5.5 Million $RFOX Tokens Spreading Throughout the Metaverse
The RFOX VALT metaverse ecosystem is back with another giveaway spree. You can earn them in different ways, but five & a half million tokens are heading out of the organization’s crypto wallet.
A good chunk of those funds will originate in the KOGs ecosystem, where avid collectors can stake sets to earn $RFOX. A cool 2.5 million $RFOX tokens are reserved for the KOGs NFT staking program, which includes Special Edition KOGs for the first time ever.
From that 2.5M, a healthy 10% (250k) $RFOX tokens are for the IAPF NFTs that recently completed a 24-hour sale. And for the comic-inspired collection that collectors love to collect, Marvel’s Bad Days KOGs are eligible for staking rewards.
But those KOGs NFTs are for staking only! You can use them in KOGs: SLAM!, the free-to-play-but-play-to-earn mobile blockchain game that’s now available for Android devices in 175 countries. The app for all you iOS users out there is still in the review process with Apple.
But let’s pretend that NFTs aren’t your jam. Up for a bit of liquidity provision? Millions of tokens await those willing to take the plunge into the wild and risky realm of impermanent loss.
3M $RFOX tokens from RFOX Finance
The RFOX multiverse's DeFi arm, RFOX Finance, is kicking off a new LP farm and giving out 3M tokens over the course of 90 days. The new RFOX-BNB yield farm begins with BSC (BNB Chain) block #15,560,000, which should happen on Feb. 25th.
Never farmed before? Let me tell you a few things about that! First, make sure you’re comfortable with impermanent loss before committing funds. Don’t know what that is? Look it up!
To get started on the farm, you’ll mix equal parts BNB and RFOX tokens to create LP tokens representing RFOX/BNB value. You then stake those in the farm to earn $RFOX rewards. If you can stomach the risk, it can be a very lucrative endeavor because you get paid in relation to your share of the pool.
Traditionally, the returns start sky-high and then drop as more wallets add funds to the rewards pool. It’s all proportional. It may take me a few days to get this posted, but right now, the morning of Feb. 23rd, the APR is around 1,500%.
It was roughly 500% higher yesterday when I made an initial deposit. Only the blockchain can decide exactly when the pool will go live. I expect it to fall under 300% by then. But who can complain about that rate?!