❔FAQ

1) What is the timetable and price to acquire the first 500 Membership Passes, The Sugarcanes? - The first 100 Passes are reserved for pre-seed, team, and marketing. - From 101 to 200 will be at $700 USDC. These first 200 Sugarcanes will go live on 1st June 2023. - From 201 to 300, at $1,000 USDC. - From 301 to 400, at $1,200 USDC. - From 401 to 500, at $1,500 USDC.

2) Why are we using USDC to mint our memberships? USDC is a Digital Stablecoin that is pegged to the United States Dollar, and lives in the Ethereum Blockchain. We have decided to use USDC for the mint because we want you to know the exact amount you are paying for. We are not planning to sell our Memberships overnight, and since other Digital Currencies usually fluctuate, then this is a way to maintain the price over time. Also, since we are buying real-world assets, Rare Rum Barrels, it’s important for the Society to know the exact amount of money we’re receiving so we can plan ahead. Rare Spirits Society will be built over time, not overnight.

3) Do we need to have Eth in your wallet for transaction fees aka “gas fees”? Correct.

USDC is a Digital Currency that works on the Ethereum Blockchain, so to acquire our Sugarcanes, we will also need Eth, which is the native token of the Ethereum Blockchain. You will need at least 0.05Eth for transaction fees, or how it’s called in the web3 world, the gas fees.

4) How do we acquire our Sugarcane Membership Passes? By going to our official minting page (we’ll release the official link the day of minting) and connecting your digital wallet - make sure it is the same wallet you gave us for the Allowlist.

Then hit either Mint With Credit Card or Mint With USDC, follow the advice on the site, and you’ll be one of us. We salute you.

5) Can you buy your Sugarcanes with credit card? Correct.

But everyone needs to have a Digital Wallet first to receive the tokens - memberships. It’s really simple to get a Digital Wallet and we can help you do it, just book a call with us at this link https://calendly.com/rarespirits

6) What are the Utilities of the Memberships? We'll get to venture into the whole process to build The Finest Collection of Rare Rum Barrels with an amazing community of Rare Human Minds. Some Utilities are:

• Lifetime Membership,

• Access to the Rare Rum Collection,

• Bespoke travels to different distilleries around the world to experience their production processes and culture,

• Voting power over which liquids we acquire, sell, or bottle.

• Masterclasses about the Rum industry and Web3 world

• Access to Limited Edition bottling

All these with a Rum in hand.

7) Why is our Society on the Blockchain? Rare Spirits Society is taking advantage of this amazingly rich technology to help us develop our community online, so we can build our Rare Rum Collection in real life. Web3 is about ownership, and since we’re building the Finest Collection of Rare Rum Barrels the world has ever seen, we’re using the most advanced ledger to keep track of our Rums. The blockchain is the future, and we’re pouring rum all over it.

8) How do we curate which Rare Minds can join our Society? Our minting of the Sugarcane Membership Passes is done 100% via an Allowlist, so it is not open to public mint.

Anyone can register to the Allowlist, but then we conduct a 1-to-1 Zoom meeting to approve the new members. Then we follow to include the member's Ethereum wallet into our smart contract to authorize their minting.

We welcome the rarest minds from the rum/spirits industry and the web3 world, spirits aficionados, entrepreneurs & founders who can add value to our community.

9) How do we protect our community from speculators? By including a 100% Allowlisted mint, we can curate who can mint our Sugarcane Membership Passes.

Also, to be extra secure, we have added a feature to the smart contract allowing members to start the resell or transfer of their Sugarcanes, only once the 500th Sugarcane is minted - when we have sold out our Membership Passes.

We look for members who are here for the long term, and who are planning to HODL and be involved with the community.

These 2 features of our minting process, protect our community and the future of our long term mission.

10) Are the Sugarcane Membership Passes NFTs (ERC721)? Correct.

All the 500 Sugarcane Memberships Passes are NFTs (non-fungible tokens) using the ERC721 token standard in Ethereum.

11) Are the Rare Rum Barrels tokenized via NFTs (ERC721)? Correct.

All our Rare Rum Barrels will be tokenized with NFTs (non-fungible tokens) using the ERC721 token standard in Ethereum.

12) Are Sugarcane Membership Passes considered an investment? Incorrect.

The Sugarcane Membership Passes are utility tokens giving members access to Rare Spirits Society and all the utilities explained in question 6 above.

This is the same as being a member of a gym or a social club, just way more adventurous.

Being a member of this club is for entertainment, education, and networking purposes only. The one very positive feature of our memberships using NFT technology, is that you can resell your memberships in the secondary market, at any time, at any price.

None of this is financial advice.

13) Are members of Rare Spirits Society considered investors? Incorrect.

The Rare Minds who hold one or more Sugarcane Membership Passes are members, that enjoy the benefits of our Society.

The Sugarcane Membership Passes are a utility token giving members access to the Rare Spirits Society and all the utilities explained in question 6 above.

This is the same as being a member of a gym or a social club, just way more adventurous.

Being a member of this club is for entertainment, education, and networking purposes only. The one very positive feature of our memberships using NFT technology, is that you can resell your memberships in the secondary market, at any time, at any price.

None of this is financial advice.

14) Is Rare Spirits Society a Fund? Incorrect.

We are a membership club, offering our members purely utility, as detailed in question 6 above. Being a member of this Society is for entertainment, education, and networking purposes only.

None of this is financial advice.

15) Is there an ROI for the Sugarcane or Members? Incorrect.

Rare Spirits Society and its members have access to the utilities described in question 6 above. The one very positive feature of our memberships using NFT technology, is that you can resell your memberships in the secondary market, at any time, at any price.

None of this is financial advice.

16) Why are we only allowed to resell or transfer our Sugarcanes once the 500th Sugarcane is sold? We want to protect our community and members from speculators and "flippers" who look to mint and immediately resell the memberships in the secondary market to make a quick profit, which can be detrimental to our minting process and long-term plan.

Once the 500th Membership gets minted, members are able to transfer or resell in the secondary market.

This guarantees that only members who are willing to HODL and be with us for the long term, will be the ones who will mint our memberships. And those are the Rare Minds we are looking for.