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About RIDE

Individualization & OwnershipA standard practice in the gaming industry is in-game purchases – personal upgrades or individualization offerings in the form of digital items. As players get more involved, these purchases generate additional revenue. In addition, unique in-game currencies are often created for these purchases to add value through enhanced functionalities, enable a universally and globally accepted in-game payment standard, or enable special discounts if players pre-purchase a specific credit – just to name a few. holoride will emphasize similar mechanics in its experience ecosystem – by creating its own social currency.

holoride (RIDE) is a cryptocurrency launched in 2022. RIDE has a current supply of 999.79M with 857.11M in circulation. The last known price of RIDE is 0.004583560045 USD and is 0.00026699806 over the last 24 hours. It is currently trading on active market(s) with $44,671.25 traded over the last 24 hours. More information can be found at https://www.holoride.com/.

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RIDE Price Statistics
RIDE’s Price Today
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Updated Jul 16, 2024 10:38 am
Mkt Cap $3.93M
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Hong Kong Treasury Department: Stablecoin issuers must have full reserves
Hong Kong Treasury Department: Stablecoin issuers must have full reserves
The Hong Kong Treasury Department said that in view of the important role of fiat stablecoins in the Web3 and virtual asset ecosystem, and the increasingly close connection between the traditional financial system and the virtual asset market, the SAR government needs to establish a regulatory system for fiat stablecoin issuers to regulate in a risk-based and pragmatic manner. The three main requirements include reserve management and stability mechanisms (for example, requiring issuers to ensure that fiat stablecoins are fully backed by high-quality and highly liquid reserve assets), redemption requirements, and regulatory requirements such as governance, knowledge and experience. In addition, the Hong Kong Treasury Department recommends that only licensed fiat stablecoin issuers, banks, licensed corporations, and licensed virtual asset trading platforms can sell fiat stablecoins in Hong Kong or actively promote related services to the public in Hong Kong. For existing stablecoin issuers, the proposed regulatory system will also have corresponding transitional arrangements. In addition, the Treasury Department hopes that an appropriate and internationally recommended regulatory system for fiat stablecoin issuers can provide users with sufficient protection to deal with potential risks to monetary and financial stability, so that Hong Kong's virtual asset ecosystem can develop sustainably and responsibly.
Jul 16, 2024 10:06 am

Frequently Asked Questions

  • What is the all-time high price of holoride (RIDE)?

    The all-time high of RIDE was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of holoride (RIDE) is 0. The current price of RIDE is down 0% from its all-time high.

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  • How much holoride (RIDE) is there in circulation?

    As of , there is currently 857.11M RIDE in circulation. RIDE has a maximum supply of 1.00Bn.

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  • What is the market cap of holoride (RIDE)?

    The current market cap of RIDE is 3.93M. It is calculated by multiplying the current supply of RIDE by its real-time market price of 0.004583560045.

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  • What is the all-time low price of holoride (RIDE)?

    The all-time low of RIDE was 0 , from which the coin is now up 0%. The all-time low price of holoride (RIDE) is 0. The current price of RIDE is up 0% from its all-time low.

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  • Is holoride (RIDE) a good investment?

    holoride (RIDE) has a market capitalization of $3.93M and is ranked #1451 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze holoride (RIDE) price trends and patterns to find the best time to purchase RIDE.

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