CURRENT

Development and progress of Technology is increasing rapidly in the modern era, you could say that the people of the world are now pampered by technology. The terms of technology are widely known, and everyone has their own way of understanding the concept of technology.

One of the information technology products that is growing rapidly is the internet. The internet helps many people because the Internet is a source of information around the world. We use the internet in our daily life, and many of us would be lost without it. Most communication media include Ponsel (smartphone), Television, etc using the internet.

Technology allows peoples around of the world to be connected – To be as one. You can’t deny that Technology is important in our every-day-lives and our work.

One of the newest form of technology is called Blockchain Technology – Blockchain Technology offers great potential and is ideal for many markets as it enables transparency and trust. Blockchain technology allows for a new system of transparent accounting that is needed for the instant valuation of time, data, and attention-based systems.

.Get paid to stream from networks like Spotify, YouTube, SoundCloud, and more in an all-in-one personalized experience with ” CURRENT ” An Incentivized, Blockchain Enabled Multimedia Ecosystem

CURRENT is creating a digital token that uniquely rewards a person’s time, money spent, and data shared during the media streaming experience. and Also CURRENT is a token can be used to purchase a broad range of products, services, and in-platform advertising.

CURRENT already provides more than 200,000 users with a more convenient search and discovery experience. With the launch of the

platform token, users will be rewarded for streaming content from their favourite networks. The platform combines data points

surrounding the types, times, and topics played by each person across multiple networks to serve up. Using Blockchain system Consumers get more choice in how they pay for media; Creators and Curators get a new form of compensation, and Advertisers get more transparent accounting and audience information.

♦ 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 Developers will do some phase to leverage in their applications, as follows:

>Traction : A Universal Media Platform

During this phase, Current is solely sourcing content from third-party networks like YouTube, Spotify, Soundcloud, Internet Radio ,etc. With over 300 million songs and over 1 billion videos, over 200,000 people have used Current to listen, watch, and interact with media. The average user spends over 18 minutes per session and our Day 30 retention as of Q4 2017 is over 35% without any incentives built into the platform, well above industry standards at this stage.

>Scale: A Universal Media Protocol and Token

The second phase is focused on building a protocol and a utility token that democratizes the value created in the media consumption cycle; shifting benefits from advertisers and intermediaries to people who are playing, creating, and curating media. The protocol records transactions on the blockchain that attest a user’s contribution to the network (by consumption, or by curation and creation) and a smart contract distributes CRNC tokens in response to that contribution. In order to handle the scalability bottlenecks, while maintaining trust within transactions, we will consider “state channels”.

The Future Of The Current Ecosystem

In collaboration with independent media platforms, the CURRENT protocol will be forked to broaden the available market share and

create sub-tokens for each media ecosystem. As blockchain technology continues to mature and adapt to market needs, the token,

the platform, and the protocol will continue to leverage bleeding edge technologies to maximize value for all participants. Three such

strategies include:

A Superior Identity Profile For Blockchain Based Applications
Decentralized Storage Infrastructure Alongside Centralized Networks
Ethereum Blockchain Scalability via State Channels For The Media Industry

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 Current is available with 8 integrations and intends on integrating more services that host podcasts, audio books, television shows, and movies.

A Utility Token for the Media Industry

>Purpose of the Protocol

The primary objective of the protocol is to evolve based on market adoption, and therefore will be rolled out incrementally. The initial function of the protocol is to reward participants of the consumption cycle in three steps:

(1) verify the initializer;

(2) calculate the value of the action to the network,

(3) calculate the appropriate token reward to distribute to the contributors

>Sub Tokens and Network Tokens (CRNC)

Current will stake a portion of CRNC for each newly issued platform sub token allowing token immediate liquidity to occur for any

network participations. Current will be integrating with the Bancor Protocol in order to provide liquidity and formulaically determine the price of sub tokens. Current is able to bring an immediate value to all media online and own the landscape of how media interactions are rewarded, no matter the platform.

>Ethereum Based

Tokens will be implemented on the public Ethereum blockchain as an ERC20 token.

Token and Protocol Dynamics

Stakeholder List :

Consumer
Curator
Creator
Referrer
Growth Pool

Block Reward Calculation

In order to ensure liquidity and supply, theBlock Reward (Br) calculation maintains a ratio of available supply to demand. Each block is eq-ual to 3600 seconds or one hour of consumption (mining) done by a consumer. With every 100,000,000 blocks mined, the block reward changes in proportion with the number of tokens left in the system. This is

known as a Block Cycle (Bc

Contribution Coefficient (H)

Not all user consumption is equal. The Contribution Coefficient (H) is designed to disincentivize illegitimate plays, and to identify

the most influential contributors to its network

Total Token Reward

The total token reward is the result of the block reward, time spent consuming media (in seconds), and the user’s contribution coeffi-

cient.

Variables

Tr = Token reward

S = Seconds spent consuming

(Where S must be 30)

Br = Block reward

H = Contribution coefficient

3600 = 1 Block

Participant Token Reward

Tr = Token reward given out

PTr = Participant token reward

U =The portion of the overall

token’s distribution to participants.

Token Launch

Symbol : CRNC

Role : A utility token used to purchase goods, premium services, and ad inventory within the Current platfrom

Total Suppy : 1,000,000,000 CRNC

Accepted Payments : ETH, BTC, NEO

Public Presale Period : February 7, 2018 (12:00AM CT) – February 21, 2018 (11:59PM CT)

Main Sale Period : March 14, 2018 (12:00AM CT) – April 4, 2018 (11:59PM CT

Claim Your Wallet Campaign : March 21, 2018 (12:00AM CT)

Sale Amount : 350,000,000 CRNC , Exchange Rate : est. $0.24 <> 1 CRNC , Minimum Transaction : 0.03 ETH, Soft Cap : $5,000,000 ,Hard Cap : $36,000,000 Token,

Smart contracts will distribute tokens within one month of the token sale. Token giveaways will be used as a marketing and growth tactic. “Claim Your Wallet” will launch March 21st, 2018 to transition our existing user base into the Blockchain ecosystem and create awareness.

The Next Generation Of Media Streaming

A Platform

Current consolidates the best content and features from the most popular media networks into an all-in-one, personalized experience.

A Protocol

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.