Ritestream IDO Launching on Oxbull!
TL;DR
To buy Ritestream, a curated filmverse built for the Web3 with a platform for funding, monetizing & distributing film content
1. Stake OXB before 5th March 2022, 0001 UTC.
2. head over to the BSC pool page to buy on the 7th March 2022, 1630UTC onwards.
For full details, read on:
Producers of film and tv projects are no strangers when it comes to the tremendous efforts and hurdles when it comes to successfully financing a project. From the daunting task of pitching to TV networks, investors and seeking sponsors will seem like an never ending uphill battle. As relationships also carry a significant role in opening doors, this is also why thousands of other great ideas may never make it to the big screen in the end.
This way didn’t sit very well with the fully Doxxed team behind Ritestream. Coming from a great pool of experience in the Media, tech and entertainment industry, the team set out to address this problem by creating a B2B marketplace where content could be monetized with eased using technology. With the current Blockchain and NFT landscape, content libraries can have a much further reach, be monetized in more geographies, and find their ways to a global audience with more transparency and efficiency.
With a new age of global streaming service, Ritestream aims to leveraging on the Ritestream launchpad as a platform for funding, monetizing and distributing film & tv content using blockchain technology and NFTs. With that, film and television projects from independent filmmakers will now be funded by the community, which can help break the current monopoly held by film studios and television networks.
For further details on the project and gameplay, read the whitepaper here.
WATCH-TO-EARN, Utility and Tokenomics
The $RITE Tokens represent ownership of interest in any of the films or tv shows being produced on Ritesteam. $RITE can also be purchased on the marketplace and used as currency. And the best thing about it, is it’s WATCH-TO-EARN model where tokens can be earned by simply by watching content, which can subsequently be used to watch more content, or invest in projects being produced on the platform itself!
In addition to the above, $RITE can also be used for:
- NFT Creation
- Buying fraction ownership of NFT’s
- Tokens to incentives high caliber NFT projects
- View to Earn Tokens
- Pay to watch
- Royalties from Fractional NFT Ownership
- Streaming Partner Rewards
- Streaming Partner Staking
- Marketing and Partnerships
- Customer Referral Program
Total $RITE Supply: 1,000,000,000
- Seed Sale: 5%, 2.5% to be released during Token Generation, followed by one month lock and linear daily vesting over 16 months subsequently
- Private Sale: 4.5%, 5% to be released during Token Generation, followed by linear daily vesting over 12 months subsequently
- Public Sale: 1.5%, 25% to be released during Token Generation, followed by linear daily vesting over the 3 months subsequently
- Team: 15%, Locked for 6 months
- Liquidity: 5%
- Partnership and Early supporters: 7%, Locked for 5 months
- Advisors: 6%, Locked for 5.5 months
- Marketing and View to Earn rewards: 20%
- Treasury: 20%
- Community and staking rewards: 16%
Private Price: $0.03
IDO Price: $0.04
Listing Price: $0.04Listing date is currently being planned for the 10th March 2022 with an estimated initial market cap of $315,000
Participating in the IDO
To find out more about how to participate in the IDO on the day itself, read here. Using the Smart Staking approach to Oxbull.Tech’s IDO model, The IDO details as follows:
Tier-1 and 2 Qualifying Deadline: Hold OXB by 5th March, 0001UTC
Tier-1 Contribution: 7th March 2022
Tier-2 and 3 Contribution: 8th March 2022
Tier-3 Gleam Link: To Be Released
Contribution opens here:https://www.oxbull.tech/#/presale
About Ritesteam
Ritestream is a global marketplace and launchpad for the creation, monetization and distribution of film & television content, Ritestream’s vision is to empower creators from ideation to global distribution. With a decentralized NFT market for film and Television, ritestream will drive efficiency and cost savings for broadcasters, and enable access to personalized content choice for viewers.
About OxBull
OxBull is the launchpad and startup incubator developed by a group of talented and avant-garde tech enthusiasts, and was launched in February 2021. OXB is the governance token of the OxBull infrastructure. At its core, OxBull isn’t simply a token, it is an entire ecosystem designed to provide hope and help for startups to secure credible funding to launch their campaigns in the most effective and streamlined manner possible.
📰 INFO
https://oxbull.medium.com/oxb-streaming-right-with-ritestream-825d4ec26dad
