Shapeshift to Dissolve Corporate Model, Platform Airdrops FOX Tokens to Commu...
Founded on July 1, 2014, Shapeshift has been offering global trading of a variety of digital assets for seven years. Following the company’s recent anniversary, it announced Shapeshift is evolving into a community-owned decentralized platform. Shapeshift founder Erik Voorhees explained in a blog post that the firm airdropped FOX tokens to over a million customers in order to “facilitate decentralized governance.” Shapeshift Is Shifting Shapeshift is changing, according to a recent blog post from its founder, and the company’s announcement about an airdrop of the....
Related News
“It has become clear that open, immutable finance requires open, immutable organizations,” said Erik Voorhees, founder and CEO of ShapeShift. ShapeShift, a leading non-custodial cryptocurrency exchange, is planning to open-source its platform and dissolve its entire corporate structure — an unprecedented move that underscores the company’s commitment to decentralization. Largest airdrop in historyAs part of its decentralization pledge, ShapeShift plans to airdrop 340 million FOX tokens to over one million users who traded $1 or more of Ether (ETH) or any ERC-20 token through the platform....
The entity will be dissolved upon the completion of ShapeShift’s decentralization process. On Wednesday, ShapeShift — a Swiss decentralized autonomous organization (DAO) hosting a cryptocurrency trading ecosystem — announced that its centralized corporate brand, ShapeShift AG, has formed the FOX Foundation. The nonprofit organization's stated purpose is to oversee the decentralization of its namesake trading platform and assets.The FOX Foundation’s charter includes handling tasks such as paying bills in fiat currency, hosting servers, maintaining the platform’s centralized infrastructure....
Crypto airdrops are a marketing strategy used by startups to give tokens to existing cryptocurrency traders for free or in exchange for minimal promotional work. For most crypto investors, there is nothing more important than making a return on their investment. Thanks to the volatility, this can be done quickly or it can be a hugely difficult task. That's why crypto airdrops are an inexpensive way to make additional returns on your portfolio. After all, airdrop tokens are free and never hurt, right?Almost daily there are new crypto airdrops, with some easier to obtain than others. Not....
ShapeShift, the crypto-to-crypto digital currency exchange has announced the inclusion of two new crypto-assets on the platform. Users can now trade DGD and DAO on the platform. ShapeShift, the cryptocurrency exchange today announced that it is supporting DAO (Decentralized Autonomous Organization) and DGD (Digix DAO) tokens on its platform. With the inclusion of these two new crypto assets, the total digital currency offerings on ShapeShift now stands at 32. Started by Erik Voorhees, ShapeShift is one of the first crypto-to-crypto exchange that allows individuals and institutions to buy....
Toronto-based Bitcoin consultancy and software development company Decentral has announced the integration of its Jaxx line of blockchain wallets with digital currency exchange platform ShapeShift.io. The integration of ShapeShift with Jaxx wallets will enable users to convert between bitcoin, ether and DAO tokens directly within the Jaxx wallet. It will also support any tokens that Jaxx and ShapeShift integrate in the future. “Jaxx and ShapeShift together will, without doubt, be the easiest solution for buying ether with bitcoin (and vice versa) ‒ and it’s done right in your Jaxx wallet!”....