ritestream AMA 26/10/23 Summary
New streaming APP and subscribers. You subscribe and stake your $RITE with 50% APY.
- You can share your referral code on social media for rewards.
- To add new content over the coming weeks.
- To open up to independent content creators, 30% of the total subscription revenue to the content owners is based on the percentage of their total plays in the platform. It is with smart contracts, so it’s transparent and automated. So creators can get more subscribers and boost their content with ritestream. They have absolute direct control of their success.
- To decentralize the next part, which is how content creditors add content to the platform. So, token holders will have the opportunity to vote on what content makes it into the ritestream debt. The community will have a lot of involvement in what titles will be on the platform.
- Crypto Knights Launchpad before the end of the year, and the first TV show will be ritestream original. I will be an excellent example of how to raise funds for a TV show in web3 successfully. It is a groundbreaking community interactive reality TV series set in a sci-fi fantasy feature where visionaries who are looking to bring their blockchain-based ideas to life and they’ll have a unique opportunity to secure funding. Mentoring and Launchpad to success by pitching their concepts to a panel of established successful entrepreneurs in the web3 realm. There are already four knights selected, and their names will be revealed soon, and they are more than just judges. They will benefit from sponsorship, revenues, tokens, and exclusive access, and they’ll be voting mechanics around that as well. The premiere dates will be in line with the Bitcoin halving.
- Galxe & taskOn campaigns. 30.000 new people into the community.
- Liquidity on PancakeSwap V3.
https://pancakeswap.finance/swap?outputCurrency=0x0F5D54b27bDb556823F96f2536496550f8816dC5
- Rite chats every Wednesday at 4 pm UTC on Telegram. https://t.me/ritestream To discuss news, have fun, share memes, laugh, and get to know each other.
Community questions:
11:55 What is the main focus of Ritestream’s streaming platform, and how does it differ from traditional streaming services?
People subscribe to the platform using a $RITE token, and the content owners that have their content on the platform get paid a percentage of its success. It’s decentralized, and it’s in the hands of the community to make that a success or not. It’s unfair that a TV show that brought so much success to Netflix doesn’t get a larger piece of the pie.
13:30 I would like to know what is behind the authenticity of the authors on your platform and what steps to follow to become a verified creator.
Our content is vetted as we are deeply rooted in the content distribution business. People come to us, they will show us the content, and we will decide if it suits the platform. There will be things that will be required, and it’s got to be a blue chip to meet specific criteria.
14:35 According to the roadmap, what are your most critical following priorities?
Launchpad Crypto Knights because that proves the funding model that we are trying to build with ritestream, which will be launched at the end of the year.
16:11 How does Ritestream’s utilization of blockchain technology and NFTs change the traditional content creation and distribution system, and what benefits does this bring to content creators?
The utilization of blockchain is because of trustlessness. The traditional content distribution space distributors would sell content and need to be more transparent with how much money they’ve made. If it is under blockchain, it is transparent. That is the main benefit. Content creators get paid fairly for their work.
17:45 What virtual worlds currently host Ritestream cinemas, and are there plans to expand to other metaverse platforms?
We have a cinema in Raca USM verse. We have built our cinema, and we’ve been in talks with Second Live. If you are a subscriber, you can go to Second Live into the cinema, connect your Meta Mask and then actually watch the content there.
19:25 Do you have plans for a more extensive marketing campaign to current popular content creators?
The more subscribers we have on the platform, the more support we get for the community to go out and get more popular content.
20:25 Can you provide more details on how users can participate, earn RITE tokens, and become stakeholders in featured projects?
Definitely, through the Launchpad, you’ll be able to be a stakeholder in these projects. You will own a revenue share from Crypto Knights and earn $RITE tokens. We will have campaigns through TaskOn and Galxe.
Is it possible to add a white theme to the ritestream website? Because, with lots of theme choices, users will be more comfortable.
Yes.
Source:
26th October 2 pm UTC
