Current media- stream videos and get paid in the form of cryptocurrency.
Everyone uses internet for recreation as well. This generation spends more than 5 hours/day on internet. What if someone pay for streaming videos as well. Yes the innovative blockchain technology pay you for streaming on popular sites as well such as, YouTube, sound-cloud and podcasts. Current is a decentralized ecosystem which get you paid for your time, data shared & money spent while streaming.
Current already incorporated more than 200,000 users into a single platform to stream multiple networks for 300 billion audios & one billion videos. Current pay you according the amount of time, behavior and type of data you streamed. The creators, curators (find content of interest), advertiser & users all get advantages from this type of streaming. Current is a hybrid mode of technology which works for both on-chain & off-chain to adjust the dynamics of media, crypto world & blockchain technology.
Current media works on following mechanism progressively, first of all it has created a versatile single platform for streaming, and secondly, it created a token. Token serves as a tool to use the platform, the overall protocol works on the principle of transparency, every transaction is being recorded in the blockchain’s smart contract.
Apart from getting paid for streaming current media also provides others perks such as, the restricted content on media such as YouTube is readily available to the users of current media. It also enhance the content which is more popular. It provides easy registration and user are eligible to earn token right from the start.
The users are paid after three phases, first of all the user is verified, secondly the value of data (streamed by the user) is determined and finally the amount of tokens is determined based on the value of streamed data.
The current’s token is ERC-20 based known as CRNC. Sub token is also traded for the main token CRNC. The stakeholder of CRNC tokens are those who owns the tokens and are the part of this platform in one way or the other. The consumers who are streaming the content, the curator who are generating the playlists, the creator of the content, users who refers others on the platform, and the growth pool.
The total supply of CRNC tokens is 1,000,000,000 tokens. The proportion of tokens distributed as 55% for the users, 20% for creators, likewise 20% for curators, 3% for the referrer, and lastly 2% for growth pool. One can also get other services such as premium stream (no ads & offline listening) & donations. The digital wallet is created for every user of Current media. Users can trade the tokens and they can earn 20% of the token’s share by streaming a channel. The currencies accepted for the CRNC token are ETH, BTC and NEO. The main sale of tokens will start from 14th March till 4 April 2018. The exchange rate of token is est. $0.24 <> 1 CRNC. However, the minimum transaction of 0.03 ETH is mandatory. For further insight and information about the project please visit whitepaper, telegram and ANN thread.