ShapeShift, a popular cryptocurrency exchange, is running an airdrop that will see it distribute tokens and governance rights to its userbase.
ShapeShift Runs FOX Airdrop
“To align with the ethos of decentralized finance, [we have] begun dissolving our corporate structure, evolving into a community-owned and governed crypto platform,” ShapeShift wrote in a statement.
ShapeShift claims that its airdrop is the largest in history, as FOX tokens will be dropped to more than one million addresses. 60% of the token supply has been allocated to ShapeShift users.
Additional tokens have been allocated to users of other DeFi platforms, including those who hold tokens for Gitcoin, Uniswap, SushiSwap, Yearn, Aave, Alchemix, 1inch, Curve, Balancer, and 0x. KeepKey wallet users are also eligible for the airdrop.
Crypto investors can connect their wallet on this web page to find out if they are eligible for ShapeShift’s airdrop.
Airdrop Is Part of DeFi Transition
The FOX token will serve several purposes. In addition to holding value, FOX will allow holders to participate in exchange governance, profit from liquidity mining, and save on trading fees.
ShapeShift has historically been criticized for adding KYC and identity requirements to its exchange in recent years. The FOX airdrop is part of its transition to DeFi, which will remove those limitations by creating an decentralized exchange.
According to CoinMarketCap, FOX is priced at $0.51 as of July 14. It has a fully diluted market cap of $504.7 million.
Disclaimer: At the time of writing this author held less than $75 of Bitcoin, Ethereum, and altcoins.
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
See full terms and conditions.
Source: Read Full Article