Unravelling The Apepe Odyssey’s Unique “Odyssey Key” And Its Unlockable Rewards
Every evolution in the realm of blockchain takes us deeper into the world of endless possibilities. The Apepe Universe has recently seen the addition of a new experimental reward centric ERC-721 NFT enter the ecosystem with some unique holder rewards called the “Odyssey Key”
(NOTE: reward benefits from this key ONLY apply to chapter 1 of the Apepe Odyssey).
It presents a fresh idea within the digital art industry and is connected to the evolving Apepe Odyssey storytelling lore collection. This article aims to shed light on its functionality, as well as its offerings & long term benefits in perpetuity.
**What is the Odyssey Key?**
The Odyssey Key (launching early June) will be a special ERC-721 token that gives its holders an exclusive status as “Keymasters”. As intriguing as it sounds, becoming a Keymaster opens the doors to an unlockable & claimable reward limited to chapter 1 of the Apepe Odyssey.
The Odyssey Key allows holders to tap into the Keymasters’ Pot, offering them a share of royalties and mint proceeds. This gives Keymasters a unique privilege and the opportunity to obtain different types of holder rewards from the growing Apepe Odyssey ecosystem.
**How to become a Keymaster?**
Getting your hands on the coveted Odyssey Key involves an interesting process. As a holder of 5 copies of Piece #1 entitled “The Original’s Choice” within the chapter 1 saga of the Apepe Odyssey, users can initiate the Key forging process. Here’s how it’s done:
1. Visit the Key Forging Page (NOT ACTIVE YET) (the URL will be published via our main channels EARLY JUNE)
2. Select the number of keys you want to forge, given you have more than one set of 5 Piece #1
3. Click ‘Forge Key’ to mint
4. Approve the MetaMask transaction
5. Await transaction confirmation
There’s no limit on the number of Odyssey Key’s a single address can own. The more keys you forge, the greater your potential for rewards.
**Decoding the Keymaster’s Pot**
The Keymaster’s Pot allocation begins from Piece #2 of the Apepe Odyssey and isn’t just a static pool. It receives a continuous inflow of Ethereum ‘streamed’ into it from the royalties and mint proceeds.
30% of the combined mint proceeds and royalties feed into the Keymasters pot, and each Odyssey Key holder gets their allocated share payout from this designated pot.
Keymasters can claim their ETH share from the Keymaster’s Pot, which works through a specific claiming function. It’s like having a reward faucet, waiting to be tapped!
**Rewards and Considerations**
The Odyssey Key operates on the principles of patience and sustainability. Keymasters may start to see Ethereum based rewards after a 12-month holding period (this is only a projected estimate), and as long as an appointed Keymaster is holding the Odyssey Key, the rewards tied to royalties & mint proceeds from Chapter 1 of the Apepe Odyssey will last indefinitely.
It’s also important to note that immediate monetary gain is NOT a guarantee for those who acquire keys from the secondary market.
An important communication point to the Rare Apepe community and prospective Keymasters is that 30% of the lifetime royalties and mint proceeds from Chapter 1 of the Apepe Odyssey will be contributed to the Keymaster’s Pot.
The Odyssey Key forging event is anticipated to launch in early June, with a two-week window for users to forge their Odyssey Key’s.
**Words of Wisdom**
Though the concept of the Odyssey Key is promising, it’s critical to AVOID viewing it through the lens of traditional securities. We’re charting new territories with blockchain and NFTs, and the traditional paradigms may not fully apply. The Odyssey Key represents an opportunity to be part of a unique, digital art-inspired ecosystem.
In conclusion, the Odyssey Key could unlock an intriguing digital experience for those who seek to explore this new dimension of decentralization, innovation & digital art. If you’re ready to step into the shoes of a Keymaster, the time is ripe to prepare for your quest!
