Legends Room (LGD)
ICO ENDS IN 06Days 22Hours 45Minutes 20Seconds
What Is The Legends Room?
The Legends Room is the first gentlemen’s cabaret in Las Vegas that accepts bitcoin for all club services. The Legends Room also features a “Members Only” area that requires the ownership of 5000 LGD tokens for entry.
The Legends Room is 15,000 square foot facility located less than a mile from the famous Las Vegas Strip. It is in very close proximity to both the Palms Casino and the Rio. It is located at 3750 Valley View Boulevard in Las Vegas.
The Legends Room consists of the main club which is open to the general public and the Members area which requires ownership of a token. The members have the access to a private entry for additional discretion.
LGD tokens are available for use in club. Customers are able to use LGD tokens for all services except gaming. Users of LGD tokens will receive a 20% discount over cash or credit card customers.
$ How do I purchase Legends Room ($LGD) tokens?
LGD tokens are available at at 15% discount until April 20, 2017.
1 LGD equals $1 USD.
Bittrex is the exclusive sales agent for the Legends Room Las Vegas, LLC. tokens.
LGD tokens may be purchased for cash, credit card, bitcoin, or ether.
Credit card or cash customers may call 702-847-5346 or email info@legendsroomlv.com
Bitcoin customers can purchase tokens by sending bitcoin to 32AKatb5bdvG2wGJcs1KB7NjDvSrxwS7b6
Once sent, please contact sales@legendsroomlv.com to receive your tokens.
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$ How many tokens do I have to buy?
You can purchase one LGD token or as many remaining available.
There will only be 3,000 memberships sold forever. The remaining tokens will be available for purchase to use for club services only. 30,000,000 tokens have been created.
$ What is the membership rental program?
Members may rent their token and charge a fee. Some of our members do not live in las Vegas and will only visit once or twice a year. The program
will allow them to potentially create revenue from the rental of tokens. Members may rent their membership themselves or through the Legends Room rental program. A small fee does apply if using the in house rental program.
Token ownership is required for entry into the VIP area. The VIP area is where our celebrity events will be held, our feature dances by top adult stars, and where our private booths and conversation areas are located.
Practically, speaking any patrons in the main club will require a rental of a token to visit privately with any of our entertainers.
Rental prices are determined by demand which will vary greatly. Celebrity appearances, major Las Vegas events, any UFC or championship boxing contest, conventions, certain holiday weekends will command higher entry prices.
Rental revenue will be collected and placed in the owners club account either in BTC or USD. Owners may request funds once the balance reaches $500.00
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$ Can I sell my membership?
We are sad to see you go but we understand personal situations change. The Legends Room membership tokens will trade on major bitcoin exchanges. You will be able to offer your tokens for sale as you see fit. You may also arrange for a private sale through our concierge.
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$ Can I share my membership?
Yes. You may own a membership with friends. You can lend your membership to family members, coworkers, clients etc. Simply email the club concierge and let us know who will be using the membership. There is no fee to share a membership or allow a guest to use it.
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$How many people can attend with me?
Your membership is for you and a guest.
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$ How does it work regarding entry into the main club?
The main club has a cover charge that varies. Cover isn’t charged if you are a member for the main club. You may freely go between the main club and the members area. If you are not a member, you must rent a token to go through to the VIP area.
All celebrity appearances will only take place in the Members area.
$Why should I become a member?
The Legends Room is a unique opportunity in Las Vegas nightlife. It is a rare opportunity in the history of gentlemen’s clubs. It is a first in the world of digital currency.
All members receive a fifty (50%) percent discount on all club services and beverages for life.
The Legends Room is your home in Las Vegas. There is no line to wait on. We know who you are and are glad to see you. Want to use the club for a business meeting? Happy to help.
Want to disappear for a few hours or days? That’s what the Legends Room is
for.
Members also get to visit with athletes, beautiful women, and notable personalities. Some of whom are fellow members and some of whom are guests.
We value your privacy at all times.
The Legends Room is also an opportunity. There are a limited number of membership.
$How will people know about the Legends Room?
The Legends Room plans a full calendar of public relations beginning in May 2017. Our team will be doing a press week in New York and Los Angeles at the conclusion of the token sale.
A grand opening week is planned with appearances by world famous celebrities, athletes, Las Vegas personalities, adult stars and media personalities.
The Legends Room retains a full time publicist and social media coordinator to keep members of the financial and entertainment press up to date with all of the happenings at the club.
One of the stated goals of the Legends Room is to expose and promote the idea of tradable tokens for fractional assets to the public.
The club even has video monitors with the $LGD price quoted and staff will be educated on answering questions. The club also maintains a Bloomberg terminal in the members area for patrons from the financial community who call the Legends Room their home in Las Vegas.
Selected Legends Room Press to Date
$ Who is in charge of the Legends Room?
Nick Blomgren President and CEO
Nick has managed, promoted, or owned adult clubs in Las Vegas for the past 25 years. A veteran and a legend of the Las Vegas nightlife scene, Nick is known for providing premium club experiences to recognized names in music, entertainment and business while they are in Las Vegas.
Nick is also a US Army veteran and runs a popular martial arts gym in Las Vegas. Nick has trained and managed world recognized fighters who have competed in the UFC, Bellator, WSOF, as well as professional boxing, kickboxing, and muay thai.
Nick is also a bitcoin enthusiast having accepted bitcoin in his gym for tuition and merchandise for several years.
