What is VFOX?
RedFOX Labs is a technology company that specializes in building ventures that utilize blockchain technology to achieve digital inclusion. Since its inception in 2018, RedFOX Labs has been developing multiple ventures that leverage existing business models enhanced by blockchain technologies to achieve digital inclusion. One of its main ventures is the RFOX Finance protocol.
RedFOX Labs has created multiple ventures, including RFOX Games, KOGS, NFT Marketplace, RFOX Media, RFOX Streaming Platform, and MyMedia, that will work together to create an interoperable virtual world known as the RFOX VALT. This virtual world will allow users to interact with one another, share digital assets, and engage in various activities.
RFOX Finance was created as a launchpad for the $VFOX token, which gives holders a share of all transactions that take place within the RFOX VALT. The $RFOX token is the universal currency for this virtual ecosystem, and all payments will be settled in $RFOX with optional fiat off-ramping options.
On May 10th, RFOX Finance forked Pancakeswap and successfully deployed token and farming contracts to Binance Smart Chain. Before launch, Hacken conducted audits on the farm, auto-claim, 3rd party bridge, and token contracts.
One of the most notable features of the RFOX Finance protocol is the auto-claim contract. Initially, liquidity was provided by RedFOX Labs, and those LP tokens were staked in the farm. Every time a farmer harvests their $VFOX, the auto-claim contract harvests the farm from the initial liquidity, which is then swapped for $RFOX and set aside for weekly burn parties.
In addition to the RFOX Finance protocol, RedFOX Labs is working on developing other DeFi products and services that will further enhance the digital inclusion offered by its ventures. The company is committed to creating a world where everyone can access and benefit from the power of blockchain technology.
The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.
Stay ahead of the competition by accessing high-quality data, advanced tools, and expert research.Try for Free