This was posted 2 years 1 month 26 days ago, and might be an out-dated deal.

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[VIC] Purchase Gold Tier NFT for US$150 (~A$208), Get A$500 Worth of Meals, a Shirt & Virtual Metaverse Asset @ Third Wave Café

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[VIC] Purchase Gold Tier NFT for US$150 (~A$208), Get A$500 Worth of Meals, a Shirt & Virtual Metaverse Asset @ Third Wave Café
Go to Deal
omega31 on 21/02/2022 - 21:07 thirdwavenft.club (606 clicks)
Last edited 03/03/2022 - 17:58 by 2 other users

Hi all, long time lurking and New to posing so please be kind.

I am not affiliated in any way to the restaurant and not sure if this is the best location but think it’s a great deal if you like American BBQ.

Third Wave Café have launched the first restaurant utility NFT Collection with a multitude of perks / use-cases.

2 tiers of NFTs will be available:

GOLD TIER: Total Number 9500 / Cost USD$150*
• Access to 10% of restaurant profits distributed to all NFT holders once a year,
• Free NFT T-Shirt - valued at $40
• FREE Airdrop of Land in the Restaurant Metaverse
• $500 in free meals
• Exclusive events only for the NFT holders

PLATINUM TIER: Total Number 500 / Cost USD$800*
• Access to 20% of restaurant profits distributed to all NFT holders once a year
• 1 Free Special Every Month - valued as much as $1500 per year
• 30% Discount on all food and drinks for the NFT holder and up to 3 others - valued around $2000 yearly if visiting regularly
• FREE Airdrop of Land in the Restaurant Metaverse
• 2 x Free T Shirts - valued at $80
• Exclusive events only for the NFT holders
• 2 bottles of house made sauce

Payment for minting of the NFT can be made using Polygon, Ethereum, USDT and USDC on the following chains, Payment can also be made by Fiat using a Credit Card

I am no crypto expert but did get some as the $500 benefit alone is worth it. NFT can be traded and is open to everyone but as the Restaurant location is in Melbourne will most likely benefit Melbournians more.

The restaurant has a dedicated active Discord https://discord.gg/eRqVNZ95 if you have any questions or need support with the process.

Third Wave Café Club Update:

My family and I had an amazing lunch at the “Third Wave Café” using the NFT.

The restaurant was fully booked so recommend making sure to book using the online booking service.

NFT usage was not an issue even though requires a manual process while they complete the software implementation for the orders and NFT Club website.
Got to talk to the Owner and could see the enthusiasm and vision for the restaurant NFT club, Keep In mind if you get an NFT you will find it very hard not being a regular at this place including bringing all your friends.

Things to highlight for discussion on discord and other tax forms.
The NFT Club is Not a financial product of any kind and is a utility. I am not a financial person but guess the legal team had all of this covered. NFT Club discord was full of people with questions that found that this is the real deal.

For the comments about the cost of the food not being worth it, please keep in mind that the quality is great, portions are huge, and the images do not do them justice, the specials provided once a month for free can feed 4, plus you get 30% discount on anything else. If you get the gold, you get $500 to spend which is over 20 burger meals. All this does not include the future of the NFT club, events etc

For all the negative comments, This has never been done this way in Australia so please get the facts first, join the discord and ask questions or even better go in and see for yourself.

I have my next booking already planned and as I can read on discord so do many others.

Thank you gregor20 and team for an amazing time and meal at your restaurant.

Dining & Takeaway Meal Non-Fungible Token T-Shirt

Related Stores

Third Wave Cafe
Third Wave Cafe

closed Comments

  • Iwantthebestprice on 21/02/2022 - 21:09
    +1

    Huh?

  • scanuck on 21/02/2022 - 21:09
    +9

    Comments should be great

  • dm02 on 21/02/2022 - 21:10
    +8

    me reading the comments

    dm02 on 21/02/2022 - 21:10 (Collapsed - Offtopic. Show)
  • BrewerHaHa on 21/02/2022 - 21:12
    +4

    How is this a bargain?

