The future of utility tokens is bright, and holoride is at the forefront of this exciting new frontier. The roadmap, presented at Gather Day #5 by holoride CEO Nils Wollny, outlines several major $RIDE utilities that will be implemented in the holoride ecosystem in the coming year. Here’s a closer look at what’s in store:
The importance of partnerships in Web3
First up, holoride will continue to ramp up its support of community projects on MultiversX and — in line with its agnostic approach — potentially other blockchain networks. Whether shorter collaborations such as joint community activations, simple shout-outs and sponsorships, or fully fledged long-term partnerships, the teaming up of blockchain projects is a crucial, but often under-valued step to make many of the Web3 movement’s objectives become reality. Among these objectives: a version of the Metaverse that benefits society and enriches human experience.
The holoride team believes that a new level of profound partnerships across industries will be critical in shaping the Metaverse as we detach from screens in this next iteration of spatial computing. To create the Metaverse, we need enterprises joining forces and really building together. A web3 mindset is the perfect basis for this unprecedented, collaborative approach.
Q1 & Q2: Slow and steady wins the race
That is why, holoride is proud to have announced its first partnership in 2023 with QoWattEcosystem. Through this partnership, holoride plans to leverage QoWatt’s blockchain-based energy management platform to foster a more sustainable and meaningful new mobility movement. The goal is to create a future where immersive entertainment and sustainable energy go hand in hand, providing a unique and responsible driving experience for consumers.
Another measure dedicated to supporting ambitious projects that need a platform to spur their crypto endeavors is sponsoring the EntityFinance launchpad. This initiative is aimed at providing a platform for projects to kickstart their journey and thrive in the crypto space.
In February of 2023, holoride also extended its $RIDE Metastaking program until June 2023.
In the first 12-month round of the Metastaking program a total of 21M RIDE were distributed and 184,875,515 RIDE were staked. What a success!
The extension aims to reward all long-term supporters of holoride and RIDE. It will also bridge the time until we introduce our enhanced staking successor program in Q3 this year. Expect more infos on the specifics towards the end of Q2.
holoride’s highly anticipated $RIDE governance program will also be conceptualized in Q2, with the go-live planned for Q3.
Q3 and Q4: Ready to Roll with RIDE
With our $RIDE governance program, we aim to offer $RIDE holders voting rights to allow the community to co-decide on important action items within the holoride ecosystem. When launching a governance program through a utility token, it’s important to ensure that the voting process is transparent, fair, and accessible to all token holders. In addition, it’s important to have a clear governance structure in place that outlines the rules, procedures, and decision-making processes for the community.
In our case, the governance program will start by enabling $RIDE holders to vote on resource allocation and feature requests. These two initiatives will, e.g., give holders a say in holoride‘s content lineup and where certain funds will be allocated, as well as upgrades to the platform and new features to be added.
In general, Q3 will see a firework of go-lives, features, and utilities for $RIDE and the ecosystem as a whole. holoride is going to kick off Q3 with two $RIDE features that everyone has been waiting for: Fiat <> RIDE On-Ramp and RIDE Checkout Option. These features will improve the overall ease of use and interaction with $RIDE and lower the entry barrier to the holoride ecosystem. By offering a FIAT-RIDE on-ramp, users can easily convert their fiat currency to $RIDE without having to go through the process of buying and transferring tokens through a separate platform. As other positive side effects, we expect a more seamless and accessible user experience, increase the value and adoption of the token, reduce transaction fees, and increase liquidity within the ecosystem.
In Q4, holoride will focus on two but no less exciting milestones: the “Ride & Play & Earn” mechanism and on-chain usage tracking.
The Ride & Play & Earn mechanism will incentivize users for their engagement with holoride experiences. Incentivization will be based on playtime, and users will be rewarded with $RIDE. When implementing a P2E mechanism, it is important to strike a balance between incentivizing play and maintaining the integrity of the game. Developers need to ensure that the game remains fun and engaging, and that the P2E mechanism is not the sole focus of the game. This is why holoride emphatically calls it Ride & Play & Earn, reflecting its mission to implement such mechanism in a way that enhances the experience and not the other way around.
While not so salient at first sight, on-chain usage tracking informs this approach to create sustainable incentivizing mechanisms for both B2B and B2C stakeholders. It provides real-time transparency of all transactions and interactions within the ecosystem, which can help build trust among stakeholders. By making all transactions publicly available, it is easier to identify fraudulent behavior and bad actors within the ecosystem. This can help reduce the risk of scams and other malicious activity, ultimately leading to a more secure ecosystem. On-chain usage tracking also provides valuable data insights that can help stakeholders make better-informed decisions about the future of the ecosystem. Identifying popular features and areas that need improvement can help teams make strategic decisions and prioritize their efforts.
In conclusion, our crypto roadmap for 2023 is packed with exciting new features. We are committed to building a thriving ecosystem that benefits everyone involved. With our partnerships, staking opportunities, and governance initiatives, we are creating a platform where community experience and the establishment of long-term value take center stage. Way to go holoride!
About holoride
holoride creates an entirely new media category for passengers by connecting Extended Reality (XR) content with data points from the vehicle in real-time. These data points include physical feedback, like acceleration and steering, traffic data, as well as travel route and time. holoride technology provides a new type of immersion into any kind of VR content, creating a breathtaking, immersive experience, and significantly reducing motion sickness.
The tech startup was founded at the end of 2018 in Munich, Germany by Nils Wollny, Marcus Kuehne, Daniel Profendiner, and Audi, who holds a minority stake in the startup.
In April 2021, holoride raised €10 million in its Series A funding round led by Terranet AB, earning the company a €30 million valuation. That same year, holoride won the prestigious SXSW Pitch and was also named Best in Show. It has been hailed “Best of CES 2019” four times, recognized as one of the “100 Best Inventions of 2019” by TIME Magazine, and is part of the global innovation platform “STARTUP AUTOBAHN powered by Plug and Play”.
