Ritestream (RITE)

IDO

Last updated: Feb 15, 2022

Ritestream is the platform for the creation and monetization of film and TV Cinematic NFTs created by allrites.

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Overview

Project industry	Media / BNB Chain Ecosystem / NFT
Project launchpad	Enjinstarter Launchpad
Product type	Platform
Founded	Singapore
Whitepaper	Open

Bounty

What is Ritestream

Ritestream consists of Launchpad for Film/TV content, a marketplace for Film/TV NFT’s and a consumer app for viewing content and earning RITE Coins.

Ritestream’s vision is to democratise the creator economy can generate revenues in the metaverse and via NFT’s for creators and the community.

The crypto token ritecoin, which is issued off a blockchain, is the heart and soul of ritestream’s digital creator economy.

Blockchain-based NFTs provide digital rights and provable authenticity.

The reasons for building a Film and Television network using blockchain technology include:

Secure, peer-to-peer transactions
Proof of authenticity in an immutable digital record
Fast global payments in real time
Transparency in digital rights and ownership
Enables micro licensing
Creates global crowdfunding mechanisms

Details

IDO (Enjinstarter Launchpad): Mar 06, 2022 - Mar 07, 2022
Pre-sale token supply: 95,000,000 RITE
Token supply: 1,000,000,000 RITE
Total tokens for sale: 105,000,000 RITE
Raised: 2,400,000 USD

Legal

Blockchain Platform: Binance Smart Chain
Registration country: Singapore
Registration year: 2021

Office address: 46 Kim Yam Road, #01-06/07 Singapore, Singapore 239351

Token info

Ticker: RITE
Type: Utility-token
Token price in USD: 1 RITE = 0,04 USD
Accepted currencies: BUSD
Token distribution:
5% - Private sale
1% - Public sale
15% - Team
5% - Liquidity
7,5% - Partnership & Early supporters
6% - Advisors
20% - Viev to Earn & marketing
20% - Treasury
16% - Community+ staking
4,5% - Seed sale
Funds allocation:
16% - Bussines development
16% - Operations
13% - Content Acquisition
13% - Marketing
34% - Tech
8% - Foundraise costs