The CRNC Token-Weekly Update #9🗞🌎
For this week’s update, we first want to tell you how excited we are to launch $CRNC to the world. Let’s talk about the importance of transparency in this ever-evolving space and what Current is doing to ensure we meet those standards.
The reality is our industry hasn’t received a ton of guidance from regulators and traditional financial institutions, especially when it comes to unique platforms like Current. As a result, the crypto space — which was already starting from scratch — essentially made things up as it went along (and in the process gave us some of the most exciting innovations of our generation). However, industry leadership has a responsibility to look out for their communities, and we’re pleased to announce we’ve taken proactive steps towards doing just that.
A common thread amongst Current’s founding team has always involved responsible growth and thought leadership — not only doing right by users and stakeholders but enabling others to do the same. While this project has drawn the team into the digital currency space full-time and the industry is new, their philosophy hasn’t changed. We quickly realized the digital token space was riddled with ambiguity. Ambiguous actors, ambiguous business models — and most importantly — vague regulations.
But we always sought to do things differently from the start, ensuring the Current platform was transparent after our highly publicized token sale. As the community continues to grow and evolve, so does the industry and its need for guidance. Current’s leadership is committed to working with regulators, trade associations, and the community to help shape the future of governance in the space. Until then, we’re determined to anticipate and self-regulate under guidelines that foster innovation while protecting our users and backers.
So let’s talk about a few of our philosophies shaping what we’re doing and why we’re doing it.
The bottom line is digital tokens are the inevitable future of transacting. We’re obviously huge fans of the movement, but even if you aren’t, the reality is there is no going back. Both Wall Street and Main Street are being reimagined by digital technology for higher speed, efficiency, and accessibility because their end-product –- the movement of assets –- is fundamentally digital. The era of efficiently raising capital, monetizing digital platforms, and eventually transacting on a daily basis, is upon us.
Now with that said, no industry is above regulation. Current believes the right regulations create jobs, are wanted by good actors in any given space, advance innovation and are necessary to protect us. No industry is above prudent governance, including digital tokens.
That’s why Current is proactively taking steps to protect everyone who is trusting us. Until the crypto space receives clear guidance, Current is self-regulating. We’ve already implemented industry-defining security practices, accept funds only from qualified backers. Provide a compliant method to distribute and for backers to trade CRNC tokens, and communicate frequently and transparently with our community, demonstrating a clear intention to do right by our users and the larger cryptocurrency ecosystem.
Because regulation is necessary for the digital token space to thrive in the long run , Current is working directly with regulators to responsibly shape the future of token sales. We’re connecting with decision-makers to establish an open line of communication, serve as a sounding board for their ideas, and share our own insights.
For those in the community who are interested in the details, stay tuned! In a few weeks, we will share the exact guidelines under which we are operating right here.
Cheers,
-The Team at Current
Please read important legal disclaimer: No money or other consideration is being solicited by this communique, and if sent in response, will not be accepted. Our discussion may contain forward-looking statements that are based on our beliefs and assumptions and on information currently available to management. In some cases, you can identify forward-looking statements by the following words: “may,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “anticipate,” “is designed to,” “believe,” “estimate,” “predict,” “project,” “potential,” “continue,” “ongoing,” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words.
These statements involve risks, uncertainties, assumptions and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from the information expressed or implied by these forward-looking statements. Although we believe that we have a reasonable basis for each such forward-looking statement, we caution you that these statements are based on a combination of facts and factors currently known by us and our projections of the future, about which we cannot be certain. Forward-looking statements include, but are not limited to, statements about: developing and designing the Current network, including the $CRNC token and its future utility; the anticipated development and growth of the Current network; maintaining and expanding our base of users; our anticipated growth and growth strategies and our ability to effectively manage that growth and effect these strategies; our expectations regarding regulatory developments and their effect on the Current network, including the ability of applications on our network to develop a user base and a successful business model; and potential future listings on an exchange or ATS. We cannot assure you that the forward-looking statements will prove to be accurate. Furthermore, if the forward-looking statements prove to be inaccurate, the inaccuracy may be material. In light of the significant uncertainties in these forward-looking statements, you should not regard these statements as a representation or warranty by us or any other person that we will achieve our objectives and plans in any specified time frame, or at all. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
