Current — the future incentivizing blockchain streaming media

This is a repost from my medium (since they no longer support ico / bounty campaign) blog dated February 9, 2018.

According to business dictionary, streaming media is multimedia (audio and video) files that start to play in a steady and continuous flow, almost immediately upon their downloading. In contrast, an ordinary audio/video file must be downloaded, and decompressed and saved, in its entirety before it can be played. Streaming occurs at the client (user) end where a program (usually a plug in) such as ‘RealAudio’ or ‘CU See Me’ decompresses the incoming compressed file while it is being downloaded, and sends it to the application (usually a browser) for conversion into sound and/or video.

Type 1: Audio

As of 2016, the recording industry’s global revenues for 2016 came from a number of revenue streams:

Source: http://ifpi.org/facts-and-stats.php

In 2016, the global recorded music market grew by 5.9%, the fastest rate of growth since IFPI began tracking the market in 1997. This was a second consecutive year of global growth for the industry, with revenue increasing in the vast majority of markets, including nine of the top ten. This growth, however, should be viewed in the context of the industry losing nearly 40% of its revenues in the preceding 15 years. Streaming has been the clear driver of this growth, with revenues surging by 60.4%. With more than 100 million users of paid subscriptions globally, streaming has passed a crucial milestone. It makes up the majority of digital revenue, which, in turn, now accounts for 50% of total recorded music revenues.

However, despite the increase in digital revenues, higher performance rights , this was offset by the physical format sales. That still lead to lower global 2016 recorded music industry revenues to 15.7B, slightly better than 14.8B revenues recorded in 2015. But still lower than the 23.8B revenues in 1999. Please see chart below.

The thing about music is the changing preference of the customers, mostly millennials and generation Z are inclined to digital age, that keeps the revenues continues rise since 2004. However, I should also considers, that customers now, want it “free if possible”.

Type 2: Video Streaming

Revenue in the “Video Streaming (SVoD)” segment amounts to US$14,042m in 2018 to about US$18, 653m in 2022.

Revenue in million US $ from statistica

In the “Video Streaming (SVoD)” segment, the number of users is expected to continuously move higher to about 410.8m by 2022.

The average revenue per user (ARPU) in the “Video Streaming (SVoD)” segment also amounts to US$49.68 in 2018, US$48.42 in 2019, US$47.33 in 2020, US$46.34 in 2021, US$45.40 in 2022.

To capture this increasing digital revenues specifically streaming revenues ( music and video), here come’s Current, the future incentivizing blockchain streaming media.

Important information about crowdsale:
Symbol: CRNC
Total supply: 1,000,000,000 CRNC

Accepted payments: ETH, BTC, NEO
Public Pre-sale: February 7, 2018 (12:00AM CT) — February 21, 2018 (11:59AMCT)
Main sale: 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
Minimum transaction: 0.03ETH
Soft cap: $5,000,000
Hard cap: $36,000,000

For other details please visit: https://tokensale.current.us/index.html

Stay inform. Follow/subscribe to growing streaming community below:

Official website: https://tokensale.current.us/index.html
Whitepaper: https://cdn.current.us/whitepaper.pdf
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=2829644.
Bounty thread: https://bitcointalk.org/index.php?topic=2831598.

Official channels at social media:
Facebook: https://www.facebook.com/CurrentCRNC/
Twitter: https://twitter.com/Current_CRNC
Linkedin: https://www.linkedin.com/company/nativ-mobile/
Medium: https://medium.com/current-crnc
Reddit: https://www.reddit.com/r/CurrentCRNC/
Instagram: https://www.instagram.com/current.us/
Youtube: https://www.youtube.com/channel/UCgb5W27G00rZCdzTKjd_kpw/featured
Github: https://github.com/CurrentMediaNetwork
Telegram: https://t.me/CurrentCRNC

Happy Investing!

Disclaimer: I am writing this with a possibility of receiving rewards from doing so. And I only express my own opinions, views, insights and research. Risk is always part of any investment vehicle. So I advised that you should also do your part to understand it before investing and always managed the risk involve in order to maximize your returns.

Acknowledgement: I’m very thankful to the Lord for all the blessings and challenges he has given me. I would also like to thank my family, friends, critics, fellow investors at all other people who help me finish this project.

Sources: Current, Business Dictionary, ipfi.org, Statistica

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Comments and suggestions are also welcome.