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In mid-2020, major financial institutions started investing in Bitcoin (BTC), previously considered a joke. This shift is significant for existing investors as it indicates a substantial influx of funds beyond what individual retail investors contribute.
While Bitcoin remains a preferred choice for institutional investors, some are exploring other facets, such as NFTs and the metaverse. This has led to active investments in projects like Axie Infinity (AXS), Gala (GALA), and Enjin Coin (ENJ).
The question arises as to whether these investments offer more potential than Galaxy Fox (GFOX).
Can institutions consider GFOX?
Galaxy Fox combines NFTs with the potential of the metaverse. It is a play-to-earn (P2E) platform and an ecosystem that aims to engage and reward its members.
The main attraction of Galaxy Fox is its web3 game, which offers generous rewards to players who demonstrate skill. According to the game’s rules, the top 20% of players each season receive significant incentives from a pool funded by in-game purchases. This approach encourages engagement and fosters a competitive yet cooperative community.
In addition to its gaming features, GFOX is also known for its advanced staking system. The project levies a 6% transaction fee, which is distributed to the treasury, liquidity pool, and Stargate staking pool. Here, 2% of transaction fees are collected, rewarding those who stake.
Galaxy Fox has a total supply of 5 billion GFOX, most of which will be available for public sale.
The rest will be allocated to liquidity, ecosystem development, and rewards. Galaxy Fox will also intentionally burn some of its public tokens after launch. Token burning gradually reduces supply and may support token prices.
The NFT collection is an integral part of the Galaxy Fox ecosystem. In the days ahead, 3,000 fox-themed NFTs will be released. These NFTs are essential to the game and will give players a competitive advantage.
Galaxy Fox’s presale is attracting fresh investments. Its pricing model, which increases over ten stages, is attracting new supporters.
GFOX overcome Axie Infinity, Gala, and Enjin Coin?
Axie Infinity, Gala Games, and Enjin Coin are popular altcoins known for their features.
Axie Infinity has high entry costs and relies heavily on new players. Meanwhile, Gala Games has scalability issues, and Enjin Coin struggles with market saturation and adoption hurdles.
Galaxy Fox aims to offer an accessible entry point and a diverse ecosystem that includes staking and an NFT collection.
These features attract institutional investors who prefer stable, scalable, and broad-based investment opportunities in the crypto and NFT markets.
The ongoing presale of Galaxy Fox is gaining traction, drawing interest from retail and institutional investors.
Learn more about GFOX here:
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