Blog > Listings > Articles
New Listing: RFOX Finance (VFOX) Token
Table of Contents
$VFOX token is now listed on Liquid and available for all users!
About $VFOX and the RFOX Ecosystem?
To understand the utility of $VFOX, we need to revisit the RFOX Ecosystem.
RFOX is a metaverse company with a mission to be the global leader in immersive metaverse experiences focused on retail, media, gaming, and rewards, through the RFOX VALT metaverse. Since 2018, the company has built the RFOX ecosystem of products and solutions that include online games (RFOX Games), white-label NFT platform (RFOX NFTs), DeFi products (RFOX Finance), digital media platforms (RFOX Media and RFOX TV), and more. Its main token is $RFOX, the digital asset that fuels the RFOX metaverse ecosystem and its immersive technology.
In 2021, the RFOX company created $VFOX, which acts as the rewards token of the RFOX VALT metaverse and the rest of the RFOX ecosystem. VFOX holders who participate in single-sided staking, yield-farming, and other DeFi activities will gain $RFOX rewards from activities within the RFOX VALT and other RFOX businesses. The RFOX VALT is scheduled to launch its MVP (minimum viable product) on April 27, 2022, giving $VFOX and $RFOX holders an immediate preview of the new digital economy that the metaverse will represent.
The VFOX token grants rewards to its holders based on the transactional volumes that are generated within RFOX VALT. It was created in May 2021 through a yield farm on Binance Chain. VFOX was a fair launch and token holders are eligible for rewards based on transactions, including plot auctions, asset sales, rent, advertising revenue, etc., determined by their overall holdings.
Holders of $VFOX can participate in the growth of the RFOX metaverse and support its increased bandwidth in various ways, and benefit by doing the following:
- Hold and stake $VFOX tokens to earn from activities within the RFOX VALT
- Use $VFOX for staking activities on the RFOX Finance DeFi platform to yield rewards in the form of $RFOX and $VFOX tokens, among other potential rewards in the future.
- Get access to future earning opportunities that utilize $VFOX within the RFOX ecosystem.
Problems and Solution?
Over the past few years, a new concept has emerged as an entirely new way to reimagine the evolution of the Internet: the metaverse. It is the envisioned future of information sharing, which under the current Internet paradigm is centered on the transmission of data from one party to another on an as-needed basis, using centralized authorities as intermediaries, such as telecom companies, Internet companies, data centers, and other major entities that process and transmit information on people’s behalf.
As we move to the metaverse, major Internet players will have roles in its formation, but it is more likely that it will be built in a more decentralized manner, just like how blockchain has allowed the creation of cryptocurrencies, decentralized finance, and other forms of decentralized systems. This opens a whole new field for RFOX to take an early stake in, particularly by the creation of the RFOX VALT.
RFOX VALT is a fully immersive shopping, retail and entertainment experience that uses virtual reality and combines gaming elements to form its own standalone virtual world. It brings together the best in class of crypto through NFTs and real-world applications of ecommerce, gaming, and entertainment. RFOX VALT will incorporate VR and AR technology, as well as future AI technology, in addition to offering digital items, including those issued through blockchain smart contracts and non-fungible tokens (NFTs). Alongside the formation of the RFOX VALT, the company created the $VFOX token to represent the RFOX community’s stakes and benefits in its metaverse project.
During the launch of $VFOX, RFOX provided the initial liquidity to a farming pool created for the purchase of VFOX tokens. Initially, people who wanted to obtain VFOX tokens were required to provide liquidity to the pool — thereby earning LP tokens — by purchasing $VFOX and locking it against an equal value of $RFOX tokens on Binance Chain. The LP tokens were staked in a farm which yields a share of the newly created $VFOX tokens. The number of pre-minted tokens is set at 21 million $VFOX, and yields ceased after five months of farming, in October 2021.
During this farming process, the $RFOX tokens earned by the RFOX company for providing the initial liquidity were converted back to $RFOX and burned, removing them permanently from the total $RFOX supply. This introduced a deflationary mechanic to the token increasing the $RFOX scarcity.
In September 2021, RFOX Finance introduced staking pools for both $RFOX and $VFOX, where you can earn additional $VFOX at a lower rate of return. This $VFOX was purchased from the market by the RFOX team to provide additional value to $RFOX holders.
The RFOX company is continuously exploring new ways to utilize the $VFOX token to support the further growth of the RFOX VALT metaverse and the RFOX ecosystem.
Interested in learning more about $VFOX? Join the RFOX community:
- Website: https://www.rfox.com
- Twitter: https://twitter.com/RFOX_Official
- Facebook: https://www.facebook.com/rfox.official/
- LinkedIn: https://www.linkedin.com/company/rfox-official/
- Discord: https://discord.com/invite/rfox
$VFOX Listing Details
Listing Date: April 20th, 2022 at 3 PM (JST).
Trading pair: VFOX/USDT
From 20th of April, 2022 - 4th of May, 2022 we offer 0 fees for trading $VFOX pairs on Liquid.