Who knew playing music and watching videos could get rewarding.
Current is an Incentivized, Blockchain Enabled Multimedia Ecosystem. It is an all-in-one personalized experience that rewards users for streaming from the networks they love, like Spotify, YouTube, SoundCloud and more. Users require no prior knowledge of blockchain technology, no cryptocurrency holdings, and no change in behavior as they are rewarded by consuming the networks they already use.
Token system:
With integrating blockchain to traditional API they are able to enable vast growth in the network. Current will stake a portion of CRNC for each newly issued platform, Current will be integrating with the Bancor Protocol in order to provide liquidity. The amount of tokens earned by the user is reliant on their contribution coefficient and the number of referrals they've made successfully. Limit the total supply of tokens to 1,000,000,000 (1 Billion) tokens.
Problems:
Even though the multimedia industry is billions of dollars it also has its limitations.
Consumers are limited by the geography, their service provider as well as high subscription charges. The creators are limited by not being paid enough due to Industry Intermediaries, network pricing and not being accessed by audience worldwide.
Solution:
Current is solving this problem by paying creators more & cutting consumer costs through a blockchain enabled multimedia platform. As a result, the consumer has access to centralized content from worldwide at lower costs and, the creator is also benefiting from more audience and payment due to direct distribution.
Benefits:
The benefits are there for every party involved be it consumer, creator, partner network and curator. Current employ a press-friendly & influencer-friendly value proposition of “getting paid to consume media” amidst a growing global interest in cryptocurrency.
Business model:
The Current Media Platform launched the first stage of its product to the Apple App Store in Q2 2017– current has based its business around – subscription model, advertising Banner & video ads are display and token sales.
Advantages:
Current has edge over the usual media platforms like Spotify, youtube etc, as by having features like Worldwide Availability, Free Offline Access, Audiobooks & Podcast, Robust Video Library, AM/FM & Internet Radio all at one place.
Team overview:
Current has the right mix of Experts in blockchain; media & capital markets, they have generated tens of millions of app downloads & tens of millions in revenue including two successful exits. Cofounders Dan Novaes, Kiran Panesar, and Nick McEvily have a strong team working in Current.
Roadmap:
Current has already provided more than 200,000 users with a more convenient search and discovery experience. Consumers get more choice in how they pay for media, Creators and Curators get a new form of compensation, and Advertisers get more transparent accounting and audience information.
The platform has already launched in 2017, and in upcoming Q2and Q3 of 2018, they are planning to start accepting CRNC for premium services and make it also available on Android.
TOKEN SALE:
• Ticker: CRNC
• Token type: ERC20
• ICO Token Price: 1 CRNC = 0.24 USD
• Fundraising Goal: 36,000,000 USD
• Total Tokens: 1,000,000,000
• Available for Token Sale: 35%
Hard cap ¬-$36,000,000
Addition details: https://current.us/
https://twitter.com/Current_CRNC
Whitepaper- https://cdn.current.us/whitepaper.pdf