LAS VEGAS, May 11, 2017 /PRNewswire/ -- The Legends Room (www.legendsroomlv.com) a gentleman's cabaret located in Las Vegas confirmed that it has pioneered the first topless initial coin offering.
A traditional initial coin offering is a way for start ups to raise money outside of venture capital. Investors receive digital tokens from the company in exchange for bitcoin or another digital currency. These token sales to the public usually help to fund a project that does not exist. The legality of the tokens and aftermarket trading especially in the United States is often in a grey area for issuers.
Enter the Topless ICO named after the topless entertainment that owners of Legends Room tokens actually receive. The club is issuing its own digital currency using the symbol LGD that allows holders to enjoy lap dances, alcohol, celebrity experiences, and entry into a private area at the Las Vegas club.
In the members area, LGD owners will meet adult film stars like Tasha Reign, Kat Dior, Penthouse Pet of the Year Kenna James, and London Keyes. Professional athletes like UFC Hall of Famer Stephan Bonnar and UFC veteran Phil Baroni will host UFC viewing events and celebrity bachelor parties.
The Legends Room is the first strip club in the country and possibly the world to accept digital currency according industry expert Arnold Snyder of Topless Vegas Online.
In addition to the touch and feel benefits of the Legends Room token, holders of 5000 tokens are considered members. Members may rent their spot out to nonmembers who wish to gain entry to the private VIP area. Token holders potentially earn money payable in dollars or bitcoin through rentals.
Current members include high net worth individuals, multiplatinum recording artists, professional athletes, Bitcoin celebrities, and crypto investors.
The Legends Room tokens are available exclusively on the Bittrex exchange until May 15, 2017.
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SOURCE Legends Room