Hero's Rule 1: Five Freedoms is a Normal Trap Card.
Trap Cards are normally Set first and can be activated on a later turn, often in response to an action.
On the current TCG and OCG Forbidden & Limited lists tracked here, Hero's Rule 1: Five Freedoms is Unlimited.
YGOPRODeck lists Hero's Rule 1: Five Freedoms for these formats: TCG, OCG, Master Duel.
Hero's Rule 1: Five Freedoms belongs to the Rose archetype—use that tag when searching for engine pieces and tech options.
A listed print of Hero's Rule 1: Five Freedoms appears in Maze of Muertos (MZMU-EN027) at Rare rarity.
Among markets shown on this page, the lowest listed snapshot for Hero's Rule 1: Five Freedoms is about $0.11 on Cardmarket (prices change frequently).