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Current ICO Overview
The Current ICO and CRNC Token action an change in media consumption. The web casework we all use and booty for accepted accept been congenital on the claimed abstracts and time of the consumers, after accepting or accolade for the amount that they provide. The Current ICO is an befalling to admit the amount contributions provided by consumers and redefine the anatomy of amount barter amid all participants in the market.
Current ICO Value Proposition
Current is developing an aggregated agenda media ecosystem that rewards all participants from architect to customer for their role in the media burning cycle. The activity is comprised of three pillars: the platform, the agreement and the token.
The Platform provides users with a accepted media chase and analysis interface by accumulation disparate agreeable sources from sites such as YouTube, Spotify and Soundcloud. As users absorb media, the underlying proprietary advocacy algorithm develops a alternative and character contour based on their data.
The ambition of the Current belvedere is to actualize the best absolute contour of an individual’s media burning preferences possible. The belvedere would accordingly accomplish higher-quality recommendations than any distinct media antecedent alone, abacus amount to both the alone user acquaintance and basal abstracts for use by third-parties.
The Protocol rewards bodies for their time streaming, ad impressions and claimed abstracts calm on the app. The agreement annal affairs on the blockchain that reflect a user’s addition to the arrangement through consumption, curation or conception of content. Additionally, a acute arrangement distributes rewards in acknowledgment to these contributions. Launching initially on the Current platform, the agreement will be accessible for developers and third-party providers to advice aggrandize the ecosystem.
The Current Account Token, CRNC (pronounced “currency”), serves as a multi-function ERC-20 account badge congenital to incentivize advance of the Current ecosystem. Current’s blockchain allegation agreement accurately and clearly compensates contributions to the advocacy algorithm and all-embracing advance of the Current ecosystem by advantageous a allocation of anniversary badge mined to all stakeholders (consumer, creator, curator, advance pool).
CRNC has a cardinal of proposed use cases aural the Current Platform. Users can redeem tokens to abate or annihilate exceptional cable costs with alive casework like Spotify, admission added in-app casework and barter on exchanges.
The CRNC badge will additionally be acclimated by advertisers and added third-party players to admission user character profiles to advance campaigns and actualize added targeted agreeable aural the app.
Current ICO Team
Dan Novaes is Co-founder and CEO of Current. His ambitious acquaintance dates aback to 2012 and includes two acquisitions of agenda media and adaptable app startups that he founded. In accession to his successes in tech, his cachet as a amusing media influencer with 1.1 actor followers on Facebook is absolutely an advantage in bringing absorption to the project.
Nick McEvily is CPO and additionally a Co-founder. He is a alum of Cornell and served as VP of Product at MobileX Labs, one of the startups founded by Dan Novaes afore they confused on to Current. He has launched antecedent apps that accomplished an alive user abject in the hundreds of thousands.
Kiran Panesar serves as CTO and the third Co-founder. Several of his apps accept accomplished the top 10 in the App Store, with two accepting accomplished cardinal 1. He co-founded Native Mobile forth with Dan Novaes and was amenable for ascent the server basement to handle millions of pageviews afore they were acquired.
On the advising end of the team, none added than Mark Cuban is lending abutment to the Current ICO. Mark Cuban has provided advance in some of CEO Dan Novaes’ antecedent startups and has affected an advising role for the Current ICO. Added admiral accommodate CEO of Couchsurfing Daniel Hoffer and Bancor Foundation Co-founder Galia Benartzi.
Current ICO Strengths and Opportunities
The challenges airish by developing and ascent agenda articles are enormous. People who accept already succeeded in advantageous that claiming are added acceptable to accomplish afresh than those who accept not. The aggregation abaft Current are an accomplished accumulation of entrepreneurs from the tech apple with cord of successes abaft them.
CEO Dan Novaes has founded antecedent startups with both Nick McEvily and Kiran Panesar and launched a cardinal of agenda articles together. They are one of the added added acclimatized teams in the amplitude at the moment.
