We are excited to announce an important milestone in our journey — the migration of $RFOX and $VFOX to JUICE ($JUC) a new token on a new blockchain Orange. This migration is a significant step towards achieving our vision and the first phase of our Progressive Decentralization Plan for our blockchain technology,
The RFOX and VFOX tokens are migrating to a new token JUICE ($JUC) to expand their vision to a new utility case. The JUICE token ($JUC) will replace the RFOX and VFOX tokens, transitioning to become the ecosystem gas token of the Orange Network.
The Orange Network and JUICE token ($JUC) broadens the tokens’ utility significantly, introduces new rewards and incentives for contributing to the growth of the ecosystem, and is the first phase of a longer-term progressive decentralization plan.
Our decision to migrate is fuelled by the desire to leverage the unique advantages of the Orange Network, aligning with our long-term goals:
Enhanced Rewards and Incentives: Orange introduces improved rewards and incentives with the migration to JUICE ($JUC).
Expanding utility case beyond the RFOX Ecosystem: A new name, a new horizon JUICE ($JUC) will replace both the RFOX and VFOX tokens, becoming the Orange ecosystem gas token.
Progressive Decentralization: A progressive decentralization plan is a philosophy as much as it is a strategy, reflecting a belief in the power of distributed networks and communities to govern themselves and innovate.
The transition to the Orange Network introduces an innovative dual-token system designed to maximize network efficiency and bolster security. This model ensures that the ecosystem not only thrives in terms of performance but also remains secure and user-centric.
The Dual-Token System introduced by the Orange Network brings forth a host of new features and improvements, designed to enhance both the functionality and the user experience within the ecosystem:
Enhanced Security and Decentralized Governance
The Orange token will serve as the cornerstone for security measures and governance participation, empowering the community with a voice in the project's future direction. This ensures a secure network environment while fostering a decentralized ecosystem.
Efficient Transaction Processing and Lower Gas Fees
The JUICE token ($JUC) is tailored for handling transaction fees, ensuring that network operations are smooth and cost-effective. This specialization reduces the overall gas fees, mitigating one of the significant pain points in blockchain usability. Users benefit from faster transaction speeds and lower costs, making the Orange ecosystem more accessible and user-friendly.
Sustainable Ecosystem Growth and Incentivization
The dual-token system promotes a sustainable economic model by balancing network security, governance, and operational efficiency. Orange tokens facilitate strategic ecosystem growth through staking and governance participation, while JUICE tokens ($JUC) incentivize everyday transactions and interactions within the platform. This balance encourages both long-term investment in the ecosystem and active, daily use, driving forward the project's growth and value proposition.
We've streamlined the migration process for your convenience. For those holding tokens on-chain, you'll simply need to visit our official website, connect your wallet, and click the migration button. Once you give your approval, your $RFOX & $VFOX tokens will be seamlessly converted to JUICE tokens ($JUC).
Migration Timeline:
Confirmation of support from the exchanges, and alignment on the migration start date, is key to ensuring a seamless transition for all token holders, both on-chain and those holding tokens on exchanges.
Support for the migration has been confirmed by the following exchanges. Please see their official announcements for full details on the migration timeline.
The Staking Program’s goal is to onboard existing RFOX community members to the new Orange Network.
Staking JUICE ($JUC) to earn ORANGE ($ORNG)
The JUICE Pool is the simplest way to earn. Simply stake your JUICE ($JUC) to earn ORANGE ($ORNG).
Staking will be done via a single-sided pool and ORANGE ($ORNG) is earned by staking the native gas token JUICE ($JUC).
Further and ongoing JUICE staking pools will be introduced in time.
Staking JUICE/AVAX LP for ORNG tokens
Farming rewards are set aside for LP providers and will also produce 32 million tokens for LP providers through a JUICE/AVAX LP Farming pool.
Staking VALT NFTs for ORANGE tokens
No need to migrate your VALT NFTs. They will serve the same purposes and be available across the existing marketplaces with the added benefit of staking rewards. We've streamlined the NFT staking process to ensure a smooth experience for VALT NFT holders.
As an ORANGE token holder, you will be able to stake your ORANGE token for additional rewards and participate in the governance of the Orange network.
This migration from the RFOX and VFOX tokens to the JUICE token ($JUC) on the Orange blockchain is a leap towards realizing our ambitious goals and marks the first phase of a Progressive Decentralization Plan. We believe the JUICE token ($JUC) will catalyze the next stage of ecosystem growth, bringing unprecedented value and opportunities to our community.
We're here to support you throughout this migration. For any questions, join the conversation in our Discord.
Thank you for your continued support and trust in us. Together, let's embark on the next evolution of the RFOX token to this new chapter with JUICE ($JUC).
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