cXc Launches 🟣 Purple, a Co-Creative Economy on WAX Blockchain
Tags: blockchain, wax, purple, dapp
Published: 2021-04-17 11:45:45


> Purple’s tokenomics unveil revolutionary mechanics geared towards rewarding creators for creating, and generating local Top Charts. 



Today Current X Change LLC (**cXc**) released **Purple**, a blockchain-based multi-token economy with a stated purpose to empower cocreation. 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 “**Up**” (short for upvote) content which other creators have posted to cXc.world, cXc’s map-based dapp (decentralized application).

After receiving an Up on their content, the creator is rewarded with another token, one **[BLUX](https://wax.alcor.exchange/trade/blux-bluxbluxblux_wax-eosio.token)**. 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](https://wax.alcor.exchange/trade/purple-purplepurple_wax-eosio.token)**, which is rewarded daily to creators who make it into the Top 64 by getting the most Ups. 


![Top 64 Blockchain Music Charts with PURPLE Rewards](https://dev-to-uploads.s3.amazonaws.com/uploads/articles/ikui8xscemxcakb5htl2.png)

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. 

**PURPLE**’s functionality lies in it’s ability to be staked for the owner’s 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 “time machine”. Local charts are generated by the dapp for every Nation in the world, and in the United States for every State, County, and City. 


![cXc.world Geotemporal music Charts in France](https://dev-to-uploads.s3.amazonaws.com/uploads/articles/z2vj1h1nzlti5sn2c5gk.png)


Starting next release (Beta), Purple will work on cXc’s flagship application, cXc Music. In the future, cXc will release other media mapping applications like cXc Scribe, cXc Art, cXc Video, and more. 

## Purple’s designer Douglas Butner had this to say

> “What’s even more exciting than launching Purple is to know that this is just the beginning. As a musician, I’m stoked to launch Purple on cXc Music because I’ve 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.“

**PURPLE** token is now available for purchase on **[Alcor Exchange](https://wax.alcor.exchange/trade/purple-purplepurple_wax-eosio.token)** 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](https://wax.alcor.exchange/trade/blux-bluxbluxblux_wax-eosio.token)** and **[PURPLE](https://wax.alcor.exchange/trade/purple-purplepurple_wax-eosio.token)** 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](https://github.com/currentxchange/purple-explainer). 

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## 💥 FIND OUT MORE ABOUT cXc 💥
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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. 

## 👁️ Step into our [vision](https://currentxchange.com/vision)

## 🎥  [Add Music to cXc.world](https://www.youtube.com/watch?v=7NCaG2ZPHOQ)

## 💸 Get to know our [Economy](https://github.com/currentxchange/purple-explainer)

## 🛣️ [Roadmap](https://github.com/currentxchange/purple-explainer/blob/master/Roadmap.md)


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### Trade 🟣 [PURPLE/WAX](https://wax.alcor.exchange/trade/PURPLE-purplepurple_WAX-eosio.token) ~~ 🔵 [BLUx/WAX](https://wax.alcor.exchange/trade/BLUX-bluxbluxblux_WAX-eosio.token)

Get a quick overview of these tokens in our **[Economic Brief](https://github.com/currentxchange/purple-explainer/blob/master/Economic-Brief.md)**