If we take a moment to look back in the recent past at how we got access to every form of media, we’ll remember with a few nostalgia devices like a VCR or a DVD to catch a film or a Walkman and a portable CD player to listen to music. Technology developments have made these electronic equipment’s obsolete in the span of 20 years or less. These days we get access to every single form of media using smart devices and the internet. Is very likely that most of us make use of apps like YouTube to catch a film or Spotify to listen to music, these services have contributed to the massification of streaming as an industry standard.
The value of time for Current
One of the few things very people take into consideration is the amount of time spent using these apps as well as the unfair distribution structure of earnings that most of these companies have created for content creators. This is where Current comes in; the company is creating a digital currency based on Ethereum that creates a unique utility to reward users for the time spent on any of these streaming applications. The algorithm that is currently being developed works with the navigation history of each user by collecting data about the type of content of their choice as well as the time of access to manage personalized recommendations.
The utility to unify every streaming service
Current has nicknamed their token CRNC and it can be used to gain access to more media under a unified ecosystem that consolidates every popular media network under one single roof. Developers can also offer a wide range of services using in-house ads that can be monetized using the CRNC token. The company currently offers their services to 200,000 people that are already getting rewards just for streaming their favorite content in well-established platforms such as Youtube, Soundcloud, Spotify, and Itunes.
A new structure where everybody wins
The good news is that with each token spent under the Current ecosystem everyone gets to win. The distribution system is designed to create rewards that can be monetized with each CRNC token being split at a 55% for consumers, 20% for content creators, 20% for content curators and 5% for referrals that contribute to the growth pool. The company just takes 5% of the earnings to keep running their operations. These protocols are aimed to drive interest from potential customers, investors as well as content creators. The more of them that are driven to adoption, the more there is an opening to develop means of compensation for everyone involved.
Current: Welcoming everyone
One of the most attracting offerings of Current and the CRNC token is the easy access offered by the developing team to the world of digital currencies to anyone who is willing to participate. No matter their level of experience or knowledge about Blockchain technology, every user just needs to adopt the utility and keep their pattern of consumption in their networks of choice to star getting rewards. As far as proposed features this is one of the best deals offered by an ICO that goes beyond a speculative proposal.
The CRNC is currently undergoing a public pre-sale that will run until February 21th. To learn more about their offering you can visit https://tokensale.current.us/