Current is an incentivized, blockchain-enabled streaming ecosystem that lets you choose how to stream and pay for your media. Designed to evolve over time, the Current ecosystem is being built in a hybrid fashion, with both on-chain and off-chain solutions to accommodate shifting market dynamics in the blockchain, media and crypto industries. In the short-term, the proprietary algorithm will create personalized content recommendations across networks in a universal media platform. The Current protocol and token will introduce new revenue streams and incentive mechanisms that will initially be launched within the Current platform and later be made available for developers to leverage in their applications.
The Current platform provides a more convenient and thorough media search and discovery process by consolidating disparate content sources into one place. Aside from reducing the number of apps needed to play music, video, podcasts etc., the platform has more data points available about the media types, times, and subject matter that a person experiences and can generate recommendations better than any single network alone. Current is available with 8 integrations and intends on integrating more services that host podcasts, audio books, television shows, and movies.
Current’s blockchain attribution protocol accurately and transparently compensates contributions to the recommendation algorithm and overall growth of the Current ecosystem. A token is “mined” when a user plays media within the platform. Each token that is mined is split amongst the creator, curator, consumer and potential referrer. 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.
CRNC Token
The Current utility token, CRNC (pronounced “currency”), reduces or eliminate premium subscription costs and facilitates ad purchases. CRNC is a media network token. Earning CRNC is simple; stream your favorite content through the Current Platform. CRNC can be used immediately to reduce or eliminate the cost of premium subscriptions to popular content providers. With current you can access your favorite content. Current is a platform with a nearly limitless content library that satisfies the demand for popular music, video, film, audio books, podcasts, etc. Current automatically creates a CRNC wallet for every user. In many cases, Current will be the first digital wallet the mainstream public will own.
Reducing Barriers to Ownership
One of the strongest attributes of CRNC is its accessibility and immediate impact to users. Most exchanges and crypto-enabled services require a lengthy registration process, some form of investment, or hardware for mining. Current allows users to start earning CRNC tokens immediately without any barriers to entry. Another issue that deters new entrants into the market is legibility of the application. Ripple, Tezos, and many other blockchain protocols have very complex solutions that require a certain technical literacy and lack abroader relatability.
Total Token Supply Allocation
A fixed token supply of 1 Billion tokens will be allocated in the following ways
· 35% — Mining Rewards
· 35% — Token Sale
· 12% — Team
· 10% — Community Growth & Strategic Partners
· 5% — Advisors
· 3% — Current Foundation
Fund Distribution
The team has consistently demonstrated the ability to utilize resources efficiently and scale products quickly.
40% Development & Research
30% Marketing & Platform Development
25% Operations, Business, & Corporate Development
5% Legal & Administrative
Token Value Flow
The diagram below represents the baseline distribution structure of tokens mined through media consumption. For some media items consumed, the distribution may vary based on the presence or absence of a referrer or curator.
WEBSITE | WHITEPAPER | ANN | TWITTER | FACEBOOK | TELEGRAM
Author details
Bitcointalk profile url : https://bitcointalk.org/index.php?action=profile;u=1230529