HOFr Coin cannot be traded for cash, and maintain no federally-regulated currency equivalent. That said, HOFr Coin can be used for entry into paid contests!
Within the US, if your HOFr winnings exceed $600 USD in a calendar year, you are required to report it in your annual earnings to the IRS. In order to aid in this process, HOFr will issue a 1099 Tax Form via email to all US residents who exceed the aforementioned $600 amount.
When a withdrawal request is placed, HOFr initiates the transaction immediately. Withdrawals are processed immediately but might take up to seven (7) business days to be received. ACH withdrawal requests are completed in 2 to 8 business days. Additionally, due to processing time, users are limited to one withdrawal every five (5) business days.
Select ‘Wallet’ from the bottom navigation. From there, click or swipe to the ‘Withdraw’ tab and enter the amount to withdraw. Due to administrative costs, the minimum withdrawal amount is ten (10) US dollars, unless you are closing your account. For users with $600 or more in net winnings within a calendar year, HOFr will require that said user provide a social security number and will receive an IRS Form 1099-MISC.
If any deposit is illegitimately charged back, any winnings generated from HOFr contests may be invalidated, forfeited and deducted from your account balance. In addition, the amount of the initial deposit and the bonus match will be invalidated, forfeited and deducted from the account balance. If you have further questions, please contact HOFr Support at support@hofr.io.
Yes. HOFr Coin rewards expire in 30 days.
HOFr Coin covers the entry-fee for entering a given contest, up to the cash-equivalent value. For example, if you have 10 HOFr Coins, you are able to enter one $10 contest or two $5 contests. You can also use your HOFr Coin(s) in combination with real dollars to enter a contest. For instance, if you have 10 HC and $10, you can enter a $20 contest. Lastly, we deduct your HOFr Coins from your balance first!
For first-time users, the deposit process can take up to ten minutes. For returning users, the process should take no more than 5 minutes at most.
A user's first deposit may qualify the user to receive up to 50 HOFr Coin(s) as a deposit bonus. The bonus amount is a one-HOFr-Coin-to-one-dollar match, up to a maximum of 50 HOFr Coins.
One HOFr Coin of the bonus will be released into the user account for every $1 entered into a paid-entry contest. The user with a 50 HOFr Coin bonus will have the entirety released into the user’s account after playing through $50.
When processing a deposit from most major credit card companies, an immediate hold less-than-or-equal-to the deposit amount will be placed on your account. Your balance will be updated immediately, however it will take 1 to 3 business days for the full amount to be charged to your card.
Due to administrative costs, HOFr’s deposit minimum is $10.
All payments made through HOFr are processed via a trusted customer compliance & validation service provider, TSEVO, using their GIDX platform.
To make a deposit, log in and select the ‘Wallet’ section of the app. You’ll then be able to toggle the deposit option and select the amount you’d like to deposit. Once you click deposit funds, you’ll be redirected to the TSEVO platform, which will verify your identity and collect payment information to ultimately process your deposit.
HOFr currently accepts Credit and/or Debit. In accordance with state-imposed deposit limits, HOFr may restrict deposits in any calendar month to $1,000.
Eligible HOFr users can refer their friends to the HOFr app and receive a one-time 10 HOFr Coins bonus for each referral.
Your shareable referral code can be found in the ‘Account’ section of the HOFr app.
Referrals must new to HOFr, create a new HOFr account using the referring user’s unique referral code, successfully verify their identity, deposit at least ten dollars ($10) into their account, and play at least one HOFr Contest in order for both parties to earn their bonus.
