Holoride

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​​​​.

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​​.