The Pangolin Collection NFT gives owners access to travel benefits
NFTs (non-fungible tokens) are unique digital objects containing computer code and data that convey ownership and can be used to promote customer loyalty by extending specific privileges to NFT holders.
The Pangolin Collection NFT has minted 111 unique NFTs that are said to give owners access to exclusive local and international travel perks and discounts.
Creators of the NFT-based travel membership programme, Euphoric Leisure says that this is the first time that tangible, real-world travel benefits and privileges are being attached to tradeable, transferrable digital assets by a local company.
“Traditional travel clubs and memberships tend to be rigid, full of hidden costs, and notoriously difficult to exit. We have conceptualised the Pangolin Collection NFT to be the opposite – giving holders immediate, tangible short-term benefits, as well as potential long-term upside from what is ultimately a tradable digital asset that can appreciate over time. We’re using NFTs to turn a travel membership into an alternative investment vehicle,” explains Euphoric Leisure director Dean McLuckie.
The limited number of NFTs issued aims to generate a return on investment for customers if Pangolin Collection NFTs are sold in the future.
Member benefits include:
- 50% off 7-night stays throughout the Pangolin Collection (limited blackout dates apply).
- 20% off all stays less than 7 nights even during blackout dates.
- The ability to exchange weeks in the Pangolin Collection to travel throughout The Registry Collection's portfolio of over 150 international destinations.
- Access to a dedicated member liaison/concierge to help members plan and organise their travels throughout the year.
- First year’s fees pay for a Xapo bank account, which is a virtual asset currency provider.
- No recurring fixed annual costs.
- Members can book an unlimited number of times a year.
Euphoric Leisure explains that each Pangolin Collection NFT is a unique piece of digital art that helps raise awareness of the pangolin, which is recognised as the world’s most trafficked mammal and one of Africa’s most endangered animals, and says that 2.5% of all the NFT purchases will go to pangolin conservation.