A Lit Up Life: Golden Ticket NFT

Details + Important Info

Auction is NOW OPEN

January 31 at 7am ET – February 3 at 7pm ET.

OpenSea auction site for A Lit Up Life: Golden Ticket NFT

Fact Sheet

The gist- I’m selling you a stake in my business. By owning the A Lit Up Life: Golden Ticket NFT you are owning a coaching spot in my business for as long as you choose to keep it. 

I often say that A Lit Up Life and our business model is like a 10 seat bar. What you’re effectively doing is buying one of those seats. So not only do you own the seat (and have the ability to resell or lease it) but you get to use the services that come with the seat (the coaching). 

An NFT is a non-fungible token. For an incredible (and easy to understand) description check out the definition of an NFT here, but the basics would be to say it’s more like a contract. You’re buying a direct contract with A Lit Up Life for a “forever” coaching spot. 

As you know, most of my clients work with me for years, but the difference is they don’t retain ownership of their spot or get the appreciated value of the spot over those years. 

This changes that completely. It not only gives you the access to the 1:1 coaching that has helped so many clients hit six, multiple six, seven and multiple seven figures in their businesses but you also get the ownership and value of that spot long-term. 

You will still be required to sign our regular coaching contract, make our regular base rate and revenue percentage payments, and follow all contractual obligations. However, you get the value and ownership of the spot and a stake in my business in addition to that.

This is not a spot that can be held without upholding a contract or without following other protocol. This just gives you the option to access coaching for as long as you choose, and the option to resell or lease the spot out if and when you decide. You must still sign our normal coaching contract, pay all required fees, and uphold all contractual agreements.

If you are on the Waitlist you are most welcome to bid on the auction. 

The only reason we chose to release this one spot separate from the Waitlist was because we saw it as a HUGE learning opportunity for the community as a whole and we believe it serves EVERYONE on the waitlist deeply to watch and learn from this process (more than it would serve to not do this in order to leave this spot just for the Waitlist). However, we deeply honor our Waitlist participants and will be doing a private recap and Q&A for Waitlist participants only as an extra layer of value to serve them throughout this process. 

There are only plans for ONE Golden Ticket and so we will return to running the Waitlist process as normal for all future spots that open. However, I very much encourage you to participate in setting up your wallet, etc. even if you choose not to bid. There are likely future opportunities coming to the Waitlist members, and knowing how to navigate this will be so valuable for you (and your own clients and business).

You’ll need to enter the Metaverse aka web3.  To do so you will need to:

  1. Set up a Coinbase account HERE (please note: this is a referral link that will allow you and I to both receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase. If you’d rather not use the referral link, the regular Coinbase link is HERE).
  2. Set up a ‘digital wallet’ on Metamask HERE
  3. Buy Etherum and transfer to your Metamask Wallet using this video tutorial HERE.
  4. Set up an OpenSea account HERE.
  5. Bid on the auction HERE

 

**Note: If this seems foreign to you, I completely get it. It was to me as well, but it is no harder than, say, opening up a PayPal or bank account and using eBay as an example. For me personally to set up my Coinbase, Metamask and OpenSea accounts it took less than 15 minutes total (not each, but to do ALL three). You can reference our FAQs for any other questions that may be popping up for you (such as what you need to have with you to get these setup- it’s super simple!). There are also plenty of amazing resources out there (and linked below) and I promise, this will be SO valuable to figure out and familiarize yourself with whether you bid/win the auction or not. 

We will host the auction on OpenSea here, which is the largest NFT marketplace in the world. It makes it easy for us to host the auction and transfer ownership of the NFT to the highest bidder.

You’ll bid in the auction (here is a detailed description of how to bid in the auction). 

If you’re the highest bidder, you’ll make payment which will be transferred to my wallet and your NFT will be transferred to yours.

Once you sign the contract and begin coaching, you’ll be required to transfer the NFT to my wallet which I will hold while we are actively in contract and coaching. 

If you do not uphold the contract by making payments, showing up to calls, etc., you will lose rights/access to the NFT and I reserve the right to retain it. I don’t expect this to happen, but I  have to mention it!

