Describe the company – the elevator pitch
NewCurr is building a blockchain surrounded by a new protocol called proof of information which is built for data integration and Dapp creation. Our concept derives from the idea that people committing to the blockchain network should be compensated fairly and accurately. We are not only committed to block creation, but what we call block restoration.
How are you different?
Aside from proof of information, we’re building a payout system called “Tiered Ranking”. In this system, Architects (a variation of miners) are assigned roles in our blockchain network based on their computer power and their intervals of network commitment. We designed this system for payout equality within the network. With tiered ranking in place, we are able to spread value appropriately to our community, rather than creating congestion through standard mining practice. When we talk about network commitment, we not only refer to this as the level of trust and contribution to the overall network, but how could that specific user help with our blockchain in a way that supports the computer equipment that he/she currently has.
We answered this in a 1 through 5 level system (reflected in our tiered ranking), where those in level 1 earn minimal token, but have access to a low entry barrier for work committed, and level 5 being the most exclusive tier with the largest token payout, where the entry mark is extremely difficult to enter. This creates the ideal compromise where Pallas-Athena can bring on newcomers and incentivize them to join other members with extensive blockchain computing power.
Here is where it gets interesting! To maintain your rank in our tier, and prevent bad actors in the network, there’s a time interval where the level ranks restart back to one for all users, this mean maintaining elevated level requires constant computer checks in quick intervals so bad actors can’t create false identities or other scam attempts. This maintains equal payout while preventing bad actors, which we think is cool.
“MediaCurr And The Future Of News” by NewCurr Limited Company https://t.co/COyFTyI1hf #blockchain #TVNews #Media #cryptocurrencynews #crypto #cryptocurrency #NewCurr #MediaCurr #Tech #TechNews #blockchaintechnology
— NewCurr (@NewCurr) March 19, 2018
Most importantly, we believe transaction speed is fundamental in the network, but we think blockchain should be just as efficient going back in time as it is moving forward. Using our ranked tiers, we can automate jobs that not only focus on block creation, but we can incentivize members of other levels to commit to block restoration in past data collection through our payout. I highly suggest reading our whitepaper for more information on this.
In applying this system, we were focused on burgeoning apps that will or already have entered the crypto space. So, we have a lot of interest in finding great people with great apps that are searching for a better platform and assistance on their technology. We believe fostering the creation of apps for the blockchain network should be a standard practice, rather than the concern of how a cryptocurrency performs on the overall market.
Why will you do well?
When we first started developing our system, we felt it was imperative to prove that it could work practically. With that in mind we set out to partner and facilitate other apps created by great people as a showcase of how our technology will function. To date we’re now working with…
DebtMet- The worlds first Social Finance Network
MediaCurr- The worlds first TV News Network on a blockchain
Equicurrency- Building a revolutionary and proprietary POS system for blockchain
DataCurr- Building a state of the art trading sim and software licensing model
We are committed to decentralized apps. While the blockchain is a revolutionary technology, we feel that creating multiple use cases for a decentralized network is top priority. Cryptocurrency is important, but without great apps those coins will not be valued beyond market trading. Our in-depth development on apps is where we do some of our best work. We create apps on the network that anyone can use at any level of knowledge.
Where are you based?
We are currently based in Wyoming, USA.
When it comes to BLOCKCHAIN we think many people out there are pulling your chain. But NEWCURR BLOCKCHAIN TECH is worth reading about. We appreciate your thoughts! #NewCurr #blockchain #blockchaintechnology #cryptocurrency #Technology #TechNews #business https://t.co/iaBpUJB5Zp
— NewCurr (@NewCurr) March 19, 2018
When was the company launched?
In 2017, but we have been working on our platform and proof of information since 2015.
What have been your biggest wins to date?