  • ShireBarrrgainnns on 21/02/2022 - 21:13
    +3

    Here for the view

  • Sidog on 21/02/2022 - 21:14
    +3

    What a shit idea

  • domo653q on 21/02/2022 - 21:16

    Please read rules before posting.

    • omega31 on 21/02/2022 - 21:21
      +6

      I did mention I was not sure this is the place but paying $200 for $500 of meals with other benefits seems like a great deal to me, this could have been done using other methods, but I personally think using NFT is a great way for membership as can be transferred over time.

      • Bargain-er on 22/02/2022 - 18:02
        +1

        Yeah paying $200 for $500 credit is great especially if u combine with other discounts if any.

  • Minimum-Chips on 21/02/2022 - 21:16
    +2

    Great food!
    I wonder if ownership of the cafe was transferred if this would prevail?

    • DemocracyManifest on 21/02/2022 - 23:30

      Haha no way

    • [Deactivated] on 22/02/2022 - 12:15
      -1

      The only ownership transfer will be to the Australian Government when they get bankrupted for not lodging or paying GST. Neither the cafe which is going to give 30% of it's profits nor the NFT issuer which is a Menulog dark kitchen is registered for GST. I find it hard to believe they don't meet the threshold to register.

      Oh wait, it gets better. The cafe is already owned by a different owner from the entities listed in the NFT terms. It's owned by a unit trust which isn't named anywhere, so the NFT promises to give you a share of 30% of the profits from a shelf company with no income. Nice.

  • awaiko on 21/02/2022 - 21:16
    +7

    There are so many sketchy things in such a short number of dotpoints. (And the website doesn't actually give any more details, like how that $500 of 'free' meals works out…)

    • omega31 on 21/02/2022 - 21:25

      I usually stay away from NFT's but this is from a legitimate restraunt with a great use case and reputation, people have already used it and got the meals.
      they are in very early stages but from reviewing on Discord they are in full speed development.

      Did you go to the website and select the NFT promotion ?
      Direct link https://thirdwavenft.club/

      • [Deactivated] on 22/02/2022 - 12:13
        -1

        Legitimate restaurant? The NFT terms say that "Mongab Pty Ltd" which isn't registered for GST, has no registered business names, used to be called "Affordable Living Pty Ltd", and has a registered business address in a totally different suburb from the cafe (and the claimed registered address in the terms), will give 30% of it's after tax profits (remembering it's not registered for GST) to the DAO which will distribute them to holders of NFTs issued by "Virtual Food Hall Pty Ltd" which has four business names which exist only on Menulog, and is also not registered for GST.

        Just from that alone, involuntary participation in an ATO audit will be another dot point to add to the benefits list!

    • Aequitas on 21/02/2022 - 21:57
      +1

      Ye, how does the $500 work if you can sell it to someone else, do they also get $500 of free meals?

      • omega31 on 21/02/2022 - 22:07

        My understanding is restaurant links the wallet every time you pay and the in-home system knows how much credit you have. If you sell, it will be with the remaining credit only. platinum tier has yearly credits better for resale but out of my scope :-)

        • Tyrx on 21/02/2022 - 22:13

          The profit redistribution aspect is hilarious - I wonder if they sought legal advice before implementing this… It sounds like what you would expect from structured products and securitisation, and there are very strict rules governing how issuers should conduct themselves in Australia. I would guess ASIC would be very interested in this company?

          Caveat: I’m not a lawyer, but I know the U.S. Securities and Exchange Commission and other regulators have successfully prosecuted what they deemed to be unregistered digital asset securities. I vaguely recall another NFT project where someone moved from Australia to Singapore in order to launch it due to the regulatory environment, can't remember the name though. Any keyboard lawyers happen to be on OzBargain who can shed some light?