Stephan Bonnar Vice President
Stephan is a UFC Hall of Famer – with his fight with Forest Griffin being referred to by Dana White as – “the most important fight in UFC history”.
Stephan is an active trader in the financial markets for many years.
Stephan hosts the popular webcast “The Final Round” which broadcasts from the Palms Casino. Recognized by MMA fans around the world, Stephan will be hosting regular UFC viewing events at The Legends Room in Las Vegas. During these events, members will get the chance to be introduced to, and spend some time with top current and former UFC fighters.
Phil Baroni Director
“The New York Bad Ass” is known to fight fans around the world. Phil is a legend in the the cage as well as in night clubs from New York, Las Vegas, and Tokyo. Little known Phil Baroni fact is that he was an early advocate of bitcoin, promoted it on his trunks and even was paid in bitcoin for an appearance a few years ago in Japan.
Phil has no recollection of meeting Satoshi though.
The Girls
$$$$$$$$
The Legends Room will offer a collection of the most beautiful adult entertainers in the world. Adult stars and feature dancers will call the Legends Room their Las Vegas home. Each weekend at least one major adult star will host a residency for members.
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$What’s a residency?
You get to hang out with our Legends Girls if you are a member or you have rented a membership for the weekend. Some of our girls are feature dancers. Some our hostesses and some do both.
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What’s a hostess?
If you’ve ever wanted to have a drink with a Penthouse Pet like Kenna James or an adult star like Kat Dior, the Legends Room makes it happen. Members will be notified in advance of the calendar and will have the option to reserve time with our stars.
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Special Events
This is Las Vegas and it is the fight capital of the world. The Legends Room will host UFC viewing parties, after parties, and similar events. Our members will get to watch fights with current and former UFC athletes as well as our adult entertainers.
All major sports will be available at the club and likely hosted by former athletes who are members or who are special guests.
The Legends Room will also host events with experts from the financial markets, entertainment, and sports.
Ever have a desire to fill your cabana with the hottest girls? We can arrange it for our members.
Want to attend the UFC or a championship boxing event with our celebrity friends? We are happy to include you.
Interested in a muay thai or jiu jitsu lesson with a UFC world champion and/or an adult star? We have you covered.
Maybe a Dan Bilzerian themed bachelor party with famous porn stars? Done. (It’s very expensive.)
The Legends Room staff has unparalleled access to the best of Las Vegas and members satisfaction is our primary mission.
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Videos
The Girls
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The Venue
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Below are the full terms for the Legends Room Crowdfunding campaign.
Bittrex will host 30,000,000 LGD tokens, representing 6000 memberships to the Legends Room.
Until May 15th, each token will be worth 0.00087000 BTC which is approimately a 15% discount when BTC is $1150. This is to protect against price fluctuations of BTC over the presale period.
Due to the extreme price change of Bitcoin since the start of the crowdsale, the Legends Room team is providing an additional discount on the price. At the end of the crowdsale on May 15th, 2017, the number of tokens distributed will be based on the closing price of Bitcoin.
For example if Bitcoin closes at $1500, each token will be priced at
(1/(1500*1.15)) = .00005797
. Any additional tokens will be credited at the end of the sale.
Once the presale is over, any unsold tokens are returned to the Legends Room at a fixed rated described below. Each token will be sold at the greater of $1 or market price on Bittrex.
The minimum number of tokens to facilitate the economy in the club is 4 million (equivalent to 800 memberships). After that, Legends Room gets 1 million tokens (equivalent to 200 memberships) per month to sell for the club. In the worse case, it takes 25 months for all tokens to be put into circulation.
Each token is guaranteed to be sold or redeemed within the club at $1 or the trading price on Bittrex.
Definitions
T = 30 million tokens
X = Tokens Sold Presale + Tokens Distributed For Development and Marketing
Y = Tokens in Legends Room Treasury
Z = Tokens escrowed by Bittrex
All tokens in Y are guaranteed to be sold at the market price on Bittrex or $1 per token, whichever is higher.
Day 1 launch (May 15th)
if (X < T)
Y = MIN(T - X, 4 Million)
Z = T – X – Y
On the 15th of each month starting Jun 15th until the escrow is exhausted
R = Remaining Memberships
L = Additional Tokens Released to Legends Room Treasury
R = Z / 5000
L = MIN(R, 200) * 5000
Z -= L
If an additional venue is opened, such as a new location in California, another 10 million tokens are immediately unlocked to the Legends room to sell for that club.
The presale will run until May 15th, 2017 at 11:00:00 PST.
Each Legend Token is a fractional piece of a Legends Room membership. 5000 tokens are required to use a membership at the Legends Room. A membership provides the following benefits
Entrance to the Legends Room club
50% discount on all club services except for gaming
You can also spend tokens within the club for an additional 20% discount with or without a full membership.
Once the crowdfund is over and successful, Bittrex will verify there is a working wallet, blockchain, and block explorer.
On or before May 18th, 2017, Bittrex will release the funds raised to the Legends Room team and open the market for trading within one week of this release.
No trading of the coin will be allowed until the presale ends and escrow is released.
ALL SALES ARE FINAL AND THERE WILL BE NO REFUNDS – by participating in this crowdfund, you are agreeing to the above terms.
While Bittrex does verify that the wallets, block explorer, and blockchain work immediately after the presale period, they do not verify or endorse any claims the developer makes around their business model for the coin or that they will continue to maintain the code base. Before choosing to donate, the user must decide for themselves what level of risk they are willing to take.