Although the RFOX VALT metaverse is still under construction, its reward token, $VFOX, already has utility. Nearly 30M $RFOX tokens were collected during September’s virtual land sale.
But do you think that RedFOX Labs is going to keep all of it for themselves? No, they are not. Per the VFOX reward system’s tokenomics, a whopping 15% of those incoming $RFOX are now going out to the community.
The team has made it clear that to avoid being classified as a security (ridonkulously defined using benchmarks from the 1920s), token holders must perform an action to claim their rewards.
And now, depending on what you hold or are trying to earn, you have 3 ways to earn either RFOX or VFOX tokens. Head over to RFOX Finance to partake in one of the opportunities:
- Stake your VFOX to earn RFOX, with funds deriving from the 15% of RFOX collected during the Callinova auctions
- Stake your RFOX to earn VFOX, which the team recently market-bought to distribute as community rewards
- Combine equal parts RFOX & VFOX to form LP tokens, then stake them in the yield farm to earn RFOX at 18% APR (at the time of writing)
I’m not here to give anyone any financial advice because I’m neither qualified nor properly trained to do so, but I think 3–5 years from now, when the VALT is a vibrant VR playground hosting millions of users, we’ll laugh at how ridiculously low these token prices are today.
One is an ecosystem currency and the other rewards you just for holding. And there are only 21 million in the world. Let’s say you want to go big and have a stack of 10,000 VFOX.
Well, it only takes 2100 people to think that way before all the VFOX are sold out! With only 1 of 4 auctions complete, we are still very very early to the VALT. I plan to take advantage as best as I can :-)