Hey Bro,
So glad you‘re here!
Metaverse company RedFOX Labs always has multiple initiatives in play. Whether that’s staking and yield farming on RFOX Finance, or building an exciting retail and entertainment metaverse, you can count on plenty of activity.
One of the reasons I’m so bullish about RFOX is because the team always seems to have token holders’ bests interests in mind. For them, it’s not enough to hang onto $RFOX for speculations purposes only. Instead, team RFOX strives to continuously provide value and utility.
And the organization’s gaming division, aptly titled RFOX Games, has a new program designed to maintain strong pricing for KOGs NFT collectibles.
KOGs 1st Edition NFTs launched in August of 2020 and we’re now up to 3 editions plus the Bad Days Special Edition. Collectors have been buying and selling not just for staking (which earns $RFOX), but also in anticipation of KOGs: SLAM!, the world’s first purely blockchain mobile game.
The free-to-play Play-to-Earn game is due for a public beta release this month! You can always jump on RFOX Discord to learn more about the game plus all of RFOX’s many tech-forward ventures.
Soon, a new program will allow KOGs holders to create additional value from the NFTs they already hold.
“With the KOGs Mint Lab, you can use your existing NFT and mint five (5) new NFTs monthly that act as digital game pieces that can be sold on the secondary market or used to play in several games in the future. These newly generated NFTs will also act as tickets to a whitelist lottery system that could grant access to the latest PFP (profile picture) NFT-based release, making this the hottest ticket in town.”
The KOGs Mint Lab provides a number of benefits to token holders as well as the overall KOGs ecosystem:
- KOGs NFT holders have the chance to create new digital assets they can sell on secondary markets, the most popular of which is AtomicHub.
- Half of the ETH the team collects is earmarked for buying the floor (lowest priced) for 2nd and 3rd Edition KOGs.
In summary, KOGs holders are eligible to mint 5x fresh NFTs every month, for an overall price of 0.1 ETH. Those new assets can then be put up for sale, allowing users to (hopefully) recoup their ETH investment, and then some.
Since thousands of people hold KOGs right now, we can expect to see plenty of ETH flowing into RFOX Games. Then, the team will scour AtomicHub to find the lowest-priced 2E and 3E KOGs to buy before a ceremonial burning.
Creating deflationary pressure on the KOGs supply will increase the floor price of the NFTs lucky enough to avoid destruction. KOGs holders will see their NFTs become more valuable as the Mint Lab initiative progresses and the floor gets higher every month, while KOGs become more scarce.
Once again, the cunning minds at RedFOX Labs have devised a method to multiply the benefits or participating in the RFOX ecosystem.
Stay safe out there, Bro!