Let’s discuss them one by one… but first go to CoinMarketCap to get an idea about liquidity and volumes…

(I made this screenshot on November 15, 2024)

Banxa (perfect for easy purchase with CC or Google Pay)

If you click on the Banxa link, you visit their Checkout Page where you can immediately buy $RITE tokens with your Visa/Mastercard or via Google Pay. You need a wallet that is supported by WalletConnect (many wallets are supported). It’s a suitable option for smaller $RITE amounts, and for easiness, the RITE token is already selected for you. Note that you can only buy the $RITE token on the BNB chain.

Warning: always check if you use the correct token contract address (see above).

Let’s look at the DEXs individually…

Simple advise… Don’t use Uniswap as you are referred (on BNB chain) to a Liquidity Pool without any liquidity and you’ll get a very bad price. This pool used to be deposited by the team, but to avoid fragmentation, all liquidity is now provided via the Pancakeswap v3 pool. Note that Uniswap is not mentioned on CMC as Uniswap lacks liquidity and volume. So, you better use…

PancakeSwap

If you click on the Pancakeswap link, the $RITE token on the BNB chain is already selected with the proper v3 Liquidity Pool pair $RITE-USDT. If you wan to buy the $RITE token on Base Chain, you have to switch (in the right top corner) to the Base chain first. Although, it’s a good option to use Pancakeswap for Base Chain as well, I prefer going to…

Aerodrome

If you click on the Aerodrome Link, you are redirected to the $RITE-USDC LP pair on Base chain. Note that the default slippage tolerance is set at 1%… you maybe lower that first (and try 0.5% for example). Note that volume for $RITE on Base chain is at the moment relatively low… but this will change in the future as the Watch-to-Earn $RITE rewards are paid out on Base chain.

To summarize the DEXs…

My simple advise… use PancakeSwap for $RITE on BNB chain, and use Aerodrome for $RITE on Base chain.

But for all DEXs always set a maximum slippage percentage. Most DEXs use a default of 1%, and that’s fine for $RITE… don’t increase this percentage, but you can always try a lower percentage.

Instead of using the DEXs themselves… you can also use DEX aggregators such as ParaSwap, Rubic.exchange, or RocketX.Exchange. (Note: it’s possible that you first have to import the token)

The above hyperlinked DEX aggregators do support $RITE, but there are other DEX aggregators who don’t support $RITE swaps, for example, 1Inch and OpenOcean. 1Inch doesn’t allow you to import the $RITE token (note that you can use 1Inch indirectly via RocketX.exchange), and OpenOcean only allows you to use the old (worthless) $RITE token contract.

But the DEX aggregator platforms are quickly growing and supporting more and more tokens, and are going multi-chain. If $RITE is swapped more on Base chain (higher volume due to streaming platform users who swap their $RITE earned via W2E)… expect more DEX aggregators to support $RITE (on Base and BNB chain).

The main advantages of using DEX aggregators above the individual DEX is threefold:

• (often) Better protection against MEV-exploitation by bots (front- and back running, sandwich attacks). So, less slippage.
• You can often swap more (different) tokens instead of the tokens supported by the DEX (as the transaction may be split up and executed among different DEXs. Even multi-chain swaps are sometimes possible.
• Optimal route selection and lowest price impact. By analyzing all possible routes to execute the swap in often multiple steps among different DEXs (and or Bridges), the best swap route is found for the cheapest price.

That said, DEX aggregators earn income by keeping all or part of the “positive slippage”, and do sometimes charge transaction fee markups.

If you don’t have already an account on BitMart or Bitpanda… stay away from both. BitMart has low and unreliable liquidity (see CMC above), and Bitpanda acts as a “broker” for Gate.io. Bitpanda doesn’t allow you to withdraw your $RITE tokens from the platform to your own wallet.

So, there are 2 CEX choices left… Gate.io and MEXC.

These 2 CEXs are more or less similar with respect to liquidity and “slippage” (explanation below).

FAQ: When next CEX listing?

The answer is very simple…

The RITE team can’t comment because if they are in negotiation with a CEX, or even if the “contracts” are already “signed”, there is always an NDA (Non Disclosure Agreement). So, the team can’t say anything without violating the NDA terms.

Let me explain the typical CEX listing procedures…

All CEXs have a “request listing” procedure. Often there is a form that the project “applicant” has to fill in to give more details about the project and token.

Thereafter, the applicant has to wait if the CEX has any interest or not.

As thousands of projects want to get listed (on as many CEXs as possible)… the CEXs usually don’t reply at all. The applicant can try to get contact… but the answer will always like this “If we are interested, we’ll contact you”.

The CEXs will only list a token if they expect sufficient trading volume and related fee income.

Plus CEXs want to ensure that there are no large token holders who can “dump” the token at any moment. Hence, the applicant has to give specific details about token distribution.

CEXs also require that there is always sufficient liquidity to avoid that price can be “manipulated”.

Now, there are 2 solutions…

Either the applicant has to “hire” one or more market makers (MMs) – who have to be approved by the CEX) – or the CEX will select/assign the (main) market maker(s).

In both cases, the market makers need tokens to start with as they can’t “make the market” if they don’t hold tokens to sell (set the ask prices).

So, either the CEX (on behalf of the market makers) or the MMs have to make a “deal” with the project about how many tokens they will “get” and for what prices.

Often, the project has to “fund” this “liquidity” in the form of a “token deposit” to the CEX (and/or market makers).

Of course, this comes with a “price”… giving away tokens or for “cheap”… can be seen as a payment for “market makers commission”.

And the CEXs require minimum transaction volumes… if the volume is lower for a specific (contractual agreed) period… the CEX may de-list the token… and this often (contractual) means that the tokens won’t have to be transferred back to the project… (a loss for the project).

Furthermore, CEXs often require a “listing fee” or “marketing contribution” in the form of free project tokens. Sometimes CEXs use these tokens to reward their platform users and/or CEX token holders via airdrops. But often these tokens are a payment for the listing… and you can expect the CEX to sell these tokens… one of THE main reasons why the token prices often decreases after the listing.

However, CEX listing procedures and requirements are a “grey area”… The CEXs don’t want the “world” to know about the exact “rules”, and they want to avoid that smart investors will “front run” a listing. So, that’s another main reason why there is a NDA.

Another reason for the NDA is that not all Projects are equal. Of course, CEXs do prefer projects with high volume elsewhere (on other exchanges) to take a piece of the pie. And these projects maybe listed “for free” while others have to pay significant “listing fees”.

So, the listing rules and requirements are different for each CEX AND for each individual project.

But “newbies” always think that a tier 1 CEX listing is possible (often it’s not as the CEX has no interest), will increase the token price (often only “insiders” profit from an initial token price appreciation and thereafter the token price decreases), and is good for them (yes, maybe in the short term, but what about the long term?)… and they assume that the CEX will list the token for free. And if not free… the project should just pay the fees without knowing the associated costs.

Well, have a look at this article “Coinbase hit with $300M token listing allegations by Sun, Cronje“…

According to Tron founder Justin Sun, Coinbase asked for a $330M in total fees to list TRX. While Andre Cronje from Fantom stated that Coinbase asked fees between $30M and $300M.

Moonrock CEO, Simon, who was dealing with Binance for a Tier 1 project listing claimed that Binance asked 15% of their total token supply, worth $50M-$100M.

