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Last updated Saturday January 23, 2021
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over 1 year AGO
Current Media: Update #20 — $CRNC Token Economics & The Road To $100M/YR In Earning Rewards [MUST READ] Please read the full update here 👉 https://twitter.com/CurrentRewards/status/1142574814990872577 Hey Everyone! 👋 Today, we dive into further detail on our token model and why we so strongly believe it promotes a healthy long-term ecosystem that’s significantly beneficial to both $CRNC holders, as well as everyday consumers. As an update, approximately 80% of our backers have confirmed the information, including their wallet addresses, as part of their $CRNC portal accounts. We intend to provide more details surrounding distribution as soon as all backers have had a chance to go through the $CRNC portal. TL;DR (Too Long; Didn’t Read) Our Update Includes: * The Road to $100M/YR in Earning Rewards — Setting the stage with what it takes to get to $100M per year in earning rewards to users, along with everything it impacts including $CRNC. * Rewards Mechanisms— An overview of our target demographic and each component that makes up our rewards system, along with how each one contributes towards the bottom line and user earning. * User-Driven Revenue and Rewards At Scale — We isolate one of our rewards features to show how it generates between $3.00-$4.50 per user and what it looks like with 10k, 100k, and 2m daily active users. * User-Driven $CRNC Token Demand At Scale — With $1 or more dollars in $CRNC paired with every redemption, we show you how the products could generate $20,000,000 in buy-demand for the $CRNC Token using a single reward mechanism as an example. * Once A User Redeems Their Points, Where Does The $CRNC Come From?—All tokens from within our redemption model, come directly from the market as opposed to being newly minted by Current. As such, we intend to announce a formal burn plan as it may not be necessary to introduce more $CRNC tokens in the market for a sustainable and efficient ecosystem. * What Can A User Do With Their $CRNC Tokens — A more in-depth look into our staking feature. Users can earn Points up to 50% faster. $CRNC can be withdrawn at any point, but there may be a tax associated of up to 75%. The taxed portion may be burned. V1 of this feature may involve users earning CRNT Dollars that expire over 30 days. These CRNT Dollars allow the user to achieve the accelerated earning state aforementioned above; each time a redemption occurs a user earns at least one CRNT Dollar. Simultaneously, each time a CRNT dollar is issued, Current plans to buy $1 worth of $CRNC off the market. This allows us to implement the feature faster and achieve the same bottom line, as well as a supply-reducing token mechanism for $CRNC holders. This V1 is necessary, primarily due to regulatory conditions that will need to be met per region for us to transfer $CRNC to new users around the world. * Planned $CRNC Token Burn — As part of the $CRNC token generation, we created 1 billion tokens. However, we have recently concluded that having this many tokens is not necessary to maintain a healthy ecosystem, no matter the size it grew. As such, we plan to “burn” a large portion of $CRNC until we get an optimal token supply to support our ecosystem fully. Also, in the process, significantly reducing the total supply of $CRNC. We intend to announce further details in an upcoming post. * What Can Advertisers Do With $CRNC Tokens —At token launch, ad impressions on the platform can be purchased directly with $CRNC. They’re incentivized to do so and receive up to a 50% discount. If paid for in fiat, Current intends to dedicate a large percentage of that revenue to purchase $CRNC tokens off of the market. * What Is Holding Us Back From Scaling Right Now? — Priorities for Q3 include improved anti-fraud measures, additional ad partners, product stability, and automated redemption. * What Can Happen When We Turn On Marketing? —We’ve done it before, and we can do it again. Expect more PR in both the crypto and consumer segments, more chart-topping acquisition tactics, and a surge in daily active users.