Current launched their app in 2024 as a action to allure an aboriginal user base. At this appearance in artefact development, the Current app is offchain and alone sourcing agreeable from third-party networks like YouTube, Spotify and Soundcloud. According to the whitepaper, 200,000 users accept already affianced with the platform, admitting these numbers are not accessible for absolute verification. With an app out in the market, the aggregation accept accomplished a artefact development anniversary that evidences both their charge to the activity and adeptness to deliver.
Current ICO Weaknesses and Threats
The roadmap to converting and application users raises several issues. Websites like YouTube and Soundcloud aren’t artlessly for alive music, but acquiesce users to collaborate and anatomy communities. This band of assurance is a huge ambit of the user acquaintance and holds immense value. The architecture of the Current belvedere lacks this feature, precluding the achievability for user-to-user interactions.
Scaling Current rests on the acceptance that users will barter user-to-user alternation for tokenized rewards and an aggregated interface, and we don’t see the bazaar analysis that backs this up.
The Current whitepaper states some of the media integrations on their belvedere are the aftereffect of absolute partnerships, admitting no specific capacity are provided as to what that agency exactly. The anticipation of accessing aggregated user abstracts of advance holds immense amount for media sites and would apparently advice Current in accomplishment partnerships with such players. In whatever appearance or anatomy these partnerships may exist, it’s cryptic how Current affairs to advantage them to add amount to the ecosystem.
CRNC would authority added apparent value, and in approach allure added users, if any media sites or third-party players advertise a affiliation and absorption in application CRNC for accessing user abstracts via the platform.
The Verdict on Current ICO
It’s important to bethink that the ambition of Current is not aloof barrage an app, but to body and calibration an ecosystem. When an broker purchases CRNC, they are agreement a bet on the approaching of that ecosystem.
The Current ICO’s proposed archetypal for democratizing the amount of media burning is ambrosial and innovative, but will alone action if abundant participants accept the platform.
Our questions on Telegram were answered professionally and immediately, but the answers were anon affected and pasted from the whitepaper and larboard some agnosticism in our apperception as to how abounding of their amount belvedere agreeable providers were absolute partners, and how abounding were not. In fact, one acknowledgment acerb appropriate that added networks such as the media giants mentioned ahead (YouTube etc.) would *benefit* from Current’s business model, and would accordingly hop on lath as a amount of authentic self-interest. We haven’t consistently apparent this happen.
While we accede that challenge, we additionally see a aggregation arch the activity who are fit for the assignment ahead. We’re activity to abode a baby bet on the Current ICO.
Learn added about the Current ICO from our Telegram Community by clicking here.
Today’s Date: 2/1/2024
Project Name: Current
Token Symbol: CRNC
Website: https://current.us/
White Paper: https://cdn.current.us/whitepaper.pdf
Crowdsale Hard Cap: $36 million
Total Supply: 1,000,000,000
Token Distribution: 35% to Token Sale, 35% Mining Rewards, 12% Team, 10% Community Growth & Strategic Partners, 5% Advisors, 3% Current Foundation
Price per Token: 1 CRNC = $0.24
Maximum Market Cap (at crowdsale price): $240 million
Accepted Payments: ETH
Bonus Structure: Presale 45% bonus
Presale Terms: (TBA)
Whitelist: Presale Application
Important Dates: Public Presale – Feb 7 Crowdsale- March 14
Expected Token Release: (TBA)
ICO Review Disclaimer
The aggregation at Crypto Briefing analyzes an antecedent bread alms (ICO) adjoin ten criteria, as apparent above. These belief are not, however, abounding analogously – our proprietary appraisement arrangement attributes altered degrees of accent to anniversary of the criteria, based on our acquaintance of how anon they can advance to the success of the ICO in question, and its investors.
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Decentral Media LLC, the administrator of Crypto Briefing, is not an advance adviser and does not action or accommodate advance admonition or added banking advice. Accordingly, annihilation on this website constitutes, or should be relied on as, advance admonition or banking admonition of any kind. Specifically, none of the advice on this website constitutes, or should be relied on as, a suggestion, offer, or added address to appoint in, or burden from agreeable in, any purchase, sale, or any added any investment-related action with account to any ICO or added transaction.
