products, services, and in-platform advertising.
♦ Introduction
The Developers will do some phase to leverage in their applications, as follows:
>Traction : A Universal Media Platform
During this phase, Current is solely sourcing content from third-party networks like YouTube, Spotify, Soundcloud, Internet Radio ,etc. With over 300 million songs and over 1 billion videos, over 200,000 people have used Current to listen, watch, and interact with media. The average user spends over 18 minutes per session and our Day 30 retention as of Q4 2017 is over 35% without any incentives built into the platform, well above industry standards at this stage.
>Scale: A Universal Media Protocol and Token
The second phase is focused on building a protocol and a utility token that democratizes the value created in the media consumption cycle; shifting benefits from advertisers and intermediaries to people who are playing, creating, and curating media. The protocol records transactions on the blockchain that attest a user’s contribution to the network (by consumption, or by curation and creation) and a smart contract distributes CRNC tokens in response to that contribution. In order to handle the scalability bottlenecks, while maintaining trust within transactions, we will consider “state channels”.
The Future Of The Current Ecosystem
- A Superior Identity Profile For Blockchain Based Applications
- Decentralized Storage Infrastructure Alongside Centralized Networks
- Ethereum Blockchain Scalability via State Channels For The Media Industry
A New Way to Play Media
A Utility Token for the Media Industry
>Purpose of the Protocol
The primary objective of the protocol is to evolve based on market adoption, and therefore will be rolled out incrementally. The initial function of the protocol is to reward participants of the consumption cycle in three steps:
(1) verify the initializer;
(2) calculate the value of the action to the network,
(3) calculate the appropriate token reward to distribute to the contributors
>Sub Tokens and Network Tokens (CRNC)
>Ethereum Based
Tokens will be implemented on the public Ethereum blockchain as an ERC20 token.
Token and Protocol Dynamics
Stakeholder List :
- Consumer
- Curator
- Creator
- Referrer
- Growth Pool
Block Reward Calculation
.
Contribution Coefficient (H)
Total Token Reward
Participant Token Reward
Token Launch
Symbol : CRNC
Role : A utility token used to purchase goods, premium services, and ad inventory within the Current platfrom
Total Suppy : 1,000,000,000 CRNC
Accepted Payments : ETH, BTC, NEO
Public Presale Period : February 7, 2018 (12:00AM CT) – February 21, 2018 (11:59PM CT)
Main Sale Period : March 14, 2018 (12:00AM CT) – April 4, 2018 (11:59PM CT
Claim Your Wallet Campaign : March 21, 2018 (12:00AM CT)
Sale Amount : 350,000,000 CRNC , Exchange Rate : est. $0.24 <> 1 CRNC , Minimum Transaction : 0.03 ETH, Soft Cap : $5,000,000 ,Hard Cap : $36,000,000 Token,
Smart contracts will distribute tokens within one month of the token sale. Token giveaways will be used as a marketing and growth tactic. “Claim Your Wallet” will launch March 21st, 2018 to transition our existing user base into the Blockchain ecosystem and create awareness.
The Next Generation Of Media Streaming
A Platform
Current consolidates the best content and features from the most popular media networks into an all-in-one, personalized experience.
A Protocol
The protocol rewards people for their time streaming, ad impressions and personal data shared. Launching initially on the Current platform, the protocol will open for developers and third-party providers to utilize.
A Token
The Current utility token, CRNC (pronounced “currency”), reduces or eliminate premium subscription costs and facilitates ad purchases.
I Want To Participate!
I Don’t Have Cryptocurrency
Anyone who has the Current App during the token sale period will be rewarded with a small amount of CRNC in their own personal Wallet.
I Already Own ETH or BTC
Participate in our token sale by contributing ETH or BTC and get CRNC tokens in return.
I’m Interested In The Presale.
Apply to learn more about purchasing CRNC during the presale.
ROADMAP
TEAM
- Website: https://tokensale.current.us/
- Telegram: https://t.me/CurrentCRNC
- Whitepaper: https://cdn.current.us/whitepaper.pdf
- Bitcointalk ANN: https://bitcointalk.org/index.php?topic=2829644.0
- Bitcointalk Bounty: https://bitcointalk.org/index.php?topic=2831598.0