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goingmobile
Member
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Activity: 81
Merit: 10
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November 20, 2017, 01:48:04 AM |
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is there somewhere to explain the disparity between circulating supply & total supply? it was the reason I never bought any yet; thanks for any reply!
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hiddensphinx
Legendary
Offline
Activity: 1457
Merit: 1001
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November 20, 2017, 10:38:45 AM |
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is there somewhere to explain the disparity between circulating supply & total supply? it was the reason I never bought any yet; thanks for any reply!
maybe the other $28 million is locked in a smart contract to be dumped on the market at a later date  |
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The1crypto
Member
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Activity: 112
Merit: 10
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November 20, 2017, 01:43:36 PM |
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Is there any value for token holders out of Vegas?
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Babad00k
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November 20, 2017, 01:56:20 PM |
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Is there any value for token holders out of Vegas?
Yes. You can buy LGD tokens, put them in the "members pool" and rent them out over the weekend. --> If someone goes to the club and wants to enter the members area to chat with the hotties, he has to purchase a membership for a day, which you own and "rent to him" - that gives you a percentage of the price he pays for it in the venue. On very busy days with big events, if you have 10 memberships and each of them is rented out, its a very lucrative passive income. And as the club is getting more and more publicity, it is very likely to see the memberships be rented out a lot! 1 Membership is 5000 LGD Tokens. |
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The1crypto
Member
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Activity: 112
Merit: 10
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November 20, 2017, 02:13:27 PM |
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Is there any value for token holders out of Vegas?
Yes. You can buy LGD tokens, put them in the "members pool" and rent them out over the weekend. --> If someone goes to the club and wants to enter the members area to chat with the hotties, he has to purchase a membership for a day, which you own and "rent to him" - that gives you a percentage of the price he pays for it in the venue. On very busy days with big events, if you have 10 memberships and each of them is rented out, its a very lucrative passive income. And as the club is getting more and more publicity, it is very likely to see the memberships be rented out a lot! 1 Membership is 5000 LGD Tokens. That is like a poor and not secure (it looks like a lending platform) PoS. Then I see why the token price is falling so much. I wish LGD team will do something to be more attractive for people out of Vegas. |
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hiepbui84
Newbie
Offline
Activity: 4
Merit: 0
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November 20, 2017, 03:46:45 PM |
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Let $LGD comeback one more time  |
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Babad00k
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November 20, 2017, 03:51:22 PM |
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They will.
There are lots of things to come:
- Own Wallet
- New website and mobile version
- Membership rental improvements
- Great DJ listings and events till NYC
And best of all:
- In 2018 4 more clubs will open starting with Miami and New York City
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LegendsRoomLGD (OP)
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November 20, 2017, 05:11:40 PM |
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Trying to answer some of the questions from above. We are seeing an increase in LGD tokens being bought in the club and used in the club. Remember we have only been open three months. One client was opening accounts for the dancers on his lap top and giving them $50 worth of LGD! Over time this will likely decrease the supply. We are exploring new clubs in different cities. Many of our members do not live in Vegas. Rental option is available. It has been successful for those who stay in the program but many people don't hold. The new website will allow for booking, membership management, and purchase of tokens. It was delayed a bit because we have added a popular feature for DJs. The DJ feature has expanded the audience for the club. More people are coming to drink and listen to music and hangout. the DJs also have fans and bigger social media followings which brings new people to the club and they learn about the token as well. We are seeing an use of crypto mostly bitcoin and purchases of LGD in the club. No one token has a real world application and promotion like we do. We expect a big new year's eve announcement soon. We already have Samantha Ronson for 12/30 and it is a UFC in Las Vegas that night. Both of these bring out a big crowd. NYE will be so big that the club will require token/membership rentals for the whole club. Next year is looking great for main stream exposure as well: Daymond John from the US TV Show Shark Tank will be in the club holding an event in January during the bug CES convention. Several big celebrity appearances are also being negotiated. Join the mailing list for immediate updates: info@legendsroomlv.com |
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goingmobile
Member
Offline
Activity: 81
Merit: 10
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November 20, 2017, 05:26:43 PM |
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@ LegendsRoomLGD - how does renting out the token work given that there is no info on how to rent it out? and can you give some examples of real returns on the renting out? if I have 5000 legend rented out am I getting back bitcoin, legends tokens, ethereum - how do you rent it out and what do you get in return over say 3 months? is there somewhere to explain the disparity between circulating supply & total supply? it was the reason I never bought any yet; thanks for any reply!
maybe the other $28 million is locked in a smart contract to be dumped on the market at a later date no doubt this is what I expect, I just want to know the timeline (like is it 2 million a year, etc...) I know this has been the situation I saw for a long time, and it was the only reason I continue to never buy into the project even when it gets back to around ICO price |
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Babad00k
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November 20, 2017, 05:42:40 PM |
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@ LegendsRoomLGD - how does renting out the token work given that there is no info on how to rent it out? and can you give some examples of real returns on the renting out? if I have 5000 legend rented out am I getting back bitcoin, legends tokens, ethereum - how do you rent it out and what do you get in return over say 3 months? is there somewhere to explain the disparity between circulating supply & total supply? it was the reason I never bought any yet; thanks for any reply!
maybe the other $28 million is locked in a smart contract to be dumped on the market at a later date no doubt this is what I expect, I just want to know the timeline (like is it 2 million a year, etc...) I know this has been the situation I saw for a long time, and it was the only reason I continue to never buy into the project even when it gets back to around ICO price It depends. Some evenings it's 100 USD per membership, sometimes its more. On NYE its expected to be 500 USD per Membership As far as I know you can get BTC, ETH and LGD. |
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The1crypto
Member
Offline
Activity: 112
Merit: 10
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November 20, 2017, 05:48:03 PM |
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They will.
