This Policy describes how holders of $HZTR NFTs may redeem their Harvest Benefit (40% share of the annual production of the represented hazelnut tree) and the options available for delivery, credit, or monetization.
This Policy applies to:
• All $HZTR NFTs that explicitly include a Harvest Benefit.
• NFT holders who have completed account registration and KYC (if required).
• Each $HZTR NFT entitles the holder to 40% of the annual hazelnut yield from the specific tree symbolized by the NFT.
• The entitlement lasts for up to 30 years from NFT issuance.
• Example: If the tree produces 5 kg of hazelnuts, the holder is entitled to 2 kg for that season.
Holders may redeem their Harvest Benefit in one of the following ways (subject to availability and local laws):
• Hazelnuts are shipped to the NFT holder's registered address.
• Shipping costs, customs fees, and applicable taxes are paid by the holder.
• Delivery may be limited to specific regions (EU/EEA) due to food safety regulations.
• Holders may collect hazelnuts from Hazelbit partner facilities or distributors.
• Pickup windows and locations will be announced each season.
The equivalent value of the Harvest Benefit is credited to the holder's Hazelbit account.
Credits may be applied to:
• Purchasing new NFTs or certificates.
• Offsetting future shipping costs.
• Other services as announced by Hazelbit.
• Hazelbit may sell the nuts on behalf of the holder and provide a fiat/crypto equivalent credit.
• Exchange rate and conversion fees apply.
• This option is not guaranteed every season.
At the start of each harvest season, Hazelbit will notify NFT holders of expected yields and redemption options.
Holders must log in to their Hazelbit account and select their preferred redemption option within the redemption window (minimum 30 days).
If no option is selected, Hazelbit may automatically convert the entitlement into account credits.
Redemptions are processed after harvest finalization, typically within 60 days.
• Harvest Benefits must be redeemed within the same season (unless credits are issued).
• Unclaimed benefits expire at the end of the redemption window.
• No cumulative carry-over of physical nuts to future years.
• Yield depends on weather, agronomic practices, tree age, and force-majeure events.
• Hazelbit does not guarantee a minimum quantity.
• If yield is zero in a given year, no Harvest Benefit is payable for that season.
NFT holders are solely responsible for:
• Declaring income, if applicable, in their jurisdiction.
• Paying customs duties, VAT, or other charges.
• The Harvest Benefit is inseparable from the NFT.
• Only the registered NFT holder can claim benefits.
• If the NFT is sold or transferred, the right automatically transfers to the new holder once they register with Hazelbit.
Hazelbit may adapt redemption options (e.g., switching from delivery to credit) where logistics, costs, or regulations make physical delivery impractical. Hazelbit commits to acting reasonably and in good faith.