The KOGs ecosystem is just getting warmed up to play a significant role in the RFOX VALT metaverse that RedFOX Labs is coding.
We’ll see KOGs NFT vending machines alongside exciting tournaments played in a virtual esports stadium. The VALT is shaping up to be a fun digital destination!
But the new KOGs Mint Lab goes beyond fun and wants to give you a dose of profits by letting you mint NFTs to sell on the secondary markets.
After looking into my crystal ball I sense that you have some questions. let’s get them answered for you!
Question 1: How much does it cost to mint new KOGs NFTs?
Each new KOG you mint costs 0.02 ETH, plus applicable gas fees.
That price will hopefully prevent the market from being flooded with new KOGs.
Question 2: How many NFTs can we mint in the Mint Lab?
Each wallet is limited to 5 NFTs per month.
Once again, there’s a cap so people don’t go making a squillion new tokens.
Question 3: What will RFOX Games do with the ETH it collects?
Half of the haul goes towards game development. KOGs stands for Keys to Other Games. KOGs: SLAM! is a free play-to-earn game that’s nearly in public beta. But more games are in the pipeline!
The other half of the funds will go towards sweeping the price floor.
Question 4: What’s a “price floor” in the NFT industry?
The term “price floor” is the lowest price you can pay for any given asset. For example, some KOGs go for less than $0.25.
Question 5: What happens when RFOX Games sweeps the floor?
The team will use collected funds to market-buy the cheapest 2nd and 3rd edition KOGs sold on the AtomicHub marketplace on the WAX network.
Question 6: Are 1st Edition KOGs part of the program?
Not this time. 1E KOGs are plenty rare as it is. Ether wouldn’t go very far if anyone tried sweeping their price floor
Question 7: Does the RFOX ecosystem contain other P2E games?
Yes! However, the “E” stands for “Eat” in this case. RFOX Media is running a promo for RFOX Run, an endless runner that lets Burmese citizens play in exchange for delivery vouchers from foodpanda.
The campaign has been very successful! Over 72,000 new RFOX ecosystem participants joined in the first week, playing over 1M games.
RFOX the token has spiked way up over the past week. Congrats if you did well on a trade! But with the VALT metaverse still under construction, next year should bring a rocket ride to the moon.