If there’s one thing I’ve learned about RedFOX Labs and its complex ecosystem that at its core, the team looks to do what’s best for the community.
A past example includes the 10:1 coin-to-token conversion when switching over to the Ethereum network. Due to the price at the time of the swap, coupled with the all-time high hit post-swap, most token holders who got in early have done at least 10x.
Over on the organization’s gaming side, RFOX Games has several community-driven programs in the works. Opening in October is the next staking window for KOGs NFTs, during which 5,000,000 RFOX tokens are going to owners of select sets.
Upcoming blockchain game KOGs: SLAM! is currently in closed beta and testing its Play-to-Earn mechanic, while RFOX Media is launching a Play-to-Eat program in Myanmar.
At RFOX, it’s not always about profits, although any business needs those to survive. Often, it’s about doing what’s best for the community as well as the token holders.
Once again, team RFOX stayed true to its ethos by refunding all 6.6 million RFOX tokens collected during last weekend’s Miss Universe Philippines NFT sale.
Not only that, but those tokens could have offset the 10 ETH prize pool. RFOX did come out ahead in that nearly 400 users put their new NFT platform, an integral component of the VALT metaverse, to the test.
A recent tweet breaks it down:
“Buy a Miss Universe PH NFT with $RFOX on our new NFT Platform and get your RFOX back in 48 hours. Keep the NFT and wait for the reveal at 8pm GMT +8 tonight. Hold a mythic of the winner of Miss Universe Philippines and WIN an $ETH!”
I can tell you from personal experience that I did indeed get my RFOX refunded within 48 hours. I was excited to pick up some NFTs for collecting and a shot at winning $3k worth of crypto.
With less than 6 hours to go, the refund announcement came out with less than 6 hours left before the NFTs revealed their rarity. Soon afterward, collectors and speculators alike made sure that all 10k Ms. U PH NFTs saw minting.
A couple of crucial RFOX NFT platform attributes:
- Immediately after minting, NFTs automatically integrate with OpenSea, a marketplace that sometimes crosses $1B in weekly sales
- User-friendliness is a common aspiration for all RFOX products, and the Ms. U PH NFT sale site sprang from a small team with no web design team to speak of
After following RedFOX for so long, I continue to believe that eventually, the project will outshine, outlast, and out-build most others and rise to the front page of CoinGecko.
Keep it up, RedFOX!