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#Blockchain All projects

Current: An Incentivized, Blockchain Based Multimedia Ecosystem

Current gives you more ways to stream and pay for your favorite music and video.

stage Ended crowdsale

4.3 Rating

by 5 users


    KPLs

    • Employees27

    Team

    27
    man Mark Cuban

    Owner, Dallas Mavericks, Chairman Axs TV

    Investor, Innovator and Philanthropist. Early in his career he sold his computer consultancy, MicroSolutions, to CompuServe. As pioneer of digital media broadcast, he later launched and sold Broadcast.net to Yahoo. Beyond that, 2929 Entertainment owns and manages AXS TV (prev-iously HDNet). Current owner of Dallas Mavericks.

    man Galia Benartzi

    Co-founder, Bancor Foundation

    Experienced technology entrepreneur, currently working on a Bancor protocol. Building software startups since 2005, working through acquisitions, wind downs, venture capital financing and everything in between.

    man Eyal Hertzog

    Product Architect, Bancor Foundation

    Focused on building and launching end-user ecosystems online since 1998 in the domains of social networks, content sharing, user-generated currencies and blockchain.

    man Eric Gravengaard

    Founder, Athena Bitcoin Founder, BitQuick Exchange

    Co-Founder of several digital currency businesses including Red Leaf Advisors. Helps small businesses, individuals, and institutional investors purchase and secure digital assets; Manages client assets across multiple hedge fund strategies; guides token issuers through the process of launch-ing their own digital tokens (ICO, TGE, etc.).

    man Dave Hoover

    Founder, Dev-Bootcamp Engineer, Augur ConsenSys & Raise

    With a background in Psychology, Dave’s been an engineer ever since he became interested in how tech-nologists become competent and keep up with the constant change in the ecosystems. Minority owner of 3 acquired companies. Supports his 14 portfolio companies.

    Tony Simonovsky

    ICO Focused Growth Hacker, KICKICO

    Sergei Sergienko

    CEO, Chronobank.io

    Shadi Paterson

    Chief of Growth, The 8760


    Press




    Crowdsale details

    Distribution of tokens
    • Mining Rewards (35%)
    • Token Sale (35%)
    • Team & Advisors (17%)
    • Community Growth & Strategic Partners (10%)
    • Current Foundation (3%)
    Budget allocation
    • Development & Research (40%)
    • Marketing & Platform Development (30%)
    • Operations, Business, & Corporate Development (25%)
    • Legal & Administrative (5%)
    Details Indicators
    Token Symbol CRNC
    Full Token Name Current token
    Pre-crowdsale Start February 7th, 00:00 GMT+03:00
    Pre-crowdsale End February 21st, 00:00 GMT+03:00
    Crowdsale Start March 14th, 00:00 GMT+03:00
    Crowdsale End Hard cap is reached or April 4th, 00:00 GMT+03:00
    Crowdsale Hard Cap Fixed, $36000000
    Crowdsale Soft Cap Yes, $5000000
    Token type utility token
    Domain registration date 2016-03-15
    Domain owner Nativ Mobile, Nativ Mobile LLC, 813 West Lake Street, Chicago, IL, UNITED STATES

    Cost of the token

    1 token for 0.24 $

    Price without discounts

    Accepted currency

    • Bitcoin
    • Ethereum


    Rate the project

    Estimate the project on a five-point scale or switch to the simple scale

    Five-point scale Simple scale

    Relevance of the problem and Market size

    1 2 3 4 5

    Product competitiveness

    1 2 3 4 5

    Founders, Team & Advisors

    1 2 3 4 5

    Budget allocation and roadmap

    1 2 3 4 5

    Token economy, Tokenization & Business model

    1 2 3 4 5

    Distribution & Lock up of tokens, Discounts for early buyers

    1 2 3 4 5

    Summary rate the project

    1 2 3 4 5

    Rate the project by other users

    5
    Denys Serhiichuk March 19, 2018
    Rating of project
    4.2

    Advantages

    The platform has combined the best features together with useful content, taken from the most popular media networks. And most importantly, you can earn CRNC token, which you can spend on paying for services that you use in the application. The system of rewards is based on the exchange of the token for any kinds of activity: listening to music and watching videos online from popular media platforms of partners.

    Risks and disadvantages

    However, risks also take place in this project. As Current is based on social networks, most of them are restricting advertising of ICO and other stuff related to cryptocurrencies. It can cause difficulties for the company in the future.

    Comments

    In conclusion, the platform seems a promising one. Moreover, it has already working applications which users can download.

    Armando Castillo March 19, 2018
    Rating of project
    4.5

    Advantages

    Lots of useful options in one app for people who enjoys listen to music and watch some videos on popular platforms such as youtube, coub etc.

    Risks and disadvantages

    As for me, they should give more information in roadmap and as has already been said add a link to white paper on their website. it will help people to understand the concept much better.

