Introduction

Welcome to Arctic Fox, the second layer of the Snowy Owl protocol, a new algorithmic token pegged to $JOE on the Avalanche network.

Why was Arctic Fox created?

The Snowy Owl team felt the need to add a new layer to the old protocol and created Arctic Fox with the following objectives:

• Expand the life time of SnowyOwl

• Reward both old and new investors of the SnowyOwl/ArticFox protocols

• Create a new stable coin pegged to Joe

• Create a new ecosystem of tokens (Snowy owl/Arctic Fox)

$FOX is pegged to Trader Joe ($JOE) token via seigniorage and other mechanisms.

Arctic Fox will be launched via genesis pools on 12th March 2022.