So, if from now on, after reading this above, you are still going to ask “when CEX listing” all the time… that classifies you as a “troll” who doesn’t know what he is talking about.

Also notice that only 240 tokens are listed on Coinbase, and just over 500 on Binance. So, it’s not as easy to get listed there…

The chances for getting a Tier 1 listing will increase the more awareness about $RITE, the more transaction volume and liquidity in $RITE, and the more people a project will bring to the CEX.

Tier 1 CEXs also look at what Tier 2 CEXs are doing. If a token has sufficient volume and liquidity on CEXs such as Kucoin, OKX, or Upbit… the Tier ones know that the token will succeed on their CEXs.

So, for $RITE the next new CEX listing may be on one of these instead of Binance or Coinbase.

However, Kucoin and OKX compete with Binance and Coinbase and they don’t “like” to support tokens on BNB and/or Base chain. Just check it out yourself which token chain formats are allowed to deposit/withdraw on Kucoin and OKX…

So as the $RITE token is “only available” on BNB and Base chain… to get a Kucoin, OKX or Upbit listing, the $RITE token should first be “available” on the Ethereum network as well.

Note: the reason why Gateio and MEXC don’t support the $RITE Base chain format (yet) is kind of similar. They don’t like to “support” chains from competitors. But there is another more economical reason as well. The global transaction volume on Base is still substantial lower than on Ethereum and BNB chain.

And, you may wonder… Did the RITE team had to pay Gateio and MEXC “listing fees” and “commissions or token distributions” for market making services?

Yes, but the listing requirements and fees on both exchanges are “lower” in comparison to a listing on a Tier 1 CEX.

BTW, the $RITE airdrops around the TGE/IDO and free tokens given to these 2 exchanges in March 2022… were one of the reasons why the $RITE token price decreased in price shortly after the initial listings on Gateio and MEXC.

So, to summarize, a CEX listing is often not free and hard to get for a Tier 1 CEX listing and beyond the control of the RITE team… We only can hope that (Tier 1 and the next tiers) CEXs become interested in listing $RITE as a result of sufficient interest, transaction volume and liquidity in $RITE.

Local CEX listings (below Tier2 level) may sound interesting but most of them have limitations such as Local clients and regulations, (too) low liquidity, and often act as “brokers” for other main CEXs.

Just to give you one example… BitPanda is a broker for Gateio. The customer tokens on BitPanda are held inside Gateio wallets, and (as a result) BitPanda users can’t withdraw $RITE from the platform. (The same no-withdrawal feature applies for Uphold in USA for example).

More listings also lead to fragmentation and are not always better for overall liquidity. Just think about it… if we have a few more local CEXS… the team has to split liquidity and pay higher fees to the market maker (who is the only one profiting from “arbitrage”).

And listing on “shit” exchanges where you can’t deposit/withdraw the $RITE token or where your tokens are “at risk” is not what to aim for.

This above should be treated in respect to the current (too low) regular organic $RITE transaction volume… but what may happen if…

Hundreds of millions of eyeballs will watch the CryptoKnights Show and/or seeing the marketing exposure…

You bet that CEXs, DEXs, or wallet providers want to be on front of these millions of (current) Web2 users who are interested to invest in crypto and Web3 projects.

So, a sponsorship with one of the main CEXs, DEXs, or wallet providers is just “around the corner”.

For example, they may sponsor the $250K winners prize, or “facilitate” viewers to set up their first wallet (MetaMask or Coinbase Wallet) and do their first swap.

And part of the team’s negotiations with these main CEXs… should be to get a free CEX listing for the $RITE token.

Hence, it’s just a matter of time before we get a Tier 1 listing… but asking this same “when CEX” question won’t help as the team won’t answer as explained above.

The RITE team is smart and knows that free CEX listings will come… just be patient. The success of the CK Show will accelerate this process.

Also be aware that… the more streaming platform users… the higher the token velocity, transaction volume, and better the liquidity… which should be noticed by the CEXs sooner or later.

FAQ: Should I use a CEX or a DEX for $RITE?

For those of you who still don’t know about all the differences between a CEX and a DEX, I found this article that explains it in depth.

So, it also depends on your “experiences”… are you feeling comfortable to use a DEX, or (still) prefer a CEX?

We all know that traditional investors who want to invest in their first crypto token prefer reliable CEXs above DEXs (often seen as too complex and too risky)… but the DEXs are winning market share.

And it’s RITE mission to onboard the next 1 billion people into Web3… And, you can only call yourself a Web3 user… if you have your own non-custodial wallet holding one or more cryptocurrencies or tokens.

That’s something different in comparison to investors who only have a custodial CEX account…

We as RITE fans want $RITE to be used in the ecosystem for its decentralized utilities such as staking… not just for passive holdings (on a CEX).

So, the first question is…

What do you want to do with your $RITE?

(Also look below for the differences in utilities between BNB and Base chain).

For example, if you want to stake $RITE, you need a non-custodial wallet anyway. But of course, you can first purchase $RITE on a CEX and later transfer the tokens to your wallet.

So, the other question to be answered is…

What’s the exchange with the best liquidity, lowest price impact, and lowest slippage?

I answer this question below by first giving the definitions, followed by the explanations of some different liquidity metrics, and finally using these metrics to get an impression about the liquidity for the $RITE token, and giving some tips to avoid “bad fills”.

FAQ: What is Liquidity, Price Impact, and Slippage?

1. Liquidity:

Liquidity refers to the ability to buy or sell an asset quickly and at a fair price without significantly affecting the market price. In other words, liquidity measures how easily an asset can be traded without causing a significant price movement. A liquid market has many buyers and sellers, which allows for smooth and efficient trading.

2. Price Impact:

Price impact refers to the expected effect that a trade has on the market price of an asset. For CEXs, the effect/impact is usually calculated by using the order book bid quotes (for a sell order) or order book sell quotes (for a buy order). So, by assuming that the market order may be executed as per the CEX order book quotes. Or for DEX swaps that nobody else will execute a swap just before your order is being executed.

Unfortunately, between the order entrance and actual execution, the order book may change and/or other trades may be executed just in front of your order execution, with as result…

3. Slippage:

Slippage refers to the difference between the expected price of a trade and the actual price at which the trade is executed. Slippage can occur due to various factors, such as market volatility, liquidity issues, or frontrunning.

For CEX market orders you can’t set a maximum slippage percentage, but for DEX orders you can set a maximum slippage percentage (to avoid unwanted negative differences in price). In case a DEX order can’t be executed within the slippage percentage setting range… the order will be automatically canceled.

FAQ: How can you measure liquidity?

By looking at…

A) Price impact.

For a DEX (market) order, you can just enter the order and for almost all DEXs (and DEX aggregators), the price impact (in a percentage) of your order is shown.

For CEX (market) orders, often the (expected) average buy/sell price is shown, and you can calculate the price impact (percentage) yourself.

B) Market depth

If you look at CoinMarketCap or other crypto data providers, you can see the market depth for CEXs. For CMC, it’s the amount (in dollars) that you can buy or sell with maximum 2% price impact. Others may use a 1% or other “depth” percentage.

C) MarketCap

The MarketCap is the equivalent dollar value of all public available tokens free to trade (Circulating Supply times Token Price). It’s a measurement of the total maximum dollar amount free to trade, and indicator of the (maximum) market size.