Assuming all is normal, you will work with me in 6 month increments until you choose not to. At that time, I will transfer the NFT back to you and you will be able to resell, lease, transfer in whatever way YOU see fit. This is an incredible opportunity for you to make the most of your investment in additional ways and gain on the appreciated value of that spot while we are working together.

This is where it gets a little complicated because this NFT serves several purposes. It’s a contract, a piece of digital real estate, AND access to services. That’s also why it’s so valuable because it encompasses all of these.

The best analogy is to think of it like this: 

I am the owner of an apartment complex. I am selling you one of those apartments. 

You now own the apartment and can use it for yourself, sublease it, or resell it. 

You are attached to me in the sense that I own the other apartments in the complex so those continuing to retain and grow in value is important to you. I am attached to you in the sense that you own one of the apartments in my building so that apartment continuing to retain and grow in value is important to me. 

If you stopped paying your mortgage, you would not retain rights to the apartment, but as long as you hold up your contractual agreements, we could live in the same building for as many years as we choose. 

And while you’re living there, the value of the apartment you purchased from me is also appreciating so when you go to re-sell it you’ll not only get the value of having lived in the apartment for that time (or the value you made off the lease) but you’ll also make the money off the appreciated value so your investment gives back to you in lots of ways.

Just like with real estate you could buy this to immediately resell it, you could buy this and lease it to someone else, or you could buy it and “live in it” and use the spot yourself. The benefit of this is you totally control your investment and get to make the best decision for you on how to use it. 

If you’re a current client this is a great opportunity for you to be even more in partnership together. Not only will you have complete and total ownership and control over your spot and a space in my business, but you’ll also be building equity in it, and have the ability to re-sell or lease for more value at any time. If you don’t want to use it for your OWN spot, you also have the ability to buy to hold, resell, or lease immediately as well. 

If you’re a new client this is an opportunity to secure a spot for yourself right away and build value in that spot while you utilize it for as long as you so choose (many of my clients work with me for years). You’ll also have the ability to resell or lease that spot immediately or when you feel our work together is complete. 

This will be auction based so the cost could be the lowest reserve price if no one else bids (which is 0.1 ETH which is roughly $400) or it could be much higher as additional bids come in. The price will be determined by the auction, the market, and the number of bids we get. 

I see it as totally possible that people see the vision, get very excited about the tremendous opportunity here and see the importance of adapting to this new market and the bidding gets very exciting and this ends up selling at a high price that sets the value for this and gives the owner a very clear resale value.  

I also see the possibility that this feels too new, people are scared to make the leap, and struggle to overcome the barriers to entry (i.e. setting up their wallet, buying Ethereum to make the purchase, etc.) and this ends up selling at a low price that the owner then is able to get in on the ground floor with, and build massive value from over time as people warm up to this new way of doing business. 

I believe with either of those, we win. Anytime we’re the first to do something in a new market, we’re taking risks and we can’t guarantee outcomes. However, what I do believe deeply is that both of these options create long-term wins and value and that the people that get in on the ground floor always retain the most upside.

The amazing thing is, like real estate, the value changes (and will likely appreciate) over time. At present we have 396 people on our 1:1 wait list. While we cannot absolutely guarantee that every person on that list is ready to buy coaching tomorrow, we can share that the market demand is there and growing. The value of ownership of a stake in A Lit Up Life’s business and one of these coaching spots is vast and our belief is that it will continue to grow over time.

There are 10% royalties on all sales of the A Lit Up Life: Golden Ticket NFT. This means that if/when you resell the NFT, A Lit Up Life will be owed 10% of that sale. If you lease the NFT, we will not be entitled to any royalties on the lease, only on an actual sale. This gives us ongoing connection and stake in the NFT which means we want you to have high resale value and are incentivized to support you in ensuring that. Partnership has always and will always be part of my business model and this is no different.

While the potential obviously exists for us to make cash off of the sale of the Golden Ticket NFT, it absolutely is not the purpose. In fact, we are more than likely giving up way more value than we’ll be getting. 

The purpose is two-fold: 

1. To adapt. I don’t believe in jumping on every new bandwagon in business, but I do believe it’s clear that this is the way things are developing and is the future of the online space. It is always my goal to use adaptability as my biggest strength as a small business owner and this is no different. I know we will likely do some things imperfectly here and learn lessons along the way, but those are the risks I’m willing to take for the rewards that I believe are on the other side of adapting to new opportunities and technologies in business. If you need a reminder of why this matters, read this article (written just 26 years ago!) from someone who did not believe in what was coming and think about how much they likely missed out on!

