Receive Access Ecosystem or RAE (RAE/USDT – Trade it here) is a new purpose-built Layer on top of a public blockchain. They are here to separate digital platforms and digital networks. RAE makes sure that content producers receive adequate pay for their creations. Basic information for the RAE token is available on the MEXC Digital asset introduction page. We will be listing RAE Token on our innovation zone. Check out our announcement and get yours now!
Problems With the Current Media Platform
Content creators are currently facing a problem. They are not paid enough. To be more specific, the effort they give into making content does not translate into proper compensation. In our current social platform, creators are trying to make interesting content for the audience. However, digital platforms are not paying them an amount that reflects their hard work. This in return reduces the quality of their work. The audience then receives lesser content especially when creators have no budget. This eventually becomes a vicious cycle that reaches no end. In RAE’s whitepaper, they describe it as:
“The lack of adequate financial compensation hinders their ability to create. This creates an ever-growing gap between creators – platforms – audiences. Creators cannot create what they need. Platforms cannot pay what they are worth. Audiences cannot receive what they want.”
Actually, there are a few reasons why this happened. The current digital network requires a Trusted Third Party (TTP) digital platform to operate. For example, Youtube. A TTP digital platform helps them achieve market consolidation and spur network effects. However, the digital platform first requires a lot of resources at the starting stage. This is in contrast with what the network can provide. In return, the platform could not predict the lifetime value of the content creator and provide reasonable payouts. Most of the time, digital platforms will try to maintain deals favorable to themselves, reducing benefits of content creators. Furthermore, these platforms have a tendency to put different content creators together into competitors. They make creators feel isolated and weak. So, how does Receive Access Ecosystem (RAE) help content creators?
How Does it Work
Simply speaking, all RAE has to do is to break the traditional method of media platforms. The main objective of RAE is to accurately reward all content creators for the full value of their contributions. It is sad to know that most digital platforms are there for their self interest and profits. Now, RAE is here to break the stigma.
First, all transactions in the ecosystem use RAE tokens. At the moment, Rokfin will be the first digital platform to utilize the RAE Ecosystem. Rokfin will only assist in support and development for RAE without having any management roles in it. Furthermore, all platforms connected to the ecosystem will run in a subscription model. This ensures that audiences pay for what they get, and content creators receive proper funding for their content.
RAE is also built in a way that makes it impossible to be purchased or owned by a single entity. Its decentralized structure prevents any changes of ownership in the future. This will protect creators from the risk of reverting back to traditional platform payment methods. Furthermore, this will also stop any party from singlehandedly dominating the hosting and distribution functions of the network; making it a safe space for collaborations and better profits.
RAE tokens on the other hand, is the native and governance token for their ecosystem. These tokens are the only accepted payment in the ecosystem. The ecosystem will collect RAE tokens from consumers and automatically reward all parties for their contributions.
Recent Price & Performance of Receive Access Ecosystem Token (RAE)
RAE is currently performing at $1.15 USD with a market cap of $7,134,366 & fully diluted market cap of $39,219,236. There is a total circulating supply of 6,184,935.69 RAE in the market, approximately 19% of the total supply. You can check the live price of RAE Token right here!
How to buy Receive Access Ecosystem Token (RAE)
You can buy Receive Access Ecosystem Token (RAE) on MEXC by the following the steps:
- Log in to your MEXC account and click [Trade]. Click on [Spot].
- Search “RAE” using the search bar to see the available trading pairs. Take RAE/USDT as an example.
- Scroll down and go to the [Spot] box. Enter the amount of RAE you want to buy. You can choose from opening a Limit order, a Market order or a Stop-limit order. Take Market order as an example. Click [Buy RAE] to confirm your order. You will find the purchased RAE in your Spot Wallet.
You can find a detailed guide on how to buy RAE tokens here.
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