### What is ritestream?

Ritestream is an ecosystem platform designed for the creation, monetisation, and consumption of film and TV content within the realms of Web2 and Web3. It includes a Launchpad for Film/TV content, a marketplace for Film/TV NFTs, and a consumer app for viewing content while earning RITE coins. The platform operates on the Binance Coin blockchain .

### How does ritestream work?

Ritestream operates on the Binance Smart Chain and employs a Proof of Staked Authority (PoSA) consensus mechanism which combines elements of Proof of Stake and Proof of Authority. This offers efficient transaction times and reduced fees. The RITE token, based on the modified ERC-20 standard for Binance Smart Chain, is used for transactions within the ecosystem. The platform features functionalities like minting, burning, and transferring tokens .

### What are the potential use cases for ritestream?

Ritestream aims to revolutionise the film and TV industry through various applications:

1. **Film and TV Content Creation**: Facilitating NFT creation and crowdfunding for film and TV projects.
2. **Streaming and Content Consumption**: Allowing users to watch and engage with content using RITE tokens.
3. **Community Engagement**: Users can participate in voting and feedback processes, earning tokens for contributions.
4. **Metaverse and Virtual Cinemas**: Operating cinemas within the metaverse for unique viewing experiences.
5. **Web3 Reality TV**: Introducing innovative formats like Cryptoknights .

### What is the history of ritestream?

Ritestream was founded by Riaz Mehta and Damian Miles. The platform launched its mainnet on March 24, 2022, focusing on areas like crowdfunding via a Launchpad, a streaming platform for decentralized entertainment, and an NFT marketplace for film and TV content. It aims to democratise content production by involving community participation and revenue sharing. The RITE token, crucial for platform transactions, is listed on multiple exchanges, enhancing its market presence .

ritestream

Deposits and withdrawals are not currently available for this coin.

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