2. To go first and provide examples, education, and learning to our clients and community. I don’t see this as just a learning opportunity for A Lit Up Life, but our coaching space as a whole and I want to bring you along with me. I’m happy to be the guinea pig here for the potential and possibilities that exist for our industry. I know not everyone will want to dive in and do this in their own business and/or bid on the NFT. However, I believe EVERYONE will gain value from following along, watching, and learning and I am here to provide that and share all I can along the way. 

And quite frankly there’s a selfish #3 I’m going to sneak in here, which is that I’m freaking PUMPED to work with the person who GETS this. Who is willing to bid, willing to take this leap, willing to see the thing that’s not yet been done. I already know they’re an innovator and a disruptor and I am LIT UP at the thought of getting to partner with them. 

I am not a financial advisor. In any investment there are inherent risks. This could be purchased for a specific amount and not retain that value for resale (just like the risk you run with stocks, real estate, etc). Do not take anything on this document as a representation of financial advice. All buying decisions and risk assessment are the responsibility of the buyer. 

Walkthroughs

  1. Set up a Coinbase account HERE (please note: this is a referral link that will allow you and I to both receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase. If you’d rather not use the referral link, the regular Coinbase link is HERE).
  2. Set up a ‘digital wallet’ on Metamask HERE
  3. Buy Etherum and transfer to your Metamask Wallet using this video tutorial HERE.
  4. Set up an OpenSea account  HERE.
  5. Bid on the auction HERE

Note: For me personally to set up my Coinbase, Metamask and OpenSea accounts it took less than 15 minutes total (not each, but to do ALL three). I needed pen and paper (to write down my key- do NOT share this with anyone or outsource this!), a front and back photo of my driver license/ID, my bank or PayPal login and password (depending on which you’d prefer to connect).

Frequently Asked Questions

The gist- I’m selling you a stake in my business. By owning the A Lit Up Life: Golden Ticket NFT you are owning a coaching spot in my business for as long as you choose to keep it. 

An NFT is a non-fungible token. For an incredible (and easy to understand) description check out the definition of an NFT here, but the basics would be to say it’s more like a contract. You’re buying a direct contract with A Lit Up Life for a “forever” coaching spot that you can use, lease, or sell. 

You will still be required to sign our regular coaching contract, make our regular base rate and revenue percentage payments, and follow all contractual obligations. However, you get the value and ownership of the spot and a stake in my business in addition to that.

The NFT will be on auction at OpenSea beginning January 31st at 7am ET and ending February 3 at 7pm ET. However, please note that any bids in the last 10 min of the auction will extend the auction by 10 mins. This can continue for up to a week of extensions (though we do NOT anticipate that). Unfortunately, those are rules of OpenSea that we have to abide by.

The A Lit Up Life: Golden Ticket auction link on OpenSea here. This is the only page that the legitimate NFT will be on auction so please do not look for it anywhere other than this link.

This is a detailed walkthrough of how to bid on OpenSea.

There will only be ONE A Lit Up Life: Golden Ticket. However, we do have plans for future A Lit Up Life NFTs, but they will not grant anywhere near this level of access nor have the same guarantee of a forever coaching spot whatsoever. This is a one-time opportunity for the Golden Ticket.

The floor price of the auction will be 0.1 ETH with no reserve price (this is approximately $400).

The A Lit Up Life: Golden Ticket NFT guarantees the owner access to one-on-one coaching with Lacey, on top of the inherent value in the NFT. 

You can see a detailed description of the coaching package and pricing of what you’re purchasing here.

After purchasing, your NFT will show up in your Metamask automatically and can be viewed in your digital wallet or on the OpenSea marketplace.

You will be receiving the opportunity for coaching, a stake in my business, the equity that has the potential to build, and the ability and rights to use, resell or lease the spot as you see fit.

This is open to both new and existing clients. 

If you’re a current client this is a great opportunity for you and I to be even more in partnership together. Not only will you have complete and total ownership and control over your spot and a space in my business, but you’ll also be building equity in it, and have the ability to resell or lease for more value at any time. If you don’t want to use it for your OWN spot, you also have the ability to purchase to hold, resell, or lease immediately as well! 

