Our next question is, what is the relationship between CRNC and CRNT?

CRNT is the credit system that we currently have in our app. When you’re consuming content on Current, what you’re earning is the credits known as CRNT. Right now, you can convert those credits for our offline service, along with soon-to-be premium memberships to services like Netflix and Hulu and a variety of others. The next pass, once we distribute tokens, is to convert those CRNT credits into CRNC, the tokens that were sold during the token sale. CRNT cannot be traded. It’s just a credit system. One of our future plans that will be outlined in our next post is for other platforms to integrate Current’s protocol. The idea here is if we integrated with XYZ platform, say Spotify or something of that nature, within Spotify, you would earn whatever their credits would be for Spotify as opposed to CRNC. Most platforms probably wouldn’t want to, in our opinion, integrate with a third-party coin that you earn when you’re consuming.

So this was a part of not only creating a larger opportunity for Current protocol, but also thinking through what the future integrations would look like and being able to associate what the dollar value is for different consumption and data within the system for what dollar values may be that we’d be getting from advertisers or other merchant partners. So to give you an idea, we believe that, on average, users, if they consume anywhere between 20 to 30 hours a month … That’s what we find that most people consume in music. They could earn anywhere from 100 to 200 bucks a year. Over time, that would go higher, as we have more monetization opportunities and integrations brought into the overall ecosystem. So that’s basically the model that we’re trying to prove out with Current protocol within the Current platform first. Then, once we can prove out that, the idea is to have other platforms integrate with that. So we’re going to dive into that a little bit more on the next post, and you’ll have a better understanding of how we see success in the future from that, as well.