Velapes Academy is the first ape collection of 4,444 Ape NFTs—unique digital collectibles living on the Velas blockchain.
Your Velape is your key access to the Velapes Academy and will collect passive income.
Tokenomics: Velapes Academy uses an all new reflectionary minting system that earns Velape holders VLX.
This means that 10% of every minting fee is reflected back to existing Velapes holders and can be claimed at any time!
This process has been created to reward early Velape adopters in such a way the earlier you are the more minting fees you receive!
Passive income continues after the mint is over! Velapes academy uses the EIP-2981 standard for royalties.
Most of the marketplace sales royalties will also be distributed in the reflection reward pool.