MintDeals
  • Getting Started
    • Overview
    • Clubs and Deal NFTs
      • Club Memberships
      • Club Use Cases
      • DEAL NFT Use Cases
    • DeFi-Powered Credit Facility
      • Understanding Credit Access
      • Credit Scoring System
    • Revenue & Earning Streams
    • Hackathon Roadmap
  • Guides
    • How To Use
    • For Club Owners
      • Accessing Credit Facility
  • Developers
    • Architecture
    • Contracts Overview
      • Credit Facility
      • Credit Manager
      • ClubDeal Registry
      • MintDealsNFT
    • Deployed Contracts
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  1. Getting Started
  2. Clubs and Deal NFTs

Club Memberships

MintDeals charges $12 (USDT/USDD) to create a club. As a club owner, when creating a club you can determine the price at which you would like your prospective members to pay to join your club.

We offer two options for how a club owner's membership fees can be managed, providing flexibility while supporting the platform's operations. Here’s how it works:

Option 1: Direct Transfer to Wallet

  • Commission Fee: If you choose to have the membership fees sent directly to your wallet, a commission fee of up to 5% will be applied.

  • Fund Allocation: In this scenario, 15% of the fees are allocated to the credit manager, and 5% is retained as a commission by the platform. The remaining 80% goes directly to the club owner’s wallet.

Option 2: Transfer to Credit Facility

  • No Commission Fee: If you opt to send the membership fees to our integrated credit facility, no commission fee is charged.

  • Fund Allocation: In this case, 20% of the fees are allocated to the credit manager, and the remaining 80% is credited to the facility on behalf of the club owner. This option allows the club owner to leverage the credit facility without incurring any direct fees.

Why This Structure?

This structure provides a balanced approach, offering club owners a choice between immediate fund access with a commission fee or leveraging the credit facility without additional costs. By offering these options, we ensure that club owners can select the solution that best fits their financial strategy, whether prioritizing liquidity or credit management.

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Last updated 9 months ago