ShapeShift is a decentralized cryptocurrency trading platform and portfolio manager that allows users to have full control over their assets. With ShapeShift, users can easily buy, send, receive, swap, and manage different cryptocurrencies through a mobile interface or web platform. The platform supports various software and hardware wallets, including ShapeShift native, Portis, KeepKey, Trezor, and Ledger.

ShapeShift is a 100% self-custody platform, which means that users always have control over their private keys. Additionally, ShapeShift does not collect any personal information and does not charge any trading fees. To make trading more cost-effective, ShapeShift offers its governance and utility token called FOX, which is granted on all trades. This feature makes trading on ShapeShift more competitively priced compared to using decentralized exchanges (DEXs) directly.

ShapeShift is a borderless, cross-chain crypto trading platform and portfolio manager for user self-sovereignty. The platform enables users to buy, send, receive, swap, and manage assets via mobile interface or web platform, and lets them choose to use a range of software or hardware wallets, including ShapeShift native, Portis, KeepKey, Trezor, and Ledger.

ShapeShift is a 100% self-custody platform, meaning the user always controls their keys. ShapeShift does not collect personal information and adds no trading fees. The projects governance and utility token, FOX, granted on all trades, makes trading more competitively priced than going directly to DEXs.

ShapeShift was founded in 2014, originally as a privately held company based in Switzerland. However, in June 2021, the organization announced that it was becoming a fully decentralized project, open sourcing all of its source code and turning ownership and governance over to the community of FOX Token holders. Its founder, Bitcoin pioneer Erik Voorhees, stated this decentralized model is the only way to maintain user sovereignty.

The total capped supply of FOX is 1,000,001,337 tokens.

34% were granted to over 1.1M ShapeShift customers and DeFi community members in the worlds largest token airdrop on June 30, 2021.

32% were granted to employees and shareholders before decentralization. These vest over three years from June 2, 2021.

24.2% were granted to the FOXDEN—the DAO governance treasury of the now decentralized ShapeShift.

7.5% were granted to the ShapeShift Foundation—a non-profit tasked with facilitating the transition to decentralization.

1.3% were retained by ShapeShift.

1% was already in circulation, held by over 21,000 ShapeShift users before the airdrop distribution event.

ShapeShift was founded by Erik Voorhees and Jon ShapeShift (pseudonym). Erik Voorhees is among the top-recognized serial crypto advocates and entrepreneurs, communicating the virtues of Bitcoin as one of the most important inventions ever created. Having been a featured guest on Bloomberg, Fox Business, CNBC, RT, BBC Radio, and numerous crypto industry events, Erik humbly suggests that there is no such thing as a free market when the institution of money itself is centrally planned and controlled.

Before founding ShapeShift, Voorhees was the creator of SatoshiDICE, which popularized the concept of provable fairness and was responsible for most of the worlds Bitcoin transactions in 2012 and 2013. Prior to that, Erik was Head of Marketing at BitInstant in NYC.

Jon ShapeShift was Chief Product Officer and co-founder of ShapeShift and was responsible for driving product strategy, leading product development teams and efforts, and designing solutions that integrate the changing landscape of crypto, decentralized finance, and macroeconomics in general. He has been deeply involved in the founding and pioneering of online gaming and cryptocurrency platform companies, helping to propel ShapeShift to being one of the most internationally recognized crypto brands in the industry.

Visit ShapeShift.com, where you can begin trading, or download the app.

FOX Tokens are available for trading on a growing number of exchanges, such as Uniswap v2 and v3. Through ShapeShifts integration with 0x, which aggregates liquidity from Uniswap and over a dozen other DEXs, FOX can be traded in ShapeShifts web and mobile app.

New to cryptocurrency? Read BYDFis easy guide to buying Bitcoin or any other token.