  • happykamper on 21/02/2022 - 21:22
    +6

    No F'n Thanks

  • Senator Mendoza on 21/02/2022 - 21:25

    Very nebulous value

    • Associatedgregor20 @ Third Wave Cafe on 22/02/2022 - 08:41
      +1

      How is it nebulous? It's as clear as it gets. Gold gets you a variety if things and $500 in food credit and Platinum gives you as much as $1200 free food a tear, plus 30% discount for you and 3 friends.. Not even talking about all the other perks?

  • Wizard on 21/02/2022 - 21:26

    How exactly is this a deal? I wasn't aware vapoware was a deal.

  • becku on 21/02/2022 - 21:26
    +1

    • FREE Airdrop of Land in the Restaurant Metaverse
    • $500 in free meals

    Does it mean I would have the honour to eat that $500 virtual meals in the metaverse

    • omega31 on 21/02/2022 - 21:34
      +2

      No, asked simialr question on Discord.

      For gold $500 credit for anything on the menu,
      you use the wallet to link in the restaurant as it logs the remaining benefits.
      It is valid for takeways but must be picked up as you need to scan the barcode with metamask wallet.

  • Themainjames on 21/02/2022 - 21:30

    Smells like fake equity

    • Associatedgregor20 @ Third Wave Cafe on 22/02/2022 - 08:42
      +2

      there is no equity conversation here, just utility

  • becku on 21/02/2022 - 21:30

    Just found a second active discord for the restaurant. Seemed legit.

    • ilovefullprice on 21/02/2022 - 21:42
      +1

      For a project having 2 discord groups sounds a little iffy. Make sure it’s legit and not a scam group filled with bots.

      • omega31 on 21/02/2022 - 21:46

        It's not a link to Discord,
        Same Discord channels can have multiple urls as it logs the user-specific invite code.

        • ilovefullprice on 21/02/2022 - 22:32
          +1

          Hah I didn’t click on that link but now I know is that video 😂😂

  • roseyhead on 21/02/2022 - 21:31
    +1

    Is that $500 of real physical food for $150 (USD)? Or $500 worth of VR Metafood? I'd probably bite if it's real food despite how ridiculous it is to track customer accounts with blockchain nonsense like this

    • Associatedgregor20 @ Third Wave Cafe on 22/02/2022 - 08:43
      +1

      Yes it's real food in a real business that has been in business for almost 12 years. Tell me of 1 other project NFT that can say that

  • stuartfaz on 21/02/2022 - 21:35
    +5

    "free airdrop of land in the restaurant metaverse" is definitely a sentence

  • ilovefullprice on 21/02/2022 - 21:36
    -4

    Nice creative use case for NFTs. Only time will tell if the NFT tokenomics would work.

    Those negging are probably boomers not susceptible to change or new things.

    • Senator Mendoza on 21/02/2022 - 21:50
      +1

      It's effectively just a subscription service that costs $150-800 per one-time subscription. The NFT aspect isn't really necessary if the perks are actually worth that much…

      • ilovefullprice on 21/02/2022 - 22:21
        -3

        What I am talking about are NFTs and the Metaverse which are new.

        • Senator Mendoza on 21/02/2022 - 22:58

          The technology is interesting, and might have a lot of potential in the future - but that doesn't mean it's worth much for a consumer, other than as a wildly speculative investment.

          • ilovefullprice on 21/02/2022 - 23:27
            -1

            @Senator Mendoza: The tech space is always speculative. At the same time, history has always shown technology always wins, especially those which are being pushed forwards by big tech companies.

      • Associatedgregor20 @ Third Wave Cafe on 22/02/2022 - 08:44
        +1

        It is not, you need to real the offer to understand

      • peter05 on 22/02/2022 - 09:10

        Although on the surface it appears that way, there is a nuance that needs to be taken into consideration here.

