RFOX VALT is a metaverse that offers immersive retail and entertainment experiences through virtual reality. It is the ideal platform that empowers brands to engage their customers through immersive, personalized experiences. And soon, you can take part in this metaverse, by buying one of the premium SHOPs through an upcoming auction.

RFOX VALT SHOP Breakdown Per Quarter

The RFOX VALT will feature four quarters, each with the following assets: 

• 25 premium SHOPs for auction

• 2 Marquee SHOPs which are not for auction

• 3 RFOX SHOPs which are not for auction

• Other central buildings that differ from quarter to quarter for housing concerts, events and more. 

There are 30 SHOPs per quarter, or 120 SHOPs in total within the RFOX VALT.

How the SHOP Auction Works

RFOX VALT is auctioning off 25 SHOPs at the gaming-inspired Arkamoto quarter through the Ethereum network. To join this auction, you will need ETH tokens stored in an Ethereum wallet that you’ll use to connect to the auction. 

You’ll also need to be aware of the following terms and conditions for the auction: 

1. The auction for the SHOPs at the Arkamoto quarter will start on December 9, 2021, at 12:00 PM GMT+8, and will last for 48 hours. 

2. Each auction for available SHOPs will launch at a 30-minute interval. This means that by December 10, 2021, at 12:00 AM GMT+8, all auctions will be active. 

3. Each shop auction will start at 1 ETH. 

4. Only ETH tokens on the Ethereum blockchain can be used for the auction. If you hold ETH tokens on other blockchains, bridge them to the Ethereum blockchain to join the auction. 

Now that you’re aware of the rules, let’s get started with the steps. 

How to Place a Bid on the RFOX VALT SHOPs

A SHOP auction page will go live on rfoxvalt.com on December 9, 2021 12:00 PM GMT+8.

Once the SHOP auction goes live, follow these easy steps:

Connect Your Ethereum Wallet

Transactions on the Ethereum network, including SHOP bids, require a gas fee paid in ETH token. Before placing a bid, ensure your wallet has enough ETH to cover any gas fees, aside from the ETH that you will use for the actual bid.

Click or tap the ‘CONNECT WALLET’ in the top-right corner of the auction site

Select the Wallet Containing Your ETH

Tip: Always check if you are using an official wallet. Beware of phishing scams. The RFOX team and our community ambassadors will never ask for your private keys or seed phrases.

We’ll use the MetaMask wallet for this example. 

MetaMask may present you with a popup window asking you to confirm connection to the Ethereum Mainnet (as opposed to test networks, for example).

Once linked, the ‘CONNECT WALLET’ button will update to display the beginning and end of your Ethereum address.

Choose Your RFOX VALT SHOP 

On the auction website, once you scroll past the introduction, you’ll see a map of where the SHOPs are in the quarter, particularly those that are open for bidding. When you click on a location in the map, you can see the current bids for each SHOP. You can click on 'PLACE A BID' if you like a particular shop that you selected from the map. Make sure that the SHOP is still open for bidding.

Scroll past this, and you’ll see the list of all the SHOPs offered in the auction. You can sort this list based on SHOP number, lowest price, highest price, or even the SHOP design.

Place Your Bid

Each SHOP available for auction is represented by a card displaying its location within the RFOX VALT, along with the current bid price.

• Click or tap the ‘PLACE A BID’ button for the SHOP you’d like to bid on

• Within the popup window, enter the RFOX amount into the ‘YOUR BID’ field. Your bid needs to be at least 3% higher than the previous bid.

• Click or tap the ‘PLACE A BID’ button.

• Confirm the bid amount and gas fee within the MetaMask popup window.

All bids are locked into an audited smart contract. If you are outbid at any point during an auction, your locked ETH will automatically return to your Ethereum wallet. Keep in mind that with each bid, you will pay a gas fee in ETH.

When Do I Receive My Shop NFT?

Once the auction is finished, the successful person holding the final bid for a SHOP will be awarded the SHOP NFT immediately.

Here's how you can claim your new SHOP:

1. Go to the RFOX VALT SHOP auction website and connect your wallet.

2. Once connected, scroll down to the list of SHOPs. You'll see a 'CLAIM' button on the listing of the SHOP you just won in the auction. Click that 'CLAIM' button.

3. The website then leads you to a page where you'll see the details of your winning bid. Click the 'CLAIM' button to see your new SHOP NFT in your wallet. Congratulations!

Once you have claimed your SHOP, you can go to My Account page of the auction website to check your virtual land.

The SHOP auction will be live on December 9, 2021 12:00 PM GMT +8.

Best of luck and happy bidding! Go to rfoxvalt.com to learn more.

Beware of fake websites. Always check you are using the official website: rfoxvalt.com.