Shapeshift FOX Token

Name: Shapeshift FOX Token
Brand: Cryptocurrency
SKU: FOX
Price: 0.028581086584673763525 GBP
Availability: InStock

FOX

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Past performance is not a reliable indicator of future results. Learn more about asset risks.

Investment Risk

Baseline risk

All crypto-assets are risky, regardless of the type of token you hold. Here are some ‘baseline’ risks to be aware of before deciding to invest.

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Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.

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Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.

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Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.

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Don’t put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.

Defi tokens

Decentralised Finance (or ‘DeFi’) tokens (e.g. , ) are crypto-assets linked to financial applications and protocols built on decentralised blockchain technology.

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Smart contract risk: DeFi relies heavily on smart contracts. Even a minor coding error or oversight can lead to a contract being exploited, potentially resulting in significant losses for DeFi tokens.

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Regulatory risk: DeFi operates in a decentralized manner, often without intermediaries or financial crime controls. Regulatory bodies across jurisdictions might introduce new regulations impacting the use, value, or legality of certain DeFi protocols or assets.

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For example, the Perpetual Protocol (PERP) and Quickstop (QUICK) protocols may be accessible in jurisdictions where some or all the available activity may need to be regulated now or in the future. If a regulator deemed the activity to be in breach of regulation, this could seriously impact token value.

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Rug-pulls / Exit scams: Some DeFi projects might be launched by anonymous or pseudonymous teams, increasing the risk of "rug pulls" where developers abandon the project and withdraw funds, leaving investors with worthless tokens.

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Data/oracle risk: DeFi protocols often rely on external data sources or ‘oracles’. Manipulation or inaccuracies in these data sources can lead to unintended financial outcomes within the protocols.

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Protocol complexity: The complexity of some DeFi protocols can make it difficult for average users to fully understand the mechanisms and associated risks.

About Shapeshift FOX Token

FOX is an Ethereum token that governs ShapeShift, a decentralized exchange. By participating in the ShapeShift DAO (decentralized autonomous organization), FOX holders can vote on future asset integrations, products, and fee structures for the platform.

Resources

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.

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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.

Market

United Kingdom Market stats

Market cap

£10.8M

Volume (24h)

£126,172.06

Circulating supply

377.2M FOX

Typical hold time

10 days

Popularity

#893

All time high

£1.67

Past performance is not a reliable indicator of future results. Learn more about asset risks.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

United Kingdom Market performance

Price change (1h)

+0.8%

Price change (1d)

+6.45%

Price change (1w)

+5.12%

Price change (2w)

-0.83%

Price change (1m)

-8.39%

Price change (1y)

+59.31%

Past performance is not a reliable indicator of future results. Learn more about asset risks.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

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Social

Some highlights about Shapeshift FOX Token on social media

280 unique individuals are talking about Shapeshift FOX Token and it is ranked #926 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Shapeshift FOX Token has an average sentiment score of 3 out of 5. Finally, Shapeshift FOX Token is becoming more newsworthy, with 0 news articles published about Shapeshift FOX Token. This is a 0% increase in news volume compared to yesterday.

On Twitter, people are mostly bullish about Shapeshift FOX Token. There were 37.5% of tweets with bullish sentiment compared to 29.17% of tweets with a bearish sentiment about Shapeshift FOX Token. 33.33% of tweets were neutral about Shapeshift FOX Token. These sentiments are based on 23 tweets.

On Reddit, Shapeshift FOX Token was mentioned in 0 Reddit posts and there were 0 comments about Shapeshift FOX Token. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

Overview

Contributors

280 people

Posts

27 posts

Dominance

0.01%

Volume rank

#926

Average Sentiment

3 out of 5

Twitter

Tweet Count

23 people

Sentiment

37.5%

Bullish

33.33%

Neutral

29.17%

Bearish

Shapeshift FOX Token Calculator

How much is 1 FOX?

Conversion Table

FOX/USD (United States Dollar)

$0.0380

FOX/CAD (Canadian Dollar)

CA$0.0514

FOX/GBP (British Pound)

£0.0286

FOX/JPY (Japanese Yen)

¥5.43

FOX/INR (Indian Rupee)

₹3.17

FOX/BRL (Real)

R$0.21

FOX/EUR (Euro)

€0.0340

FOX/NGN (Nigerian Naira)

NGN 62.24

FOX/KRW (South Korean Won)

₩50.43

FOX/SGD (Singapore Dollar)

S$0.0490

Shapeshift FOX Token is on the rise this week.

The price of Shapeshift FOX Token has increased by 0.80% in the last hour and increased by 6.45% in the past 24 hours. Shapeshift FOX Token’s price has also risen by 5.12% in the past week. The current price is £0.0286 per FOX with a 24-hour trading volume of £126.17K. Currently, Shapeshift FOX Token is valued at 98.29% below its all time high of £1.67. This all-time high was the highest price paid for Shapeshift FOX Token since its launch.

The current circulating supply of Shapeshift FOX Token is 377,154,162.472 FOX which means that Shapeshift FOX Token has as total market cap of 377,154,162.472.

FAQ

What is the current price of Shapeshift FOX Token?

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

What is the market cap of Shapeshift FOX Token?

The current market cap of Shapeshift FOX Token is £10.79M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Shapeshift FOX Token?

The all-time high of Shapeshift FOX Token is £1.67. This all-time high is highest price paid for Shapeshift FOX Token since it was launched.

What is the 24 hour trading volume of Shapeshift FOX Token?

Over the last 24 hours, the trading volume of Shapeshift FOX Token is £126.17K.

What other assets are similar to Shapeshift FOX Token?

Assets that have a similar market cap to Shapeshift FOX Token include Voxies, Creo Engine, Beefy, and many others. To see a full list, see our comparable market cap assets.

How many Shapeshift FOX Token are there?

The current circulating supply of Shapeshift FOX Token is 377 million.

What is the typical holding time of Shapeshift FOX Token?

The median time that Coinbase customers hold Shapeshift FOX Token before selling it or sending it to another account or address is 10 days.

What is the relative popularity of Shapeshift FOX Token?

Shapeshift FOX Token ranks 153 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Shapeshift FOX Token?

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.

Can I buy Shapeshift FOX Token on Coinbase?

Yes, Shapeshift FOX Token is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Shapeshift FOX Token guide.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

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