holoride (RIDE)

What is Holoride (RIDE)?

Holoride is a platform that integrates a virtual reality entertainment system for in-vehicle passengers, leveraging its proprietary technology. The core of this ecosystem is the RIDE token, a utility token built on the MultiversX Network. RIDE is designed to enhance connections between users, creators, and business partners on the holoride platform, offering benefits and improved user engagement​​​​.

What is Holoride (RIDE) used for?

RIDE tokens are used within the holoride ecosystem for various purposes:

NFT Marketplace: Users and content creators can mint unique NFTs based on their experiences, which are exchanged for RIDE tokens​​.Purchases and Discounts: Subscriptions, digital items, upgrades, and brand placements can be bought with RIDE tokens, often at a discount compared to their fiat prices​​.Revenue and Treasury: A portion of holoride’s revenue is used to purchase RIDE tokens from the open market, which are then deposited into the holoride treasury​​.Content Creation and Sales: Content creators and car manufacturers earn RIDE through user engagement with NFTs and direct sales of NFTs​​.Governance Participation: RIDE token holders can participate in the governance of the holoride platform, influencing decisions about feature development and content portfolio​​.

Who created Holoride (RIDE)?

Holoride was co-founded by Nils Wollny, who is also its CEO. The company was backed by Audi and developed a unique tech stack connecting car manufacturers, content creators, and passengers. The integration of blockchain technology and the creation of the RIDE token represented a strategic move to enhance the platform's ecosystem and ensure fair and transparent participation​​.