ritestream
Crypto Overview
Purpose and Utility
RiteStream is a blockchain-based content creation and distribution platform that aims to democratize the film and TV industry. The RITE token serves as the native currency within the ecosystem, used for content licensing, NFT purchases, and governance.
Business Model
The platform enables content creators to fund, produce, and distribute their work while allowing token holders to participate in content funding and receive potential returns from successful productions. The model appears transparent and doesn't involve inherently prohibited activities.
Real-World Adoption
The project is still in its early stages. While there are partnerships with content creators and production companies, actual usage of the platform and token remains limited at this time.
Development Activity
The platform shows ongoing development with regular updates to their technology stack. The team maintains active communication about development progress through their official channels.
Token Distribution
The token distribution includes allocations for the team, advisors, and early investors with standard vesting periods. The distribution appears reasonably balanced between different stakeholders.
Technology and Revenue Model
The platform's core functionality revolves around content creation, distribution, and NFT trading. These activities don't involve prohibited elements like interest-based lending or gambling.
Crypto Impact
To assign a comfort level investing in ritestream from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to ritestream.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.