Description
FOX is an ERC-20 token created by ShapeShift which serves as the governance token for the ShapeShift DAO, token holders can vote on proposals relating to the operation and treasury of the DAO. The token supports and provides utility for a borderless, cross-chain crypto trading platform and portfolio manager for user self-sovereignty. As the ShapeShift ecosystem expands, users will be able to earn FOX tokens for activity that generates revenue for the DAO via affiliate partnerships (i.e. earning yield, buying/selling/trading crypto and nft's, buying swag or a y.at, etc.). The ShapeShift DAO earns revenues, and the user earns FOX tokens which can represent entitlement to those revenues. The total capped supply of FOX is 1,000,001,337 tokens.
Market Rank
In the dynamic and ever-changing landscape of cryptocurrencies, ShapeShift FOX Token has established itself as a formidable player. It is currently ranked #813 in the cryptocurrency market based on its market cap. This ranking reflects the trust and confidence that the market has in ShapeShift FOX Token as a viable digital asset.
Tokenomics
The tokenomics of ShapeShift FOX Token consist of a total supply of 1,000,001,337 tokens, out of which 840,839,919 tokens are currently in circulation. Understanding the tokenomics is crucial for potential investors, as it sheds light on the token's distribution and availability, which can directly impact its value and demand in the market.
Wallet Support
In order to securely store your ShapeShift FOX Token tokens, you can use a variety of wallets such as MetaMask, Trust Wallet, MyEtherWallet, Ledger, Trezor. These wallets provide a safe environment for managing and storing your digital assets. It's essential to select a wallet that supports the specific cryptocurrency and offers a high level of security, user-friendliness, and compatibility with your preferred devices.
Popular Exchanges
To buy, sell, or trade ShapeShift FOX Token, you can use various popular exchanges such as ArkenSwap. These platforms offer a seamless experience and allow you to manage your investments in ShapeShift FOX Token with ease. Always remember to conduct thorough research before choosing an exchange, as the security and reliability of the platform are crucial for your digitalassets.
