HoloVerz Token
HoloVerz is a utility token designed for the Holoverz collector ecosystem. It is accepted as a payment instrument for eligible polymer based holographic products and related collector offerings distributed through the Holoverz channels.
What the token is used for
HoloVerz tokens are intended to be used for product access and redemption within the ecosystem.
Redemption for product packs: token holders can redeem HoloVerz tokens to acquire Holoverz Product Packs, subject to an applicable redemption fee. After redemption and payment of the redemption fee, the product is delivered.
Purchases in the ecosystem: users holding HoloVerz tokens in their BlockBen Wallet can use those tokens to purchase eligible products through the Holoverz webshop environment.
Token circulation and burn mechanism
According to the token terms, the token owner has committed to allocating 3.25% of global monthly revenue to purchase HoloVerz tokens from the open market. Tokens purchased through this mechanism are intended to be permanently burned, reducing circulation over time.
How to acquire and hold HoloVerz
HoloVerz is facilitated via BlockBen, which acts as the issuer and pre seller of the token and provides custody in the BlockBen Wallet, together with related accounting.
- Minimum first purchase amount: EUR 500
- Token availability, transfer functionality, and any future exchange listings are managed by the platform in accordance with applicable rules and notices.
Exchange listing
BlockBen indicates an intention to list tokens on one or more external exchanges at a designated time. Once listed, token pricing is determined by market dynamics, independent of HoloX.
Important notice
HoloVerz is a utility token. It is not a share, not a deposit product, and not a promise of profit. Participation may involve risk, including the risk of loss. Always review the official product documentation and terms before purchasing.
Official documentation
BlockBen Wallet General Terms and Conditions, section “5.1 HOLOVERZ Utility Token”. Light paper link