FAQ

Frequently Asked Questions

An NFT is an initialism for Non-Fungible-Token. An NFT is used to identify a unique digital asset publicly stored on the blockchain. This allows anyone to verify that an asset is authentic and who it is owned by.
Memberships as NFTs allow holders innovative ways to interact with their digital assets. As a SHŌ Club holder, you can make money from your membership when you sell it, stay anonymous or publicly claim ownership, and be a part of an entirely new type of community.
Yes, individuals who have been provided access to the presale will have the ability to purchase a membership with a credit card.
If you purchase a membership with a credit card, you will receive your membership in your wallet within 2 weeks of the public sale. If you purchase a membership via the allowlist or during the public sale, your membership will be in your wallet after it is minted.
A crypto wallet is an application that can store crypto currency and NFTs. We recommend Metamask (metamask.io) This is a secure application that will hold your membership. DO NOT share your crypto wallet recovery phrase with anyone, we will never ask you for your recovery phrase.
Your wallet address is a long string of characters that can be copied from your crypto wallet. This can be shared so that we can send you your membership. DO NOT share your crypto wallet recovery phrase with anyone, we will never ask you for your recovery phrase.
We will NEVER ask you for your recovery phrase. If it looks like we are, you may be the victim of a phishing campaign. Please let us know in our Discord if this is happening. DO NOT share your crypto wallet recovery phrase with anyone, we will never ask you for your recovery phrase.
Yes, during normal business hours there will always be areas of SHŌ that are fully open to the public. However, there will be a members only lounge along with members only events that are closed to the public.
No, to gain access to members only areas and events, the actual member must be present. Some areas and events may allow for the member to bring guests. You may bring up to 3 guests per visit into SHŌ Club.
The initial Global Founding Members will have lifetime membership to SHŌ Club.
No, Global Founding Members will pay a one time fee to join SHŌ Club.
You can sell your membership on OpenSea, which is a secondary market for NFTs. Opensea will take a 2.5% commission, and 10% will be paid to SHŌ Group.
Yes, members will be required to pay for food and beverages during their visits.
As strong proponents of blockchain technology, we believe in the future of cryptocurrency, and do have plans to accept it as payment in the future. More details will be reveleved closer to the opening.
You can read more about our three membership levels HERE
Yes, you can purchase up to 2 memberships for a single wallet.
We are anticipating the grand opening to take place in fall 2023.
Global Founding Members will have access to all future SHŌ Club lounges.
For individuals purchasing with a credit card, there will be a 3% transaction fee. Individuals purchasing with Ethereum will be responsible for gas fees during minting.
Typical resell fees include gas fees (variable), a 2.5% marketplace fee (OpenSea), and a 10% royalties fee which help offset the costs of maintaining the club.

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