Update 23/JULY/2021:

Last week we gave you an update on our Metaverse ‘The VALT’, we explained the first quarter Callinova and gave you a sneak peek at some of the assets.

Here’s the summary of what you missed:

• SHOP sale before the 22nd of September (TBA)

• 25 SHOPS only in Genesis quarter

• Only available with RFOX Token

• Mega Moons bonus NFT for all purchasers of a SHOP in Callinova
  

Don’t worry if you missed last weeks’ article, as you can read it here. This week we will tell you more about the sale, and what’s in it for you as a purchaser and as a token holder of both RFOX and VFOX.

So, what is The VALT?

The VALT is a retail VR based metaverse. We combine an immersive retail experience with elements of gaming, social media, and digital events, all built on Virtual Reality and with Mobile users in mind. Welcome to the future of connectivity.

So, what am I buying in the SHOP sale?

That’s a very good question and we have received countless requests to provide more information as we lead up to the sale.

• The bid – You will have 72 hours to bid for the SHOP location you wish to secure. At the end of the 72-hour period, the highest bid for that SHOP will be declared the recipient

• What is the price of a SHOP? – It is an auction and will be awarded to the highest bidder. Bids start at 5K USD equivalent in RFOX (RFOX quantity determined on the starting day)

• How do I pay? – We accept (ERC20) RFOX bids ONLY for the auction. This is the only form of payment accepted and bids will be refunded when someone outbids you.

• What does a SHOP look like? – There will be a number of standard templates for your SHOP, and you will be able to customize features according to your tastes and needs. More info will be provided closer to the sale date.

• How many SHOPs are for sale? – The first sale will only be for the Callinova quarter and there will be a total of 25 shops for sale. The quarter consists of 25 SHOPs for sale to the public, 2 Marquee Brand SHOPs and 3 RFOX dedicated SHOPs.

• What do we get for being first to buy a SHOP? – Each SHOP owner will receive a Mega Moons NFT which will allow access to all standard events in The VALT for a period of 3 years.

• How long before the next quarter goes on sale? – We will be spacing the sales over a 3-month period and will end with the final sale which will be close to the official launch

What is in it for me as an RFOX Holder?

As an RFOX holder you will be able to bid for a SHOP in The VALT, but you will also receive many benefits without participating at all. These benefits include:

• RFOX burn – Oh, it burns. 10% of all RFOX collected from the sale will be burned and removed from circulation forever.

• RFOX staking – 15% of all RFOX collected from the sale will be allocated to people for staking and farming on the RFOX.finance site.

What is in it for me as a VFOX Holder?

VFOX holders receive rewards relating to events in The VALT. The first main reward is as follows:

• VFOX reward payment – 15% of all RFOX collected will be allocated to VFOX holders (date TBA)

Key Sale Points:

• 
  All SHOPs will be NFTs, and SHOP owners will have full ownership rights of the SHOP only. SHOP owners may choose to operate their SHOP or rent to someone else. (Full T&Cs to be provided before the sale)

• All sales for the genesis quarter will be in the native RFOX token

• There will be 2 Marquee shops and 3 RFOX shops in each quarter as well as central buildings that differ from quarter to quarter and house concerts, events, and more.

• A total of 25 Premium SHOPs will be available via auction in each quarter.

• Each Premium SHOP will include an NFT ‘proof-of-ownership’

• The Genesis Quarter known as Callinova which is ART themed will go on sale first and include Mega Moons NFT as an exclusive bonus

• Multiple SHOP templates to choose from and create in

• The auction will run for 72hours

To buy a SHOP, you will need to follow these 3 steps:

1. Set up your wallet

2. Get $RFOX

3. Subscribe to the RFOX Newsletter for updates

If you are new to the RFOX ecosystem or this is your first time hearing about The VALT, here are some must-read articles to bring you up to speed:

• Introducing RFOX VALT

• The VALT Landing Page

• The RFOX VALT – Weekly Blog No. 1

Want to win an early access pass for The VALT and be one of the first people to ever see it? Join our newsletter here and be the first to find out how to enter.

Callinova – Art Quarter (Genesis SHOPs)

Callinova is the first quarter to launch and will contain 25 SHOPs for sale to the public, via auction starting at 5K USD in RFOX Tokens.

In Summary

• SHOP sale before the 22nd of September (TBA)

• 25 SHOPS only in Genesis quarter

• Only available with RFOX (ERC20) Token

• Mega Moons bonus NFT for all purchasers of a SHOP in Callinova

• 15% of RFOX from the sale set aside for staking and farming

• 15% of RFOX set aside for VFOX holders (date of distribution TBA)

Coming up in The VALT

Over the next few weeks, we will start introducing you to the Lore, the Law and our first marquee client will be revealed along with a special NFT project that will play a pivotal role within The VALT.

Join the below channels to keep up to date on all ecosystem developments.