# 7. HOFS Token Launch ![](/files/NXpofN4dR4wC6QLcjZWs) ### HOFS Token Launch HOFS will be launching an ERC20 utility token (HOFS) for investors to purchase assets across the Friesian ecosystem that can be redeemed to buy, sell, swap, breed (TBA) and enter their NFT collectables into competitions. The role of the HOFS token is for Utility purposes only and is not a security. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://leonie-campbell.gitbook.io/hofs-white-paper-2021/7.-hofs-token-launch.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.