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A whale Solana (SOL) recently transferred 2 million SOL to Binance, which is usually associated with cash withdrawal. This transfer raised concerns about a possible liquidation.
Amid this, Galaxy Fox (GFOX) is perceived as a safer option. The play-to-earn (P2E) project works without venture capitalists. Early investors enter at the same stage as venture capital, becoming owners rather than providing exit liquidity.
Galaxy Fox: no venture capital, no inflation
Galaxy Fox is currently pre-selling. This project has gained attention in the GameFi space due to its web3 runner game.
Galaxy Fox's gameplay is reminiscent of the popular mobile game Temple Run, with a web3 twist that rewards the top 20% of players each season with prizes directly redeemable by GFOX.
This approach allows players to monetize their gaming skills and earn real money from the game.
Beyond the play-to-earn aspect, Galaxy Fox supports staking and has unique tokenomics that removes theoretical limits.
Unlike traditional staking protocols that rely on token issuances, which can dilute the value of tokens over time, Galaxy Fox uses purchase and sale taxes to fund staking rewards.
This approach ensures no token inflation, maintains long-term supply stability, and encourages bullish sentiment.
Additionally, staking rewards grow alongside the growth of the ecosystem, rewarding early adopters.
Galaxy Fox also has a post-launch token burning mechanism. This indirect value accumulation strategy allows new investors to participate and earn GFOX. At the same time, the protocol constantly reduces the total supply, fixing the value over time.
The lack of token inflation in Galaxy Fox benefits early adopters.
Lanyard to throw?
A whale has transferred almost 2 million SOL to Binance and appears to be preparing to cash out after SOL's recent rally.
This has drawn attention to a harsh reality that many investors are unaware of or choose to ignore.
All major altcoins have entities that hold absurd amounts of supply and have the power to stop any rally.
Solana had numerous initial investors, with FTX being a notable example.
FTX equity, on multiple occasions, dumped SOL, forcing prices to drop.
Final thoughts
Only accredited investors can access opportunities in the early stages of traditional finance, limiting financial gains to wealthy participants.
However, cryptocurrencies democratize finance and pre-sales exemplify equal access to the chain. Anyone can participate in a pre-sale and become an early adopter.
The status of the Galaxy Fox pre-sale, as it currently unfolds, may mark the last volatile cryptocurrency cycle before institutional adoption. Before the expected bull run, investors can explore the project.
Learn more about GFOX here:
Visit the Galaxy Fox pre-sale | Join the community
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