D) Transaction Volume and Volatility

Actual transactions change the order book (as orders are executed and “leave” the order book), the price impact, and the market depth… And each transaction may lead to a “market response, for example, new order entries (limit orders) or new transactions (market orders).

Of course, the higher the volume and volatility, the higher the chance that LIMIT orders may be executed at the wanted prices.

But for MARKET orders, higher volatility may lead to unwanted higher slippage, and the shown price impact may “unachievable” as prices and quotes change frequently.

So, if you combine the last 2 metrics, you can calculate…

E) Volume/Marketcap (24 hours)

This is a percentage, and the higher, the better (in terms of liquidity).

I really like this measurement as it takes into account the Marketcap. So, it’s better for comparison of tokens taking into account the difference in “size”.

If you want a rough classification:

• <1% is bad
• 1%-3% is mediocrate
• 3%-5% is adequate
• 5%-10% is good
• >10% is excellent

F) Liquidity Scores on CoinMarketCap

Note that I marked the liquidity scores BNB chain pairs in “green” and the Base chain pairs in “brown”. (Date screenshot: January 16, 2025)

The Liquidity Score (for each market pair) can range from 0 – 1,000, with 1,000 reflecting the most liquid of markets and 0 for the most illiquid.

• A perfect Liquidity Score of 1,000 means that the market has a very low slippage for orders up to $200,000 in size.
• The lowest Liquidity Score of 0 means that the order books have less than $100 in total value on either the buy or sell side — a very illiquid market.

It’s an easy to use indicator but it lacks 1 on 1 comparison as a score of 500 doesn’t mean that it has 2x the liquidity as a 250 score. It’s also not perfect for comparing different tokens. But in general, if you compare this score (for the same token), the higher the score the better the liquidity (relatively in comparison to the other pairs).

G) For DEXs… Volume (24h)/Pool Liquidity

Again, the higher this percentage, the better (in terms of liquidity).

OK, all theory… but…

FAQ: How liquid is $RITE?

The “problem” in answering this question is that the “liquidity” changes all the time.

Especially on CEXs as people (and trading and market making bots) change their orders and quotes frequently and often within fractions of a second. Also, the liquidity can be biased to either the buy or sell side.

For DEXs, the liquidity is determined by the (dollar) size of the Liquidity Pool. However, always with a “balanced” buy and sell side as the AMM (Automated Market Making) mechanism has an implied balanced order book (for each swap (dollar) amount, the buy and sell price impact is the same).

OK, if we understand that liquidity is just a “status” at a given moment, let’s look at the numbers for a “random” day, today December 5, 2024, as I write this update.

---

Remarks:

1. The reported Circulating Supply is 292M while real-time it’s now 399M
2. The screenshots were taken in a half hour time period, not exactly at the same time, but for this purpose good enough to use.
3. In contradiction what many think… the total DEXs volume exceeds the CEXs volume.
4. The 2% Market Depth on PCS v3 is about $3,200 (see above) on both sides (buy and sell) which is better on the sell side in comparison to the 2 CEXs above.

Let me be clear from the start…

$RITE is a small cap… and you can’t expect that large orders, let’s say a $100K order can be absorbed immediately by the market without having a significant price impact.

So, if a “whale” wants to trade/invest in swaps of $100K, $RITE is just not for him (for now)… unless he accepts that he has to split his order in multiple smaller orders and accepts that it takes time to accumulate/sell and give the market time to react and set a new equilibrium price… whereafter he can execute another new order.

For this example day…

The numbers are relatively “good”.

A reported Vol/Marketcap of 13.13% is excellent even if you correct for the outdated and too low used Marketcap (if corrected this percentage is about 10%)

The DEX ratio Volume/Liquidity for PCS v3 is about 1… meaning that the full liquidity is traded in the last 24 hours… and that’s an “excellent” score.

The Market Depth on the main DEX PCS v3 with $3,200 for 2% depth is “sufficient” for a MC of $6.8M.

But often I hear people complaining about the high price impact and that the team should increase the liquidity.

Often, these “complainers” didn’t read my advises above, used the wrong DEX or trading pair, or confuse slippage with price impact.

Furthermore, they only look at the positives of increased liquidity, i.e. lower price impact.

However, “too liquid” may result in a “stable” price pattern as it takes too much “money” to move the price. Hence, less volatility (with lower transaction volume as result), and a lower change that the price will “pump”. That’s the negative side often ignored.

Also, there is a maximum that the RITE team can do. So far, they used 50M $RITE tokens for liquidity (the full amount allocated in the Whitepaper as you can see on ritescan.

The team can’t just add all their tokens into LPs… and what if they think that the current $RITE token price is too low? Should they add $RITE liquidity at the current “low price” level… and sell the treasury tokens too cheap via the LPs? Or should they wait until the $RITE token price is at least above public IDO price?

(You know as $RITE investor… do you like that “someone” offers millions of $RITE tokens on the market… as that’s what happening if the team ads liquidity at current price level…)

Or should they let the market do what needs to be done… new token accumulation with fast price increase the moment demand kicks in?

Also, higher price volatility is not always bad… as this also increases awareness of the token. People don’t talk about a token in the “boredom” zone but if the price is highly volatile… it’s the talk of the town.

And you know, the higher the token price… by definition, the higher the MC and the higher the liquidity, and the more attractive $RITE is for “whales” and professional investors.

So, on “good” days with significant volume and volatility… look for at example at the last week of January 2024… the daily volumes were significantly above $1M with almost $5M (24h) volume the highest.

Hence, the market will adjust and can absorb higher volumes. It’s not just the visible order book on CEXs that determines the volume… also the actual volume and “invisible” order book that drive prices. As often increased volume results in even more transactions as it gives potential “sideline watchers” the opportunity to step in and do their wanted trades.

To finalize…

Some trading tips to avoid bad fills

• First analyze what’s the best marketplace to execute you order with the best liquidity.
• Split larger orders into smaller orders and be patient.
• Use the default trading pairs.
• Always set your slippage percentage in line what you want to pay at a maximum for slippage. Just increasing the slippage by thinking that your order will be executed is often not that smart as MEV bot exploitation will guarantee that your slippage will be eaten up, and you get a bad fill.

FAQ: Should the team lock up liquidity?

Locking liquidity is NOT a good idea as the possible benefits don’t outweigh the potential disadvantages. I’ll explain to you…

Benefits of locking up liquidity

Liquidity locking is often done for new projects to give new potential investors the “trust” that it’s not a scam project. It’s meant to ensure that there is always sufficient liquidity, and that the team can’t “run away” or rug pull the project by removing all liquidity (after selling/dumping the token).

(Note: vesting is also a measurement to avoid that the team or insiders will dump tokens on the market)

However, $RITE isn’t a new project… the $RITE TGE/IDO was almost 3 years ago (March 2022), and (almost) all “team” tokens are already unvested. So, if the team wants, they can sell 400M+ $RITE tokens and “run away”. The locking up of about 13M $RITE tokens in the $RITE-USDT (Pancakeswap v3) Liquidity Pool is just a “marginal” amount, and “insufficient” for additional “trust”.

So, almost no additional benefits… Let’s look at the…

Cons of locking up liquidity

Technical reason… Liquidity pools are no longer just set-and-forget pools as with Uniswap v2 (and comparable “clones” of other DEXs and EVM-related chains). Since v3 (the $RITE LPs on PCS and Aerodrome are v3), the LP must be rebalanced if prices move out of “range”. A rebalance equals a withdrawal and a new deposit in the LP. With a locked LP, this won’t be possible anymore.

