Shapeshift FOX Token (FOX) is the governance and utility token of the ShapeShift platform, a borderless, cross-chain crypto trading platform and portfolio manager. The platform is designed to uphold user self-sovereignty, allowing users to acquire, send, receive, swap, and manage assets via a mobile interface or web platform. ShapeShift is a 100% self-custody platform, meaning users always control their keys. The platform does not collect personal information and adds no trading fees. The FOX token is allocated with each transaction, aiming to make trading more competitively priced.

FOX Token operates as the governance and utility token of the ShapeShift platform. It is allocated with each transaction conducted on the platform, aiming to provide more competitive pricing for users. The token allows holders to participate in the governance of the ShapeShift platform, giving them the ability to submit and vote on proposals. This decentralized model is designed to maintain user sovereignty. The total capped supply of FOX is 1,000,001,337 tokens, distributed among ShapeShift customers, employees, shareholders, the DAO governance treasury, the ShapeShift Foundation, and ShapeShift itself.

FOX Token has several potential use cases. Primarily, it serves as a governance token, allowing holders to participate in the decision-making process of the ShapeShift platform. This includes the ability to submit and vote on proposals, helping to shape the future of the platform. Additionally, the token is used within the platform to make trading more competitively priced. It can also be used to receive incentives on the platform, providing additional incentives for users to hold and use FOX Tokens.

ShapeShift was founded in 2014 as a privately held company based in Switzerland. The platform's governance and utility token, FOX, was introduced to make trading more competitively priced and to allow users to participate in the platform's governance. ShapeShift became a fully decentralized project in June 2021, open sourcing all of its source code and turning ownership and governance over to the community of FOX Token holders. The founder, Bitcoin pioneer Erik Voorhees, stated that this decentralized model aims to maintain user sovereignty.

We update our Shapeshift FOX Token to USD currency in real-time. Get the live price of Shapeshift FOX Token on Coinbase.

The current market cap of Shapeshift FOX Token is $5.649M. A high market cap implies that the asset is highly valued by the market.

The all-time high of Shapeshift FOX Token is $2.22. This all-time high is highest price paid for Shapeshift FOX Token since it was launched.

Over the last 24 hours, the trading volume of Shapeshift FOX Token is $109.924K.

Assets that have a similar market cap to Shapeshift FOX Token include Coinbase Tokenized Stock (Ondo), KGST, Ancient8, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Shapeshift FOX Token is 772 million.

Shapeshift FOX Token ranks 165 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

Currently, 79% of Coinbase users are buying Shapeshift FOX Token. In other words, 79% of Coinbase customers have increased their net position in Shapeshift FOX Token over the past 24 hours through trading.