Current Media closed its private sale initial coin offering raising $36 million this past week. The company claims that it had signed up 250,000 people interested in the public ICO but management has since decided to skip the public sale and do a $4 million Airdrop of their CRNCt tokens. If you are interested, Current is accepting sign ups for the Airdrop until February 21st.
“The choice to cancel our public sale was a result of unforeseen and unprecedented demand – and it was a situation where there were no good choices. In the end, we made a decision that assured the largest amount of people possible received tokens, independent of their location or economic background.”
Early on in its formation, Current landed Mark Cuban as an investor – today he is listed as an advisor to the company (not clear if he picked up any tokens). Of course, having a famous shark backing your company does not hurt PR.
Current is a media platform that is service agnostic. The company wants to create a single location where you can consume all of your content while rewarding a person’s time, money spent and data shared with their token. Current says it 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.
You can visit the Current telegram channel here.
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