Galaxy Fox memecoin soars as it gears up for web3 game launch 

Galaxy Fox (GFOX), a newly launched meme coin, has raised over $6 million in presale and is seeing a 22% price surge ahead of its web3 game launch.

The new memecoin Galaxy Fox (GFOX) launched on Uniswap and DEXtools last month after a crypto presale where they raised over $6 million. Now, the team behind the project is preparing for the next steps, mainly the launch of their highly anticipated web3 endless runner game.

While memecoins have often been criticized as lacking real utility, Galaxy Fox aims to break that mold by incorporating an engaging gaming experience built 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’s web3 runner game work?

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

The top 20% of players each season will receive rewards that they can exchange for GFOX tokens, creating a compelling incentive structure that rewards the most skilled and engaged participants.

The game also incorporates unique NFT assets that players can purchase. These NFTs provide temporary attribute boosts, adding a strategic element to the gaming experience and creating a tangible avenue for potential financial rewards.

Based on the game trailer the Galaxy Fox team posted last month, players will operate war aircraft, collecting points and battling enemies. The objective is to accumulate enough points to secure a position on the leaderboard, which will then provide rewards based on the player’s rank. The highly anticipated game is slated for launch on May 11th.

Staking feature and incentives

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

For the first 30 days following the launch, the project will provide a special offer with the following Annual Percentage Yields (APYs):

30 lock days / 15% APY / (0 Min) / Early Withdrawal Penalty 15%

60 lock days / 20% APY / (25,000 Min) / Early Withdrawal Penalty 15%

120 lock days / 35% APY / (50,000 Min) / Early Withdrawal Penalty 15%

360 lock days / 60% APY / (100,000 Min) / Early Withdrawal Penalty 15%

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

30 lock days / 7.5% APY / (0 Min) / Early Withdrawal Penalty 15%

60 lock days / 10% APY / (25,000 Min) / Early Withdrawal Penalty 15%

120 lock days / 17.5% APY / (50,000 Min) / Early Withdrawal Penalty 15%

360 lock days / 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 GFOX price has surged 22% in the last 24 hours, making it one of the best-performing meme coins in the market. According to Dextools data, the current market cap stands at $1.45 million, with the GFOX price hovering around $0.0013. The total liquidity in the pool is just below $600,000, which is a decent figure for a low-cap gem like this.

It’s worth noting that the GFOX listing price was $0.004, significantly higher than the current levels. However, this discrepancy can be attributed to the selling pressure exerted by early presale investors who chose to lock in profits upon the coin’s launch. 

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

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

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

Conclusion 

Galaxy Fox project has garnered 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 highly 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.

To learn more about GFOX, visit the Galaxy Fox presale, or join the community.