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July 15, 2021

ShapeShift Decentralizes, Airdrops FOX Tokens

ShapeShift will be dissolving their corporate structure to reform the company as a DAO (decentralized autonomous organization) in order to stay true to the ideals of decentralization. This is potentially the largest instance of an existing coroporation decentralizing itself, and could set an example for future organizations to do the same.

Erik Voorhees, ShapeShift's creator, has always been one of the greatest proponents of cryptocurrencies and financial sovereignty. It comes as no surprise that he would want to achieve this vision. Recently, he led an effort to integrate THORChain into ShapeShift for non-custodial cross-chain swaps, allowing the app to remove the need for KYC.

Read more about the process to decentralize the company on Erik's blog.

As part of this process, ShapeShift will be airdropping FOX tokens to over 1 million receipients. Eligible users include:

  • ShapeShift users
  • KeepKey owners who have used the hardware wallet with ShapeShift
  • THORChain traders
  • RUNE holders

Check your eligibility for this airdrop and claim your rewards via ShapeShift. Rewards range from 200 to 8,500 FOX.

Source: ShapeShift

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