Riser PriceRIS

What is Riser (RIS)?

Riser (RIS) is the native token of Metarise, a virtual world project that positions itself as a bridge between the crypto economy and real-world sectors including business, shopping, sports, gaming, and entertainment. The project describes RIS as the lifeblood of Metarise, serving as the official currency for all in-experience purchases within Metarise city. This includes transactions ranging from marketplace goods to event tickets for exhibitions, concerts, and other occasions hosted inside the virtual environment.

According to available data, Riser launched in 2024, with CoinDesk recording a launch date of April 8, 2024, and CoinLore listing a start date of July 3, 2024. The token operates on the M20 Chain, with a contract address of 0x6590ce5C03687b19690a2D72bcFc61fa18cF33DB. Riser is classified under the Metaverse and Virtual Reality category, reflecting its focus on immersive virtual world functionality.

The token has a total supply of 1,000,000,000 RIS. Reporting on circulating supply varies across data providers, with some sources indicating 250,000,000 RIS (25% of total supply) while others report the full 1 billion tokens as tradable. RIS is not mineable and functions as a utility token within the Metarise ecosystem.

Key Specifications & Tokenomics

• Name: Riser
• Ticker / Symbol: RIS
• Category: Metaverse, Virtual Reality
• Type: Token
• Mineable: No
• Total Supply: 1,000,000,000 RIS
• Max Supply: 1,000,000,000 RIS
• Circulating Supply: 250,000,000 RIS (25% of total per some sources); 1,000,000,000 RIS per other reporting
• Contract Address: 0x6590ce5C03687b19690a2D72bcFc61fa18cF33DB
• Block Explorer: https://explorer.m20chain.com/token/0x6590ce5C03687b19690a2D72bcFc61fa18cF33DB
• Official Website: https://metarise.com/
• Whitepaper: Available
• Launch Year: 2024

Fully diluted valuation figures reported across sources include approximately $619.39K and $617K. Market capitalization has been recorded in the range of approximately $598K to $642K depending on the data provider and snapshot date. The token's circulating supply percentage is reported at 25% of total supply by some sources, though this is not universally consistent across all platforms.

Who created Riser?

Detailed public information about the founding team, developers, or organizational structure behind Riser and Metarise is currently limited in the available references. The project maintains an official website at metarise.com and an alternate website at metaarise.com, along with social media presence on Twitter and Instagram under the handle metariseworld. A Telegram community is also referenced. While the project has established a digital presence and launched its token in 2024, specific information regarding individual team members, advisors, or the legal entity responsible for the project has not been widely published in the source materials reviewed.

How does Riser work?

Riser operates as the utility token powering the Metarise virtual world. The token functions on the M20 Chain, a blockchain network that supports token transactions and smart contract functionality. Within the Metarise ecosystem, RIS serves as the medium of exchange for all economic activities. Users can acquire RIS and utilize it to participate in the virtual economy of Metarise city.

The project's whitepaper outlines the token's role within the Metarise space, though the specific technical architecture of the virtual world itself, including details on land ownership mechanics, marketplace infrastructure, or event hosting systems, is not extensively detailed in the available references. The token's primary function is to facilitate transactions within the Metarise environment, with the blockchain serving as the settlement layer for these exchanges.

What makes Riser unique and valuable?

Riser's primary value proposition lies in its integration with Metarise, a virtual world that aims to connect multiple sectors of the economy within a single immersive environment. Unlike many metaverse projects that focus on a single use case such as gaming or social interaction, Metarise positions itself as an all-encompassing marketplace that spans business, shopping, sports, gaming, and entertainment. This multi-sector approach could potentially create diverse demand drivers for the RIS token.

The token's role as the exclusive currency for Metarise city means that all economic activity within the virtual world—from land purchases to event tickets to marketplace transactions—must utilize RIS. This creates a direct link between the growth and adoption of the Metarise platform and the utility of the token. Additionally, the project's inclusion of fundraising and charitable activities within its marketplace scope suggests a broader vision for the platform's role in the virtual economy.

What is Riser used for?

RIS serves multiple functions within the Metarise ecosystem, all centered around its role as the official currency of Metarise city. The token is used for the purchase of Metarise city land plots, allowing users to acquire virtual real estate within the platform. It is also used for the rental of land plots, providing flexibility for users who may not wish to purchase outright.

Beyond land transactions, RIS is utilized for general usage inside the Metarise space, purchase of in-world items within the Metarise marketplace, and purchase of tickets for in-world exhibitions, concerts, and other events hosted in Metarise city. The token also serves as the currency for an all-encompassing marketplace that facilitates the purchasing and selling of goods and items, the purchasing and selling of services, fundraising activities, and charitable activities. This broad utility spectrum positions RIS as a multi-purpose token within its native ecosystem.

How Is the Riser ecosystem developing?

The Riser ecosystem is centred on the Metarise virtual world, which is in a developmental stage following its 2024 launch. The project has established foundational elements including an official website, social media channels, a whitepaper, and token deployment on the M20 Chain. The ecosystem's development appears focused on building out the Metarise city environment and its associated marketplace, event spaces, and land ownership systems.

Trading activity for RIS has been recorded across a limited number of platforms, with Poloniex hosting the RIS/USDT pair. Market data shows varying levels of trading volume and market capitalization across different reporting sources. The project's community presence includes Twitter, Instagram, and Telegram, suggesting ongoing efforts to build and engage a user base. As a relatively new project launched in 2024, the Metarise ecosystem continues to develop its virtual world infrastructure and marketplace functionality.

How to mine Riser?

Riser (RIS) is not a mineable cryptocurrency. The token operates on the M20 Chain and does not utilize a proof-of-work mining mechanism. There is no mining process available for RIS, and the token cannot be obtained through computational mining activities. Users who wish to acquire RIS must obtain it through other means, such as purchasing it on supported trading platforms or earning it through participation in the Metarise ecosystem. The token's supply is fixed at 1 billion, with no additional tokens generated through mining rewards.

How to keep your Riser Coin safe?

Securing RIS tokens requires attention to both the specific blockchain on which they operate and general cryptocurrency security best practices. Since RIS operates on the M20 Chain, users should ensure that any wallet they use supports M20 Chain tokens and can properly display and manage the RIS contract address. Hardware wallets that support the relevant blockchain provide an additional layer of security by keeping private keys offline and away from potential online threats.

Users should verify the contract address 0x6590ce5C03687b19690a2D72bcFc61fa18cF33DB when interacting with RIS tokens to avoid counterfeit or scam tokens that may use similar names or symbols. When trading or storing RIS, it is advisable to use reputable platforms and to enable all available security features such as two-factor authentication. Private keys and seed phrases should never be shared with anyone, and users should be cautious of phishing attempts that may impersonate the Metarise project or its official channels. Regular software updates for wallets and devices help protect against known vulnerabilities.