Fox INU project introduced its trending ERC-20 token, FOX. This Defi project enables customers to add liquidity and swap coins. It also allows staking in various decentralized exchanges. The company is also working on FOX SWAP Exchange and Staking App. It plans to launch the latter after the Airdrop ends.
FOX INU Coin (with ticker – FOX) will offer its holders various advantages, including enabling them to participate in the platform’s governance and make decisions about the project’s future development. This wealth-growing fintech platform will entice clients with its simplicity. It focuses on providing an exceptional user experience. The team designed a modern, easy-to-navigate interface with great features.
According to the company, Fox INU’s customers will be able to grow their wealth by using a combination of Defi and traditional investment solutions on the AI platform. They can use their funds for daily transactions. In addition, users will be able to stake FOX INU soon and earn more money thanks to this token. The platform will burn the tokens at some stage, and token holders will benefit from the buyback. They will also get a share of the company’s overall profits.
The team also noted that the platform would offer reduced fees to token holders, along with a chance to vote on the governance of the platform. Investors will have to join the Airdrop to acquire these tokens, though. That involves registering an ETH address and holding the FOX coins in one of the liquidity Forms the company set up.
Staking is the process of keeping funds in a crypto wallet. That helps the underlying proof-of-stake blockchain network operate more securely and efficiently. Moreover, a stake typically represents a voting right in a particular project. Users earn this right after purchasing the minimum amount of tokens.
However, the more coins user holds in a staking pool, the more voting rights they obtain. As holding the tokens helps the underlying proof-of-stake network operate much better, the companies pay rewards to incentivize customers to stake their tokens.
Compared to traditional passive investments, staking tokens is much more profitable. This process actually resembles certain passive-income instruments found in traditional finance, like preference shares or bonds. However, they are very different fundamentally.
The company launched its ICO sale on October 5, 2022. It will end on April 30, 2023. The total supply of FOX tokens is 1,200,000,000,000, but only some percentage will be available at this stage. The company will trade 1 FOX for $0.001 during the initial coin offering.