FAQ

What is an NFT or Non-Fungible-Token?

NFT stands for ‘non-fungible token,’ meaning that it is original and cannot be replaced. It’s a non-interchangeable unit of data used to represent items like collectible digital artwork or ownership of literal property, including real estate property and Memberships (like ours!). It utilizes blockchain technology to establish verified and public proof of ownership.

Your NFT can be traded, sold, or transferred on the secondary market. We recommend OpenSea, similar to an eBay for crypto assets and the largest marketplace for crypto goods and virtual goods hosted on a blockchain. On OpenSea, transactions happen through a smart contract.

What is a smart contract?

Smart contracts permit trusted transactions and agreements between anonymous parties. They are bound without the need for a central authority or legal system.

It makes all transactions simple and easy without all the middlemen complicating things and creating unnecessary expenses.

How do I purchase an NFT?

Our NFTs are purchased with Ether (ETH) cryptocurrency or USD via your debit or credit card.

What is ETH, and how do I get it?

ETH is the cryptocurrency of Ethereum. While crypto is unavailable through a bank or brokerage, it can be purchased on crypto trading platforms like Coinbase and Gemini. It’s also available via Venmo and Paypal.

Is a Membership or an Aspen Lakes NFT an investment

No. The Memberships and the Aspen Lakes NFTs serve exclusively as digital certificates representing their Holders’ Membership Rights. They are not intended for any investment purposes. We make absolutely no promise or guarantee that the Aspen Lakes NFTs will hold any particular value once minted.

Although an Aspen Lakes NFT may be resold, there is no guarantee that a market for Aspen Lakes NFTs will develop and Rhue Resorts makes no promise or guarantee that such a market will develop

How many different types of Aspen Lakes NFTs will Rhue Resorts have?

For every Rhue Resort, starting with Aspen Lakes, there will be a limited-edition of Founding Memberships and Golf Memberships, represented by an Aspen Lakes NFT. The Aspen Lakes NFT is valid only at Aspen Lakes Resort; we expect that each future resort will mint its own NFT that is valid at that resort.

Rhue Resorts will release a limited Leisure Membership NFT which would give their owners access to the resort for limited time, such as one-week, two-week or four-week stays each year. However, Founding Memberships will have priority to all amenities. In the future, a residential member token will be developed and become available to purchase, for those that wish to purchase a lot, a home, or a condo at Aspen Lakes. Founding Members will have first right to acquire lots, homes, and condos as they become available.

In the future, a residential member token will be developed and become available to purchase, for those that wish to purchase a lot, a home, or a condo at Aspen Lakes. Founding Family Members will have first right to acquire lots, homes, and condos as they become available.

Can I purchase more than one Aspen Lakes NFT?

There is no limit on the number of Aspen Lakes NFTs you can purchase. Each Aspen Lakes NFT carries specific identification, meaning Members can buy additional Aspen Lakes NFTs for friends and family, but each Membership requires a unique email associated with it

How many Aspen Lakes NFT can someone buy at one time?

You can purchase one Aspen Lakes NFT at a time and repeat the process as many times as you wish while supplies last. However, each Aspen Lakes NFT must be associated with a unique wallet/email.

How will the proceeds from the sale of Aspen Lakes NFTs be used?

Proceeds from the sale of NFT Memberships will be used for the acquisition and to complete development of the new and improved Aspen Lakes Golf & Adventure Resort.

What happens if there are delays in completing the development of Aspen Lakes?

For further additions, Aspen Lakes has been approved for additional features and amenities such as hotel, water park, etc. However, if there are delays due to the sometimes-slow process of acquiring building permits, access to materials, or other unseen difficulties, or for any reason, Members will be kept informed of those changes and delays. Rhue Resorts is committed to completion of the development of Aspen Lakes in a timely manner and ensuring that Members will be able to enjoy the many more planned additions as quickly as we can get them built!

Is there an age requirement for Membership token-holders?

Yes. Members must be at least 18 years old. Please note that while you may be 18 years of age to own an Aspen Lakes NFT and can make a reservation, a valid ID will be required to purchase alcoholic beverages at our restaurants and bars.

How long will my Membership be valid?