        With a normal subscription service, it could offer majority of what is posted above in the Gold Tier, however where it becomes sticky is the profit share. In this case it is important that the number of NFT holders is visible to all, in particular the NFT holders as then you can verify how the profit should be distributed.

        I wouldn't personally place any stock/value on the profit sharing component and just take it as a subscription/preorder service as you said, but I thought it was worth pointing out/mentioning the above little difference. If you take that into account then the NFT aspect is more necessary than you imply it to be.

    • Tyrx on 21/02/2022 - 22:01
      +1

      Immutable distributed databases aren't anything new mate - they have been around since the 1990s. Nobody uses them because there are very little use cases for them. Hustlers gotta hustle though.

      • ilovefullprice on 21/02/2022 - 22:21
        -1

        What I am talking about are NFTs and the Metaverse which are new.

        • Tacooo on 22/02/2022 - 00:08

          Yes, that's exactly what he said. No idea what an NFT is clearly and just enjoy the buzz around the acronym.

          • ilovefullprice on 22/02/2022 - 00:25
            -1

            @Tacooo: Sometimes timing is also everything. NFTs and the Metaverse are components to Web3.0 that developers all around the world are now presently working on building.

    • roseyhead on 21/02/2022 - 22:02
      +2

      There are uses for NFTs, this isn't really one. Why would this dinky little restaurant need to track account membership on a globally-accessible ledger?
      I'd be a bit wary of this actually, I googled third wave cafe to see if they had locations other than albert park and their Google record has clearly been hacked or something:

      犀利士台灣線上專營,台灣免處方，台灣官網CIALISADS.COM
      台灣犀利士線上專營| 正品超值優惠| 犀利士網購認準/。大幅增加男人戰鬥力，讓您重拾雄风，尽情享受爱。台灣代理直送免運費，堅持只賣正品有效的犀利士。

      • omega31 on 21/02/2022 - 22:13

        strange. That's new, It did not come up in my searches earlier today.

        • roseyhead on 21/02/2022 - 22:17
          +1

          thirdwavenft.club was registered in december, so that and this could be totally separate things. Doesn't exactly inspire confidence though

          • Associatedgregor20 @ Third Wave Cafe on 22/02/2022 - 09:12

            @roseyhead: that's when the project was starting to take shape.

      • ilovefullprice on 21/02/2022 - 22:27
        -2

        There are uses for NFTs, this isn't really one.

        I have to disagree with this. In the crypto space, innovation is key. There are tons of projects experimenting on all kind of different things. Only time will tell if new use case projects will succeed or fail. But you will never know if you never try.

      • Associatedgregor20 @ Third Wave Cafe on 22/02/2022 - 08:47
        +1

        yes, our main restaurant was hacked for a day and the hacker installed a redirect. All fixed now.

        First of all we are not a dinky little cafe, thats just offensive. Not sure if you wanted to be offensive.

        Secondly many reasons for doing this, starting with we are the first in the world to create an NFT with the kind of utility offered and many more reasons. Lets hope that you get out of you mistrusting, offensive and negative attitude and maybe give this some more thought.

        The easiest thing in the world is to crap on everything.

        • roseyhead on 22/02/2022 - 08:52

          I'm not trying to be offensive but let's face it, you guys are no global brand. You serve a few dozen square km. Which of all the perks couldn't be accomplished with a regular customer loyalty program? What benefit do you or any of us gain from using a global network to track membership?
          You could be the first in the world to carve QR codes on coconuts and hand those out. Doesn't mean it makes sense to do so.

          • peter05 on 22/02/2022 - 09:11

            @roseyhead: If you go through their social media history, they make a lot of "viral" content so the NFT aspect i think fits into this.

