What is Current?
Current is a system that pays users for playing media streaming platforms such as Soundcloud and Spotify. It consists of a blockchain based, streaming ecosystem that allows users to choose how they want to get paid and stream their media.
As of now, they have a functional Current app that’s available for iOS phones and devices. So far over 200,000 users have downloaded the app and are using it regularly. The Android version is still in production and will be released in the future.
Current plans to create an extensive search list for users to find their favorite videos and songs. Now, you can search from over 1 billion videos and 160 million songs for free, enjoy offline music, and import their music libraries from their favorite services.
With blockchain technology, current plans to create more user-friendly features to its platform.
- Token: Current’s main token (CRNC) will be used to eliminate or reduce premium subscription costs and assist in additional purchases.
- Protocol: Current incentivizes users by rewarding them for streaming, impressions, collecting ad impressions, and sharing their personal data. This platform will be open to third-party providers and developers to use.
- Platform: Current combines the best features of popular streaming platforms such as YouTube and Spotify. It places all of them in one place to enhance the user’s personalized experience.
What Problems Does it Solve?
The streaming industry is a multibillion dollar industry that gains most of its revenue from ad shares, user data, and the amount of times their platform is streamed. While this is great, it doesn’t give the user the incentive to participate in their service.
With Current, it solves this problem by allowing users to get paid for their streams. When using it, you can obtain CNRC that you can trade for fiat money or rewards within Current’s platform. As a result, users can obtain profit for their streams and uses Current’s blockchain technology to help make the process easier.
Token Sale Information:
- Encourages Education: The Altair VR platform will be used to teach children a multiple ranges of subjects in a way that’s interesting and exciting to them.
- Token Reduction: The smart contract will remove 1% of its token supply each day until it reaches
- Teacher Incentives: Teachers also gain benefits from using this platform. They can share their information and be rewarded in Altair tokens as a result.
- Good Team & Experience: Altair is a company that has been around for about 8 years. They have won multiple awards for their vision and continues to make more promising results as it grows.
- Education Issues: Altair’s platform might be in direct competition with traditional educational systems.