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RFOX & VFOX Token Migration Announcement

RFOX • Feb 28, 2024

Introduction: Migrating $RFOX & $VFOX to JUICE ($JUC)


We are excited to announce an important milestone in our journey — the migration of $RFOX and $VFOX to JUICE ($JUC) a new token on a new blockchain Orange. This migration is a significant step towards achieving our vision and the first phase of our Progressive Decentralization Plan for our blockchain technology,


Why Migrate to JUICE ($JUC) on the ORANGE Network?


The RFOX and VFOX tokens are migrating to a new token JUICE ($JUC) to expand their vision to a new utility case. The JUICE token ($JUC) will replace the RFOX and VFOX tokens, transitioning to become the ecosystem gas token of the Orange Network.


The Orange Network and JUICE token ($JUC) broadens the tokens’ utility significantly, introduces new rewards and incentives for contributing to the growth of the ecosystem, and is the first phase of a longer-term progressive decentralization plan.


Our decision to migrate is fuelled by the desire to leverage the unique advantages of the Orange Network, aligning with our long-term goals:


Enhanced Rewards and Incentives: Orange introduces improved rewards and incentives with the migration to JUICE ($JUC).


Expanding utility case beyond the RFOX Ecosystem: A new name, a new horizon JUICE ($JUC) will replace both the RFOX and VFOX tokens, becoming the Orange ecosystem gas token.


Progressive Decentralization: A progressive decentralization plan is a philosophy as much as it is a strategy, reflecting a belief in the power of distributed networks and communities to govern themselves and innovate.


ORANGE Network Details

 

The ORANGE Network

The transition to the Orange Network introduces an innovative dual-token system designed to maximize network efficiency and bolster security. This model ensures that the ecosystem not only thrives in terms of performance but also remains secure and user-centric.


Dual-Token System

The Dual-Token System introduced by the Orange Network brings forth a host of new features and improvements, designed to enhance both the functionality and the user experience within the ecosystem:


Enhanced Security and Decentralized Governance

The Orange token will serve as the cornerstone for security measures and governance participation, empowering the community with a voice in the project's future direction. This ensures a secure network environment while fostering a decentralized ecosystem.


Efficient Transaction Processing and Lower Gas Fees

The JUICE token ($JUC) is tailored for handling transaction fees, ensuring that network operations are smooth and cost-effective. This specialization reduces the overall gas fees, mitigating one of the significant pain points in blockchain usability. Users benefit from faster transaction speeds and lower costs, making the Orange ecosystem more accessible and user-friendly.


Sustainable Ecosystem Growth and Incentivization

The dual-token system promotes a sustainable economic model by balancing network security, governance, and operational efficiency. Orange tokens facilitate strategic ecosystem growth through staking and governance participation, while JUICE tokens ($JUC) incentivize everyday transactions and interactions within the platform. This balance encourages both long-term investment in the ecosystem and active, daily use, driving forward the project's growth and value proposition.


Migration Details


  • The only official website for the migration www.rfox.com/migration
  • $RFOX to JUICE ($JUC) will be migrated at 1:1
  • $VFOX to JUICE ($JUC) will be migrated at 1:20 - The maximum supply of JUICE ($JUC) is 3,000,000,000 - The migration of $RFOX & $VFOX to JUICE ($JUC) will run for 12 months. - Once the migration ends there will no longer be support for the existing RFOX token.
  • Those who do not participate within the 12 months will forfeit their right to migrate.
  • Any JUICE ($JUC) not claimed during the migration will be allocated to the Orange Treasury


How To Migrate Your Tokens


We've streamlined the migration process for your convenience. Beginning June 1st, simply visit our official website, connect your wallet, and click the migration button. Once you give your approval, your $RFOX & $VFOX tokens will be seamlessly converted to JUICE tokens ($JUC).


Migration Timeline $RFOX & $VFOX to JUICE ($JUC)


Migration Start: June 1, 2024

Migration End: June 1, 2025


After the Migration

 

Rewards and Incentives (Staking Program Details)

The Staking Program’s goal is to onboard existing RFOX community members to the new Orange Network.


Staking JUICE ($JUC) to earn JUICE ($JUC)

The JUICE Pool is the simplest way to earn free tokens. Simply stake your JUICE ($JUC) to earn more JUICE ($JUC).

Staking will be done via a single-sided pool and JUICE ($JUC) is earned by staking the native gas token JUICE ($JUC).
Further and ongoing JUICE staking pools will be introduced in time.

Staking JUICE/AVAX LP for ORANGE tokens

Farming rewards are set aside for LP providers and will also produce 15 million tokens for LP providers through a JUICE/AVAX LP Farming pool. This will represent approximately 18% of the supply at the launch of the ORANGE token.


Staking VALT NFTs for ORANGE tokens

No need to migrate your VALT NFTs. They will serve the same purposes and be available across the existing marketplaces with the added benefit of staking rewards. We've streamlined the NFT staking process to ensure a smooth experience for VALT NFT holders.


As an ORANGE token holder, you will be able to stake your ORANGE token for additional rewards and participate in the governance of the Orange network.


Conclusion


This migration from the RFOX and VFOX tokens to the JUICE token ($JUC) on the Orange blockchain is a leap towards realizing our ambitious goals and marks the first phase of a Progressive Decentralization Plan. We believe the JUICE token ($JUC) will catalyze the next stage of ecosystem growth, bringing unprecedented value and opportunities to our community.


We're here to support you throughout this migration. For any questions, join the conversation in our Discord.


Thank you for your continued support and trust in us. Together, let's embark on the next evolution of the RFOX token to this new chapter with JUICE ($JUC).

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