TDAmeritrade had Current CEO Dan Novaes on their crypto segment today! 🔥👨🚀 https://twitter.com/currentrewards/status/1142137393044217857?s=21
🔥Hot off the press! 🔥 Dan Novaes, Current’s CEO, recently interviewed on Yahoo Finance! https://finance.yahoo.com/video/crypto-backed-music-streaming-platform-192716374.html
Hey Everyone! 👋 Our channel is now an announcement only channel. In Post 3, our most recent post, we detailed these plans out. Going forward, all questions sent to this group will be automatically removed. Fear not! We're not going anywhere and will provide all updates right here from here on out. --- The team at Current has been accomplishing a lot this month and it’s important it is to keep our community of investors and supports updated on our progress. As such, we took the time to create a series of transparency posts that answer in detail many of the questions people have surrounding the token distribution, product roadmap and more. * Part 1: Company health and year to date expenditures: https://medium.com/current-crnc/current-media-transparency-part-1-65cc5a106503 * Part 2: A detailed look at our perspectives on the regulatory environment: https://medium.com/current-crnc/current-media-transparency-part-2-5520936e5e98 * Part 3: An updated product roadmap showing the next steps we plan to take in order to make our vision with Current a success (published 10/31): https://medium.com/current-crnc/current-media-transparency-part-3-be4ca5f492cd We understand how important it is to stay in touch with our community, so we have provided an alternative outlet for questions via regularly held AMA’s and community updates at least once every 3-6 weeks. * Feel free to submit any questions on our Google Form here: https://goo.gl/forms/1cfntRb6X4hUa2ms2 * If you ever need to reach our community managers or leadership team, please feel free to write to email@example.com, and we assure you that we will respond in a timely fashion. Make sure to follow us on Twitter & Medium to stay up to date! * Twitter: https://twitter.com/The_CRNC_Token * Medium: https://medium.com/current-crnc
Dear Community! The team has been heads down and making a ton of progress on Current. We have a series of posts coming out dedicated to transparency within the Blockchain Industry. Each post will cover a different subject in detail, in hopes that it gives everyone the whole picture of what went into our decision to postpone token distribution. In the first post, published today, we provide an overview of: * Token Sales & Project Execution * Current’s Financial Runway * Current’s YTD Expenditures & Projections * Current’s Executive Compensation * Development Progress and More! Our following posts will cover more on the U.S. regulatory environment, what we are taking into account before conducting token distribution/unlock; an update on our product roadmap, and an update on our communications strategy moving forward. Our next post will be posted next week, with a video AMA coming later this month. Much more to come! The Team @ Current Check out the full update here: https://medium.com/current-crnc/current-media-transparency-part-1-65cc5a106503 Submit your questions for the AMA here: https://goo.gl/forms/lJc60ozefKPzHtdG2
Dear Community, Please be sure to check out this weeks update: - March 1 - Sept 1 Development Progress: 900 improvements, 3700 Github commits. - Next weeks iOS release: Focus on curated radio, new sign in screen, new settings screen, new search, new discover screen, new library screen, new media player. - Usability Research: Brief overview of findings. - Android BETA: Live in the Google Play Store. - Product roadmap update: What's coming through October. - iOS User growth update: Around 1.7M users, 2.0M target by end of Q4. - Ad Monetization: Coming in October, ad partners already in place. - Current Media: New website overhaul, CRNC token accessible at crnctoken.org. For the full update, check out our most recent Medium post. https://medium.com/current-crnc/current-media-community-update-11-ac74c656600e
This week's update: - March 1 - Sept 1 Development Progress: 900 improvements, 3700 Github commits. - Next weeks iOS release: Focus on radio, new sign in screen, new settings screen, new search, new discover screen, new library screen, new media player. - Usability Research: Brief overview of findings. - Android BETA: Live in the Google Play Store. - Product roadmap update: What's coming through October. - iOS User growth update: Around 1.7M users, 2.0M target by end of Q4. - Ad Monetization: Coming in October, ad partners already in place. - Current Media: New website overhaul, CRNC token accessible at crnctoken.org. For the full update, check out our most recent Medium post. https://medium.com/current-crnc/current-media-community-update-11-ac74c656600e
Current $CRNC #1 Trending app in the USA 🇺🇸 App Store July 30th! Here is our Weekly Update With News About Android and much more! https://medium.com/current-crnc/current-media-weekly-update-8-9619192dbdb5
Hey Everyone! 👋 There has been a lot going on here at Current these last two weeks. In our previous update, we had just started the distribution process with our private backers, and at this point, we’re happy to announce that we’re just about through everyone. That said, legally, all backers have until the end of July to fully wrap things up and register in the CRNC token portal. What’s that mean for token distribution? Simple. After July 30th, we will be evaluating the date of when to unlock tokens. We are actively working with our funds to establish favorable conditions that are most likely to benefit all backers and supporters of Current. We have many MAJOR announcements and press coming out in August. For all of our airdrop, referral, and bounty participants, we are pleased to officially announce that we will be working with CoinList to facilitate KYC for all participants receiving the airdrop of CRNC. With the legal stuff out of the way, stay tuned for another announcement in the coming weeks on when this portal will be ready to start the process. Until then, please stay patient. We know it’s been a long wait, but we’re working through all of the right channels to ensure the airdrop happens in a smooth and compliant way. Everyone that passed our screening for spam and bot manipulation has tokens reserved and will receive access as soon as it becomes available. Finally, the product. The Current iOS app has finally surpassed 1M users, which means, by distribution time, Current will be one of the most widely adopted blockchain-enabled consumer media products in the world. Woot! We’re all very excited to get through distribution and continue pushing boundaries and building the product our team has dreamed. 👉Highlights Include: - Marketing, Partnerships & Growth: Updates - Public Relations & Media Tour: Update - Celebrity Partnerships Updates - New Website & Team Videos: Coming Soon - Current App for Android: Updates - Current Protocol V1 & Wallet Waitlist: Updates - CRNC Portal: Updates - New Additions To The Team! - Telegram Community Airdrop + Referral: Stage 3 Live - Android Only Referral: Stage 3: Live Early This Week! - Weekly 10,000 CRNC Sticker & GIF Contest: Now Live! - July 13th Sticker & GIF Contest: Winners Announced! - Where We’ll Be Next - Current’s Curated Content A Note From Dan 👨🏻 Be on the lookout for some major announcements and updates in the coming month. Excited to share the next part of our strategy and vision for the remainder of 2018 and beyond. Dan Novaes — CEO, Current Media https://medium.com/current-crnc/current-media-weekly-update-7-2a4346f54bef