What is FOX Token?
Fox Token is an ERC-20 Token created by Shapeshift.com
ShapeShift is a popular centralized cryptocurrency exchange back when decentralized exchanges like Uniswap and PancakeSwap isn’t still a thing.
Using ShapeShift, you could simply log-in and exchange your cryptos to various coins and tokens that are supported by the platform.
The only problem with ShapeShift back then was their hefty exchange fees.
So the solution? Create a token that can be used to reward anybody who trades on their platform and at the same time reduce their exchange fees. This was on 2019 and fast forward to 2021, the company decided to become totally decentralized.
The catalyst for this decentralization would be their own FOX token.
Decentralization would mean that holding FOX token would give you the power to partake in what the company’s future would be. Making it pure autonomous and not fully controlled by single entity. Not only that, you could also lessen your trading fees within the Shapeshift, gain rebates per trade and best of all, trade it to any crypto you want via UNISWAP.
In line with this move, ShapeShift decided to give out FOX tokens to over 1 million addresses.
These address includes any account that is registered in ShapeShift prior to the airdrop, any Gitcoin, Uniswap, SushiSwap, Yearn, Aave, Alchemix, 1inch, Curve, Balancer, 0x , and most of the THORChain token holders.
This massive airdrop would make the ShapeShift’s FOX Token one of the most widely distributed tokens in history.
How to claim
To know if your Ethereum Address is eligible for the FOX Token airdrop; simply head into the link below and input your address.
Hurry up! Claiming these tokens will only last until Oct 23, 2021.
