INTRODUCTION
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.
VISION
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.
Media for Web 3.0
The web we know today was built on the personal data and
time of the unwitting consumer. Today, just four companies own the internet's
data. The next evolution of the Web will recognize the value of people and
redefine the value exchange between consumers, and corporations.
When we set out to
build this ecosystem, we put you in mind: the everyday streamer. We considered
the variety of media you stream and the various networks you have accounts on,
and built an agile flexible platform that adapts to culture quickly. We didn't
want you to make any sacrifices, so we integrated with the most popular
networks. You want to control who your data is shared with and how it’s used,
so we wrote win-win smart contracts that give you choices.
The Streaming Generation
With an estimated buying power of $44 Billion, Gen Z is
spending more than 5 hours per day on their phone, making them well positioned
for cryptocurrency adoption. By designing our platform with the most digitally
active generation in mind, we differentiate ourselves from the infrastructural
protocols developed to serve the “initial wave” of avid users and delivers a
valuable new audience to the world of blockchain.
Gen Z and Millennials are having deeper and more frequent
interactions on video and music services than ever before. They are more likely
to search YouTube for a given question then to Google it. Armed with an acute
awareness, and a strong interest and understanding of the digital landscape,
these groups will represent the first generations who will be immersed in
blockchain products and services. In many cases, Current will be the first
digital wallet the mainstream public will own.
Source :https://cdn.current.us/whitepaper.pdf
A New Way to Play Media
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.
More Convenient Streaming
Unlike conventional content networks like YouTube or
Spotify, which are limited by the content hosted on their platform, Current can
access the content libraries from multiple services through Application
Programming Interfaces or APIs. An API is a set of routines, protocols, and
tools that govern the interaction of software components.
Keeping Up With Culture
Current integrates with external media networks to meet the
demand for popular media only available on proprietary networks. Using third
party libraries provides Current with an unparalleled agility to add or remove
libraries as they fluctuate in popularity.
For instance, live streaming, virtual reality and augmented
reality will become more ubiquitous in the coming years; Current is well suited
to integrate the most popular content networks that serve those types of media.
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 a broader relatability
With our hybrid approach, we’re able to garner broad
adoption using our existing audience and their daily streaming media habits
through a simple user experience and wallet integration, removing all technical
complexities associated with the adoption of cryptocurrencies. Lastly, the
other barrier to entry revolves around accountability. Many token sales are
based on theoretical principles without any sort of product in market.
Better Recommendations
An algorithm can consolidate a seemingly limitless content
library into a subset of options that users can understand and make choices
from in moments. In order to make any given list of information more
manageable, a recommendation system must model users’ preferences accurately,
uncover hidden preferences, and avoid redundancy.
Current’s proprietary recommendation algorithm leverages
both Content Based Filtering and Collaborative Filtering to determine in what
media users are most interested. Using machine learning and neural networks,
our algorithm will self-amend and change incrementally based on the relational
information it defines.
Current.us
Current rewards people for providing as well as viewing
digital content. It rewards in CRNC tokens, which roughly gets pronounced as
currency. Get paid to play your media via Current. From Twitter to YouTube to
Movies to Radios to Podcasts, you can watch tons of media with incentives.
What’s better way to making some cash on the side, by enjoying your favorite
tracks and shows? For the end user, Current lets them choose preferred way to
stream. You can save a lot of subscriptions or get them for no cost at all. You
earn CRNC for installing Current app.
Current Ecosystem:
Current is defined by its platform, protocol and token. The
platform brings amazing content from multiple media platforms. It offers all in
one, personalized experience in media viewing. The protocol incentivizes people
for streaming their favorite content. Rewards are based on impressions and get
accumulated as credits and tokens. The CRNC token brings the premium for
subscriptions to rock-bottom or even nil. It is used in ad purchases as well.
The rest of the blockchain benefits apply to this network too. In addition to
all this, Current released their app for mobiles which is currently rated 4.5
in App store.
Advisors, Investors, Contributors and Core team:
The advisors and investors board features the Shark Tank
fame, Mark Cuban. He is the owner of Dallas Mavericks. It also includes
GaliaBenartzi co-founder of Bancor Foundation, Eyal Hertzog, Bancor Foundation,
John Wise, CEO and founder of Loci Inc. and many other icons. The core team and
contributors brings together expertise of sorts. The company has a clear cut
time line that defines their impressive track record and vision for the future.
Token Launch
The primary purpose of the token launch is to effectively
kickstart the token market and support Current Media in further developing
technology that contributes to the market. Bonuses will be provided to early
investors with a short lockout period after the sale to bolster stability.
Total Token Supply Allocation
Our fixed token supply, of 1 Billion tokens will be
allocated in the following ways
35% Mining Rewards
For providing growth to the platform, algorithm advancement,
data to the platform, consumption, distribution, maintaining and growing the
platform, and more
35% Token Sale
For funding research, engineering, platform development,
marketing, business development, partnerships, support, admin costs and more
17% Team & Advisors
For early team members, future team members, early
contributors and individuals advising the Current team in media, growth,
blockchain technology, and fundraising
10% Community Growth & Strategic Partners
To support community growth programs such as the “Claim Your
Wallet” campaign and strategic partners who have and will continue to shape and
grow the ecosystem
3% Current Foundation
For long-term network governance, transition to a fully
open-sourced and decentralized platform, partner support, and academic grants
Use of Funds From Token Sale
Distribution of funds received from the sale of 35% of our
total token supply
40% Development & Research
Development costs are dedicated to full-time salaries,
contractors, research, platform and hosting fees
30% Marketing & Platform Development
Building a robust marketing campaign in several languages, user
acquisition, building up brand awareness
25% Operations, Business, & Corporate Development
Growing business via strategic partnerships, additional
content integration partners, acquiring or partnering with well known platforms
relevant to growing the CRNC token holders
5% Legal & Administrative
Legal, accounting, hardware, rent and other third-party
services needed to run an organization25% Operations, Business, & Corporate
Development
ROAD MAP
Website: https://tokensale.current.us/
Technical Report : https://cdn.current.us/whitepaper.pdf
ANN thread: https://bitcointalk.org/index.php?topic=2829644.0
Bounty thread: https://bitcointalk.org/index.php?topic=2831598.0
Telegram: https://t.me/ CurrentCRNC
AUTHOR:
Bitcointalk name : ayumichia
Bitcointalk profil :https://bitcointalk.org/index.php?action=profile;u=1427084
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