LAS VEGAS, Nevada — The Legends Room is proud to announce the creation and debut of its members-only gentlemen’s cabaret where members will be identified via ownership of digital VIP tokens, which go on sale Feb. 24.

Ownership of 5,000 Legends Room VIP tokens will provide a single lifetime membership to the club allowing entry to the most exclusive experiences in Las Vegas.

The first 14 days is a pre-sale period during which one membership will cost approximately $4,500. Following the pre-sale, memberships will be bumped up to approximately $5,000 each. Membership will be limited in perpetuity to 3,000. The token offering runs until April 15, or once all tokens have been purchased. At the sale’s start, the cost conversion will be one ether to 12 VIP tokens (1 ETH = 12 VIP).

“We’re excited to partner with the Legends Room team to combine their physical business with the blockchain,” said Bill Shihara, CEO of Bittrex.

“The tokenization of their membership system creates efficiency for their company by eliminating manual bookkeeping and fraudulent memberships while expanding their customer base globally.”

“Crypto-tokens make excellent access keys, and Legends Room is pioneering a very novel application of this concept: fully-liquid, tradeable membership tokens. I think the idea will catch on,” said Erik Voorhees, CEO of ShapeShift.io.

Instant digital asset exchanges Bittrex and Shapeshift.io will be a part of the Legends Room VIP token sale, allowing participants to use over two dozen different cryptocurrencies.

Run by Las Vegas club manager and promoter Nick Blomgren, hosted by UFC Hall of Famer Stephan Bonnar, and curated by the most famous adult star in the world, Asa Akira, the Legends Room is looking to transcend all expectations of Las Vegas club life with the future of currency in mind.

“We have created an experience unlike any other club in Las Vegas and look forward to the next generation of nightlife,” Blomgren said. “Beautiful girls, amazing service and unparalleled exclusivity.”