No trading of the token will be allowed until the crowdfund ends and escrow is released.
BTC
%
LGD
 ALL SALES ARE FINAL AND THERE WILL BE NO REFUNDS - by participating in this crowdfund, you are agreeing to the terms.

You have 0 LGD tokens.

Bittrex will be hosting the Legends Room (LGD) Crowdfund Campaign. As a reminder, we are providing escrow for the development team. We are not endorsing this coin or any others on our exchange. Please do your own research before trading.


Legends Room ANN https://bitcointalk.org/index.php?topic=1874632.0

Nick Blomgrem, President and CEO

Stephan Bonnar, Vice President


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, we 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.

We are mindful of scams, copyright violations, and offensive subjects and reserve the right to refuse any coin on our platform and cancel a presale at any time


For more information about the Legends Room, please visit https://legendsroomlv.com. We make no warranties or guarantees about its authenticity. As always, please do your own research.