$BOLI is a utility token. The Foundation governs it.
$BOLI sits within the Boli Foundation's perimeter only. The Foundation holds the treasury, sets token policy, and stewards ecosystem programs funded by the treasury. The token is structured as a utility token under MiCA Title II — not an asset-referenced token, not an e-money token, not a security.
What it is
$BOLI is a utility token. It is non-revenue-bearing. It does not entitle the holder to any share of profit, dividend, or distribution from any entity. It does not represent ownership of any asset. It does not give the holder rights against the Boli Platform, the Boli Association, or any platform customer.
The token's utility is participation in the Foundation's on-chain governance of the $BOLI treasury, the design of the Boli Standards Proposals, and ecosystem-program decisions. Specific utilities are described in the platform whitepaper and will be finalised in the Foundation charter at incorporation.
What it is not
- Not an asset-referenced token. Not pegged to any reference basket.
- Not an e-money token. Not a payment claim against an issuer.
- Not a revenue-bearing instrument. The treasury is a mission resource, not a profit pool.
- Not the Boli Platform's “native” token. The Platform is engineered and operated independently and does not depend on $BOLI.
Relationship with the Boli Platform
$BOLI is interoperable with the Boli Platform on the same terms as any other interoperable token. The Platform integrates with $BOLI the way it integrates with any token its customers bring. It is not favored, it is not required, and it is not granted special status. There is no coupling — the Platform does not depend on $BOLI, and $BOLI does not depend on the Platform.
This separation is structural. The Foundation governs the token; the Platform is a separately-incorporated commercial service provider. Each is accountable on its own terms. See governance.
Regulatory positioning
Under the EU Markets in Crypto-Assets Regulation (MiCA, in force since 30 December 2024), $BOLI is structured as a utility token within the scope of Title II — distinct from asset-referenced tokens (Title III) and e-money tokens (Title IV). The Foundation publishes its disclosures and updates consistent with the applicable regime as the token-generation event approaches.
Token-related activity in any jurisdiction is conditional on meeting the applicable regulatory requirements there. Clearing those requirements is a prerequisite, not an aspiration.
Treasury and the Foundation
The $BOLI treasury is held by the Boli Foundation on behalf of the mission, not on behalf of any commercial counterparty. It is governed on-chain today by the DAO of contributors. Upon incorporation, the legal foundation takes over treasury custody and continues to govern under the on-chain constitution. See governance for the path to incorporation.