Stay Pass is a hotel membership and rewards program purchased on the blockchain as an NFT (non-fungible token). You don’t need a Stay Pass to visit Stay Open but you will definitely want one if you are a digital nomad or frequent traveler.
Each Stay Pass comes with a lifetime 15% discount on stays and uses transferable tokens instead of traditional “points” to manage perks and rewards. Your Stay Pass enables you to redeem one stay token ($TAY), ten co-working tokens ($WRK), and one experience token ($XPR), all of which can be redeemed today at our Venice Beach location or held for use at future locations. You will also earn one $TAY token for every ten paid nights you stay.
20% of all Stay Pass sales proceeds will automatically be contributed at time of purchase to seed fund stayDAO, the first Web3 non-profit DAO established to help underhoused and unhoused individuals. Each Stay Pass comes with one stayDAO governance token ($GOV) for people that want to help shape the future of stayDAO. More information can be found at www.stayDAO.io.
Unlike traditional hotel & travel rewards points, Stay Pass tokens are fully transferable on the blockchain. Use a $TAY token to redeem a stay when rates are high, gift your $TAY token to a friend, or sell your $TAY token to anyone with a crypto wallet.
Stay Pass members will have access to curated IRL (in real- life) events that bring people together to foster human connections and help each other realize their dreams.
This is just the start of your Stay Pass utility. We are creating affiliations and reciprocal benefits with other properties and Web3 communities all over the world.
A limited number of Genesis Stay Pass NFTs will be available.
In addition to to 20% of all Stay Pass proceeds going to stayDAO, 3% of all Stay Open paid bookings will be donated to stayDAO.
Emblematic of Stay Open, the pod represents our mission to build a network of digital nomad community locations by repurposing unused space. When you mint a Stay Pass NFT, you will receive a unique pod to represent your participation in the community.
A “Non Fungible Token” is one of a kind digital asset stored in your Web3 wallet. The file can be art, music, IP, or a membership card, and can be bought, sold, or gifted. Utility can be added to the NFT through a smart contract that governs the NFT. stayDAO NFTs offer the utility of stays, co-working, access to experiences & events, governance rights, and future utility.
Your Stay NFT will include categories of tokens with different utility for stays, co-working, experiences, and governance. Tokens will be airdropped to STAY NFT holders at a later date.