Today Current X Change LLC (cXc) released Purple, a blockchain-based multi-token economy with a stated purpose to empower cocreation. The first 3,190 PURPLE tokens will be listed for sale today, April 17th. This cocreation system works by providing each participant with up to 288 tokens, called SOL, per day for free. Participants then use 1 SOL to βUpβ (short for upvote) content which other creators have posted to cXc.world, cXcβs map-based dapp (decentralized application).
After receiving an Up on their content, the creator is rewarded with another token, one BLUX. One BLUX can be spent to give an Up like one SOL, helping content get exposure by appearing larger on cXc.world, and also showing up on the Top charts.
Top charts contain the final piece of the economy, PURPLE, which is rewarded daily to creators who make it into the Top 64 by getting the most Ups.
While supplies of BLUX and SOL are both inflating each day, and deflating as they are spent on Ups, PURPLE has a Max Supply of 35,831,808 tokens, 1/3 of which are reserved in a Creators Fund that is used to reward the Top 64 Creators for years to come.
PURPLEβs functionality lies in itβs ability to be staked for the ownerβs choice of one daily Up on any piece of content or one BLUX token paid daily to their account. One staked PURPLE activates 1 Up or BLUX per day, but if you stake multiple PURPLE, you can get a much better rate, up to 6.75 Ups or BLUX per day for each PURPLE at 64 Purple staked.
Daily Ups are valuable because cXc.world only shows content that has received Ups that day, though viewers can also choose to see monthly trends, or any other time span in the βtime machineβ. Local charts are generated by the dapp for every Nation in the world, and in the United States for every State, County, and City.
Starting next release (Beta), Purple will work on cXcβs flagship application, cXc Music. In the future, cXc will release other media mapping applications like cXc Scribe, cXc Art, cXc Video, and more.
Purpleβs designer Douglas Butner had this to say
βWhatβs even more exciting than launching Purple is to know that this is just the beginning. As a musician, Iβm stoked to launch Purple on cXc Music because Iβve seen great music go unnoticed my whole life, including from my good friends. Looking forward and imagining this system not only helping musicians, but all kinds of creators goes beyond my wildest imagination.β
PURPLE token is now available for purchase on Alcor Exchange at the starting price of 20 WAX / PURPLE, though only 3,190 PURPLE will be listed at this price. A maximum of 1/12 max supply of PURPLE will ever be offered, always in small batches that go up in price each listing. The other tradable token, BLUX, will never be sold directly by cXc; it can only be earned on cXc.world and through staking PURPLE. BLUX and PURPLE are both available to trade and swap in DeFi pools on Alcor Exchange.
More information about the Purple economy can be found in the Purple Explainer.
π₯ FIND OUT MORE ABOUT cXc π₯
Current X Change is dedicated to harmonizing Humans, Collectives, and Gaia. Our media Mapps are just the start. As we refine Purple, we also seek to redefine what it means to come together as humans and co-create. We hope you'll enjoy the tools already here, and are infinitely stoked for what the future holds.
πΊοΈ Experience cXc.world π
ποΈ Step into our vision
π₯ Add Music to cXc.world
πΈ Get to know our Economy
π£οΈ Roadmap
π°BUY & TRADE Purple TOKENS (PURPLE, BLUx) π
π£ PURPLE/WAX ~~ π΅ BLUx/WAX ~~ π£π΅ PURPLE/BLUx
Get specifics about these tokens in our Economic Brief
π OFFICIAL cXc MERCH ποΈ
π Shop cXc High-fashion (Made in π¨π¦)
π΄ cXc Stickers, shirts + More on Redbubble
Follow cXc on Social Media π±π
π Discord Musician Community (Collab channels + more)
π Wavvy Music Accolades (NFT Music Awards)
π°π€ Swaps (Instant Liquidity) π‘π£ WAX/PURPLE ~~ π‘π΅ WAX/BLUx
What are BLUx and PURPLE? Find out in our Purple Explainer
Normally I stick to crypto content, but while looking at the Hive ecosystem I encountered cXc Music and I was trying to understand what it does. I think I could say "it's like Spotify," but I don't want to promote Web 2.0 tools.
If I needed to make an elevator pitch about cXc Music, would this be more or less correct:
I just want to be sure I know what I'm talking about if I ever write about the wide variety of dApps available on Hive which can replace the Web 2.0 apps and services.
It's too late for me to upvote this post, so please accept this slice of !PIZZA instead.
@currentxchange! I sent you a slice of $PIZZA on behalf of @magnacarta.
Learn more about $PIZZA Token at hive.pizza (1/10)
anything on alcor should be promotee by hive
we need to get a PHIVE on eos telos and get XHIVE on proton and we should have as much connections as possiboe between hive engine and @alcorexchange reember alcor is the ONLY real dex on eos telos wax or proton and alfors creatoe @avral hes a golos.id witness!!! (golos id being fork of golos io a fork of steem like hive)
were all connected
and yeah the cxc project itself is a big suprise to me theres ao few real dapps in eos telos wax etc and even gewer that connect hive to antelope
Do you want to get involved? Do you want to support music and this project? Follow us to keep you updated and read our Introduction post!
As promised, we added all WAX earned pre-listing to Alcor Swap
wow you got upvotes from @ocdb and @blocktrades
inwish they knew i work closelsy with alcor and its dev @avral and would help me and ny @alcorexchange posts
#alcor #alcorexchange is the most important thing in all of eos/antelope
https://t.me/alcorexchange https://t.me/alcortokenschat
also your cxc world haj first of all what a cool project 2nd of all i feel bad for just finding this post while looking for alcor logo on google images 3. your post is one of the few eosio/antelope projects
what a cool music projrct with the map its like @challengedac
lets get more conndctions between hive and alcor which avral had for me when we hsd buttons on sand kanda snd weedvash and ddate for deposot and withdraw from alcor to steem and hive engine
wow hah i remember meddaging you on televram and i thought you were in cxc as in ice poseidon lol
amaazing