If you’re a new client this is an opportunity to secure a spot for yourself right away and build value in that spot while you utilize it for as long as you so choose (many of my clients work with me for years). You’ll also have the ability to resell or lease that spot immediately or when you feel our work together is complete.

If you are on the Waitlist you are most welcome (and encouraged!) to bid on the auction. There are only plans for ONE Golden Ticket and so we will return to running the Waitlist process as normal for all future spots that open. However, I very much encourage you to participate in setting up your wallet, etc. even if you choose not to bid. There are likely future opportunities coming to the Waitlist members, and knowing how to navigate this will be so valuable for you (and your own clients and business!).

For me personally to set up my Coinbase, Metamask and OpenSea accounts it took less than 15 minutes total (not each, but to do ALL three). I needed pen and paper (to write down my key- do NOT share this with anyone or outsource this!), a front and back photo of my driver license/ID, my bank or PayPal login and password (depending on which you’d prefer to connect).

To redeem the A Lit Up Life: Golden Ticket NFT you will need to contact support@alituplife.com and agree to the terms and conditions of A Lit Up Life’s one on one coaching contract, which includes compensation at the rate of $1250 base rate per month + 10% of new revenue generated each month.  

The detailed mechanics of the NFT redemption will be communicated to the holder when redeemed, however the NFT will be transferred to A Lit Up Life’s Wallet while the one-on-one coaching contract is in place. A Lit Up Life has the right to maintain the ownership of the NFT if terms and conditions of the coaching contract are not met. Once you’ve completed your coaching and choose to sell/transfer the NFT, A Lit Up Life will transfer it back to your wallet for you to utilize. A Lit Up Life retains 10% royalties on all future sales. 

If we’re working together during my maternity leave, here is the detailed plan: 

  • My due date is April 14th. I plan to work up to my due date as baby allows. 
  • For the month of April, we’ll be pro-rating percentages given that I don’t know exactly how long I’ll be working that month (babies and their unpredictability 😂). So for example, if we keep basecamp halfway through the month – then for your percentage you’ll only owe 50% of your 10% (i.e. 5%) for that month. For sessions, we’ll still assume a normal amount of sessions for April, but you can also use an extra session in March (so one of your 3 April sessions gets used by not having an off week in March) or we can add it into your package when I return. Happy to be flexible there, but my recommendation would be to use it in March if that fits for you! 
  • I plan to take May and June off completely. That will mean no calls or basecamp support. However, it also means no payments for you. Basically we’ll still sign six months contracts per usual but we’ll exclude those two months. Meaning, you’ll have no payment obligation (base rate or future percentage) for the two months I’m away. 
  • Our final call(s) together pre-baby, we’ll set you up with a VERY specific 2-3 month plan so you feel incredibly clear and prepped on exactly what you’ll be focused on in that time and have zero uncertainties in terms of what direction you’re going. My job is to make sure you feel totally at ease and prepared for this small break, and I will do just that. 
  • As a bonus, my COO Megan, will be doing office hours those two months so that you can still have support (for free!) during that time. Trust me, no one knows how I think about business more than Megan and she is the perfect person to bring questions to in the meantime! We’ll also be setting up optional client accountability pods to give you even more support! 
  • In the month of July, I will transition back in by starting with ONE call that month and full basecamp support. Given that your program has more calls than that, we’ll pro-rate base rate payments for that month (percentage will remain the same). 
  • Post July- everything will be back to normal completely and our rhythm and contract will continue per usual. 

Yes, there are 10% royalties on all sales of the A Lit Up Life: Golden Ticket NFT. This means that if/when you resell the NFT, A Lit Up Life will be owed 10% of that sale. If you lease the NFT, we will not be entitled to any royalties on the lease, only on an actual sale. This gives us ongoing connection and stake in the NFT which means we want you to have high resale value and are incentivized to support you in ensuring that. Partnership has always and will always be part of my business model and this is no different.

Companies are unable to offer NFTs to certain countries or individuals deemed sanctioned by governing bodies. Please refer to the sanction websites for the United States for an up-to-date list to know if your country is sanctioned.

