Since 2015, ShapeShift has been pioneering the crypto world. In 2021, ShapeShift dissolved its centralized operations to fully become a DAO. This has enabled us to return protection and dignity to our users, ending KYC and other intrusive financial surveillance practices. Our vision is a world where people are empowered to manage their own financial futures, without sacrificing their privacy and control to financial regulation.
Founded by Bitcoin veteran Erik Voorhees, ShapeShift offers zero-commission crypto trading and self-custody of assets. app.shapeshift.com allows users to buy crypto with fiat, trade, track, and secure their crypto through a simple and beautiful web interface where users always stay in control of their keys.
ShapeShift gives you zero-commission crypto trading while leaving users in control of their private keys. We're the only crypto platform that offers this, and it's presented in a beautiful and easy web interface and mobile app that you'll love.
FOX is an ERC-20 token that serves as the governance token for the ShapeShift DAO. FOX Token holders can vote on proposals relating to the operation and treasury of the DAO. Coming soon is “FOXy” (short for FOX Yield) which is a rebasing token that is redeemable 1:1 with FOX tokens. FOXy is granted to any user who stakes their FOX in the FOXy Contract. When staking FOX tokens, the FOX tokens are swapped with FOXy. After that, the FOXy balance grows by an automatically compounded investment, earning yield.
The motivation for building FOXChain runs on a number of different paths, but primarily it serves as the long term decentralized backend for all node data the ShapeShift interface will ever need. FOXCHAIN will act as a service for any application requiring reliable access to a consistent interface to any of the supported blockchains, in order to increase dapp development velocity, reduce reliance on centralized data sources, remove single points of failure, and increase censorship-resistance. On top of this there are many additional benefits that can be built out once the ShapeShift DAO has its own sovereign blockchain, though that does not serve as the primary motivation at this phase.
Discover our suite of products and services below: ShapeShift Platform, KeepKey Hardware Wallet, CoinCap.io.
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