Spores Network announces IDO of ritestream, the next generation — decentralized Global Platform for Film and TV NFTs

Deepening our commitment to entertainment IP, Spores Network is thrilled to announce our partnership with decentralized Film/TV Global Platform, ritestream.

We’re excited to join forces with ritestream in enabling the democratization of the creator economy for both “the universe and the metaverse.”

ritestream official IDO will be held on Spores Launchpad — March 8, 2022.

ritestream OFFICIAL IDO — MARCH 8

🔷 PROJECT OVERVIEW

ritestream is a media ecosystem consisting of a Launchpad, Streaming Platform (VUE), NFT marketplace, and Content Marketplace built to bring to life film and television projects in a matter of days.

👥 Backers & Partners

💲Tokenomics

🔸Network: Binance Smart Chain

🔸Token Supply: 1,000,000,000 RITE

🔸Initial Supply: 7,250,000 RITE

🔸Initial Market Cap: $290,000

🔸$RITE IDO Price: 0.04 USD

🔸IDO on: Enjinstarter, Oxbull, Spores Network

📍More information: https://ritestream.io/tokenomics/

🔷 OFFICIAL IDO ON SPORES LAUNCHPAD🔷

🔸Platform Allocation: $50,000 = $RITE 1,250,000

🔸Vesting Schedule: 25% at TGE then 3-month DLV

🔸$RITE IDO Price: 0.04 USD

🔸Requirements:

  • VIP Sale Only
  • Currency: USDT/BUSD

▶️ HOW TO PARTICIPATE

🔸STEP 1: STAKE $SPO

  • Go to https://staking.spores.app/
  • $SPO stakers are eligible to participate in ritestream IDO as VIP buyers.
  • VIP requirements and benefits as below:

🔸STEP 2: REGISTER & KYC

In order to be eligible to participate in the IDO, you are required to fill out our Registration Form & KYC: https://spores.link/3HDDUMo

For detailed instructions of the process, check out our User Guide.

Process:

Email verification > Questionnaire > Identity document > Face match > Proof of residence

🔸 STEP 3: EMAIL CONFIRMATION

Upon completion of the registration process, you will receive an email confirmation for the KYC.

After our whitelist cut-off time, Spores Network will notify you of your Tier Confirmation at least 12 hours prior to the sales date.

🗓 TIMELINE

  • Registration & KYC: Mar 3 to Mar 7, 3 AM UTC
  • VIP Round: Mar 8, 3 AM UTC to Mar 9, 3 AM UTC (24 hours)
  • Double Limit for all VIP: Mar 9, 3 AM UTC to Mar 9, 4 AM UTC (1 hour)
  • FCFS Round: Mar 9, 4 AM UTC — Mar 9, 6 AM UTC (2 hours)

“Over the past year, we’ve witnessed an explosion of streaming and the rise of independent films, international films,… At Spores, we aim to create an all-things entertainment playground that is creator-centric, community driven, and borderless. We believe in bringing creative freedom and intellectual ownership back to those who matter the most, the creators and their collective community. ritestream is the next generation platform that is trying to accomplish just that. Don’t miss out on this innovative movement. We look forward to integrating ritestream into our upcoming Sporesverse in the near future.” — Duc Luu, Spores Chairman & Co-Founder

Riaz Mehta, CEO and Co-Founder at ritestream, looks forward to revolutionizing the content industry through a democratized creator’s economy. “It is time that the content distribution industry experienced the kind of technological revolution we have seen in other sectors,” he says. “That’s what ritestream is: the chance to give power back to film and TV creators, to elevate viewer experiences through a wide range of content, and to overhaul old methods of buying and selling in favor of a newer, smarter, fairer system.”

About Spores Network

Spores Network Founders believe that the decentralization of ownership and burgeoning metaverse will uniquely bridge our digital and physical lives. Our mission is to create a GameFi / Metaverse Publisher that is creator-centric, community driven, and borderless engaging entertainment IP and corporate brands.

Spores Co-Founders include Duc Luu (Nasdaq IPOed serial entrepreneur ), Eric Hung Nguyen (former senior investment analyst at a top-10-worldwide hedge fund), and a diverse team of advisors across blockchain and entertainment.

Join our collective. Tell your story. Share our vision, at Spores Official!

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