Weaving an intricate web of Web 3.0 applications and business ventures, the RFOX VALT metaverse is supremely unique. The reward-centric structure is part of what makes the VALT such a standout.
The roadmap has always shown us that the 1st VFOX rewards payment would be announced in October. Well, here we are and we have not only the news but also the payment mechanism in place.
Do you have VFOX tokens and want to earn some RFOX tokens just for holding onto them? You can’t just hold them, though. You must put them to work.
New farm and staking options
Those that participated in the original VFOX/RFOX pool were handsomely rewarded with an APR percentage reaching the thousands.
But quadruple-digit returns can’t last forever. The APR slowly diminished but was still rewarding for those who can handle the risk of impermanent loss.
Yes, if you create LP tokens by putting equal parts RFOX and VFOX together, you may have less RFOX or less VFOX than when you started. But that only happens whenever you decide to cash out your tokens.
If you’re cool with yield farming, which is now paying over 17% APR, head over to RFOX Finance.
But if you don’t want to risk impermanent loss, you can join one of the staking pools.
Callinova rewards now paying
A solid 15% of the RFOX collected during September’s Callinova SHOP auction is now sitting in a pool for VFOX holders to claim.
Single-sided staking is when you lock up only 1 type of token into a smart contract, then get rewarded with either the same token or another token altogether.
Staking VFOX will give you returns in RFOX. Simply put your VFOX into the pool, which was fully audited by Hacken, then watch your RFOX rewards come in.
So how can you earn VFOX instead of RFOX? That’s simple, too. Just enter the other staking pool that accepts RFOX and gives you VFOX.
Miss RFOX Philippines crowned
Beside’s the VALT itself, RedFOX Labs has many more products in development that will click into the VALT.
RFOX Media is one such venture, and the organization recently ran a Miss RFOX contest in which competitors made inspirational videos for their shot at $2.000 for themselves as well as $2.000 for charity.
The winner of the main contest, Miss U PH, is Beatrice Luigi Gomez. But the winner of Miss RFOX, with a huge social following, is Kisses Delavin.
Time will tell us how Kisses brings new participants into the RFOX ecosystem. Seeing how her fans absolutely adore her, I predict good things will come our way.