FAQ
What is a Non-Fungible Token (NFT)?
A non-fungible token is a unique and non-interchangeable unit of data stored on a digital ledger. NFTs can be used to represent easily-reproducible items such as photos, videos, audio, and other types of digital files as unique items, and use technology to establish a verified and public proof of ownership
How many different types of tokens are there?
There are two types of tokens: The Gold Edition and the Platinum Edition.
Do all tokens come with the same utility?
Yes, the main difference between both editions is the number of guests they can bring, with more unique benefits coming to both tokens.
What is the Mint Price?
Price is TBA
When is the Mint?
The Mint Date will be announced shortly! (Q4 2022 )
What is the Supply and Available Supply?
The total supply is 10,000 ( 8000 Gold & 2000 Platinum ) with 500 kept in our reserves.
What is the max per wallet and transaction?
Two per wallet with no limit on the number of transactions.
Where will The NFT Yacht Club be located?
The Yacht will be primarily docked in New York, New York and travel down to Miami, Florida in the winter.
Should I buy an NFT even though I am not in the USA?
As web3 continues to evolve we will see many platforms like Opensea implement leasing mechanisms where a token holder can lease “rent out” their token to a non-token holder on a monthly basis, this could potentially create a new stream of income for many of our holders. We also expect a potential appreciation of the token value due to the amount of utility that comes with ownership of the token. After we successfully establish our presence in New York and Miami we will strategically begin to expand internationally.
Can I lease my token to someone else if I can’t use it for the month?
Yes, you can lease your token on the secondary market.
If I sell my token, are there fees associated with the transaction?
- Yes, all secondary sales on Opensea include 2.5% to Opensea and 7.5% to The NFT Yacht Club, both of which are paid by the seller.
What does ownership of this NFT grant me?
Your token gives you membership and access to The NFT Yacht Club, a USCG Certified Yacht with 4 levels which include the Main Dining Room, The Cigar Lounge, The Night Club and The SkyDeck Rooftop Lounge. All Food and Beverage costs are additional.
How does a token holder pay for their food and beverage on the yacht?
To start, all payments will be in USD not cryptocurrency. We will implement cryptocurrency payments in the short future.
Will there be any special amenities onboard?
We will have crypto ATMs onboard, NFT vending machines, and more!
Is there an age requirement to be a token holder?
To board the Yacht the token must present a valid form of ID 21+ and older, as do his/her guests.
If I don’t want to be a member any longer, can I sell my token? If so, how?
You can sell your token on the secondary market (i.e: Opensea.io)
How long is my membership valid for?
Your membership will remain valid as long as you are a token holder.
When will The NFT Yacht Club open?
Late Summer - Q4 2022
Will non-members have access to the restaurant?
Non-members will only have access to the yacht if they are a guest of a token holder.
How do the reservations work?
Reservations are made on a first come, first serve basis to all token holders. You do not need a reservation to enjoy the restaurant, however, you are also not guaranteed a table without a reservation. If there are available tables while you are enjoying the rest of the yacht, token holders will be offered any available tables that exist.
How far in advance can I make a reservation?
You can make your reservation up to 15 days in advance of the day you would like to visit.
Is there a limit on the number of reservations a token holder can make?
NFT Yacht Club members can make as many reservations as they’d like
How many guests can you bring with the Gold Membership?
Gold Token Holders can bring up to 1 guest.
How many guests can you bring with the Platinum Membership?
Platinum Token Holders can bring up to 9 guests.