    Comments

    We already have lots of streaming services, but this one is pretty different from all of them. Using ICO helps to make money during having some fun with music and video content.

    Andrew Robinson March 19, 2018
    Rating of project
    4.0

    Advantages

    This project is quite relevant for music lovers. The idea of paying for subscriptions using IСO tokens is very interesting.

    Risks and disadvantages

    The concept of the project is not fully understood, I would like more information.

    Comments

    The project has a future, it has a good technical base, it needs a lot of popularity. The team did a good job.

    Antony Smith March 15, 2018
    Rating of project
    4.0

    Advantages

    It is difficult to overestimate such a good attempt to make the life of music fans more comfortable. Personally, I can’t live without music, but sometimes it can be quite annoying when you use a lot of streaming services and you can’t see all the content in one app. Moreover, I like the opportunity to pay for all your subscriptions with ICO’s tokens, it is pretty useful and creative idea.

    Risks and disadvantages

    The website itself is informative enough, but probably you should add a link to your whitepaper on your official website because some people won’t understand the whole concept.

    Comments

    I would also advise starting cooperation with some famous musicians.

    James Young March 15, 2018
    Rating of project
    5.0

    Advantages

    An exciting solution for million music lovers, this must bring an outstanding experience and put streaming services on the next level.

    Risks and disadvantages

    This ICO is not so widespread in terms of other continents, especially EU and Asia where is definitely could find its audience.

    Comments

    Overall, a unique ICO and project look cosy at the same time very solid from the technical point of view.


    FAQ

    Frequently Asked Questions

    Why does Current need to use a blockchain to accomplish its goals?

    Current will utilize the benefits of a blockchain across two phases, first, enabling Current to record user contributions to the platform and reward them for their time, attention, and consumption. This will continually evolve towards using the blockchain to aid in the decentralization and transparent distribution of content, payments, goods and services.

    Why did Current choose Ethereum over another blockchain?

    The Ethereum network was chosen because it is one of the most robust blockchain platforms built for application integration and has the largest development community behind it. The Ethereum foundation's dedication to continually develop and improve the underlying technology to improve scaling issues make Ethereum one of the most compelling blockchain platforms to build on top of. Our team has closely been monitoring the progress of Raiden and how we can use state channels to solve the scalability issues we would be facing within Current.

    Is your business reliant solely on third party API integrations?

    Current launched stage one of platform at the end of March 2017 with a mix of eight public and private integrations, a good portion of which we’ve secured through direct partnerships. All our integrated partners are benefited as they retain all the user interactions, data, and revenue from plays within Current, ie. a play on Spotify still counts for a play on Spotify and they get paid on that stream. Our mission is not to cannibalize our partner networks, in fact we want our users to use CRNC for premium subscriptions within these services. This further benefits these networks and the broad industry as a whole, turning free users into paying users. It is important to note, that our goal is to continue to add content integrations as time goes on, further decreasing the impact of any one integration dropping from the Current platform.

    During final phase of the platform, the Current platform will have reached the critical mass of users it needs to make full use of our decentralized media integration that would coexist alongside the most popular third party networks.

    How does Current’s protocol account for new integrations into the platform?

    When new integrations are added, especially of a new media type (like film for instance), the available pool of relevant information grows and therefore increases the breadth of our recommendations. We can catalogue and display more content and therefore keep users engaged longer. This will in turn impact the contribution coefficient associated with each user and the network as whole.

    What is the total supply of CRNC? Will you ever issue more?

    The total supply of CRNC will be limited at 1 Billion tokens, and we will never issue new tokens after the token sale. During the token sale, 35% of all of the tokens will be available for purchase, and the remainder will be earned through a user's contribution to our recommendation algorithm by consuming media. The rate at which the user is able to earn these tokens is dependent on a variety of factors outlined in the white paper.

    Tokens not allotted during the token sale will be locked up in escrow for 2 years.

    How are CRNC tokens redeemed in the platform?

    Users are able to redeem their CRNC for premium subscriptions to our media partners, such as Spotify. The user would select which service they would like to redeem their CRNC for and we would provide a key to upgrade their service on that network.

    What is the soft cap and the hard cap for the token sale?

    The soft cap of our token sale is $5M USD and the hard cap is $36M USD

    How do you remove any chances of users gaming or abusing the system to continually earn tokens?

    To remove potential fraud from “bad actors” the 8 variables outlined on page 10 of the Token Dynamics and Protocol section that make up our contribution coefficient are designed in a way to automatically detect and adjust the rate at which the participant is earning CRNC tokens. Should a “bad actor” be automatically detected, their contribution coefficient will go to zero, effectively earning the participant zero CRNC tokens.

    How many CRNC will be issued during the Token Sale?

    How many CRNC will be issued during the Token Sale?
    350,000,000 CRNC tokens or 35% of the total supply of tokens (1,000,000,000) will be available during the crowdsale.


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