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RedFOX Labs

RedFOX Labs (RFOX)

$ 0.00
Main info
News
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Markets
Analytics
Market cap
$116.94K
Volume (24h)
$0.01
Circulating supply
1,312,000,760 RFOX
Total supply
2,000,000,000 RFOX
Max. supply
2,000,000,000 RFOX

About RedFOX Labs

Utility of RFOX Coin

The RFOX coin will be used as a form of payment to contractors, developers, network operators, for security, bug bounties, discounts on certification and many more.

The RFOX token will serve as the global currency within the RFOX-KMD enterprise world.

Token Usage in Businesses

As RedFOX Labs will build out a number of businesses, the RFOX token will be used as the sole purchasing method for these token generation events. There may be times whereby other tokens or purchasing methods may be accepted but the RFOX token will always provide the best rate of exchange for these purchases.

Side-Chain Applications

Some of the companies that RedFOX Labs creates may not have a need for their own native token and may choose the path of becoming a side-chain and therefore utilising the RFOX token to facilitate transactions and reward miners for processing these blocks.

In this instant the processing of these transactions may be facilitated by using the RFOX token, without the customer ever knowing they were even interacting with the blockchain.

An example of this could be when building a pay TV model. Customers may require a credit card to transact and instead we may offer a QR code and then facilitate receipt generation or personal account verification on the blockchain.

Key data

updated $0
Market cap$116.94K
Volume 24h$0.01
Circulating supply1.31B66% of max 2B
All-time high$0.37-100% from peak · 2021-04-09

RedFOX Labs (ticker RFOX) is a cryptocurrency project focused on building digital ecosystems across Southeast Asia, including e-commerce, gaming, and metaverse ventures. In simple terms, RFOX is the token that powers this ecosystem, acting as a medium for transactions and access to the platform's services. The coin runs on a dPoW (delayed Proof of Work) consensus mechanism and has a fixed maximum supply of 2,000,000,000 coins.

Frequently asked questions

What is RedFOX Labs and how is it different from other crypto projects?

RedFOX Labs is a venture-building company from Southeast Asia that creates digital businesses in e-commerce, gaming, and virtual worlds, with RFOX as its native token. Unlike many coins that exist purely as payment tools, RFOX is tied to a whole ecosystem of products, which gives it utility beyond simple transfers. The project focuses on emerging markets in the ASEAN region.

How does the dPoW consensus mechanism work?

dPoW, or delayed Proof of Work, is a security method where a network attaches itself to a stronger blockchain (historically Komodo's) by periodically notarizing its blocks there. This makes attacking the network far more expensive, since an attacker would need to compromise both chains. The result is Bitcoin-level security without the enormous energy cost of running full proof-of-work security independently.

How is the RFOX token supply structured?

RFOX has a hard cap of 2,000,000,000 coins, meaning no more than that amount will ever exist. A fixed maximum supply protects the token from unlimited inflation, since no central party can simply print more. This makes the emission model transparent and predictable for holders.

How can I store and use RFOX tokens?

Since RFOX is a token based on established blockchain infrastructure, it can be stored in any compatible wallet — hardware wallets for maximum security or reputable software wallets for everyday access. Within the RedFOX ecosystem, the token is used for transactions, accessing services, and participating in the platform's gaming and virtual world products. Always get the official contract address from the project's site at https://redfoxlabs.io to avoid fake tokens.