The ShapeShift cryptocurrency exchange completely decentralizes governance via native FOX token

ShapeShift, the popular non-custodial cryptocurrency platform, announced today it has begun to dismantle its corporate structure and decentralize governance to its users via its FOX token.

In a multi-step process (start with the airdrop), ShapeShift is dissolving all corporate structures.

Next, ShapeShift will open-source its entire code base and technology; while you instill the FOX token with governance rights in so that airdrop recipients can begin govern the organization.

Enabling this decentralized governance has been the largest cryptocurrency token airdrop in history; 340 million token FOX were granted to over one millions of recipients.

For the airdrop, the FOX token was distributed widely to over a million current is past ShapeShift users, KeepKey hardware wallet owners and users of other DeFi protocols.

The official FOX token the contract address can be found below: 0xc770eefad204b5180df6a14ee197d99d808ee52d

“It has become clear that open and immutable finance requires open and immutable organizations. Inspired by the broader DeFi community, good now help pioneer a new model of economic coordination for on 21 century. No corporate entities, no banks and no borders. The tools they are ready. Our customers and the broader cryptocurrency community; they are now the main stakeholders of a decentralized, open-source digital asset platform for the world. ”
– Erik Voorhees, founder and CEO of Shift

Decentralized ShapeShift ecosystem

Like ShapeShift current organization open-source and decentralized; all FOX token holders will have the ability direct the future of the platform by voting on and submit proposals.

Note, 48 hours after today’s airdrop – liquidity mining for the Fox token will be enabled.

ShapeShift is one of the longest-running crypto exchanges. Before this year, the integrated platform new decentralized exchange (DEX) technology. Today is remains one of the only places to offer native Bitcoin and Ethereum to be discarded assets with no counterparty or intermediary anymore no added taxes.

More in- in-depth details of airdrop and decentralization can be found in a post released by ShapeShift.

Read More About Crypto News here!


Leave a Reply