Auctions for another 25 virtual storefronts inside the RFOX VALT metaverse raised 1.2M USD in $ETH, a figure surprisingly smaller than September’s $1.7M raise, most likely due to poor overall crypto market conditions.
45% of the proceeds are going towards market-buying $RFOX tokens, which is a significant purchase of $540k taking place in unannounced intervals so as not to disrupt market pricing.
1.3M $RFOX tokens will go into staking and yield farming pools as rewards for holders of $VFOX token, now trading on RFOX Finance, with another 860k $RFOX being burnt.
After beginning its existence as RedFOX Labs, the team has moved out of the laboratory and rebranded, creating the new RFOX.com with much cleaner messaging throughout.
Courtesy of the exchange’s community-driven BTR Vote event, $RFOX token is now trading on Bitrue against $USDT.
All participants of the RFOX multiverse, which extends to players of play-to-earn KOGs: SLAM!, are encouraged to enroll in the RFOX ID program, a single sign-on tool from AIKON, an organization in alignment with RFOX’s mission to wield technology in the battle against economic inequality.
Yield Guild Games, another VALT partner, recently hosted the RFOX Games team for a KOGs: SLAM! AMA.
The recent ICON partnership is significant for both organizations, and the ICON partnership spotlight article will tell you why.
With nearly $3M raised to date, which is only the halfway point, we can expect the RFOX VALT to create a high-end, exciting and rewarding metaverse environment.
