Vietnamese DeFi Protocol, RedFOX Labs, is now live on Binance Smart Chain, opening up $VFOX to millions of newfound users, offering staking and yield farming options.
After working for months, the RedFOX Labs team has finally integrated the RFOX.Finance Protocol into the Binance Smart Chain (BSC) network. Proposing to change the way users interact with the project, RedFOX appears primed for business.
Primed and Ready for Business
With the launch on BSC, RedFOX can begin the rapid distribution of its native token, $VFOX. New investors can quickly take part in the RedFOX community’s growth and holders can conduct yield farming and staking of the token to reap profits.
Token holders of $VFOX will be able to generate rewards from RedFOX Lab’s new RVOX VALT project.
Many BSC projects have a TVL (total value locked) of more than USD$50 billion, making the space a great place to gain new growth and investor attention. Acknowledging this potential, RedFOX has entered this market space with its DeFi products.
Prioritizing Security and Transparency
To further support the move to BSC and assure users (new and old) that the platform is safe, the RedFOX Labs team has enlisted assistance from external security experts, Hacken,.
Also, RedFOX has assured that buyers can still acquire $VFOX tokens from both PanCakeSwap and RFOX.Finance. Two weeks after the launch, staking options for $VFOX and $RFOX in single asset pools will be made possible.
To ensure value appreciation for token holders, RedFOX Labs will take $VFOX earned from the initial liquidity provided and convert them back to $RFOX and incrementally destroy tokens in circulation.
By launching RFOX.Finance, RedFOX Labs hopes to realize their vision of becoming a top-tier ecosystem builder in SEA (Southeast Asia). This will no doubt endow the $RFOX token with a great deal of utility and value for its users.
For more info about RFOX Finance, go visit https://docs.rfox.finance.
About RedFOX Labs
RedFOX Labs is a venture builder based in Vietnam, that identifies and builds successful business models for the Southeast Asian markets. It is focused on unlocking the true market value of the Southeast Asian digital economy for high consumer demand services such as e-commerce, e-media, e-travel, and esports/gaming and focuses on adding value to the digital economy through the use of emerging technologies such as blockchain. As a company, its value is tradable through its native token ($RFOX).
RedFOX Labs Official Channels:
Telegram Group: https://t.me/redfoxlabs_announcements