Risk reason… Sometimes the LP needs to be “halted” for trading by taking out all pool liquidity. An excellent example was the hack on January 6, 2024. If the LP was locked… the team could NOT take out the liquidity, and the hacker could dump all his (remaining) tokens via the LP. Also, due to the hack, the team introduced a new token contract… with the locked LP… these tokens couldn’t be “converted” to the new contract. A real pain in the ash… as I know another project is still suffering.

Strategically, the RITE team should be flexible when changing the liquidity strategy. For example, when the RITE-USDC LP was introduced on Aerodrome, this pool was partly filled by removing liquidity from the PCS v2 RITE-USDT pool.

Another reason to take out pool liquidity is in case the community itself may add sufficient liquidity… Think about the current RITE-USDT PCS v2 Staking Pool with up to 20% APY.

So, I hope you can understand now that the potential disadvantages of locked up tokens in LPs outweigh the benefits of showing the community trust that the team will continue to support the liquidity pool.

At the moment, $RITE on BNB chain has more “utilities” in comparison to $RITE on Base chain.

Utility	BNB Chain	Base Chain
$RITE staking possible	Yes	No (but upcoming)
Supported by Banxa	Yes	No
Supported by Pancakeswap	Yes	Yes
MEXC support	Yes	No
GATE support	Yes	No
Gas fees	Low	Lowest

Luckily, you can always use the bridge to swap from token format.

That’s very simple… there is just one bridge… and you can find the bridge widget on the Get RITE page.

For more background info about the bridge, read this announcement $RITE Bridges to BASE for Enhanced Accessibility.

The bridge works by locking tokens on one side and minting equivalent tokens on the other side. It’s based on Layerzero OFT standard. You can track the bridge status on Layerzero scan. It uses industry-standard security protocols and practices to ensure safe and reliable transactions. The adapter contract has been full audited by QuillAudits.

The bridge supports popular wallets such as MetaMask, Trust Wallet, and OKX and many other EVM compatible wallets.

The bridge is super easy to use and fast (it takes about 30 seconds)… The transaction fee is 0.5% and the related number of $RITE tokens are always burnt automatically on the BNB chain.

So, if you swap 100 $RITE on BNB chain to Base chain, you get 99.5 $RITE on Base… and the 0.5 RITE is burnt automatically by transferring the amount to the BNB chain burn address.

And for the opposite swap 100 $RITE on Base chain for BNB chain format… you’ll receive 99.5 $RITE on BNB chain and again 0.5 $RITE on BNB is sent to the burn address.

So, now you can trade and bridge the token… but why should you buy and hold the $RITE token anyway?

Often you may holding a stablecoin (USDT, USDC) on another chain than the preferred token chain for your $RITE (either on BNB chain or on Base chain).

Instead of doing this 2-step execution…

First (single-chain) swap the stablecoin for $RITE (on either BNB or Base chain) and thereafter use the $RITE bridge, it’s sometimes easier (and cheaper) if you use this other 2-step execution..

First perform a cross-chain swap for the stablecoin, and use this stablecoin on the preferred chain to buy $RITE.

I often use app.xy.finance to swap stablecoins from on chain to another. Not just the same stablecoin on chain X for the same stablecoin on chain Y. But also to switch the stablecoin, for example, from USDT to USDC (or vice versa). It’s one of the cross-chain app where you can set your slippage relatively low (for stablecoins I often use here 0.3%-0.5%, while other platforms use minimum of 2% slippage settings).

An example…

Let’s suppose you hold USDT on BNB chain. Now, you use app.xy.finance to (cross-chain) swap these USDT tokens (on BNB chain) for USDC (on Base). And thereafter, you can directly swap the USDC on Aerodrome for $RITE (on Base). (Note that this method is only effective if you set the stablecoin bridge slippage percentage lower than 0.5% as this is the default “burn fee” that the $RITE bridge)

I split these into:

• Token Utilities (or even Necessities)
• Token Security (APY and ROI )and Staking Benefits
• Token Scarcity and Burning
• Revenues generating capacity (to ensure APY)

As there are 3 main activities, we just have to look at how you can use $RITE is these 3 different ecosystems.

The streaming platform

Not all details are known yet…

So, we don’t know yet what the benefits will be for using $RITE on the Crowdfunding platform.

Probably $RITE is required for the monthly Popcorn Collective subscriptions.

Or there will be another role for the $RITE token, for example, needed to pay for the Platform fee.

But we may expect that $RITE stakers will get staking benefits in the Crowdfunding ecosystem. Probably based on the principle the more you stake, the higher the allocations.

CryptoKnights and CK Pad

Here, the $RITE token benefit is clear… staking gives access to exclusive, guaranteed, and/or higher CK Pad sales allocations. And the more $RITE you stake, the higher the allocations.

But it’s not just about access to allocations… it’s also about getting price discounts and/or participating in IDOs at private sales prices… otherwise only available to VCs and “insiders”.

However, what most (potential $RITE) investors are not realizing (yet)… is the expected total yearly “raised capital” of the CK Pad platform…

You know, each year 2 CK seasons can be produced and aired, featuring up to 80 projects per year.

Assuming that on average each project will do a $175K token sale via CK Pad… this means a total “raised amount” of $14M per year… (private sale with 30% discount where comparable public IDO should raise $20M).

So, (the total group of) stakers will get $6M in “rewards” each year in the form of price discounts…

On the CryptoKnights and CK Pad page inside the Tokenomics paragraph, we used above assumptions and showed you that the fundamental $RITE price should be $0.55 if also the expected listing premium effect is taken into account, and if not, solely based on staking reward benefits… the price should be at least $0.30. Just based on simple APY math (assuming that $RITE stakers want a 10% APY in total in the form of token sales price discounts combined with the default current 5.13% APY).

We also showed a model based on 10x revenue multiplier and calculated the fundamental $RITE price at $0.50.

So, if you haven’t… read these paragraphs to understand the underlying reasoning and used arguments.

Note that the $RITE staking interest increases the moment a new Launch is announced.

Around the riteFUND and CK NFT sales, the number of $RITE staked reached its maximum at almost 77M $RITE tokens staked. Thereafter, there was no Launchpad sale…

Hence, at the moment, the total staked number is lower (around 40M)… but the moment the first CK Launchpad token sales will be announced… expect more people to (buy and) stake $RITE, and that total staked $RITE will surpass this 77M amount… and with used numbers above may increase 10x, to 400M $RITE staked.

So, we should not just talk about $RITE token utilities but about token necessities. The $RITE token is simply necessary if you want exclusive, guaranteed and/or higher allocations with token price discounts.

That’s what we want with respect to tokenomics… people can’t “bypass” the $RITE token, they need to buy/stake the token to get access to the allocations. And for the streaming platform rewards… if you want or not… you get the W2E and W2W rewards distributed in $RITE… and the team has to first buy these tokens on the open market (a necessity).

To summarize all 3 activities together…

The W2E and W2E reward system with payouts in $RITE will lead to constant buy pressure, broader token distribution, increased token velocity, higher transaction volumes, better liquidity… and ultimately to token price appreciation. While the TV & Film Crowdfunding and CK Launchpad will attract new investors who need to buy and stake $RITE to get exclusive, guaranteed, and/or higher allocations with token price discounts, making $RITE staking very lucrative a current $RITE token price.

