VFOXPrice

(VFOX)

VFOX is a specialized rewards-based utility token, whereas RFOX serves as the primary currency for transactions across the broader ecosystem. While RFOX is used for general utility, VFOX is specifically designed for participants to earn a share of the rewards generated within the RFOX VALT metaverse. Holding and staking VFOX allows users to benefit directly from the economic activity and fees generated by the project's virtual retail space.

The RFOX VALT is a VR-first, immersive metaverse focused on retail and shopping discovery. It acts as the core product of the ecosystem. Economic activity within the VALT, such as retail transactions and interactions, generates fees. A portion of these transaction fees is distributed to users who stake their VFOX tokens, providing a rewards mechanism based on actual ecosystem usage rather than simple token inflation.

The project has announced a migration for both RFOX and VFOX tokens to a new token called JUICE ($JUC) on the Orange Network. The migration ratio is set at 1 VFOX to 20 JUICE. This transition is part of a strategic shift in the project's infrastructure. Token holders should note that the migration period is scheduled to remain open until July 10, 2025, allowing ample time for users to swap their legacy tokens.

To earn rewards, users must stake their VFOX tokens through the RFOX Finance dApp. This requires connecting a compatible non-custodial Web3 wallet. Unlike many platforms that reward users with newly minted tokens, VFOX rewards are derived from the actual transaction fees and commercial activity within the RFOX VALT metaverse. While standard staking is often flexible, some tiers may offer higher multipliers for participants who choose to lock their assets for specific periods.

VFOX operates on the BNB Smart Chain (BSC). For security and to ensure compatibility with staking rewards, users should use non-custodial wallets like the LBank Wallet or other Web3-enabled browser extensions. The official contract address on BSC is 0x4d61577d8fd2208a0afb814ea089fdeae19ed202. It is important to note that rewards cannot be earned if tokens are held on a centralized exchange; they must be moved to a private wallet and staked on the official dApp.

VFOX can be acquired on various trading platforms, including LBank and several decentralized exchanges (DEXs) on the BNB Smart Chain. When looking to acquire VFOX, users should be aware that as the project migrates toward the JUICE ($JUC) token, liquidity may shift. It is always recommended to use secure platforms like LBank to manage your assets and stay updated on the latest migration announcements to ensure a smooth transition to the new ecosystem token.