What does RiAC token do?

The RiseNode ecosystem is powered by its native utility token, RiAC. It is an in-platform token for musicians, audience and collectors.

The followings are some of the utilities of the RiAC Utility Token (for musicians)

• Registry and NFT creation — for registering original work on RiseNode’s blockchain, which serves to verify ownership.
• NFT streaming —for submitting soundtracks and songs to RiseNode’s streaming portal
• NFT sales —for putting original work on marketplace for sale or auction.
• Rewards —revenues made from streaming, live-streaming,NFT sales, aswell as staking support from fans will be paid to content creators in RiACtoken.

The followings are some of the utilities of the RiAC Utility Token (for audience and fans)

• Streaming Subscription — audience may purchase full access to all soundtracks on the streaming portal with RiAC.
• NFT purchases — purchase Music NFT collectibles from RiseNode marketplace.
• NFT concert — purchase tickets to concerts, music shows organized by artists.
• Staking — support their beloved musicians by staking RiAC tokens and in turn, earning RiAC in proportion to artists’ sales performance.
• Unlock offers — Fans can further spend RiAC tokens to unlock more offers such as privilege to purchase rare NFT or discount offer.
• Receiving Reward — sListen-to-earn and staking rewards model is powered by RiAC tokens.