Current staking benefits:

• 5.13% APY for single-token staking pool (or up to 20% for $RITE-USDT Liquidity Pool staking)

Future (possible) staking benefits:

• Higher and/or exclusive allocations for CK Launchpad platform.
• Higher and/or exclusive allocations for TV & Film Crowdfunding platform.
• Free Boosters to increase W2W chances on the streaming platform.
• Voting rights and Governance (DAO)

Note that staking is only possible with the $RITE BNB chain token format.

Screenshot taken November 15, 2024

Staking is straightforward… just visit this link… https://staking.ritestream.io/ and follow the steps.

Note that the staking page also mentions NFT Staking and NFT Boost… but these are just built-in (future) features and are not in effect yet. There are no NFTs to boost or stake… You can only stake $RITE or the RITE/USDT LP.

There are 2 open staking pools:

• As single-token ($RITE) pool with fixed 5.13% APY and 180 days duration with maximum pool size 25M tokens. If filled a new pool will be opened.
• Staking the RITE/USDT Liquidity Pool with dynamic APY rewards up to 20%, and 90 days duration.

On this staking page you can also see the total $RITE staked. If you want to see how much is staked per pool, take a look at ritescan.io.

Here, you can also see the latest ~100 staking and unstaking transactions.

There are 2 burning mechanisms

• 5% of all the Platform income will be used for $RITE token burns.
• 0.5% bridge BNB<>Base chain transaction fee is automatically burnt.

The number of burnt tokens can be seen real-time on ritescan.io.

Holding and investing in the $RITE token is only interesting if you expect the token price to increase over time.

This price increase may come from improved tokenomics and higher interest in and demand for the token … but the only way for the RITE team, to increase “revenues-sharing” among token holders and stakers, is if they can generate sustainable (and increasing) revenues.

You know, if $RITE stakers will get APY rewards… these $RITE rewards has to be funded somehow. Of course, the RITE team may use the treasury, but there comes a time that the treasury has to be filled with $RITE tokens. And there is no other way for the team except to generate (dollar) revenues/income to buy $RITE on the open market. Or to offer products/services where people have to pay with $RITE.

For the CryptoKnights Show and CK Launchpad, I calculated some (expected) “revenue vs token” statistics for 2025 inside this Funding and monetization of CryptoKnights season 1 paragraph.

Just read that paragraph, and look at the very interesting Revenues per token, and Revenues/MarketCap ratio.

In short, the CryptoKnights and CK Launchpad activities are already generating sustainable revenues that may increase significantly over time, while it looks like the market hasn’t anticipated, priced in, or is yet unknown about these excellent financial stats.

But for CryptoKnights, it’s not just about these revenue/token stats… it’s also about $RITE token “awareness”…

What will happen if hundreds of millions of people watch CryptoKnights and will heard and know about $RITE?

And that’s just for the CK and Launchpad narrative…

The streaming narrative is also highly scalable… as it has an built-in Content Flywheel, with as result that if ad revenues increase, $RITE buyback increase as 40% of ad revenues is automatically distributed in $RITE tokens each month (later more frequently).

Resulting in more and more streaming platform users and $RITE token holders… with as result that the intrinsic value of $RITE will increase in accordance to the Metcalfe’s Law…

The value of a network or ecosystem is proportional to the square of its active users. Essentially, as more people use a network, its value grows exponentially.

For more about intrinsic value and Metcalfe’s Law, read this article… https://cointelegraph.com/news/intrinsic-value-of-crypto.

So, the revenue generating capacity (with revenue sharing), and expected growth in ecosystem users are 2 very strong reasons to buy and invest in $RITE.

(No advise, always DYOR, read our Disclaimer)

Always wanted to know what type of “fish” you are?

Just count up all your $RITE holdings in your wallet(s) and/or staked, and check below…

	Type	$RITE	BTC
	Humpback	5M+	>5,000
	Whale	1M-5M	1,000-5,000
	Shark	500K-1M	500-1,000
	Dolphin	100K-500K	100-500
	Fish	50K-100K	50-100
	Octopus	10K-50K	10-50
	Crab	1K-10K	1-10
	Shrimp	<1K	<1

Holding 500,000 or more $RITE tokens is a milestone that should be celebrated. It was used in the past as threshold to participate in the riteFUND. At the moment, the additional benefit of reaching this milestone is that you can become a member of the RITE Private Club Telegram Group.

If you qualify and want to join this group, reach out to Aman, Community Lead of RITE’s Telegram Groups.

As per Whitepaper…

Above vesting schedule is taken from the original whitepaper but it lacks the actual months on the X-axis. Hence, below the one reported on CoinMarketCap with months and where we are now as per January 1, 2025.

Note that there are only 3 unlock moments left happening in Q1 2025, with each month 24.39M tokens unlocked.

Source: ritescan.io January 1, 2025

As you can see, the Team still controls about 494M tokens. As there are 1 billion tokens minted, the team “used” 506M tokens so far as follows:

So, as expected all 110M tokens sold during the IDO (Seed, Private Sale, and Public Sale) have been claimed (as the related vesting schemes ended) and are now in circulation.

The 70M “Partnerships & Early adopters” tokens are reported as “used”. But some tokens are still vested/locked (6.36M) and the remaining tokens are included in the “Private Sale” balance of 45.7M. (The team has contractual agreements with these partners about when the tokens may be unlocked and sold, but usually the vesting period is 36 months linear in accordance to whitepaper)

And the full 50M Liquidity has been used.

These 3 categories combined are 230M tokens already fully used as aimed and in accordance to the whitepaper and as per vesting schedule.

Now what about the other 770M tokens?

These were aimed for Marketing (360M), Treasury (200M), and Team (210M) allocation.

Note that ritescan combines some categories.

– the Marketing (360M) includes 160M “Community & Staking” plus 200M “View to Earn & Marketing” as per whitepaper in the breakdown above.

– the Team (210M) includes 150M “Team” and 60M “Advisors” as per whitepaper breakdown.

I will refer to this group of (company-controlled) 770M tokens as tokens for “Operations” (in contrast to the other 230M tokens that were used for the IDO token sales and used for liquidity).

As you can see, at the moment, 494M tokens are still “unused”, and controlled by the team.

Now, let’s look at what number of tokens have been unvested (unlocked) as per January 1, 2025, in accordance to the vesting scheme.

You can find this on https://cryptorank.io/price/ritestream/vesting

Note that end March 2025 (36 months after TGE) all tokens will be unvested. This means that all tokens are unlocked and can be “freely” used without limitations.

The current status as per January 1, 2025, is that out of the 1 billion tokens “only” 73.18M $RITE tokens are still vested and these will be unvested in the first 3 months of 2025. Hence, end March 2025, all tokens are unvested.

So, if we look at the “Operations” tokens, you know this 770M… we can see that 697M is already unvested, and only a small part, the remaining 73M is still vested.

Or to say it other words… out of this total 770M, already 697M could have been used (as is already unvested)… but the RITE team “only” spent 276M… leaving 421M still “unused” (but already “available”).

(Or you could also conclude this by looking at the current team-controlled total of 494M and deduct the (still) vested part of 73M, giving you this same 421M “unused” but already available number)

Hence, the RITE team was very “careful” on spending $RITE tokens in the last 33 months.

