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What Is ritestream (RITE)?

July 6, 2024
Altcoins
3 min

Ritestream was launched with a mission to democratize the creator economy for Film and Television. The platform focuses on four key areas:

  1. Streaming: A decentralized destination for community-curated entertainment.
  2. Cryptoknights: Web3 Reality TV.
  3. Metaverse: Ritestream-managed cinemas.
  4. Launchpad: Film and TV crowdfunding on the blockchain.

How Many $RITE Tokens Are There in Circulation?

The RITE token launched its main net on March 24, 2022, with a total supply of 1 billion RITE tokens created at genesis. The token distribution follows a vesting schedule, which can be found here.

Who Are the Founders of ritestream $RITE?

Riaz Mehta, Founder

Riaz Mehta is the founder of Ritestream. He is an International Emmy Award nominee and has sold shows to over 50 countries. His extensive experience in the entertainment industry positions him well to lead Ritestream.

Damian Miles, Co-Founder

Damian Miles is a serial entrepreneur with 25 years of experience in broadcast media. He has founded several tech startups in the Film and TV industry, bringing a wealth of knowledge and expertise to the Ritestream team.

Where Can You Buy $RITE?

$RITE is available on several exchanges, including:

Additionally, you can purchase $RITE directly using FIAT through BANXA.

$RITE Token Utility

$RITE is the native utility token used for various purposes within the Ritestream ecosystem:

  • Streaming subscriptions: Users can subscribe to streaming services using $RITE.
  • Revenue to content creators: Content creators are rewarded with $RITE tokens.
  • NFTs: The token is used for creating and buying NFTs within the platform.

Contracts and Audit Reports

Ritestream ensures transparency and security through detailed contracts and audit reports. You can find the relevant information below:

Contracts on opBNB Testnet

Ritestream also operates on the opBNB Testnet. You can find the contracts below:

Token Market Data

Here are some key statistics about the RITE token:

  • Current Price: $0.0317
  • Market Cap: $4,801,280.08
  • 24h Price Change: -6.90%
  • 7d Price Change: -14.09%
  • 30d Price Change: -20.58%
  • 24h High: $0.0341
  • 24h Low: $0.0314
  • All-Time High: $0.0778 (2024-01-30T12:49:00.000Z)
  • All-Time Low: $0.0004 (2024-01-11T07:44:00.000Z)
  • Circulating Supply: 151,634,843.00
  • Total Supply: 1,000,000,000.00

The Purpose and Utility of the Ritestream Crypto Token

The Ritestream (RITE) crypto token serves multiple purposes within the Ritestream ecosystem, which is designed for the creation, monetization, and consumption of film and TV content in Web3. The token's utility includes creating and buying NFTs, incentivizing high-quality projects, and rewarding viewers for their engagement.

Solving Industry Challenges

The Ritestream token aims to address the challenge of creating intrinsic value and utility in the blockchain, particularly in the context of the creator economy for Film and Television. By using utility tokens, Ritestream provides a means of incentivizing high-quality projects, facilitating transactions and exchanges within the platform, and fostering a more engaged and participatory community.

Token Functions

The RITE token

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Ritestream was launched with a mission to democratize the creator economy for Film and Television. The platform focuses on four key areas:

  1. Streaming: A decentralized destination for community-curated entertainment.
  2. Cryptoknights: Web3 Reality TV.
  3. Metaverse: Ritestream-managed cinemas.
  4. Launchpad: Film and TV crowdfunding on the blockchain.

How Many $RITE Tokens Are There in Circulation?

The RITE token launched its main net on March 24, 2022, with a total supply of 1 billion RITE tokens created at genesis. The token distribution follows a vesting schedule, which can be found here.

Who Are the Founders of ritestream $RITE?

Riaz Mehta, Founder

Riaz Mehta is the founder of Ritestream. He is an International Emmy Award nominee and has sold shows to over 50 countries. His extensive experience in the entertainment industry positions him well to lead Ritestream.

Damian Miles, Co-Founder

Damian Miles is a serial entrepreneur with 25 years of experience in broadcast media. He has founded several tech startups in the Film and TV industry, bringing a wealth of knowledge and expertise to the Ritestream team.

Where Can You Buy $RITE?

$RITE is available on several exchanges, including:

Additionally, you can purchase $RITE directly using FIAT through BANXA.

$RITE Token Utility

$RITE is the native utility token used for various purposes within the Ritestream ecosystem:

  • Streaming subscriptions: Users can subscribe to streaming services using $RITE.
  • Revenue to content creators: Content creators are rewarded with $RITE tokens.
  • NFTs: The token is used for creating and buying NFTs within the platform.

Contracts and Audit Reports

Ritestream ensures transparency and security through detailed contracts and audit reports. You can find the relevant information below:

Contracts on opBNB Testnet

Ritestream also operates on the opBNB Testnet. You can find the contracts below:

Token Market Data

Here are some key statistics about the RITE token:

  • Current Price: $0.0317
  • Market Cap: $4,801,280.08
  • 24h Price Change: -6.90%
  • 7d Price Change: -14.09%
  • 30d Price Change: -20.58%
  • 24h High: $0.0341
  • 24h Low: $0.0314
  • All-Time High: $0.0778 (2024-01-30T12:49:00.000Z)
  • All-Time Low: $0.0004 (2024-01-11T07:44:00.000Z)
  • Circulating Supply: 151,634,843.00
  • Total Supply: 1,000,000,000.00

The Purpose and Utility of the Ritestream Crypto Token

The Ritestream (RITE) crypto token serves multiple purposes within the Ritestream ecosystem, which is designed for the creation, monetization, and consumption of film and TV content in Web3. The token's utility includes creating and buying NFTs, incentivizing high-quality projects, and rewarding viewers for their engagement.

Solving Industry Challenges

The Ritestream token aims to address the challenge of creating intrinsic value and utility in the blockchain, particularly in the context of the creator economy for Film and Television. By using utility tokens, Ritestream provides a means of incentivizing high-quality projects, facilitating transactions and exchanges within the platform, and fostering a more engaged and participatory community.

Token Functions

The RITE token

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