            In addition, i posted above about why i can see that the NFT use case could be argued, verifying how many holders there are to distribute the profits evenly etc. Whether or not you agree with the use of NFTs is up to you but there is an actual reason that I can see where it would be beneficial to use the global ledger :)

          • Associatedgregor20 @ Third Wave Cafe on 22/02/2022 - 09:24
            +1

            @roseyhead: WE have created 2 tiers specifically to answer the issue you raised. The cheaper Gold tier provides significant value to the potential restaurant customer, but it also provides value to anyone anywhere in the world. Just because we at present are a single venue business does not mean we can not develop a global business through digital and real world engagement. For example, as our NFT holder you will be invited to free events in areas near you, say NY or LA or London etc… We will be organising these and spend the money raised on various perks for the holders. Other plans to build a global community and add value to it are in the works. So don't be too quick to say that this will not work.

        • [Deactivated] on 22/02/2022 - 12:33
          -1

          Actually, there are a lot of things to distrust about this. For example, your NFT terms on your website say that the NFTs are issued by Virtual Food Hall Pty Ltd registered at 181 Victoria Ave, Albert Park, and Mongab Pty Ltd trading as Third Wave Cafe also registered at 181 Victoria Ave, Albert Park will fund the DAO with 30% of its after tax profits for distribution.

          Virtual Food Hall Pty Ltd is a dark kitchen on Menulog that isn't even registered for GST, and actually has a registered address in South Melbourne. With the cost of these NFTs, combined with Menulog income, are you seriously telling me that it doesn't sell enough to have to register for GST? In the ATO's view, an NFT is a good or service and is both assessable income and taxable under the GST regime.

          Mongab Pty Ltd doesn't even have an ABN, let alone GST registration, and has a registered address in Bentleigh East. Are you seriously telling me your successful cafe also does not sell enough to have to register for GST?

          Third Wave Cafe is a registered business name which is owned by the trustee for The York Rips Unit Trust which is registered for GST, but isn't mentioned anywhere in connection with the NFT terms.

          Based on your own terms, a shelf company with no or negligible income will give 30% of it's after tax profits to the DAO to distribute to NFT holders.

          It's utterly byzantine.

          • Associatedgregor20 @ Third Wave Cafe on 22/02/2022 - 13:18
            -1

            @[Deactivated]: I guess you are an expert now… Anyway this is not the forum to discuss company structuring.

            • [Deactivated] on 22/02/2022 - 13:35
              +1

              @gregor20: This is exactly the forum to discuss aspects of your structuring that are directly relevant to the operation of the deal that is posted in this forum.

              This is exactly the sort of response that screams "scam". If you want to build trust in your deal, actually directly addressing things that make it look dodgy is kind of important.

              • Associatedgregor20 @ Third Wave Cafe on 22/02/2022 - 13:45

                @[Deactivated]: If it looks dodgy to you, that's ok…. as I said, if you feel that we are somehow doing something dodgy, its because you have no idea who we are, that we have been in business for 12 years. That we have a huge following, that we have served over 100,000 customers.Structuring of a business is a private affair. It will notto be discussed in a public forum. However, if that is a red flag to you, fine, don't buy anything. Not even from the restaurant, you never know… because you don't like the company structure we may try to poison you, you just never know these days.

                • [Deactivated] on 22/02/2022 - 13:48
                  -1

                  @gregor20: You explicitly say in the contract that "30% of the profits from Mongab Pty Ltd will be given to the DAO that will be shared with the NFT holders". When you're claiming that 30% of the Cafe's profits will be shared through the DAO with the NFT holders, but the contract actually says it's a completely different company which doesn't actually make any revenue that will be sharing it's profits, your structuring actually isn't a private affair, since it's directly relevant to the contract you put out there.

                  It doesn't sound dodgy, it is dodgy. And you're extremely unprofessional.

    • JMxoxo on 21/02/2022 - 23:42

      This is not a creative use case for an NFT. This is a gift card + member card essentially. Just seems bare minimum and they have their own DAO? Do they not understand how DAOs work lmao

      • ilovefullprice on 21/02/2022 - 23:59

        Creative in the sense where they have integrated NFTs with their restaurant business. Rather than using gift cards, they have used NFTs.

