Galaxy Fox memecoin soars as it prepares for web3 game launch

Galaxy Fox (GFOX), a recently launched meme coin, has raised over $6 million in pre-sales and is seeing a 22% price increase ahead of the launch of its web3 game.

New memecoin Galaxy Fox (GFOX) launched on Uniswap and DEX tools last month after a cryptocurrency pre-sale in which they raised more than $6 million. Now, the team behind the project is preparing for the next steps, mainly the release of their highly anticipated web3 endless running game.

While memecoins have often been criticized for lacking real utility, Galaxy Fox aims to break that mold by incorporating an engaging gaming experience based on blockchain technology. This approach could potentially breathe new life into the meme coin space and pave the way for future meme tokens to offer genuine use cases beyond mere speculation.

How does Galaxy Fox web3 runner game work?

At its core, Galaxy Fox presents a web3 endless running game that elevates traditional gaming experiences. In this game, players can earn GFOX tokens based on their performance in the game.

The top 20% of players each season will receive rewards that can be redeemed for GFOX tokens, creating an attractive incentive structure that rewards the most skilled and committed participants.

The game also incorporates unique nft assets that players can purchase. These nfts provide temporary attribute upgrades, add a strategic element to the gaming experience, and create a tangible avenue for potential financial rewards.

According to the gameplay trailer the Galaxy Fox team released last month, players will operate warplanes, rack up points, and fight enemies. The goal is to accumulate enough points to secure a position on the leaderboard, which will then provide rewards based on the player's rank. The long-awaited game is scheduled for release on May 11.

Bet Feature and Incentives

To further incentivize participation and foster a strong ecosystem, Galaxy Fox offers a staking feature with attractive rewards.

During the first 30 days after launch, the project will offer a special offer with the following annual percentage yields (APY):

30 day lockout / 15% APY / (0 Min) / Early withdrawal penalty 15%

60 day lockout / 20% APY / (25,000 Min) / Early withdrawal penalty 15%

120 days lock / 35% APY / (50,000 Min) / Early withdrawal penalty 15%

360 days lock / 60% APY / (100,000 Min) / Early withdrawal penalty 15%

After the initial 30-day period, staking APYs will adjust to the following rates:

30 day lockout / 7.5% APY / (0 Min) / Early withdrawal penalty 15%

60 day lockout / 10% APY / (25,000 Min) / Early withdrawal penalty 15%

120 days lock / 17.5% APY / (50,000 min) / Early withdrawal penalty 15%

360 days lock / 30% APY / (100,000 Min) / Early withdrawal penalty 15%

These staking rewards provide an attractive proposition for long-term holders, potentially driving sustained demand and fostering a more stable token ecosystem.

Galaxy Fox memecoin price prediction

The price of GFOX has increased by 22% in the last 24 hours, making it one of the best performing meme coins on the market. According to Dextools data, the current market cap is $1.45 million, and the price of GFOX is around $0.0013. The fund's total liquidity is just under $600,000, which is a decent figure for a small-cap gem like this.

It is worth noting that GFOX's trading price was $0.004, significantly higher than current levels. However, this discrepancy can be attributed to the selling pressure exerted by early pre-sale investors who chose to lock in profits upon the coin's release.

While the initial token distribution event (TGE) allocated 25% of the supply to these investors, this was enough to put significant downward pressure on the price in the first few weeks.

After this initial volatility, GFOX price consolidated and has now started to rise again, as mentioned, up 22% in the last 24 hours. If the web3 game launch proves as successful as the initial coin launch, the GFOX token could potentially revisit its launch price level of $0.004, representing a potential upside of over 2.5x over current levels.

On the contrary, the $0.001 level should now act as a support zone, as this is where new buyers started accumulating the coin during the consolidation phase.

Conclusion

The Galaxy Fox project has attracted significant attention within the crypto community, thanks to its unique approach to combining meme coin culture with a genuine web3 gaming experience. The launch of the much-anticipated endless runner game on May 11 could serve as a catalyst for further price appreciation, especially considering the attractive staking rewards on offer.

All in all, Galaxy Fox's value proposition presents an intriguing opportunity for those seeking exposure to the burgeoning intersection of meme coins and web3 gaming.

For more information about GFOX, visit the Galaxy Fox pre-sale, or Join the community.