The RFOX VALT retail and entertainment Metaverse ecosystem has an MVP heading our way in only a few months.
Of course, the roadmap is subject to change and may very well do exactly that. These things happen when you are using experimental technology that doesn’t have a user manual!
Every one of the VALT’s ventures — media, DeFi, blockchain gaming, NFTs, and more — will use $RFOX tokens in one way or another. There was once a maximum supply of 2 billion $RFOX, but that number continues to shrink.
The token volcano
RFOX’s philosophy, as you can see for yourself in the CEO’s latest AMA, is to put more value into token holders’ hands. Staking and farming on RFOX Finance is one example.
There are also ways to add value to every RFOX token in existence. And that happens when the team sends millions of tokens into an exceptional type of wallet.
You may have never heard of them, but “black hole” wallets are a thing in the crypto space. Such wallets have no private key and are deposit only. Once tokens enter a black hole wallet, they’ll never return.
And on January 31, team RFOX sent 3,877,773 $RFOX into the abyss. You can always check the transaction if you’d like to see proof.
More burning will follow
RFOX tokens harvested for burning come from several sources. One is the pools on RFOX Finance, which displays the total on the home page. All the burns combined have now reached 20M.
Another source of tokens to set ablaze is from NFT auctions inside RFOX VALT. The first auction took place via $RFOX tokens, and a portion was set aside. The second auction took place via $ETH.
The same percentage of overall sales was accounted for, but the team traded ETH for RFOX so they could burn the allocation. And let’s not forget that there are two more upcoming VALT auctions.
The music quarter’s auctions — 25 total SHOPs — are tentatively scheduled for Q1 of this year. As for the last round, the all-purpose quarter, it’s also going on sale before summer begins.
Point is, more $RFOX will soon go down the drain. And as a result, all the survivors will increase in value.