Just like fans fuel the celebrity economy, OLY tokens fuel the Olyseum platform. OLY tokens can be used to access rewards, offers and discounts in Olyseum’s exclusive marketplace, for advertising campaigns, and can be used to access exclusive interactions and experiences with the stars themselves.
In addition to OLY tokens, fans can also earn credits in the form of OLY ‘Medals’ based on their levels of activity and engagement. These medals can be used to access exclusive experiences with Olyseum’s roster of stars.
From a Swiss regulatory and legal perspective, the OLY Tokens are qualified as a “utility token” as such term is defined in the FINMA Guidelines on ICO issued on February 16, 2018. FINMA defines utility tokens as “tokens which are intended to provide access digitally to an application or service by means of a blockchain-based infrastructure”. OLY tokens can exclusively be used to access rewards, offers and discounts in Olyseum’s exclusive marketplace, for advertising campaigns, and can be used to access exclusive interactions and experiences with the stars themselves. OLY Tokens are not designed for investment purposes and should not be considered as a type of investment