RFox Finance is the newest venture by Red Fox Labs, operating on the Binance Smart Chain for cheaper transaction costs. Enabling RFox holders to earn a yield farming the RFox and VFox tokens.
RFox Finance is the latest venture by Red Fox Labs that operates on the Binance Smart Chain and engages in decentralized finance where users can trade, farm, and stake.
Apart from the color scheme, you’ll find that RFox finance is very similar to PancakeSwap and that’s because it’s actually a fork of PancakeSwap, which was, in turn, a fork of UniSwap.
Red Fox Labs was founded in 2018 with the intent to be Southeast Asia’s first blockchain venture builder and to help with the mass adoption of blockchain and other emerging technologies.
The team is headed up by their Co-founder and CEO Ben Fairbank who worked for multinationals such as Grab, Virgin, and Is also known for being the GM of Komodo Platform. Glen Pearce is their Co-Founder & Chief Strategy Officer whose had international experience in a career that spans more than 15 years.
The RFox token powers the entire RFOX ecosystem and acts as a form 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 main currency for Red Fox Labs ventures.
RFox tokens can be purchased from popular exchanges such as KuCoin, Bittrex, and UniSwap. Plus can also 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.