This one was dense silver holographic in a seemingly clear base. Two coats gave me full even coverage in terms of the holographic effects - but there were a few bald spots. There wasn't any VNL, though - that was a little odd, but nice.
I think this might work well as a "top coat" over darker cremes I have. I don't think that it would work for any kind of nail art - the holographics are a bit too sparse.