Cryptocurrency

RedFOX Labs Has Launched DeFi Protocol RFOX.Finance on Binance Smart Chain

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

Twitter: https://twitter.com/redfoxlabs_io

Facebook: https://www.facebook.com/redfoxlabs.io

YouTube: https://www.youtube.com/channel/UCjSvr6RFSMlN00mWRiU0mSQ

LinkedIn: https://www.linkedin.com/company/redfoxlabs-io/

Bit Media

What's Bit Buzzin'

Share
Published by
Bit Media

Recent Posts

How to Rent a Cab in South Goa Without a Driver

If you're planning a trip to Goa, one of the first things you'll need to…

3 hours ago

Career Motivation For Fresh Licensed Nurses

A career in nursing can be both personally and professionally rewarding. As a nurse, you…

3 hours ago

Linner Nova: The Hearing Buds from Linner Generating a Lot of Buzz

Providers of innovative medical devices, Linner, continues to garner reviews for Linner Nova, a revolutionary…

3 hours ago

7 Best Bitcoin Mining Software In 2022 [Free Tutorial]

Ten years after Bitcoin's first success, cryptocurrency mining is still hugely popular. As it is…

3 hours ago

What Is Premises Liability? What To Do In Such Situations?

The most significant responsibility of a property owner is to maintain a safe environment for…

5 hours ago

Peppy Pet Ball Reviews (Critical Update): Why Peppy Pet Ball is the Best Pet Toy.

Peppy Pet Ball Reviews After several hours of research, consulting experts on peppy Pet Ball…

5 hours ago