There are lots of things to come:
- Own Wallet
- New website and mobile version
- Membership rental improvements
- Great DJ listings and events till NYC
And best of all:
- In 2018 4 more clubs will open starting with Miami and New York City
Good news for the future of the coin |
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goingmobile
Member
Offline
Activity: 81
Merit: 10
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November 20, 2017, 05:52:13 PM |
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@ LegendsRoomLGD - how does renting out the token work given that there is no info on how to rent it out? and can you give some examples of real returns on the renting out? if I have 5000 legend rented out am I getting back bitcoin, legends tokens, ethereum - how do you rent it out and what do you get in return over say 3 months? is there somewhere to explain the disparity between circulating supply & total supply? it was the reason I never bought any yet; thanks for any reply!
maybe the other $28 million is locked in a smart contract to be dumped on the market at a later date no doubt this is what I expect, I just want to know the timeline (like is it 2 million a year, etc...) I know this has been the situation I saw for a long time, and it was the only reason I continue to never buy into the project even when it gets back to around ICO price It depends. Some evenings it's 100 USD per membership, sometimes its more. On NYE its expected to be 500 USD per Membership As far as I know you can get BTC, ETH and LGD. I mean if on NYE I'm getting back $500, that's obviously an incredible single night return (to the point of being too good to be true, I wonder how many people are offering rentals how much is being divvied up etc); my only wonder is how the actual rental process work because I can't find a clear explanation on the site and it's just a token on bittrex w/no wallet now, right? thanks for the reply either way, it's more of a response than I expected  |
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LegendsRoomLGD (OP)
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November 20, 2017, 07:14:30 PM |
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Keep in mind, we have been open less than 90 days. Our rental program is relatively small now. Most people buy and use small amounts of the coin in the club. We have members who do not rental them out at all. They are wealthy and don't really care about the income or don't have a crypto background. They like the services that we offer in the club and they like being a member of an exclusive Vegas establishment we believe. It is hard to imagine for most people but a table for a single night at a Vegas club can cost $10,000. We have added DJs because we can offer a nightclub experience with hot girls which encourages more membership sales. We also believe we have a better product with our high levels of service and remodeled club. This has generated more interest crypto and the token LGD specifically. We are proud of what we have accomplished in just three months and see a very bright future in Las Vegas and elsewhere.
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goingmobile
Member
Offline
Activity: 81
Merit: 10
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November 20, 2017, 07:41:30 PM |
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Keep in mind, we have been open less than 90 days. Our rental program is relatively small now. Most people buy and use small amounts of the coin in the club. We have members who do not rental them out at all. They are wealthy and don't really care about the income or don't have a crypto background. They like the services that we offer in the club and they like being a member of an exclusive Vegas establishment we believe. It is hard to imagine for most people but a table for a single night at a Vegas club can cost $10,000. We have added DJs because we can offer a nightclub experience with hot girls which encourages more membership sales. We also believe we have a better product with our high levels of service and remodeled club. This has generated more interest crypto and the token LGD specifically. We are proud of what we have accomplished in just three months and see a very bright future in Las Vegas and elsewhere.
OK and...? That fails to address most anything I said previously. I need details how the rental system works, would like examples of actual possible revenue. I already understand what a club atmosphere is like, and can see all the shilling I want on legend rooms twitter. What I would like is details about the rental system & answers about the coin supply. |
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LegendsRoomLGD (OP)
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November 21, 2017, 12:45:38 AM |
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Until the system is automated, members send in a screen shot of the wallet or bittrex account. They do the same before we payout on Monday or Tuesday to prove they maintained 5000 coins over the weekend rental. There is a members area on slack and a private members email. Payouts range from zero to $100 depending on the night and the event. Big fights, Brody Jenner etc got returns. We have a Christmas party booked in the members area that we required members rentals for. A few upcoming conventions are also looking to rent the members room which is very cool. NYE will likely require a member rental for the whole place given the name of the host we expect to announce after Thanksgiving. The same host is back 4x in 2018 likely resulting in complete sell outs of the entire venue In January, we will have DJs Friday and Saturday nights to potentially generate steady rentals every weekend. And this is just the Vegas location. The proposed locations will pull from the same LGD member base.
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LegendsRoomLGD (OP)
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November 21, 2017, 03:24:37 AM |
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Daymond John from ABC's Shark Tank will be in the house in January. Look for his social media postings shortly. Great endorsement of our business model and first business personality to endorse it. Members should reserve early as this will likely sell out. Huge get for us.  http://abc.go.com/shows/shark-tank/cast/daymond-john |
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