We successfully filed a patent for a blockchain service called the “Social Finance Network”. We are also finalizing and filing our second patent for a POS blockchain system. Aside from the patents, we are in the process of creating a news service featuring Cryptocurrency and Blockchain News on European and Asian Satellites that reach 275 million viewers. This channel will coordinate with our MediaCurr App. With this partnership we will be the first live TV news network built on a blockchain with our in-house proof of information protocol.
Who are you trying to attract to your product?
We built our system so it could be compatible with any level of user, therefore we’re building products for a community. We believe the best communities (blockchain or in reality) are those that are more inclusive.
What tips would you give to others looking to build their business?
Building a business is a lot like a work of art. Great works of art take creativity, passion, patience and the ability to create some form of meaning. Work as many hours as you can, because that is the only way you will beat the crowd.
Tell us about your team?
Jonah Blake- Jonah is the original founder and Managing Member of NewCurr. He developed the proof of information protocol for the Pallas-Athena blockchain network and created the tiered ranking architect system. He is also the founder of DebtMet, a patented Social Finance Network being developed to help students pay off student debt.
Bob Blake- Bob is the original inventor and designer of the Real Estate MLS (multiple listing system). He has over 35 years of executive level experience, ranging from senior executive positions in housing development and large-scale holdings and operations. He is currently our Chairman and manages Oak Park Capital, a private equity company and The Blake Broadcasting Network which owns a series of news syndicate channels.
Tucker Snedeker- As an advisor/founder, Tucker brings extensive experience from his background in sales for VR, AR and 360 technologies at Nokia. He also brings sales experience as a former Director at Brightcove, where he serviced and provided strategic work on East and Midwest media accounts. He is also an entrepreneur that has invested in several tech startups, including one of the first cryptocurrency data platforms.
Rehan Fernando- Rehan is the CEO of EIGHT25MEDIA located in the San Francisco Bay Area. Eight25 Media is one of the top-rated web design firms in the United States. The company has grown by 100% year on year for the past 5 years to over 75+ employees. They have Developed and Implemented Online Strategies for over 500+ Clients, from Start Ups to Enterprises. Rehan specializes in Product Management, UI/UX for Web and Mobile Applications, Web Application Development and Project Management.
Russell Smith- Russell Smith, Owner and President of RSBC Inc., has more than 35 years of multi industry experience (primarily in executive level positions) in both accounting and business operations. His experience includes private and publicly held companies ranging in size from start-ups to $150 million. He provides a professional yet personal approach towards business always looking at the big picture and not just debits and credits. In addition to being a key advisor to senior management on strategic business issues, Russell has a successful track record helping start-ups to grow revenue rapidly and in turning around many types of companies to help them achieve profitability. Russell Smith also serves as the Treasurer of the Board of Directors for a Los Angeles non-profit counseling center.
Simon Cocking- Simon is Senior Editor at Irish Tech News, Editor in Chief at CryptoCoinNews, and freelances for SundayBusiness Post, Irish Times, Southern Star, IBM, G+D, and others. He is a top ranked member of the ‘People of Blockchain’ (currently ranked at #1 / 1000). He is also a business mentor and advisor working with 95+ successful ICOs to date.
What are your plans for the future?
NewCurr is a long-term initiative, our primary objective is to partner with great apps, as well as create in house platforms, so that our blockchain community sees consistent value from our utility token, Pallas.
What are your favorite tech gadgets?
We’re a huge fan of anything virtual reality and augmented technology related. We will see this technology blossom within the next decade.
What tech gadgets do you wish you could use to help you?
I think as a team at NewCurr, we’re more concerned about technologies and applications that could help the rest of the community more so than ourselves. We collectively believe that a properly implemented economic system, such as a blockchain, can influence many tech projects in a positive way.
Anything else you’d like to add/we should have asked?
Initially we are not offering any tokens to the public for sale. We are only accepting interest from approved accredited investors and we are entering into SAFT contracts based upon a private placement memorandum; which are featured on our site. We are working on building a valuable and serious long-term business and we only want long term and serious investors at this stage of our growth.