The Agreement
1. Acceptance
By claiming, buying, listing, or selling a coin, or by claiming a bar, you accept this Agreement and confirm you have seen the Disclosures above. If you do not agree, do not use Bar Famous.
2. What the words mean
Coin: a numbered digital collectible tied to a specific bar. Serial: the permanent number assigned at mint. Treasury: the 250 coins per bar held back from the patron claim. The Floor: the secondary market where holders release coins. Blast Off: December 5, 2031, when minting stops and the record is mirrored on-chain. Ghost Bar: a bar that has closed, whose coins stay in the record.
3. Who can use Bar Famous
You must be of legal age in your location and able to enter a binding agreement.
4. Claiming and buying a coin
Each bar mints 1,000 coins. Serials 0001 to 0750 are claimable by patrons for five dollars, online or in person at the bar. Serials 0751 to 1000 are held in the endowment. They are never sold before Blast Off. The endowment total is published on this site. At Blast Off the endowment moves to the blockchain with every other coin. After Blast Off, no more than 5% of the endowment may be released in any calendar year, and only to fund the operation of Bar Famous. Payment is handled by our payment processor.
5. The Floor
Holders may release a coin on The Floor at a price they set. Buyers acquire at the listed price. There is no bidding and no auction. Bar Famous takes a tiered fee on a completed sale: ten percent on sales under $100, eight percent from $100 to $499.99, and five percent at $500 and up. We do not guarantee that any coin will sell or hold value.
6. What you own
A coin is a collectible entry in the Bar Famous record. Owning one does not transfer ownership of the bar, its name, its trademarks, or the artwork, beyond a limited license to hold, display, and resell your coin.
7. Bar owner terms
When you claim a bar, you confirm you have the authority to represent it, and you grant Bar Famous the rights it needs to use the bar’s name and likeness on the platform. You keep full control of your bar and earn from primary claims. If the bar closes, it becomes a Ghost Bar: minting stops and existing coins stay in the record and may still trade on The Floor.
8. Blast Off and the blockchain
On December 5, 2031, minting stops permanently, the full record is mirrored onto a public blockchain, and Bar Famous relinquishes control of the market. This describes an intended future event and is not a promise of value.
9. Acceptable use
Do not use Bar Famous to break the law, defraud anyone, launder funds, impersonate a bar or person, or interfere with the platform.
10. Disclaimers of warranty
The platform is provided as is. We do not warrant that it will be uninterrupted or error free, or that any coin will retain value.
11. Limitation of liability
To the extent the law allows, Bar Famous is not liable for indirect or consequential losses, and total liability is limited.
12. Indemnification
You agree to cover Bar Famous for claims arising from your misuse of the platform or breach of these terms.
13. Privacy and data
How we collect and use your data is described in our Privacy Policy.
14. Changes to these terms
We may update these terms. Material changes will be communicated, and continued use means you accept the updated terms.
15. Governing law and disputes
These terms are governed by a law and resolved by a method to be set by counsel.
16. Contact
Questions about these terms can be sent to a contact to be set.