You may like to use decentralized exchanges for trading, but not everyone is comfortable holding their own coins and metaverse tokens. Some prefer the convenience of centralized solutions to handle funds for them.
That’s where Simplex comes in. Now you can use the platform to buy $RFOX with a credit card.
The $RFOX token powers all transactions inside the RFOX VALT metaverse experience. Visitors will be given more payment options, but $RFOX is the underlying settlement layer for everything sold in the VALT.
And I’ll let you in on a little secret… in case you didn’t know… you can rake in some passive income for all those transactions. Of course, I’m talkin’ about $VFOX, the ecosystem’s reward token.
Only 21 million VFOX tokens will ever exist. Does that remind you of BTC? It should. All the tokens are out in circulation already, and they’re becoming hard to come by. RFOX Finance is where you can get them… while supplies last.
Every time a purchase is made inside the VALT, which is still under construction, 1% of the collected $RFOX goes into a pool reserved for VFOX holders. Then, every three months, those rewards go into staking pools on RFOX Finance.
All that’s needed to claim your rewards is to put VFOX into a smart contract, then choose when to harvest your $RFOX. Plus, since the pools are on Binance Smart Chain, staking transactions are less than one greenback.
More good news for the RFOX multiverse: one of its inroads recently hit millions of interactions.
RFOX Run passes 5M games
RFOX Media is a major contributor to the RFOX ecosystem’s current “sleeping giant” status. Not long ago, RFOX’s media division went by the name of MYMEDIA Digital, Myanmar’s most successful platform of its kind.
Across different segments like tech and fashion and sports, MYMEDIA boasts 13M Facebook followers consuming over 20M minutes of consumed video content every month.
And roughly one year ago, RFOX purchased MyMedia before recently rebranding. That’s 13M potential VALT customers just waiting for activation! So what’s the holdup? Why isn’t RFOX just shouting from the rooftops and sending messages to all those followers?
The answer is complicated. However, it all comes down to product readiness. In order to market to all those consumers, RFOX needs an enticing offer. And since the VALT is still under construction, as is RFOX TV, the company is waiting to nail the timing.
In the meantime, while products develop further — which includes the white-label RFOX NFTs platform — RFOX Media created the RFOX Run mobile title. The game allows players to earn food vouchers in exchange for their time, and every new player is a potential VALT visitor.
RFOX Run players are encouraged to set up an RFOX ID account which is a single-login system for the RFOX ecosystem. The initiative was a success with 5.2M games played. It also gave food to hungry players while preparing the VALT for a future audience. Win-win!
Lucky for everyone holding $RFOX and VFOX tokens, those 13M potential visitors are only a single method for drawing traffic into the VALT. There are KOGs NFTs and DeFi and VR-powered shopping, to name a few.
In other words, the VALT is gearing up to be a retail and entertainment powerhouse with hundreds of thousands, if not millions, of users.