They posted, "First we would like to thank everyone for his/her love and support...the official name of Red Velvet's fanclub will be selected by the Red Velvet members."
Furthermore, "If chosen, the fan will receive a special autographed Red Velvet CD with a handwritten message from the girls."
The notice stated to send the name requests via email (firstname.lastname@example.org) starting now through February 5, 2017. Once decided, the fan club name will be revealed through Red Velvet's official home page.
Do you have a name in mind? Let us know in the comments below. I actually like the fan suggestion of REVELS (Wordplay on Rebels and combining REd VELvet).