Monday March 01, 2021
Bitcoin (BTC) $48,499.00   Ether (ETH) $1,542.29
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
NEWSLETTER SIGNUP
EXCHANGE 300+ COINS
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
No Result
View All Result
Home Token Offerings/Listings

After $36 million raised in private sale, Current to airdrop millions of tokens

Published by CryptoNinjas.net
02/06/2018
After $36 million raised in private sale, Current to airdrop millions of tokens

Current Media, an incentivized, blockchain-enabled multimedia ecosystem, today announced that it has closed $36 million in its private token sale and will distribute several millions of dollars worth of its CRNC utility tokens to the approximately 250,000 people who have signed up to participate in its public token sale during the past two weeks through airdrops.

The token drop will be in lieu of the previously announced public token sale.

Current co-founder and CEO Dan Novaes will announce via Telegram further details regarding the distribution, including the exact amount of CRNC (pronounced “currency”) tokens being distributed.

Once CRNC is live, participants will be able to use their tokens within the Current ecosystem for premium media-streaming subscriptions (such as Current’s own premium service or others like Spotify Premium).

Current, which counts digital media pioneer Mark Cuban among its initial investors, approaches the fractured media-consumption landscape by bundling Spotify, YouTube, SoundCloud, and other popular media networks into one platform. Users will not only have a more streamlined media-consumption experience, but they will also be rewarded for their daily music or video habits.

“The amount of interest in our token sale has been nothing short of extraordinary,” Novaes said. “Current was designed for everyone, and our North Star is our community. We determined that this token distribution is the fairest way for everyone to meaningfully participate – independent of their location or background.”

In the two weeks since it announced the details of its token sale, Current received the equivalent of approximately $150 million in interest from backers looking to participate in the private sale.

Current rewards everyone within the media ecosystem. In addition to consumers being rewarded for streaming their preferred content through Current, content creators and curators are rewarded with CRNC when their work gains popularity. Everyone participating in Current is rewarded for referrals.

The Current App is available in the Apple Store, and the Android version will be available during Q3 of 2018.

Current was created in 2016 with the goal of rewarding a person’s time, money spent and data shared during the media-streaming experience. By leveraging the global daily habit of media consumption, Current has created a consumer-friendly way to earn cryptocurrency that can be used immediately to reduce or eliminate the cost of premium subscriptions to popular content providers like Spotify, YouTube or SoundCloud. Current also rewards content creators and curators in an unprecedented and equitable way.

FacebookTwitterLinkedinRedditE-MailTelegram

Related News

After $36 million raised in private sale, Current to airdrop millions of tokens
Featured

Current launches token sale for ‘All-In-One’ media ecosystem

01/19/2018
Load More
Leave Comment

Where to Exchange

Bit2MeLeading Spanish Bitcoin ExchangeVisit
BL3P
European Bitcoin ExchangeVisit
ChangellyExchange & Buy 150+ CryptocurrenciesVisit
itBitAmerica's First Regulated Bitcoin ExchangeVisit
  • Trending
  • Latest
Glow programming language brings smart contract simplicity to Cardano

Glow programming language brings smart contract simplicity to Cardano

02/26/2021
ZelaaPayAE deploys Pundi X's merchant crypto payment solutions for UAE

ZelaaPayAE deploys Pundi X’s merchant crypto payment solutions for UAE

02/24/2021
Komodo's AtomicDEX stress test proves success as a scalability solution

Komodo’s AtomicDEX proves success as a scalability solution with stress test complete

02/26/2021
Tendermint invests in Tgrade to bolster Cosmos' growing DeFi ecosystem

Tendermint invests in Tgrade to bolster Cosmos’ growing DeFi ecosystem

02/24/2021
Lido teams with Unslashed to cover $200M worth of staked ether against slashing risks

Lido teams with Unslashed to cover $200M worth of staked ether against slashing risks

02/25/2021
Crypto platform NetCents to offer users access to DeFi protocols thru Vesto

Crypto platform NetCents to offer users access to DeFi protocols thru Vesto

02/27/2021
SmartKey to integrate with GeoDB to build the blockchain-based data ecosystem

SmartKey to integrate with GeoDB to develop blockchain-based data ecosystem

02/26/2021
This was avoidable – The lost Bitcoin fortunes

This was avoidable – The lost Bitcoin fortunes

02/26/2021
Bitcoin exchange Xcoins receives In-Principle Approval for Malta's VFA license

Bitcoin exchange Xcoins receives In-Principle Approval for Malta’s VFA license

02/26/2021
Token-based commodities DEX Mettalex launches on Binance Smart Chain and Ethereum

Token-based commodities DEX Mettalex launches on Binance Smart Chain and Ethereum

02/26/2021
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy


Go to mobile version