NFT keychains which auto-stake and forge new NFT sets on Polygon.
Just some keys to the NFT Forge
Key holders control a DAO to fund submitted project proposals.
50% of all minting sales and OpenSea commissions are controlled by the DAO.
Auto-Staking 1100% ROI - every keychain you hold automatically earns 10 UNLOCK tokens per day - enough for an 1100% ROI.
Guaranteed Trait Minting - each keychain you hold unlocks one NFT in each forged set - with rare keys unlocking rare traits in the newly minted NFTs.
NFT Forge - vote on and approve NFT lore and artwork for all new NFT sets. Lore creators and artists are paid by the 200 Keys DAO and receive residuals for every NFT minted.
Discounted Minting - mint new NFT sets at a 50% discount.
Mint Free Keychains - 1200 UNLOCK tokens mints a free random keychain which reveals instantly.
Mint NFTs with Guaranteed Traits - 300 tokens with a keychain mints you an NFT in forged sets with guaranteed traits - if you have rare keys in your keychain, you get corresponding rare traits in the NFT.
Mint NFTs without Keychains - 600 tokens without a keychain will mint you a random NFT in the forged set.
Mint Vision - when minting without a keychain, burning UNLOCK tokens gives you minting superpowers. When minting with Mint Vision you see multiple revealed random NFTs in the forged set and choose the best one to actually mint. The more tokens you burn the more NFTs you can see before you mint one.
Creative Control - keychain holders vote for and approve all creative aspects of the newly created NFT sets.
Lore Creation - chosen lore creators are paid $500 to develop NFT lore and traits for new NFT sets. They also receive 5 to 10 UNLOCK tokens each time an NFT in the new set is minted.
Artist Selection - with the winning lore for the new set in mind, artists are selected by the keychain holders and are paid $5000 to develop the artwork for the set. Selected artists receive 25 to 50 UNLOCK tokens each time an NFT is minted.
Forged NFT Auto-Staking - similar to keychains, all NFTs created by the forge automatically earn 5 UNLOCK tokens per NFT per day. This is enough for 1100% annual ROI if minting the NFTs for 600 UNLOCK tokens, and even higher if minting them with keychains for 300 UNLOCK tokens.
Bridged Minting - in addition to minting on Polygon with MATIC you can mint using ETH or MATIC on the Ethereum blockchain.
Instant Reveal - keychains are revealed as soon as they are minted.
Community Reserve - 50% of all mint proceeds are deposited into the Community Reserve - to pay both the lore creators and artists.
The "Core Team" is currently Daniel Cota (twitter.com/danielcota), a veteran developer from the United States with extensive app, server and blockchain dev experience whose apps have been downloaded more than 30 million times.
Daniel is the owner of The Othernet, LLC. You can find their current apps here: https://othernet.com
An avid NFT collector, Daniel is currently the largest holder of JRNY Club NFTs (a project created by twitter.com/JRNYcrypto) and owner of Neo Tokyo Citizen #2271.
In addition to 200 Keys, Daniel is currently working on a project to promote atmospheric carbon dioxide reduction, a novel computational mechanism for telescopy/microscopy and a new release of the drawing app DrawCast.
Additional team members will be added as needed. If you feel like you have something to offer, please contact us via our Discord.
How can I earn 1100% ROI?
Each keychain gives you 10 UNLOCK tokens per day. Once you obtain 1200 UNLOCK you mint a free keychain and then take advantage of exponential growth.
See ROI chart for details
What is Guaranteed Trait Minting?
NFT sets created by the forge all have 200 possible traits. There are 200 possible keys as well. Your keychains will unlock the same trait numbers in the newly minted NFTs.
For example, if your keychain has Keys #1, #13, #50 and #165 it will mint an NFT in the new set with traits #1, #13, #50 and #165 (with the higher numbered traits being more rare).
Which keys are the rarest?
Key #200 only shows up in 5 keychains. Key #1 shows up in 1500 keychains.
How can I mint at 50% discount?
The normal mint price for an NFT created by the forge is 600 UNLOCK tokens. By using your keychain for a Guaranteed Trait Mint you can mint it for 300 UNLOCK tokens.
How can I use Bridged Minting?
Bridged minting is useful if you have ETH on Ethereum and want to mint a keychain. You send ETH to the bridged minting wallet (with a simple low gas ETH send) and a keychain is automatically minted to your wallet on the Polygon blockchain.
What happens to the 300 UNLOCK tokens that are used for Guaranteed Trait Minting (with a keychain)?
▹ 200 tokens are burnt
▹ 40 tokens go to the Community Reserve
▹ 30 tokens go to 200 Keys
▹ 25 tokens go to the artist
▹ 5 tokens to the lore creator
What happens to the 600 UNLOCK tokens that are used when minting without a keychain?
▹ 400 tokens are burnt
▹ 80 tokens go to the Community Reserve
▹ 60 tokens go to 200 Keys
▹ 50 tokens go to the artist
▹ 10 tokens to the lore creator
When is the reveal?
All minting of both keychains and NFTs created by the forge is instant. NFTs will reveal as soon as they are in your wallet (barring delays within OpenSea of course).
What is Mint Vision?
When you mint NFTs in forged sets for 600 tokens (without using keychains) Mint Vision lets you see a number of revealed random NFTs from which you then choose one to mint.
You gain Mint Vision by burning some amount of UNLOCK tokens. The number of revealed NFTs you see is dependent on how many tokens you've burned compared to other users. If not many users are burning tokens and you burn some you will be able to see the maximum (10 revealed NFTs) and choose the best one to mint.
How does voting work?
Every keychain held grants one vote in selecting lore creators, artists and approving submitted artwork.
How are lore creators paid?
Lore creators are paid with MATIC (on Polygon) from the Community Reserve. They are paid $500 worth of MATIC as soon as they are voted as the winner(no further approval is necessary as their work has been completed).
Once the set is created they receive 5 UNLOCK tokens (for each mint that used 300 tokens) and 10 UNLOCK tokens (for each mint that used 600 tokens). With a 10,000 NFT set and a current token price of 17 cents per token, lore creators can receive maximum residuals of roughly $17,000.
How are artists paid?
Artists are paid with MATIC (on Polygon) from the Community Reserve. They are paid $500 for every 20 traits that have been drawn and approved by the keychain holders. As there are 200 traits for the NFTs the total payment is $5000.
Once the set is created they receive 25 UNLOCK tokens (for each mint that used 300 tokens) and 50 UNLOCK tokens (for each mint that used 600 tokens). With a 10,000 NFT set and a current token price of 19 cents per token, artists can receive maximum residuals of roughly $95,000.
What is the maximum number of keychains?
Where can I purchase keychains?
Where can I manage my UNLOCK tokens?
Where can I access the forge?
Where is the collection listed?
What are the OpenSea royalties?
OpenSea royalties for both keychains and NFT sets created by the forge are 7.5%.
Half the royalties will be used to buy UNLOCK from the market which is then sent to xUNLOCK holders (see Tokenomics Paper).
Half the royalties will be used to buy UNLOCK and MATIC which is then locked into the liquidity pair.
How do I setup Polygon on Metamask?
How can I get more MATIC on Polygon?
Gasless conversion to MATIC: https://wallet.polygon.technology