RedFOX Labs describes itself as 'Southeast Asia's first blockchain venture builder.' The project aims to form innovative and scalable blockchain solutions by building, launching, and scaling high-growth tech companies in Southeast Asia's emerging markets. RedFOX Labs has an RFOX token on the Ethereum network that may power an ecosystem of digital services. There's a tournament-based videogame that's in beta testing, a marketplace non-fungible gaming tokens, a soon-to-launch live streaming app that earns users cashback, and planned "virtual land," which will be purchased with the RFOX token.
Unlike traditional streaming platforms with annoying pop-up ads that interrupt viewing, the RedFOX platform can overlay the stream with ads and interactive buttons. This enables advertisers to supply users a convenient and non-intrusive one-click thanks to collecting NFTs as an acquisition or prize.
Virtual space within the stream, like billboards or bus stops, can even be integrated with a marketer's virtual interactive ad. This offers the simplest way to grow brand awareness and supply users with some way to spend $RFOX tokens in-game.
RedFOX founder Ben Fairbank believes the new platform delivers special thanks to making these NFTs "different from the present collectibles within the marketplace." In a politician handout, he talks about how the NFT space is evolving rapidly, with new means of ownership transfer being discussed. In the future, it's possible that NFT holders can gather new NFT tokens within their existing tokens using the Ethereum ERC-1155 protocol. This may even provide a way of operating a whole virtual shop to sell NFT merchandise or the underlying IP addresses connected with them.
RFOX Games, a subsidiary of RedFOX Labs, recently announced a closed beta version of its popular NFT game KOGs: SLAM! – supported the old 90's collectible game POGS. KOGs are already the quantity one selling NFT on the Worldwide Asset eXchange™ (WAX) platform. To help head the discharge, RedFOX recently hired a replacement Head of Business Development, Philip Cahiwat, previous co-founder of LevelUp! Games – one of all the most significant online game publishers within the Philippines and Brazil.
The RFox token powers the whole RFOX ecosystem and acts as a sort of payment. It's used for trading fees, to develop liquidity pools, and for the creation of NFTs. Essentially the RFOX token assumes the role of being the most currency for Red Fox Labs ventures.
RFox tokens may be purchased from popular exchanges like KuCoin, Bittrex, and UniSwap. Plus also can be purchased from the Binance Smart Chain through the RFOX-BNB pool. The token is purposed to be blockchain agnostic and circulates on both Ethereum and the Binance Smart Chain.
RedFOX Labs' price today is $0.153456 with a 24-hour trading volume of $15,474,246. RFOX price is up 7.8% within the last 24 hours. It's a circulating supply of 1.4 Billion RFOX coins and a complete supply of 1.99 Billion. At the time of penning this post (November 14, 2021), RFOX's Return On Investment (ROI) over the past year was 1,170%, underperformed in 'Metaverse, Collectibles, Non-Fungible Tokens (NFT), Gaming' categories which had 2092% growth over the past year. It underperformed within the crypto market, which had 33205% growth over the past year.
Another critical consider the success of any project is gaining public attention. Our data shows that RFOX's Twitter account grew 56% over the last months within the number of followers, which is considerable. However, the Telegram channel users had a 96% growth over the previous months.
Over the last five months, RFOX's market capitalization rank followed an overall declining trend, starting at the rank of 336-554 on July-Sep 2021, reaching 549 in Oct 2021. However, by scripting, this post, RFOX's market cap rank is about 315, and its value is $218,730,118 Million. Moreover, its liquidity score is 35% below the market's average score, making it relatively more challenging to sell in bear markets.
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