  • Thiefsie on 21/02/2022 - 21:50
    +1

    So I might be a bit slow here - but do we get to see projected profits or existing trading history to verify what might be a decent investment?

    Being paid in $TWD seems a bit suspect. Which market values that cryptocurrency?

    If I ate there regularly (and lived close) I'd at least be interested…

    • omega31 on 21/02/2022 - 21:57

      That is also unclear to me and not fully detailed on the website, my understanding is the club link will have a built-in exchange and will provide further information once clarified. I got it on the first round for the food the rest will be a bonus.

      • Thiefsie on 21/02/2022 - 22:10
        +5

        Went through the terms, apart from an error in the sauce bottles included with platinum (4 in the fine print vs 2 in the large print), they withhold any financial performance info or projected profit.

        The biggest kicker is likely this:

        If you engage in a Secondary Sale of your NFT, you acknowledge, agree and guarantee Us that We shall have the right to 5 (five) percent of the Secondary Sale Price.

        And of course their right to withdraw any bonuses if things change, yada yada.

        I dunno. Seems like a somewhat okay risk.

        Lastly, they mention that if it's considered security by a prudent court system, thay may be forced to alter the rights. (well duhh I guess - but risky nonetheless). Moves in this direction have already been made here if I'm not mistaken.

        I would also like to know that if all NFTs are not sold, does the profit stake increase in size (larger piece of the pie) proportionately - is that how 'pro-rata' in this area is meant to work??

        Dropping ~$220 and then claiming $500 in food pretty quickly might be worth it quickly, if nothing else.

        9.5k times $500 ($4.75M) is a lot of lost income… and that's just gold tier. Put that against an income of just under $2M for the same and I guess that's the expected retail markup against cost??? (I don't know - I don't work in anything near hospitality…)

        • Thiefsie on 21/02/2022 - 22:21
          +1

          From Discord:

          Third Wave NFT Club: lots of good questions, lets deal with them one by one. The current plan is to keep the mint open for at least 3 months. The belief is that by then we will sell out. If not, depending on the market conditions at that time, we will stop the sale. In that case the profit allocated to the Gold Tier will be distributed to the NFT holders, however many there are.

          Regarding profits, we are not providing any projections or estimates. 30% of the after tax profit will be paid to the DAO and the DAO will distribute the profits to the holders per their vote.

          Regarding validation, we are writing our own software to validate the ownership of the NFT. Furthermore, anyone will be able to search specific NFT to see what has been used. i.e. how much out of the $500 food allocation has been used. Or in case of the platinum NFT, has the current month's special been taken up etc….

          • omega31 on 22/02/2022 - 07:39
            +1

            @Thiefsie: That’s great information, thanks.

            The Discord channel did provide me with lots of answers.
            Not sure why all the neg just because they are the first to use “NFT” for the deal.

            I think If you plan to go to the restaurant It’s still a great value for the food alone.

            Just put a reservation to eat in using the NFT, can report back if I have any issue.

            • Associatedgregor20 @ Third Wave Cafe on 22/02/2022 - 08:48
              +2

              @omega31: see you soon, hopefully, your experience will dispel the crazy negative vibe that is given off here.

              • peter05 on 22/02/2022 - 08:53

                @gregor20: Are you here posting as an official representative of the Third Wave Cafe?

                Can you provide some verification that you're posting in official capacity so we can ask you questions? EDIT: we can always ask questions, but that the answers hold water :)

                Thanks

  • shruglord on 21/02/2022 - 22:03
    +9

    FREE Airdrop of Land in the Restaurant Metaverse

    HAHAHA (profanity) THIS

    • Associatedgregor20 @ Third Wave Cafe on 22/02/2022 - 08:48
      +1

      why?

