Olympex Pass
Utility NFT
The Olympex Pass is a free evolutionary utility NFT within the platform. Its purpose is to empower users with the ability to grow. This growth mechanism is built into the NFT's dynamic metadata, which records the user’s on-platform activity via a point system— comprised of transaction volume and referral activity.
These NFTs belong to a collection inspired by the ancient Greek drachma coin, with each pass featuring a unique design that reflects the holder's progress. The collection is structured across three evolutionary tiers that reward engagement and commitment:
Bronze Pass (Bronze Coin)
Silver Pass (Silver Coin)
Gold Pass (Gold Coin)
It is important to understand that Olympex Passes evolve automatically without the need of manual intervention from the user. Once the requirements for an upgrade have been met, both the utility level and the visual aesthetic of the NFT will upgrade automatically. For further certainty, this can be corroborated in the Dashboard or any NFT visualization tool, for the NFT is always stored in the user’s decentralized wallet.
Each tier unlocks exclusive benefits, particularly progressive fee discounts across the platform.
Key Features:
Free Minting: Users can mint a Bronze Pass at no cost.
Evolution: Both their utility and visual aesthetic automatically evolves from Bronze to Silver and then to Gold based on the user’s accumulated score.
Transferability: The NFTs are transferable and will be tradable on secondary markets like OpenSea while also retaining their respective scores.
Dynamic Metadata: Each NFT stores the user’s historic activity via accumulated points
Progressive Benefits: Platform fee discounts range from 5% (Bronze) to 100% (Gold) depending on the pass level.
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