What is Receive Access Ecosystem (RAE)
RAE, also known as the Receive Access Ecosystem, is a brand-new layer that was specifically created to be added on top of a public blockchain. They are here to distinguish between digital networks and platforms. RAE makes sure that content creators are fairly compensated for their work. The introduction page for MEXC's digital asset, the RAE token, provides some basic information. RAE Token will be listed on our innovation zone. View our announcement and order yours right away!
Problems With the Current Media Platform
Currently, there is a challenge facing content producers. They receive insufficient pay. To be more precise, they are not properly compensated for the work they put into creating content. On our current social media platform, content producers work to produce engaging material for viewers. Digital platforms do not, however, compensate them in a way that adequately rewards their labor. This thus lowers the standard of their job. When creators don't have a budget, the audience subsequently receives fewer content. This develops into a never-ending vicious loop ultimately. According to RAE's whitepaper, it is as follows:
There are quite a few explanations for why this occurred. A Trusted Third Party (TTP) digital platform is necessary for the present digital network to function. Consider YouTube. They can achieve market concentration and promote network effects with the use of a TTP digital platform. Nevertheless, the digital platform initially needs a lot of resources. In contrast to what the network can offer, this. In exchange, the company was unable to calculate the content creator's lifetime worth and offer fair rewards. Digital platforms frequently work to keep agreements that are advantageous to them, lowering benefits for content creators. Additionally, these platforms have a propensity to group various content producers into rivalry groups. They leave artists feeling helpless and alone.
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.