So, you can conclude that the team was “wise” to not spend the tokens in the bear market especially on marketing, and now they have still a “huge” marketing budget.

To recap, this is how the other 506M tokens that were actually used (i.e. not by the team controlled anymore) are distributed as per January 1, 2025:

• Hold in public hands free to trade (= Circulating Supply): 422M
• Hold in public hands staked: 38M
• Hold by long-term Private Sale investors (not assumed to be in circulation): 46M

So, let’s answer this often asked question…

FAQ: When is the next vesting unlock? And should you be afraid of potential token dumps?

You should ask yourself… Does it really matter now to look at the remaining vesting unlock data on Cryptorank and CoinmarketCap? And to be afraid for new unlocks as maybe the team may sell the tokens on the open market? (You know the #1 FUD that investors are afraid of that tokens will be dumped on them)

No, as the team already access to 421M unvested/unlocked tokens that they can “use” immediately today. They don’t need to wait for further unlocks.

And are they dumping their tokens now?

With the numbers above… you got the answer. The RITE team only spends the tokens when needed, and so far didn’t dump on investors.

And should you be afraid now?

Of course not, as you know that tokens are spent wisely and only when needed.

And it’s a non-issue after March 24, 2025 anyway as from that moment, no unlocks will happen anymore. So, then the Unlocked Circulating Supply (UCS) will be 1 billion tokens (for definition and explanations about this new metric, read this paragraph below).

On ritescan, the Circulating Supply, MarketCap and Fully Diluted MarketCap are automatically being calculated in real-time based on the actual $RITE token price and token distribution.

Definitions:

Circulating Supply (CS) = the number of tokens held by the public free to trade.

Market Capitalization (MarketCap) = a liquidity measurement to present the total (dollar) valuation of the maximum liquidity, calculated by multiplying the CS with actual token price.

The formulas used:

Circulating Supply = Total (Maximum) Supply -/- “Tokens controlled by Team” -/- Locked tokens

MarketCap = Circulating Supply * Token Price

Fully Diluted MarketCap (aka FDV) = Token Supply * Token Price

Note 1: Locked tokens are Staked tokens (by public) and Vested tokens (conform IDO vesting scheme)

Note 2: The CS is dynamic and changes whenever the Total Supply changes (Token burns), Team-controlled tokens changes (treasury tokens spent/used), or Locked tokens changes (staking and unstaking).

Note 3: the MarketCap is not aimed to “value” the project. It’s a measurement for maximum liquidity (in dollars). So, for example if people will unstake, the CS increases and so does the MarketCap… but that doesn’t mean that the project is now “worth” more. It means that there are more tokens available in circulation (held by the public) free to trade. However, often people try to compare projects based on MarketCap without looking how the underlying CS are different, and as a result, they make the wrong (investment) decisions. (Let alone, that we know that for many projects, the CS and MC are often outdated on CoinMarketCap and other crypto data providers)

Note 4: The Fully Diluted MarketCap is a better measurement to “value” the project, but it doesn’t take into account token distribution, vesting, staking, and project “status” (I mean project history, and just started or active for years). To evaluate a token, you should look at how many tokens are still controlled by the project vs held by the public (and also taking locked tokens into account), and look at the aimed purpose is for the remaining “treasury” tokens, and evaluate the project’s progress (Does the team deliver and execute what was aimed).

So, if you ever want to know for $RITE the real-time MarketCap, Circulating Supply, and/or Fully Diluted MarketCap numbers… just visit ritescan.io.

(Just be aware that there is a little “bug” in the reported burnt tokens amount… the reported number is too high and is 2x the real value… for the real burnt tokens number, check out BscScan.)

Locked Private Sale Tokens

When we created ritescan in early April 2024, we treated the remaining 55M “Partnerships & Early Supporters” tokens (out of 70M originally vested over 36 months) as “locked” because these (5) related wallets belong to long-term partners with often separately agreed vesting “agreements”, plus 12/36 part was still locked as per vesting scheme.

As per January 1, 2025, still almost “locked” 46M “Partnerships” tokens are leftover (see above).

New ritescan reporting end March 2025

As the vesting ends March 2025… thereafter, we will make a change to ritescan and report these tokens as unlocked and “public” tokens. Hence, as in circulation (and without showing these individual wallets anymore).

Note: This doesn’t mean that these partners will immediately sell/dump their tokens. First because the private token sale price was $0.03 (current price is lower). Secondly because a significant part of this current 43M tokens may be sold right now… and this hasn’t happened. And third, because the RITE team still has “agreements” with these partners about when they “may sell”.

So, end March 2025 when all vesting has ended… you’ll notice a “spike” in the circulating supply as reported on ritescan… nothing to worry about… just you know about it.

And to show you how the new reported numbers will look like, we created this table below…

Note that this table is updated about once a week… check out the data at the bottom of the table.

Note: also per end March 2025 after all vesting ended, we’ll probably remove the classification/allocation, and just treat the remaining team-controlled tokens as “Treasury” instead of divided as per original whitepaper allocation (split into Marketing, Treasury, Team/Advisors, and Liquidity), and remove the wallet “labels” as the RITE Team is “free” to use all the “leftover” tokens any way they want for the best interest to expand the products/services and ecosystem.

Based on historical data as downloaded from ritescan.io, we created the MarketCap vs $RITE token price chart.

Note that by definition… the MarketCap = Circulating Supply * Token Price. So, the lines are highly correlated.

However, the Circulating Supply is not stable and may change every day. You know, the team may bring in more $RITE into circulation, or the total staked amount may change (due to staking deposits, withdrawals, or staking rewards additions if new pool opens).

As you can see… the CS gradually increased from 302M $RITE tokens (as per April 9, 2024) to 450M (as per January 15, 2025). While the total staked number started at 58M $RITE tokens, increased up to 76M (July, 27, 2024) and decreased thereafter gradually to 32M (January 15, 2025).

Of course, if you add up the CS and staked number, you will get the total number of $RITE tokens held by the public (482M as per January 15, 2025).

The simple answer… Because they use outdated token distribution data.

The used Circulating Supply on CoinMarketCap (CMC) is 292.4M $RITE tokens. This is the number the RITE team shared end March 2024 with CMC in an update (and to the community, see above).

For Coingecko (CG) it’s even worse, the reported Circulating Supply is 181.9M (the same number since July 2023!)

This is how it works… the RITE team sends (periodically) a list of all wallets that they control (the total treasury) to these crypto data provider sites with request to update the information.

Of course, the number of $RITE tokens in these wallets change over time… but CMC and Coingecko (CG) have no real-time system in place to update the totals of these wallets. They only have these (internally) developed systems for the larger tokens. So, for most of the smaller tokens (with lower MC), the CS and MC data are not updated.

And as Blockchain scanners such as BSCscan also use data from CMC or CG… you often find the same outdated data for the Marketcap on the blockchain scanners.

For example, BSCscan is using CG data… Yes, the outdated data as per July 2023, showing now a MC of only $1.9M (called “Circulating Supply Market Cap”). While we know that the MC is about $4.1M.

And you know…

On the Get RITE Page… the used data is coming from BSCscan… and we know now that this data is outdated (as fed by Coingecko).

So, lessons learned…

Don’t trust reported CS and MC data on CoinmarketCap, CoinGecko, blockchain scanners, and other data providers as they all use the same wrong outdated sources.

