What is ShapeShift (FOX)?
ShapeShift is a DEX aggregator (liquidity aggregator of numerous DEXs).
The platform has partnered with 0x and THORChain to integrate much more than 50 DEXs and all over one,000 trading pairs into a single interface. ShapeShift customers do not have to pay out commissions for their transactions.
In the long term, ShapeShift will integrate Osmosis, CowSwap and other DEX aggregators to boost the trading pairs readily available on the platform.
ShapeShift goods
ShapeShift platform
The ShapeShift platform is a liquidity aggregator of numerous DEXs. Users can use the following options on this platform:
- Token exchange
- Aim for revenue
Coincap
Coincap is an application that enables customers to track facts linked to cryptocurrencies this kind of as rate, capitalization, trading volume. In addition to the over performance, Coincap is also integrated with the ShapeShift platform to let customers to exchange tokens.
KeepKey
KeepKey is a cold wallet solution that merchants crypto assets, with exceptional options this kind of as:
- Generate and handle personal keys offline in cold wallets, protected from safety holes and viruses, and use the software package wallet for safe transactions.
- Each gadget generates twelve recovery keys all through initialization that can be employed to recover the user’s personal crucial.
- The massive display sharpens each digital asset sent and acquired on the user’s gadget. Each transaction should be accepted manually through the verify button, which enables the manage and visibility of the transactions.
- Quickly exchange cryptocurrencies through the integrated ShapeShift app right from the user’s wallet.
ShapeShift’s governance model
ShapeShift’s governance model is managed by way of ShapeShift DAO.
ShapeShift DAO is a decentralized neighborhood of FOX token holders. The DAO is accountable for initiative choices relating to the platform’s reward packages, solution roadmaps, and much more. The neighborhood coordinates and communicates its initiatives by way of the public Discord channel, which has about 9,000 subscribers.
Organizational framework of ShapeShift DAO
The ShapeShift DAO organization is presently divided into 9 separate workflows to handle diverse elements of the task, which includes: Product, Moderation, Security, Engineering, Support, Tokenomics, Operations, Marketing, Growth and FOXChain. However, this organizational framework can fluctuate by neighborhood.
ShapeShift’s assistance structures contain SafeSnap, SnapShot, Gnosis Safe, and Colony.
- SafeSnap enables neighborhood members to make numerous transactions in a single proposal.
- SnapShot is a voting facility for neighborhood submissions.
- Gnosis Safe refers to the ShapeShift DAO Treasure, which is activated when the SafeSnap proposal is accepted.
- Colony enables for its personal treasury management workflows and autonomous allocation of money after the neighborhood has voted on the spending budget.
ShapeShift rivals
In the DEX Aggregator array
In the discipline of DEX aggregator, ShapeShift has numerous rivals, normally oneInch and ParaSwap, two DEX Aggregator platforms with the highest trading volume, quantity of customers and quantity of transactions.
In the discipline of asset management
In the discipline of wealth management, in contrast to rivals this kind of as Metamask, Trust Wallet, ShapeShift delivers customers much more handy options.
Basic facts about the FOX token
- Token title: Shapeshifter
- Ticker: FOX
- Blockchain: Ethereum
- Token conventional: ERC-twenty
- To contract: 0xc770eefad204b5180df6a14ee197d99d808ee52d
- Token form: Government
- Total provide: one.000.001.337 FOX
- Circulating provide: 415.362.810 FOX
Token allocation
Updating
What is the FOX token for?
FOX is the governance token for ShapeShift DAO. Token holders can participate in voting on proposals relating to the operation and treasury of the DAO.
FOX Token Storage Wallet
FOX is an ERC20 token, so you will have quite a few wallet solutions to retailer this token. You can select from the following wallets:
- Floor wallet
- Popular ETH wallets: Metamask, Myetherwallet, Mycrypto, Coin98 Wallet
- Cool wallets: Ledger, Trezor
How to earn and personal FOX tokens
Buy right on a assistance bag.
FOX token staking on the ShapeShift platform for revenue.
Where to purchase and promote FOX tokens?
Currently, FOX is trading on quite a few diverse exchanges with a complete day-to-day trading volume of all over $ 148,000. Exchanges listing this token contain: UniSwap, HoneySwap, SushiSwap, Coinbase Exchange, CoinEx, MEXC Global, Huobi Global, Gate.io, …
summary
ShapeShift is a platform that aggregates liquidity from numerous sources by offering customers entry to virtually one thousand diverse trading pairs. In addition, the platform also delivers customers with a non-custodial cryptographic asset management instrument.
Through this report, you should have by some means grasped the fundamental facts about the task to make your investment choices. Coinlive is not accountable for any of your investment choices. I want you accomplishment and earn a whole lot from this possible industry.
