![\"Shapeshift](\"https:\/\/www.cryptocabaret.com\/wp-content\/uploads\/2021\/07\/gggggggggggg-768x432.jpg\")
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Founded on July 1, 2014, Shapeshift has been offering global trading of a variety of digital assets for seven years. Following the company\u2019s recent anniversary, it announced Shapeshift is evolving into a community-owned decentralized platform. Shapeshift founder Erik Voorhees explained in a blog post that the firm airdropped FOX tokens to over a million customers in order to \u201cfacilitate decentralized governance.\u201d <\/strong><\/p>\n Shapeshift is changing, according to a recent blog post from its founder, and the company\u2019s announcement<\/a> about an airdrop of the platform\u2019s native FOX tokens to Shapeshift users. The distribution of FOX is meant to make the platform community-owned and governed by FOX holders.<\/p>\n Shapeshift\u2019s recent news follows the company\u2019s change toward dropping KYC rules in January 2021, and shifting toward an entirely non-custodial solution. In mid-April, Bitcoin.com News reported<\/a> on Shapeshift leveraging Thorchain for multi-chain unwrapped swaps. On July 14, Erik Voorhees explained how the company would be dissolving its corporate structure entirely.<\/p>\n \u201cWith an eye toward the future, Shapeshift has begun decentralizing,\u201d Voorhees detailed<\/a>. \u201cShapeshift is open-sourcing everything, [and] Shapeshift\u2019s entire corporate structure will wind down.\u201d Voorhees continued by adding that decentralization will take time and it will be a gradual \u201cprocess over the coming months.\u201d<\/p>\n \u201cFaster than most of us recognize, we are moving toward an open, immutable financial system,\u201d Voorhees said. \u201cIt started with Bitcoin as immutable base money, but it doesn\u2019t end there. It ends when we have an entire system of money, credit, and value exchange that is captured by no central entity, and subservient to no flag.\u201d The Shapeshift founder added:<\/p>\n A system that empowers all of humanity equitably, just like the mathematics upon which it is built. Shapeshift is simply perceiving this trend and positioning accordingly.<\/p>\n<\/blockquote>\n <\/ins> <\/ins> <\/p>\n At the time of writing, each FOX token<\/a> is trading for $0.54 per token and it touched an all-time high (ATH) at $1.65 per unit on April 05, 2021. FOX tokens are down 67.27% since the crypto asset\u2019s ATH three months ago. Etherscan statistics<\/a> show the ERC20 token has seen 69,167 transfers to date and there are 27,521 holders (unique addresses) that own FOX today.<\/p>\n Etherscan.io data further shows the number of FOX holders increased by 24.25% from July 13 to the 15th. In addition to being traded on Shapeshift, FOX can be traded on the decentralized exchange (dex) platform Uniswap<\/a> as well. Coingecko records show FOX has seen $2.3 million in trades on Uniswap over the last 24 hours.<\/p>\nShapeshift Is Shifting<\/h2>\n
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FOX Holders Increase by 24% in 2 Days<\/h2>\n