- The migration of RedFOX Labs (RFOX) tokens to JUICE (JUC) tokens has been announced and supported by Gate.io.
- This transition will be seamless for existing RFOX token holders on Gate.io, requiring no action on their part.
- Key dates and changes include suspension of services related to RFOX tokens and the issuance of additional JUC tokens for staking and liquidity provision.
Discover the seamless migration process from RedFOX Labs (RFOX) to JUICE (JUC) tokens, including key dates, tokenomics changes, and how Gate.io supports this transition.
Major Update: RedFOX Labs (RFOX) Migrates to JUICE (JUC)
RedFOX Labs (RFOX) is transitioning to a new token, JUICE (JUC), at a 1:1 ratio. Gate.io will facilitate this migration to ensure a seamless experience for users. This move marks a significant development in the crypto space, highlighting the evolving nature of blockchain projects and their continuous effort to innovate and provide better utility for their tokens. Gate.io has announced important dates and procedures to ensure that users holding RFOX tokens are well-prepared for this transition.
What is JUICE (JUC)
JUICE (JUC) is the new token that will replace RedFOX Labs (RFOX) in their ecosystem. The migration has been structured to maintain a 1:1 ratio, ensuring that users don’t lose value during the swap. This new token will leverage enhanced features and better support staking and liquidity provisioning in the blockchain ecosystem.
Token Economics of JUICE (JUC)
- Token Name: JUICE
- Token Symbol: JUC
- Max Supply: To be determined, with an additional issuance of 580M JUC for staking and liquidity provision.
- Token Type: AVAX-based token
How to Buy JUICE (JUC)
- Begin by creating an account on our recommended exchange platform.
- Deposit an appropriate cryptocurrency (USDT) or fiat currency (Dollar, GBP, EURO).
- Search for the JUICE (JUC)/USDT trading pair and place your purchase order.
- Once your order gets executed, safeguard your JUICE (JUC) in your digital wallet.
Critical Dates and User Instructions
Users must be aware of the specified dates to adapt their strategies and manage their assets appropriately. By July 10, 2024, 03:00 A.M. UTC, Gate.io will terminate margin borrowing and crypto loans for RFOX tokens. Following this, on July 11, 2024, at the same time, all trading activities for RFOX—which include spot trading, quant grid trading, Simple Earn, margin trading, and liquidity mining—will be suspended.
Users engaged in ongoing RFOX quant grid trading should plan to conclude their activities before July 11, 2024, 03:00 A.M. UTC to prevent automatic termination. Similarly, those utilizing Simple Earn or margin trading need to redeem or repay their assets in advance. Any liquidity provision in the RFOX pool must also be withdrawn before the said date to ensure smooth transition and avoid potential liquidation or redemption processes executed by Gate.io.
Conclusion
The migration from RFOX to JUC marks an essential upgrade for RedFOX Labs, promising new opportunities through improved tokenomics and liquidity mechanisms. With Gate.io’s support, users can transition seamlessly, ensuring their assets remain intact while exploring the potential benefits of the new JUICE token. Stay updated with Gate.io for further announcements regarding the listing and trading of JUICE (JUC).