For a lifetime – and potentially beyond. Your Membership is valid as long as you are an NFT-holding Member. If transferred to another person through a gift or sale, the Membership will remain active for the new owner. New Members must navigate to the Members Website and update the information accordingly.

Can my family member use my Membership token?

Yes the family member can use their NFT, the resort just needs notified ahead of time.

If I sell my Membership, are there transaction fees?

Yes. All secondary sales of any Aspen Lakes NFT on OpenSea will be subject to (i) a 2.5% transaction fee assessed on the value of such Aspen Lakes NFT at the time of its sale which will be paid to OpenSea and (ii) a 10% transaction fee assessed on the value of such Aspen Lakes NFT at the time of its sale will be paid to Rhue Resorts.

If I sell my Membership, will I have to pay taxes?

You are personally and solely responsible for any and all tax liability which may arise from minting or reselling Aspen Lakes NFTs, and Rue Resorts makes no recommendation regarding the tax treatment of the Membership or an Aspen Lakes NFT. Rhue Resorts advises you to seek independent tax advice regarding your individual tax responsibilities from buying, selling, or transferring your Membership or Aspen Lakes NFT.

Are resort amenities such as food, lodging, etc., included in the Membership token price?

Your Membership grants you Members only access to the resort and all amenities. USD payment will be required for items such as food, lodging, spa services, and our water park, while other amenities are at no cost, such as all sports courts, hiking and bike trails, disc golf, miniature golf, and many other planned amenities.

How does a Member pay for the products and services that require payment while at the resort?

All payments can be made with USD, not crypto. Stay tuned, though – Rhue Resorts plans on minting an in-house token which will be open for sale only NFT holders and other Rhue Resorts guests to be used while at the resorts. Think of it as a rewards program, where Members can purchase tokens ahead of time at a discount to use while at the resort. You will be able to pre-purchase these in-house tokens with either USD or cryptocurrency.

Is there a penalty for being an Aspen Lakes NFT-carrying Member but not using the Membership?

Nope, it’s your Aspen Lakes NFT and your Membership. However, we encourage our Founding Members to rent out their Membership when they are not using it.

Can I sell my Aspen Lakes NFT if I no longer wish to be a Member?

Yes. You can sell it on OpenSea or gift it to a lucky someone.

Can non-Members access the resort and amenities?

Non-Members will only have access to the resort and amenities if they are a guest of the Member or have rented a Founding Members NFT. The only exceptions will be special concerts and events in our outdoor amphitheater, with seating availability prioritized for Members.

As an Aspen Lakes NFT holder, do I need reservations for golfing tee time, restaurants, lodging, camping, etc.?

Yes. Reservations are made on a first-come, first-served basis to all Members. Feel free to call us for any last-minute availability needs, though. Sip and sit; enjoy wine or a cocktail in our lounges, patios, or tasting rooms while you wait – or any location on the property that doesn’t require a reservation

How many reservations can I make?

As many as you’d like. Live your vacation is a motto we stand by. Plan as little or as much as you’d like, for as long as you’d like.

Is there a limit to how many guests a Member may bring?

No. The more, the merrier! A Member can make reservations for guests to stay at the hotel, and for amenities and activities so long as the Member is present to accompany their guests while they are at the resort.

Can I make reservations for my guests as a gift and not be present?

Members or the person renting the NFT, must be present for accompanying guests to access the resort amenities and activities

Are Members penalized for a no-show reservation?

No. But your reservation may be canceled if it is a no-show and we haven’t heard from you regarding a cancellation or time change. Please be courteous and let the staff know if your plans change.

How many guests may I make reservations for?

Currently the Aspen Lakes Lodge Main Hall i has several private rooms accommodating 20 to 200 people. The main area can be reserved for weddings or other special events and seats up to 400. In the future, we plan on having a much larger capacity. Expect a Conference Center for large corporate events and a Wedding & Event Center for more intimate, personal gatherings. Capacities in both future venues will definitely accommodate any event you can image!

Where can I learn more?

Additional information about terms and conditions relating to this Website, Aspen Lakes, the Memberships, and the Aspen Lakes NFTs is available here: Website Terms of Use, Membership Terms of Use, and Privacy Policy.