In Q1 2025, CoinMarketCap will introduce 2 new metrics to provide users with deeper insights into the maximum potential selling pressure surrounding a given crypto asset.

This initiative comes in response to growing concerns regarding the implications of low float and high fully diluted valuation (FDV) in recent token launches.

The new metrics, which will complement existing ones, are:

1. (NEW) Unlocked Circulating Supply (UCS) = Max Supply – Unminted Supply – Burnt Supply – Locked Supply. This is derived from Token Release Schedules (TRS)
2. (NEW) Unlocked Market Capitalization (UMC) = Price x UCS

The UCS and UMC provide a clearer picture of unlocked tokens, helping users understand how much supply can be potentially sold on the market at any given time.

So, what’s the difference between the (original) Circulating Supply vs Unlocked Circulating Supply?

In simple terms…

The Circulating Supply (CS) “only” includes the public tokens free to trade that are actually “controlled” by the public.

While the Unlocked Circulating Supply takes all unlocked (i.e. unvested) tokens into account (both from company-controlled and public-controlled).

Hence, including tokens which are still hold by the company and may come into circulation at any moment (as the “team” can decide to sell the tokens on the open market and/or distribute/transfer the tokens to the “public” at any time they want… as these tokens have been unlocked and are free to use for the original purposes as meant in the Whitepaper).

And, also including staked tokens by the public.

So, as we have found out above… the RITE team still holds/controls a significant number of unlocked “treasury” tokens, and a significant part of the tokens is staked by the public…

Hence, the new UCS and UMC metrics will significantly differ from the current reported Circulating Supply and Marketcap.

Or to say it in other words…

These 2 new metrics try to give (potential) investors extra metrics based on the Token Release Schedules (TRS), and show the CS and MC as if all unlocked tokens are already brought into circulation (while in “reality” this may differ a lot as we can see for $RITE).

If we use and compare these 2 metrics as per January 1, 2025 with $RITE token price of $0.0132… with only 3 monthly unlocks remaining in Jan, Feb, March 2025)… the metrics are…

Circulating Supply	Unlocked Circulating Supply	Maximum Supply
422M $RITE	927M $RITE	(Almost) 1 Billion $RITE
MarketCap	Unlocked MarketCap	Fully Diluted Value
$5.6M	$12.2M	$13.2M

So, these 2 new metrics give a little bit extra information about how far the project is with respect to TRS…

The further in time, the more the UCS will reach the Maximum Supply, and UMC will reach FDV, with as a result that end March 2025, the UCS=Maximum Supply, and UMC=FDV.

So, for $RITE the additional information isn’t that interesting… except that some potential investors may now see that the TRS reaches its ending (end March 2025)… but still these metrics don’t give any “evidence” that the RITE team will “spoil” or “dump” tokens on the market… just that the RITE team still owns a significant number of $RITE… to use at any moment to improve the ecosystem and tokenomics.

And be aware that while the UCS and UMC may now be more accurate and based on real TRS… CMC still reports the outdated CS of 292M $RITE (and hence outdated MC). So, showing an even larger difference between CS and UCS (and MC vs UMC).

Just some more background about why CMC introduced these 2 metrics…

The launch of these metrics comes amid the discourse surrounding low-float and high FDV tokens, which can create a volatile trading environment. By providing these new tools, CMC aims to equip users with the knowledge to navigate the maximum potential selling pressure associated with token unlock events and their impact on market prices.

“By offering these additional insights to complement existing metrics, we hope to empower our users to make informed decisions from TRS-derived data. These are not meant to be used in isolation. We still encourage users to perform holistic analyses using block explorers to ensure that TRS-derived data comport with the on-chain reality,” said Rush (CoinMarketCap CEO).

As explained… for $RITE… you don’t have to worry bout this “maximum potential selling pressure” as the team only uses the tokens when needed and relevant to improve the RITE ecosystem.

If you look at the price chart (status Mid November 2024)… you can easily see the few main price trigger moments…

1. In March 2022, the token had its Token Generation Event (TGE) and first exchange listing. The public IDO price was $0.04 and except for the first few days, the price started to decline, partly caused by people selling the airdropped tokens. The further decline was in line with the bear market and also due to “insufficient” relevant progress.
2. In July 2022, there was a short upwards momentum in anticipation of the new streaming dApps on Android and iOS. Unfortunately, there were problems with Apple’s TOS (strong policy against Crypto Apps) and some other technological difficulties, and this launch “failed” with further price decline as result.
3. In the first week of January 2024, the price spiked 20x+ in a few days. The reason was that the market “became aware” of the renewed plans around CryptoKnights and the onboarding of Joseph Khan, the new CSO. Now, the team was (finally) complete with Riaz, CEO, (for the production and distribution content rights) and Joseph, CSO, (for the Web3 strategy around CK and CK Pad, selecting crypto projects (as he did before for EnjinStarter), and funding the show via riteFUND and CK NFT sales).
4. On January 6, 2024, a wallet belonging to a “large” $RITE token holder was hacked. The hacker dumped the tokens and price “tanked” but the team took immediately action and took out liquidity from all DEX Liquidity Pools, and informed the CEXs who immediately stopped $RITE deposits (and later withdrawals and trading). Hence, the hacker couldn’t sell the remaining tokens anymore… and as “best solution” to avoid that the hacker could dump later again, the team decided to create/mint a new $RITE token contract and airdrop the new tokens to all holders, except, of course, to the wallet(s) of the hacker. It was a stressful week for the team… but overall, they handled the hack very professionally.
5. Luckily, after the trading on the DEXs (and the CEXs a week later) re-opened, the price recovered and resulted into a new ATH in the following 2 weeks after the hack… as the team could continue with renewed energy, and published the new roadmap for 2024, introduced RITESTREAM+ Beta, and announced lots of good news about the 5 pillars of the ecosystem, the new staking, and burn mechanism (all announced end January 2024). So, it was no wonder that the market responded “positively”.
6. The last upward spike was all related to the new staking pools and riteFUND and CK NFT sales, where many new investors were on boarded to get the chance to invest in $RITE, stake $RITE, and could participate in both sales. Thereafter, the token gradually declined in line with the overall bear market for Q2 and Q3 2024.

And now everyone is waiting for the price recovery, and it’s (about) time to fly…

But as you can see in the chart… exciting news can lead to very strong price appreciation in a short time frame. You can’t compare the $RITE token price with BTC or other top Alt token… Also, you can’t rely on Technical Analysis… The liquidity and Marketcap are relatively low… So, price spikes may happen any time without much volume.

So, what’s the next trigger that may start the token price to spike?

Just some possibilities for the CryptoKnight Show and CK Launchpad:

• An announcement about the main or other important streaming platform that will air the CK show.
• An announcement when CK will be definitely aired and the marketing exposure around the show will explode. (You know marketing by Knights, Projects, KOLs, and the streaming platforms)
• An announcement about the first token sale on CK Pad (season 2 token) with “irresistible” offer… “forcing” people to buy/stake $RITE.
• An announcement about a new CEX partner sponsoring the CK Show with new $RITE pair CEX listing.
• An announcement about a new “famous” Host or Knight as Cast for season 2.
• A new “review” or mentioning by a big KOL (Key Opinion Leader) either for CK show and/or $RITE.
• A very successful IDO/TGE (think about 10x-100x multiplier) by one of the 20 featured CK Projects.

Just look at this comparison by looking at other “Shark Tank”-like crypto investment “shows”.

