$0.043
-12.84%
$0.043
24h Range
$0.049
Market Cap
$16,329,119.1
Fully Diluted Valuation
$43,295,666.8
24 Hour Trading Vol
$1,026,891.1
Circulating Supply
377,154,162.0
Total Supply
1,000,001,337.0
Max Supply
∞
Shapeshift FOX Token Price
$0.043
24h Range
$0.043 - $0.049
Percent Change 1h
0.61%
Percent Change 24h
-12.84%
Percent Change 7d
-20.95%
All-time high
$1.65
All-time low
$0.000849
1D
7D
1M
1Y
All
The Shapeshift FOX Token (FOX) is a cryptocurrency that serves as the native utility token of the Shapeshift platform, which is designed for seamless cryptocurrency trading and portfolio management. Launched in 2020, FOX aims to empower users by providing them with governance rights, incentivizing participation in the Shapeshift ecosystem, and enabling holders to engage with various decentralized finance (DeFi) services. The token is built on the Ethereum blockchain, adhering to the ERC-20 standard, which allows for interoperability with other Ethereum-based applications.
Shapeshift was founded by Erik Voorhees, a well-known figure in the cryptocurrency space, who has been involved with Bitcoin since 2011. Under his leadership, the platform evolved from a simple cryptocurrency exchange to a more comprehensive decentralized finance platform. The founding team includes various developers and industry experts dedicated to promoting a user-friendly experience and a decentralized model for cryptocurrency trading.
The FOX token operates within the Shapeshift ecosystem, enabling several functionalities. Users can earn FOX tokens by participating in liquidity pools, staking, and providing governance input. The governance model allows FOX holders to vote on important decisions regarding the platform's development, such as new features or changes in protocol. Additionally, the FOX token can be used for accessing exclusive services within the Shapeshift platform, including fee discounts and enhanced trading features. The tokenomics of FOX ensures that users are incentivized to hold and use the token, fostering a vibrant community around the Shapeshift platform.
1. Governance: FOX holders can participate in governance by voting on proposals that shape the future of the Shapeshift platform.
2. Staking and Earning Rewards: Users can stake their FOX tokens to earn rewards, incentivizing long-term holding.
3. Fee Discounts: Holding FOX tokens allows users to enjoy reduced trading fees on the Shapeshift platform.
4. Access to Exclusive Features: Some features within Shapeshift are available only to FOX token holders, enhancing the user experience.
5. Integration with DeFi Services: FOX tokens can be utilized in various DeFi applications that support ERC-20 tokens, expanding their utility beyond the Shapeshift platform.
To ensure the safety of your Shapeshift FOX tokens, consider the following practices:
1. Use Hardware Wallets: Store your FOX tokens in hardware wallets like Ledger or Trezor, which provide offline storage and enhanced security.
2. Enable Two-Factor Authentication (2FA): If using an exchange or online wallet, always enable 2FA to add an extra layer of security.
3. Regularly Update Software: Keep your wallet software and devices updated to protect against vulnerabilities.
4. Be Cautious with Phishing: Always verify URLs and avoid clicking on suspicious links to prevent phishing attacks.
5. Diversify Storage: Consider keeping your tokens in multiple wallets to mitigate the risk of theft or loss.
Investing in Shapeshift FOX Token (FOX) or any other cryptocurrency involves several steps:
1. Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.
2. Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.
3. Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.
4. Buy Shapeshift FOX Token: Once your account is funded, you can purchase Shapeshift FOX Token directly from the exchange. Choose the desired amount and complete the transaction.
Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in Shapeshift FOX Token using Botsfolio, follow these steps:
Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.
Shapeshift FOX Token (FOX) is currently trading at $0.043 and exhibits good potential for future growth. Check the latest Shapeshift FOX Token (FOX) price prediction.
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