ritestream(RITE) Startup Free Offering on Gate.io

This ritestream(RITE) Startup subscription is a free subscription, and will not deduct the users' participation funds at the end of event.

Startup Link: https://www.gate.io/startup

Introduction to ritestream(RITE)

ritestream is an eco-system platform for the creation, monetisation and consumption of film and TV content in Web3. ritestream’s vision is to democratise the creator economy and generate revenues in the metaverse and via NFT’s for creators and the community.
Ritestream has 4 key pillars: i) a launchpad for film/TV content whereby community can participate in the creation of film/TV project and earn revenues from these NFT’s ii) A consumer app for watching film/tv content iii) An NFT Marketplace for Film/TV NFT’s and iv) A B2B film/tv distribution platform.

(The information below is provided by the ritestream(RITE) team. Please follow ritestream(RITE) for more information）

Token Information
Token name: ritestream
Token symbol: RITE
Max Supply：1,000,000,000
Token Type: BEP20
Contract: 0x2F23C0D879e37eb8bEe10D4174a287f65043D688
Token distribution ratio and unlocking rules:
Seed: 5.0% 2.5% at TGE, 16 months linear daily thereafter
Private: 4.5% 5% at TGE, 12 months linear daily thereafter
Public: 2.2% 25% at TGE, one months linear daily thereafter
Team: 15% 6 months cliff, 3 years linear daily vesting
Liquidity： 4.35% Locked
View to Earn/Marketing: 20% 1 week cliff, 36 months linear vesting
Community and staking: 16% 1 week cliff, 36 months linear vesting
Treasury: 20% 1 week cliff, 24 months daily linear vesting
Advisors: 5% 5 months cliff, 36 months daily linear vesting
Partnerships Early Supporters: 8% 4 months cliff, 36 months daily linear vesting

Website: https://ritestream.io/
WhitePaper ：https://whitepaper.ritestream.io/

ritestream Startup Sale Rules

(1) Duration: 01:00 9th March, 2022 - 01:00 10th March, 2022 (UTC)(Orders placed by qualified users within these 24 hours will be treated equally.)
(2) Trading starts time: 03:00 AM 10th March, 2022 (UTC)
Trading pairs: RITE/USDT
(3) Price: 0 USDT(IDO Price: $0.04)
(4)Startup Supply : 3,750,000 RITE
(5) Users purchase using USDT.
(6) Unlock rule: 100% unlock.
(7) To participate in Startup Sale, users will need to be VIP1 and above,can only purchase once with each KYC account.
(8) Purchase limit: The maximum contribution limit for a single user is 1000 shares; the relationship between the VIP level and the maximum contribution allocation is:
the maximum number of contributions (not the final actual contribution number) = the square of the VIP level multiplied by 10. For example:
VIP2 users can subscribe up to 2 * 2 * 10 = 40 shares
VIP3 users can subscribe up to 3 * 3 * 10 = 90 shares
(9) Users need to ensure that there is sufficient balance (exceeding the purchase value) in accounts for the purchase after placing the orders until we announce the sale result. An insufficient balance will result in the cancellation of the purchase order.
(10) We will collect all the qualified orders and distribute the tokens according to the ratio of the individual purchase orders to the purchase orders in total. The final result will be announced before trading starts.

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