RFOX is a Southeast Asia-based blockchain and digital venture builder that promotes the mass adoption of crypto and blockchain technologies. It has built an ecosystem of ventures, including RFOX GAMES, RFOX MEDIA, RFOX Finance, and an NFT platform. RFOX Finance offers various financial products, including crypto-based farming, staking, loans, and insurance. RFOX is non-Shariah compliant due to its involvement in loans and insurance activities.
| Category | Details | Status |
|---|---|---|
| Legitimacy | RFOX is a blockchain and digital venture builder based in Southeast Asia that was founded in 2018 to promote the mass adoption of crypto and blockchain technologies. It is not regulated by any countries or regulatory bodies and has a clear roadmap and genuine product on the blockchain. The token/coin has a fundamental underlying value that allows it to be categorized as "Mal". | Passed |
| Project | RFOX has built an ecosystem of ventures across various industries with unique selling propositions that contribute to enhancing the RFOX VALT. These ventures include RFOX GAMES, RFOX MEDIA, RFOX Finance, and an NFT platform. RFOX Finance provides financial products, including crypto-based farming, staking, loans, and insurance. RFOX also offers a blockchain-agnostic, whitelabel, end-to-end NFT solution. However, due to RFOX's involvement in loans and insurance activities, it is considered non-Shariah compliant. | Failed |
| Financials | The token is not backed by any equity, thus there is no financial screening on this token. | Passed |
| Token | The RFOX token is a form of payment and utility that powers the RFOX VALT and the entire RFOX Ecosystem. It is used for trading fees, liquidity pools, transactions, digital economy formation, and the creation of NFTs. RFOX is an ERC-20 token that can be purchased and used by participants in the metaverse. Its use cases include bidding on and customizing SHOPs, earning RFOX from sales and rental fees, compensation for Quartermasters, and earning RFOX from NFT sales as Creators. | Passed |
| Staking Method | The RFOX platform offers a staking pool where users can stake their RFOX tokens and earn VFOX rewards. | Passed |
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