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Cryptocurrencies and blockchain are arising technologies that backpack inherent risks of aerial volatility, and ICOs can be awful abstract and action few – if any – guarantees. You should never accomplish an advance accommodation on an ICO or added advance based alone on the admonition on this website, and you should never adapt or contrarily await on any of the admonition on this website as advance advice. We acerb acclaim that you argue a accountant advance adviser or added able banking able of your allotment if you are gluttonous advance admonition on an ICO or added investment.
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Founding Team
This class accounts for the leaders, developers, and advisors.
Poor quality, weak, or amateur administration can doom a activity from the outset. Advisors who serve alone to pad their own resumes and who accept aside roles can be concerning. But abundant leadership, with accordant industry acquaintance and contacts, can accomplish the aberration amid a acknowledged and assisting ICO, and a flub.
If you don’t accept a aggregation accommodating and able to body the thing, it won’t amount who is at the helm. Good aptitude is adamantine to find. Developer profiles should be scrutinized to ensure that they accept a accurate history of alive in a acreage area they should be able to succeed.
Product
What is the technology abaft this ICO, what artefact are they creating, and is it new, innovative, altered – and needed?
The IOTA activity is a amazing archetype of engineers run amok. The technology declared or in use charge be maintainable, achievable, and realistic, contrarily the accident of it never advancing into actuality is abundantly high.
Token Utility
Tokens which accept no absolute use case are apparently the affliction off, although belief can still accomplish them accept some anatomy of value.
The best tokens we analysis are the ones that accept a affected use case – you charge accept this badge to comedy in some bold that you will apparently admiration to comedy in. The actual best account tokens are the ones which put the badge holder in the position of bartering tokens to businesses who would be able to finer accomplish use of the platforms in question.
Market
There doesn’t accept to be a bazaar in adjustment for an ICO to account able-bodied in this class – but if it intends to actualize one, the altercation has to be acutely compelling.
If there is an absolute market, questions actuality absorb whether it is accomplished for disruption, whether the technology enables article better, cheaper, or faster (for example) than absolute solutions, and whether the bazaar is historically acquiescent to new ideas.
Competition
Most account accept several implementations. If there are others in the aforementioned field, the analyst needs to ensure that the others don’t accept accessible advantages over the aggregation in question.
Moreover, this is the abode area the analyst should analyze any abeyant weaknesses in the company’s position affective forward. For instance, a axiological weakness in the STORJ arrangement is that the badge is not appropriate for purchasing storage.
Timing
With abounding ICO ideas, the timing may be too backward or too early. It’s important for the analyst to accede how abundant appeal there is for the artefact in question. While the IPO bang adjourned a lot of abundant account that eventually did appear to fruition, a acceptable analyst would admit back an abstraction is too early, too late, or aloof right.
Progress To Date
Some of the atomic acute ICO propositions are those that affirmation their founders will accomplish some abroad goal, ancient in the future, aloof so continued as they accept your banknote with which to do it.
More absorbing (usually) is the ICO that seeks to added some advance forth the aisle to success, and which has a clearly-identified roadmap with accessible and reasonable milestones forth the way. Founders who are already partially-invested in their articles are about added invested in their futures.
Community Support & Hype
Having a able association is one of the axiological architecture blocks of any able blockchain project. It is important that the activity demonstrates aboriginal on that it is able to accomplish and body a able and empowered abutment base.
The ICO exchange is acceptable added awash and added competitive. While in the accomplished it was abundant to alone advertise an offering, today’s acknowledged ICO’s assignment adamantine to body acquaintance and action about their offering.
Price & Token Distribution
One of the better factors belief any assay is price. The lower the amount the added there is to gain. But too low of a amount may aftereffect in an beneath capitalized project. It is accordingly important to appraise amount about to the alone project, its ability and the bazaar it is activity after.
The absolute accumulation of tokens should additionally be justified by the needs of the project. Issuing a billion tokens for no acumen will do cipher any good.
Communication
Communication is key. The success of a activity is acerb angry to the activity leaders’ adeptness to acquaint their goals and achievements.
Things don’t consistently go as planned but acclamation issues and befitting the association and investors in the bend can accomplish or breach a project.
