Local short-term rental-management company, Euphoric Leisure, has announced the launch of a first-of-its-kind, NFT-based travel membership.

The Pangolin Collection NFTs are being minted between May 11 and June 21, giving holders access to exclusive local and international travel perks and discounts.

Only 111 Pangolin Collection NFTs will ever be minted. This means that, in addition to the travel benefits that NFT ownership affords, members stand to generate a return on their initial investment due to the scarcity of the NFTs if they decide to sell them in the future.

Each NFT is a completely unique piece of digital art that helps raise awareness of the world’s most trafficked mammal and one of Africa’s most endangered animals – the pangolin. 2.5% of the proceeds of all Pangolin Collection NFT purchases will go towards pangolin conservation.

NFTs (non-fungible tokens) are unique digital objects containing computer code and data that convey ownership of something.

“Traditional travel clubs and memberships tend to be rigid, full of hidden costs, and notoriously difficult to exit. We have conceptualised the Pangolin Collection NFT to be the opposite – giving holders immediate, tangible short-term benefits, as well as potential long-term upside from what is ultimately a tradable digital asset that can appreciate over time. We’re using NFTs to turn a travel membership into an alternative investment vehicle,” explains Euphoric Leisure’s Director, Dean McLuckie.

Member benefits

• 50% off seven-night stays throughout the Pangolin Collection (limited blackout dates apply).
• 20% off all stays less than seven nights even during blackout dates.
• The ability to exchange weeks in the Pangolin Collection to travel throughout The Registry Collection's exclusive portfolio of over 150 premium international destinations.
• Access to a dedicated member liaison/concierge to help members plan and organise their travels throughout the year.
• First year’s fees paid for a Xapo Bank account, offering secure private banking blended crypto.
• Other exclusive perks that will be announced and added over time.

“Traditional travel products have not dramatically changed since the inception of popular booking platforms such as Booking.com and Airbnb, and therefore lack the flexibility and variety that travellers have come to expect. This is where the Pangolin Collection NFT changes the game – adding flexibility and variety," said McLuckie.

There are no recurring fixed annual costs. Members can book an unlimited number of times a year, receiving a unique booking code that triggers exclusive member rates on the Pangolin Collection website.

“If members need help or want something more customised, they have access to a dedicated concierge. They are also able to sell their NFT on NFT marketplaces such as OpenSea or Rarible should they ever wish to exit, and the benefits will simply transfer to the new holder,” McLuckie added.