Just days after GameFi memecoin $GFOX surpassed the $100K level, the Galaxy Fox ($GFOX) foundation announced its presale revenue has doubled, already clearing the $200K hurdle and closing in fast on their first million.
With investor confidence quickly growing in Galaxy Gox ($GFOX) – this new memecoin hybrid with GameFi utility, $GFOX appears to have captured a market niche that has investors very excited. This has had many participants excited about the prospects of its ranking among the top memecoins by the time of its launch on retail exchanges in 2024.
So, what is it about this project that has investors so confident? Let’s take a look at $GFOX’s utility and tokenomics to see what it is all about.
Micro-Cap Memecoin with Big Utility
Market investors know that low-cap memecoins could have profit potential. Early investors in Dogecoin and Shiba Inu made global headlines as overnight crypto millionaires were minted with just tiny investments. As the market caps of these coins grew, however, returns began to diminish until the bear market set in and crushed these coins by deflating over 90% of their value. Developers and communities have since struggled to maintain their relevance by adding utility and better tokenomics, reducing supply by burning millions of coins, but with little result in terms of price action.
In the meantime, newer projects like $PEPE and $BOINK emerged, cashing in on memecoin hype with similarly staggering gains – but with even less utility, security, or staying power in terms of development and community.
Galaxy Fox, meanwhile, set out to correct the course of memecoins by offering a project with built-in utility, aligning itself with the quickly expanding global Web3 GameFi market, and building a system of solid tokenomics to ensure steady, long-term adoption. This system includes deflationary economics, staking, player rewards, and a reasonable circulating supply with a clear cap on the number of tokens so as not to dilute their value.
Combined with a fun marketing campaign of inter-galactic Fox avatars to play up its memecoin side, Galaxy Fox has managed to emerge as an interesting ICO investment in 2023.
P2E Meets the Stargate Module
$GFOX is a P2E token at the heart of the entire ecosystem, and holders can stake their tokens for residual income in the Stargate module. Unique to Galaxy Fox is that instead of paying out inflationary token emissions to stakers, taxation funds these rewards. The Stargate module collects 2% of every transaction and pays them directly to stakers.
The presale of this new ICO crypto is particularly noteworthy. Structured across 10 stages, it gives early investors substantial opportunities. The initial stage price is set at $0.00066, with the potential to realize a 5.5x return on investment by the launch.
Conclusion
News that $GFOX already surpassed the $200K valuation goal well ahead of schedule isn’t surprising to those paying attention to the market – and a million-dollar valuation is something that its investors are now looking forward to.
As the industry gears up for a new bull market, projects like Galaxy Fox that deliver on a need in niche markets are being scooped up fast by investors while still in the accumulation stage. Once the 2024 bull market is set loose, it will likely get even more interesting. If interested, users can check out the $GFOX presale and find more about the project form its official website.
Learn more about Galaxy Fox ($GFOX) here:
Visit Galaxy Fox Presale | Join The Telegram Group | Follow Galaxy Fox on Twitter
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