Or announcements in the other 2 narratives…

• An announcement about the first Film/TV Crowdfunding Launch.
• RITESTREAM+ starts attracting lots of new viewers, who become automatically $RITE holders via W2E rewards.

Or announcements about new “activities” or even “narratives”…

• Partnerships with other Web 3 projects. As explained in the Tokenomics paragraph for RITESTREAM+, the RITE team may partner with other X2E projects, giving people more ways to earn $RITE tokens. Just think about all DePin opportunities… for example, by watching content on RITESTREAM+, in the background you can share “idle” GPU and earn even more tokens. This may even lead to a…
• New DePin narrative. You know the RITESTREAM+ content may be streamed from a decentralized network of devices (PCs, Laptops, Mobiles) to save on video streaming costs, and give people the chance to earn $RITE by sharing their GPU. But if the team is going to set this up for RITESTREAM+… why not set it up for Allrites and its partners? This brings me to another potential narrative…
• Film/TV rights Web3 marketplace. As far as we know now, the (upcoming) Film/TV Crowdfunding platform is about funding, distribution and monetization of new content. But what about “existing” content? Allrites is now a Web2 company, but sooner or later… it may become a Web3 company. You know, (almost) “every” real-world asset (RWA) will be tokenized in the future to take advantage of blockchain technology, smart contracts, NFTs, and other Web3 and/or AI technology. And Media Content (distribution) Rights is certainly one of these RWA classes that will be tokenized (just as music rights). Just think about partial ownership, revenue-sharing via NFTs (or smart contract). So, allrites can choose any blockchain, any stablecoin (or token), and use smart contracts and/or NFTs to transfer into Web3… but why not use $RITE and its ecosystem, and create a marketplace not just to (crowd)fund new content, but for existing content? And not just for the current network of 7,000 business relations… but accessible for the “public” to invest and trade in “media distribution rights? And I hope that I don’t have to explain how huge this market is… most producers (or content distributors) may be interested to sell these “content rights” to get instant “cash” to fund new projects, while many Film/TV fans will be interested to invest in these rights as it’s a “finished” product with less risks in comparison to new content that still has to be created, and takes more time before earnings will be generated. (Remark: this is just speculating about what may happen, we don’t have any information in this direction as the RITE and allrites team have never shared info about this topic… but if someone is in the situation to develop such a Web3 marketplace for existing media content rights… it is… the combined RITE and allrites team)

You know, we can try to calculate the fundamental token price as we did above and argue that the price should be at least $0.50, but the “market’ needs to pick up the “news” and the token potential… and if this happens, it can go very fast as we saw in the first week of January 2024 (20x price spike)… This may happen again at any time… So, you better accumulate now as when the next “trigger” comes all in a sudden, you probably don’t have sufficient time to jump on board at (the current) attractive prices.

To move the current $RITE price ($0.014) up 10x from here to $0.14… we don’t probably need 10s of millions dollars of new investments.

Although it’s rather technical, let me try to explain why…

The price on a CEX is determined by bid and ask prices…

If something happens… let’s say a big announcement… the order books will change very quickly…

Sellers will cancel their orders and a few lucky buyers will buy the remaining tokens still in the open order (sales) book.

If you look at MEXC’s current order book (January 5, 2025)… you notice that with “just” about $138K you can buy about 3.2M $RITE tokens. At that moment, the full (sell) order book is empty.

The numbers are about the same for Gateio.

Usually without news, when someone buys up the whole order book, this will result in arbitrage, and subsequent sell pressure until the original price is almost reached again (just a little higher than the original price)…

However, in case of a new “reason,” this correction won’t happen as everyone will “accept” the new situation and “agree” with higher price.

Of course, there will be some investors who take profits, and the DEX liquidity pools should be “eaten up” first to keep the same higher token price on the CEX.

But as the current Liquidity Pools are v3 versions, and need to be re-balanced in case of a strong price move… this means that to achieve the higher price, it doesn’t require millions of new investments anymore.

And yes, the “news” will attract new investors who absorb the “profit takers”… So, a 10x price spike can be sustainable and happen fast without millions of new capital invested.

Or to explain it in dollar terms…

A 10x price spike with a jump from the current $6M to $60M Marketcap won’t need $54M incoming new capital… It’s possible with even a few million dollars (just to buy from those investors who want to take profits and eat up the DEX Pools liquidity… but often after the news… investors change their goals and set their exit (profit-taking) prices higher).

As you know… the price is determined by supply and demand and this can change at any moment on a CEX. That’s why you often see such huge spikes around FED announcements… market makers are “clearing” their order books… and directly after the news, the price spikes in one way or the other… and a new price equilibrium is set without much volume.

So, a low total liquidity in dollar value (not in $RITE token numbers as explained above in the How liquid is $RITE paragraph) has this main advantage…

A little bit of demand (caused by one of the triggers as explained above) can lead to fast and significantly higher token prices such as we saw last year in January 2024.

Sustainable?

Yes, if caused by “fundamental” progress and new investors’ interest.

As long as investors expect higher prices in the future… they will buy the token… it doesn’t matter from whom they are buying… old or new investors, from the team selling some tokens from “treasury”, or from swing traders… the overall effect is new token distribution and new token holders… and there is no “magic cap” where all in a sudden investors will take profits.

Smart investors will look at the future, and the if the future is bright… they’ll hold their quality and high performing tokens.

Just think about it, and compare $RITE with the early stage of Amazon… they just started selling books… made losses for years… but they continue to build the platform with constant and never-ending improvements… resulting in higher and higher share prices.

So, no investment advise, DYOR and read the disclaimer)… but if you are impatient… and either sell too soon… or you wait until a specific trigger occurs… in both cases… you may miss the “full potential”… and we don’t need a bull run to let it happen (the bull run will only help to “spike” higher).

The moment… we’ll see a significant upwards price spike is coming soon(er) or later…

The $RITE tokenomics have some very interesting elements such as:

• Deflationary due to burn mechanism (5% Platform fees burns and 0.5% Bridge fees)
• Constant Buy pressure due to token purchases on open market to pay out the Watch-to-Earn and Watch-to-Win $RITE rewards.
• Continuously distribution of $RITE tokens to new wallet addresses (W2E rewards) resulting in higher token velocity, higher transaction volume, and better liquidity.
• Interesting staking benefits and staking is needed to get (higher or exclusive) allocations for (upcoming) CK and Crowdfunding Launchpad.
• (Upcoming) Utilities as $RITE may be required for product/services payments such as for Boosters, Premium Content, Popcorn Collective, Collectibles, and to pay for (Crowdfunding) Platform fees.
• Multi-chain token on BNB and Base chain with options to partner with interesting other projects with tokens on Base.
• The $RITE token is used in 3 “narratives” with all huge potential for the current aimed products/services. But there is also much potential for new products and partnerships to improve and increase the RITE ecosystem.

And don’t forget the “awareness and branding” effect about $RITE if millions of people are watching the CryptoKnights show and/or going to use the streaming platform.

Plus, as investor, you are “betting” on 3 “narratives” with great potential to “disrupt” the market: the Token Launchpad narrative with unique marketing exposure via CK Show, the Film & TV Crowdfunding (NFTs) narrative, and the streaming narrative with unique W2E and W2W ad revenue-sharing.

And you are lucky as you can now step in at a token price just above $0.01, while the public IDO price was $0.04.