The token distribution initially scheduled for today, Friday, August 24th, is postponed, along with the commencement of the Airdrop process with Coinlist. We understand the road to token distribution has been a long one with several delays and the entire Current team appreciates your continued patience and support. We know this comes as a disappointment to many of those in our community, but we’ve decided to delay based on the recommendation from legal counsel.

Current has followed a slow and measured approach with each phase of development and distribution, and we’re confident this practice, while not fast, is in the best interest of protecting our contributors, future token holders, company, and team.

When operating in an industry where regulatory guidance is ambiguous at best, and one that’s unfortunately rife with fraud, it’s critical that company abide by the highest of standards, and self-regulate until regulations are clearly defined. For an in-depth look at how Current is approaching regulation and consumer protection, please refer to our recently published Medium post.

Before making this decision in collaboration with the advice from our counsel, we saw a unique opportunity to take a proactive approach and open up a dialogue with key regulatory representatives in the United States — conversations we feel are more effective before distribution rather than after.

Simply put, we feel like we have a lot to prove, and want a seat at the table while these regulations develop. Our perspective is that brief delays in distribution now will lessen the opportunity for severe issues in the future.

From a technical perspective, we are prepared to conduct token distribution successfully. Our smart contracts have gone through a final audit by three different third-parties and given a 100% passing score. For more detail, we’ve recently made our GitHub repository with the smart contract & auditors report publicly available.

We apologize for the further delay, but by taking these steps with a well thought out approach, we’re ensuring that we’re protecting the interests of everyone involved. We still intend to publicly launch Current on Android next week along with doubling the number of daily invites sent out for earning with Current protocol on iOS.

Thank you for your patience as we go through this process, we remain committed to keeping you informed.

The Team @ Current