Were you lucky enough to score one of the 25 SHOPs in the RFOX VALT metaverse’s art quarter during September’s auctions?
Yes? Congrats for being an $RFOX whale! If you got priced out like the rest of us, your 2nd chance at glory is arriving this month. It’s great if you hold $RFOX tokens but you can’t use them this time. The team is hoping to attract more attention by using $ETH for the next SHOP auction.
They’re calling the gaming-themed quarter Arkamoto (arcade + Nakamoto), and if you have enough $ETH, you can get put one of the SHOP NFTs in your wallet for use or sale on secondary markets like OpenSea.
The team at RedFOX Labs continuously seeks to drive value for its token holders. They’re doing it again during the upcoming auction, and having the sale occur in $ETH is bringing multiple benefits to the ecosystem as a whole.
That’s one hot metaverse
Now that Facebook went and rebranded themselves to Meta, the entire tech world finally understands what RFOX VALT is going to become.
The idea of operating from within a metaverse is one on most organizations’ hotlists these days. And the VALT makes it very easy for qualified outfits to come and join them inside a retail and entertainment metaverse experience that’s been in the works since last year.
Joining forces with RFOX provides a win-win outcome for the right partnerships. Recent notable examples include the ICON network, Yield Guild Games, and everyone’s favorite crypto price feed, CoinGecko.
Each of the three organizations is highly qualified to bring traffic into the VALT by means of a pre-established community. They also gain a VR-ready virtual space to let potential users and investors interact with products, services, and personnel.
Trading SHOPs for ETH
Buying a SHOP inside the VALT means gaining an NFT that represents ownership. And in the NFT space, especially on the higher end of the price spectrum, most of the action is on the Ethereum network.
Per the latest “why ETH” article, the team has a solid plan for all the $ETH it plans to collect during the Arkamoto auctions.
RedFOX Labs is good at finding ways to reward those who support them by using their products and holding one of their tokens or NFTs. And they cooked up a great plan for the Arkamoto proceeds.
A healthy 15% cut goes straight to $VFOX holders. VFOX is a reward token entitling its holders to a portion of every in-VALT transaction. Staking and farming are now live at 23tRFOX Finance on the Binance Smart Chain.
Another 15% will fill the pools at RFOX Finance, and 10% is for market-buying $RFOX and then burning the purchased tokens. Hope you can make a trade right before that happens!
Finally, the team is putting 5% into the fund that issues rewards for the VALT’s Quartermasters charged with maintaining their respective areas. Overall, 45% of Arkamoto’s raise is returning to the community in one form or another.
Good luck to you if you plan on bidding. The last auctions were cutthroat and now that there’s way more hype surrounding the metaverse, we might see a massive spike in SHOP prices. We’ll find out soon enough!