ShapeShift, a leading non-custodial cryptocurrency exchange, is planning to open-source its platform and dissolve its entire corporate structure — an unprecedented move that underscores the company’s commitment to decentralization.
Largest airdrop in history
As part of its decentralization pledge, ShapeShift plans to airdrop 340 million FOX tokens to over one million users who traded $1 or more of Ether (ETH) or any ERC-20 token through the platform prior to June 9, 2021. Both current and past users of ShapeShift are eligible to receive the airdrop. The breakdown of the FOX token distribution is as follows:
1-4 trades: 200 FOX5-9 trades: 350 FOX10-24 trades: 750 FOX25-99 trades: 1,500 FOX100+ trades: 8,500 FOX
Wallets registered with ShapeShift that are holding cryptocurrency balances as of June 9 will also receive 250 FOX. Furthermore, users of KeepKey who have connected with ShapeShift as of June 9 are also eligible for 900 FOX.
The airdrop effectively transfers ShapeShift governance rights to the users, who will begin governing the