ShapeShift is a non-custodial cryptocurrency trading service. They announced on July 15 that its existence as a traditional company is coming to an end. This would happen through the dissolution of its corporate structure and the decentralized autonomous organization (DAO) will maintain its services. The project governance happens through the recently airdropped tokens to ShapeShift users, claimed by the company to be the largest airdrop ever.
These FOX tokens will be the governance token of the ShapeShift protocol now and the team has tried to widely distribute the token to its 1 million users plus other DeFi protocols participants. The FOX token now has increased governance and control powers. They also announced that the entire project is open source in the coming future.
ShapeShift FOX Tokens
FOX has a maximum supply of 1,000,001,337 tokens or 1 billion tokens. 60% of the tokens were sent via airdrops to the community or reserved for it. Around 1.1 million addresses are eligible for the airdrop, which include 120,000 Gitcoin, Uniswap, SushiSwap, Yearn, Aave, Alchemix, 1inch, Curve, Balancer, 0x token, and THORChain addresses, apart from 1 million ShapeShift users.
ShapeShift Token Distribution Criteria
Instead of airdropping a fixed amount, ShapeShift specified multiple criteria and a points-based system for wide distribution and fair treatment, according to the level of participation. It’s based on the number of trades made on the platform, wallets registered with ShapeShift plus connected with the platform’s hardware wallet KeepKey, THORChain traders, etc. A detailed explanation clarifies everything here.
You are also eligible for airdrop if you held $1500 of the following on June 09.
Over 120,000 members of the following communities have inspired us. You are eligible for 200 FOX if you held more than $1,500 of the community’s and those tokens were not staked on June 9th: Gitcoin, Aave, Compound, Uniswap, SushiSwap, Yearn, Alchemix, Balancer, Curve, Maker, Badger DAO, 0x, 1inch.
How To Claim FOX Airdrop
- Visit ShapeShift website to claim FOX tokens.
2. Scroll down, either connect your wallet or enter ETH address to check airdrop eligibility.
3. Claim ShapeShift FOX tokens after paying for the transaction.