Have you ever heard about the GPT (Get Paid To) programs? GPT websites are very popular in countries like US and UK where you will get paid for completing surveys, offers, watching videos etc. Most people who want to work from home or earn additional income will be interested to visit this kind of websites and complete the tasks. Usually, the videos will be promoting a product or service. Even if people are not interested in those products/services, they will watch the videos for earning money.
Now, let’s imagine this scenario. How will you feel if someone pays for watching your favorite movie on YouTube? Sounds exciting? That’s the goal of the blockchain based platform named Current.
Do you own an iPhone? Then, you might have seen or heard about the Current app as it was released for iOS in 2017. What is Current? How will you get paid for watching media? Current is an incentivized multimedia ecosystem that aims to bring all type of media like music, videos, podcasts, audiobooks etc. under one roof. It is not building a new media library of its own. Instead, the Current platform offers customization for every user by listing the popular content from the top media networks like YouTube, Spotify, TuneIn, SoundCloud, etc. Besides the top media networks, you can also access content from various services through APIs (Application Programming Interface). In a nutshell, Current aims to make the media content decentralized. How? Let me explain with an example.
Let’s assume that you want to watch a paid video on YouTube. But, you think that the fee for watching that video is high. The Current platform provides you the option of watching the same content using another source with lower fees. So, the users need not depend on one centralized source and pay high fees for watching their favorite content. If the content becomes decentralized, then the cost will be automatically reduced. Also, there is no need for the users to manage 5 to 10 apps for streaming their favorite content as the goal is achieved by using the single app Current. Check out https://cdn.current.us/whitepaper.pdf to learn more interesting information about the Current platform.
The Current platform not only offers incentives for the consumers who are streaming media but also to the creators, curators, referrers, etc. For incentivizing the participants of the platform, a special utility token named CRNC token will be created. These tokens will also be used as the main payment mode within the platform. How does the incentive system work? Whenever a user plays media using the Current platform, a token will be mined automatically. This token will be split among the consumer, creator, curator and referrer. Consumers will get 55% of the mined tokens whereas creators and curators will get 20% each. Referrer will get 3% of the tokens. What is the use of CRNC tokens? It can be used to subscribe to the various media services. It can also be donated to other members of the platform or traded in an outside exchange.
Please check the Website, Bounty Thread. ANN Thread and join the Telegram group to understand the benefits of CRNC tokens.