As with any investment, yes, there are inherent risks. This could be purchased for a specific amount and not retain that value for resale (just like the risk you run with stocks, real estate, etc).  I am not a financial advisor. Do not take anything on this document as a representation of financial advice. All buying decisions and risk assessment are the responsibility of the buyer. 

I am not an ultimate expert in this area, and very much encourage you to learn and do your own research. However, to summarize, an NFT is a non-fungible token, which is a digital asset used to represent ownership of unique items or unique access, whether that is digital or physical. Currently, they are most commonly used for digital collectibles, but I believe that will continue to change and expand. Both the ownership and transfer of an NFT is secured by the Ethereum blockchain, which ensures that one NFT only has one owner at any given time. It also ensures that no one is able to modify the history of the token’s ownership.

Here is a very useful and easy to understand NFT breakdown.

Again, I am not an expert in this arena but the summary is that cryptocurrency is a digital currency or store of value. Cryptocurrency uses the blockchain, a digital transaction ledger, to record and secure online transactions. Cryptocurrencies can be used to buy goods and services. At the present moment, the most traded cryptocurrency is Bitcoin, and the second most traded currency is Ethereum.

This NFT is minted on the Ethereum blockchain.

Having Ethereum is necessary to participate in the auction. You can purchase ETH through an online exchange (I personally use Coinbase). Once you have purchased ETH, you are then able to transfer the funds into your Metamask (or another compatible wallet if you so choose) to purchase the NFT. It’s very important to keep in mind that there are limits on the amounts of ETH you can buy and sell based on your account and the platform you’re using.

If you’re a brand new user to MetaMask and Coinbase there are some time limitations that are very important to be aware of for the auction starting on January 31st.

It can take up to 15 days to make your Ethereum available once you’ve purchased it. That means if you’re serious about bidding in the auction, set up your wallet, buy ETH, as soon as possible.

Yes, you absolutely need one. A blockchain wallet is basically digital storage that enables you to store and transact your cryptocurrency. A wallet comprises a public and private key, that are cryptographically generated.

With a digital wallet, you hold the keys and are in charge of your own assets (remember not to share your key!!). 

Here are the steps to setting up a digital wallet. I personally use Metamask, though there are other digital wallets available.

Yes, you do. I know for some this can feel frustrating because you’re kind of ‘guessing’ what the auction will do, but I see this as a positive thing. Ultimately, it lets you have the amount in your account that you intend to bid rather than having a situation where someone gets caught up in bidding and adds money to their account in the moment from an emotional vs. intentional place.

Gas fees or minting fees are a transaction fee on the Ethereum blockchain. When you make transactions, such as purchasing an NFT, you will need enough ETH in your wallet (that we linked the walkthrough for set up above) for the initial purchase and the associated gas fees. Think of this as the service charge like the ones Paypal or Visa charges to complete a transaction.

An NFT marketplaces makes it possible for collectors, creators, and businesses to buy, sell and create. After connecting your wallet, you can purchase, auction or sell a wide range of NFTs. The leading open NFT marketplace is called OpenSea, which is what we will be using.

We are happy to send an email to our wait list to let them know a space is open! It will still be on you to find a buyer/leasee each time (and to work out the agreement with them) but I am definitely happy to alert the wait list when the opportunity arises!

Aside from the value of participating, learning and being part of the process… Yes, if you bid on the NFT we will be releasing intensive spots JUST for those who bid for February and March (our final spots before maternity leave!). You will either need to change your wallet name to your name so we can see who you are on the bid list and will automatically add you to the email for intensive spots.

If you don’t want to change your wallet name, that’s more than OK. You just need to email a screen shot of your bid to: alituplife.x@gmail.com so we can track and add you that way.

These intensive spots will be released JUST to the people who bid, and will be our last intensives available before my maternity leave.

You now have two spots. By purchasing the NFT you’re in no way attaching it to the spot you currently have. This means you can immediately lease or sell, but it also means you have a guaranteed spot no matter what.

You can also check out additional trainings with Lacey inside The Lit Up & Loaded Entrepreneur on January 3rd and January 17th (both at 1pm ET).

If you have a specific question that isn’t otherwise answered here, in the fact sheet or the lives, you can email us at support@alituplife.com and we will reply to you within 72 hours (on business days).