  • nosytt on 21/02/2022 - 22:22

    Going off previous experiences with American BBQ, $500 should get you about 700 grams of meat with some paltry sides.

  • Melthar on 21/02/2022 - 22:56
    +1

    Have not eaten onsite, but the delivered meals they do have been tasty and decently sized and priced.

    • Associatedgregor20 @ Third Wave Cafe on 22/02/2022 - 08:49

      thank you!

  • Slut on 21/02/2022 - 23:21

    I’m very confused but intrigued. Is this for real food or VR?

    • Associatedgregor20 @ Third Wave Cafe on 22/02/2022 - 08:49

      yes, real food in a real business

  • sildosaggins on 21/02/2022 - 23:23
    +1

    Disgusting.

  • Tacooo on 22/02/2022 - 00:06
    +1

    You know what's more useful than NFTs? Literally anything. Although cash even more so.

  • OZcheepsk8 on 22/02/2022 - 00:54
    +1

    OP you do realise you are likely going to get $0 or some token value distributed to you right in the profit share right?

    do you get a contract with this purchase or their word you will have this deal for a lifetime?

    Is the benefits offered subject to change at their sole discretion?

    So many questions, so much unclear details what's on offer.

    • omega31 on 22/02/2022 - 07:59

      I know what I am getting and happy to participate. If you plan to eat at the restaurant I see no risk unless they rug-pool the whole project.

      After all they are a well known restaurant taking initiative and the “jpg” I got should pay for my lunch this weekend, can update the post with process outcome.

      See some of your concern replied by thiefse comment and discord chat https://www.ozbargain.com.au/node/684425#comment-11795217

      The contract is available on the website and restaurant reps are answering questions in discord.

      • Tacooo on 22/02/2022 - 08:37

        "rug-pool"

        lol what.

      • [Deactivated] on 22/02/2022 - 12:42

        The contract on the website has more holes than swiss cheese. The name of the cafe is mentioned in it, but the company that contributes 30% of its after tax profits is a shelf company that doesn't even have an ABN and is not registered for GST, the NFTs are issued by a Menulog dark kitchen that also isn't registered for GST, and the actual Unit Trust that trades as Third Wave Cafe and is registered for GST isn't mentioned anywhere. You may well get value in food discounts assuming that the restaurant is actually involved in the project (I will take it at face value that they are) but by that contract, the profit share is 30% of nothing, because the cafe isn't the one contributing 30% of its profits.

        • Associatedgregor20 @ Third Wave Cafe on 22/02/2022 - 13:17

          Neg neg neg… I have no idea where you getting all this. But that's ok happy for you not to buy. Those who did and will are getting the value promised to them.

          There is no profit share, the profit fron the restaurant will be provided to the DAO and the nft holders will get the DAOs distribution. In any case the main value here is the various benefits that you get.

          Sirry to pop your negativity balloon.

          • [Deactivated] on 22/02/2022 - 13:42

            @gregor20: I get it from your own NFT contract, ASIC, and the ABR, so, basically "reality". Instead of addressing the things that make your deal look dodgy, you just shout at people to stop whining and claiming that people are being negative.

            Here's a tip: actually address the points, instead of ranting at anyone who dares question you.

    • Associatedgregor20 @ Third Wave Cafe on 22/02/2022 - 08:51
      +1

      we have created the NFT such that no matter what happens to the value, the owner will get at the very least their purchase price back and most of the time multiples times that. No one knows what is going to happen to the value of the NFTs in the future, ours or anyone elses. However, given we are a real business we are able to provide REAL value

      • OZcheepsk8 on 22/02/2022 - 12:49
        +1

        So I've just read the T&Cs on the website. In summary:

        1. Third Wave reserves right to change terms at any time.
        2. Customer has no ownership of anything other than NFT
        3. If Third Wave is sold, 'appropriate compensation' is solely determined by you
        4. The T&Cs on the website override any prior agreement
        5. There is no liability for Third Wave to damages to parties to the contract
        6. Maximum Limit of Liability is US$1000 across ALL claims.

