I'd like to know a little more about BCT.
BCT stands for Brown City Tycoon, an NFT project that is a DAO (decentralized autonomous organization) where NFT holders work together to run a real-world whiskey bar. If you're a whiskey lover, you've probably thought about it at least once: "Why don't I own a whiskey bar?" is now a reality. Holders will have the privilege to make democratic decisions about the management of the whiskey bar with blockchain technology, as well as have free access to the whiskey bar. Everyone dreams of owning their own whiskey bar, but it is practically impossible to fulfill that dream alone or with a few friends, but if 365 people with the same dream gather through DAO, it is possible, which is the biggest purpose and vision of the BCT project. We think the BCT project in DAO format, where you have ownership and contribute to the project's revenue, is the most stable way to connect your dream of a side hustle with your favorite hobby.
How do I become a BCT holder?
You can become a holder by participating in the Private Sale on the BCT Collection page of THE 75007. You can also request a purchase consultation through BCT's Private Concierge (bottom right corner of your browser) and one of our passionate managers from the BCT Operations team will be happy to walk you through the process of becoming a Holder.
Why only proceed with Private Sale?
Since BCT is a project that operates a whiskey bar together, and since it is a community and a space that only holders can enter, our goal is to have a diverse group of holders who are not limited to one field. We thought a private sale would be the best way to achieve this.
How can I pay?
While BCT is clearly a web3.0 project, we support two payment methods for the sake of customer experience, and the BCT Operations Team is dedicated to assisting you through the payment process.
- Bype payment: BYPE TOKEN is the governance token of THE 75007 and is the most economically favorable way to pay.
- Account transfer (available for individuals, sole proprietors, and corporate entities)
If I become an NFT holder, how can I participate in the DAO?
You will be invited to join the Discord channel where the community of THE 75007 operates, which is only open to BCT NFT holders, and where all agendas are discussed. When an agenda is decided to be voted on, the agenda will be posted on the Snapshot page where BCT NFT holders can vote, and decisions will be made through holder voting. BCT's Operations Team is responsible for executing and implementing the decisions. The information required for the decision-making process is also transparently disclosed to the community. In the DAO, you'll be able to make decisions before the whiskey bar opens, how it will operate after it opens, and what to do with the profits. But rest assured. Holders don't have to do anything but imagine a cool whiskey bar and gather opinions.
Do I need knowledge of Web 3, including NFTs?
While it would be great to have some basic knowledge, Brown City Tycoon is an attempt to bring the benefits of Web 3.0 to life in a way that everyone can experience, so we plan to provide plenty of training and information for those who are unfamiliar with Web 3.0. Please don't worry.
Will there be any legal issues?
BCT's Operations team is constantly consulting with legal experts. Brown City Tycoon has thoroughly reviewed the laws and rules for setting up, opening, and operating a whiskey bar, as well as DAOs with active social discussions, to proactively respond and share them transparently.
What benefits will BCT holders receive?
BCT NFTs are organized into two levels, Black Level and Red Level. The main difference is that the available space in the whiskey bar is different. Black Level holders have access to a separate lounge exclusively for Black Level, while Red Level holders have access to the rest of the space, excluding the Black Lounge. Black Level holders will receive a 1 million won coupon that can be used monthly for the first year, while Red Level holders will receive a 300,000 won coupon that can be used monthly for the first year. Please refer to the BCT Collection website for more details.
Where will BCT's whiskey bar be located?
We believe it should be in a location that is most accessible to BCT holders. Currently, BCT's Operations Team is exploring various locations, including the following
- 1st candidate site: Top floor and rooftop of the Moroccan Embassy in Seoul, 32 Jangmun-ro, Yongsan-gu, Seoul, Korea
- 2nd candidate site : Sinsa-dong, Gangnam-gu, Seoul, Korea
- 3rd candidate site : Apgujeong-dong and Cheongdam-dong, Gangnam-gu, Seoul
- 4th candidate site : Seongsu-dong, Seongdong-gu, Seoul
Since location is of utmost importance, we will discuss the various candidate sites with our holders after the Private Sale, and ultimately decide on the best location through a DAO vote.
Is there any chance of problems with the real estate contract for the whiskey bar in BCT?
The contract period of the real estate and the relationship with the property owner are very important. We will start discussing spaces with a minimum contract term of 5 years, and we will mobilize the network of THE 75007, its affiliates, and investors to maximize the contracts with property owners we have relationships with.
How big is the whiskey bar at BCT?
We hypothesized that 365 holders will visit once a month with a group of 3. Then we expected about 1,000 people to visit per month, so we decided that a space of about 80 square meter is appropriate. The 80 square meter whiskey bar will consist of 10 bar seats, 32 red tables (4 seats), and 8 black tables, totaling about 50 seats.
How do you ensure that BCT's interior will be of the highest standard?
When we complete the private sale, we will raise about KRW 1.3 billion. Of this, more than 50% will be invested in interior costs. This means that we will invest about KRW 10 million in interior costs per square meter. This is because the space design of the whiskey bar, which is only accessible to the holders, is the most important to increase the satisfaction of the holders. We will also select the best design and construction teams in Korea and focus on creating a unique space that is different from the rest.
When can I start using the whiskey bar after purchasing BCT?
Once the private sale is finalized in May, we will proceed with location selection and operation strategy voting, space interior concept decision, and interior construction work in sequence. Our goal is to launch the Whiskey Bar in September 2023 and hold a launch party with the holders.
What kind of whiskey selection will the whiskey bar have?
There are so many whiskies in the world. We will continue to introduce a variety of whiskies to the BCT holder channel, and the selection will be based on the whiskies that receive the most votes. Of course, for the initial launch, BCT's professional whisky manager will do the basic setup, and we will start with a selection of about 200 million won whiskies.
What kind of events will be organized for BCT holders in the future?
Basically, we are hoping that holders will continue to gather ideas. If they want to do something, the BCT Operations Team will execute it. It could be importing casks from Scotland and private labeling them and having an event where each holder gets a bottle, it could be going on a whisky tour of Japan, it could be having a private whisky gathering. We hope that this project will help BCT holders realize their dreams.
Aren’t the prices of BCT NFTs too high?
Although BCT's NFTs have a membership program, it is not a cost that will disappear over time. If you want to stop being a member of BCT at any time for any reason, you can simply sell your NFTs to someone else. We believe this is a reasonable amount considering the various benefits that are offered to early members. There is another opportunity. If BCT becomes widely known and more people want to join the community, the price of your NFTs may increase. We're looking forward to the day when we can enjoy the benefits of Membership Only and get a good return on our investment.