        This contract offers absolutely no protection to the buyer and every protection to Third Wave. Almost feels like you intend to screw over the customer - very sketchy tbh.

  • Manny Calavera on 22/02/2022 - 00:56

    “Our restaurant model is the trapezoid…”

  • BrokeCamel on 22/02/2022 - 06:49
    -1

    The linked website is not even the website of the actual restaurant. I doubt the restaurant is even aware someone is using their name for an NFT scam. I feel awful for anyone who fell for this.

    THIS IS A SCAM. AVOID.

    • ilovefullprice on 22/02/2022 - 08:29
      +1

      The logical thing to do is to call up the restaurant and ask, no?

    • Associatedgregor20 @ Third Wave Cafe on 22/02/2022 - 08:52

      why would you think everything is a scam.How do you live every day thinking that everything is a scam. Anyway, it is real and we are behind it and people are already using them in the restaurant. So stop with your whining.

      • BrokeCamel on 22/02/2022 - 09:17
        -1

        I don't live everyday thinking everything is a scam. Just your dodgy little website and project.

        Lord knows why a real restaurant would think its a good idea to associate themselves with the horrible goodwill of NFTs

        • Associatedgregor20 @ Third Wave Cafe on 22/02/2022 - 09:25
          +2

          that's ok, happy to stop trying to convince you

        • ilovefullprice on 22/02/2022 - 09:48
          +2

          Lord knows why a real restaurant would think its a good idea to associate themselves with the horrible goodwill of NFTs

          Why? Even a C-suit from our very own aussie Dominos is joining a DAO which will acquire fast food restaurants. There is talk about issuing NFTs to the DAO community for food discounts etc.

          https://finance.yahoo.com/news/former-dominos-president-join…

          • Associatedgregor20 @ Third Wave Cafe on 22/02/2022 - 10:10
            +1

            @ilovefullprice: yes lots of activity in this space. There are many new possibilities opening up to add value to customers and to acquire new ones.

  • BoundedRationality on 22/02/2022 - 06:50
    +1

    This is trash on so many levels.

    • Associatedgregor20 @ Third Wave Cafe on 22/02/2022 - 08:52
      +1

      why?

  • Nalar on 22/02/2022 - 07:04
    +1

    I see a lot of "up to" followed by improbably high figures.

    This deal feels like a scam and I wouldn't trust any part of it.

    • Associatedgregor20 @ Third Wave Cafe on 22/02/2022 - 08:52
      +1

      that's ok, you are welcome not to trust anything

      • Nalar on 22/02/2022 - 11:07
        +1

        "valued around $2000 yearly if visiting regularly"
        Can you pls show us your calculations around this figure?

        • Associatedgregor20 @ Third Wave Cafe on 22/02/2022 - 11:15
          +1

          yes, our monthly specials vary from around $50 to around $160. So if you say $100 per month as a free special, thats $1200. Then 30% discount on all food and drinks. If you bring a couple of parties of 10 to 15 people a year, that will certainly save you $800 a year. So this number is conservative and extremely realistic. Finally 50$ discount on special events, we are planning to run at least 4 a year, will amount to at least $300 per year.

          • Nalar on 22/02/2022 - 13:02

            @gregor20: Sorry I'm confused, you said it's $1200 for the monthly special then an additional $2000 in 30% discounts.

            Let's starts with the montly:
            What does a $100 monthly special look like food wise exactly?
            Is it enough for 2 people? Will you need more for dinner after?
            Does your customer metrics show that people visit multiple times a month, month on month for a whole year?

            For the 30%:
            So after visiting once a month, you need to spend something like $6500+ more to receive $2000 in discounts. You suggested that you take 2 groups of 15 people out and each person has to spend what, $200+ each to reach your figure.

            Special events:
            $50 per special event x 4 a year = $300.
            ????

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