Shapeshift FOX Token is a project that deserves review due to the token making it to top gainers chart on coinmarketcap. Nowadays, the cryptocurrency world is being driven by memes, shitcoins and non-functional tokens, created on several different networks and blockchains, which serve no purpose at all other than tricking users into trading those assets to create market fluctuations that are backed by no specific reason at all and are all artificially made. This mess must come to an end, and cryptoandreviews.com is here to do that.
The benefits of Shapeshift FOX Token are closely linked to the utility of the tokens which will be reviewed on this article.
Cronos, PancakeSwap and The Sandbox all had a quick run up when they were introduced into the market. Many people invested in the initial idea while others didn’t. You know the rest of the story as of today.
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Shapeshift FOX Token Review
About Shapeshift FOX Token
A lot of investors have hurriedly delved into investing on a project they have little knowledge about Due to Fear Of Missing Out. So on this article, we will review Shapeshift FOX Token token by explaining what the coin is about, tokenomics, roadmap, ICO, staking insights of the project, listing the pros and cons, the supply and how legit/safe the token is for investment.
What is Shapeshift FOX Token?
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 project’s 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. It’s founder, Bitcoin pioneer Erik Voorhees, stated this decentralized model “is the only way to maintain user sovereignty.”
Who Are the Founders of ShapeShift?
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.
Shapeshift FOX Token Supply
There are 377,154,162.47 FOX in supply worldwide.
Pros and Cons of Shapeshift FOX Token
Pros of Shapeshift FOX Token
- There is a surge in the market price currently
- Project whitepaper available
- There is a community
- Contract on Ethereum
- They are fully decentralized
- A lot of investors are ‘flocking’ to invest
- It is listed on coinmarketcap
- Good navigational website – Shapeshift FOX Token
Cons of Shapeshift FOX Token
- The coin is still under research and development
- Multiple issues with its synchronizations between ledgers
- Not listed on some exchanges
- No Github profile
- They have no reddit account
- No Bitcointalk thread created
- No traceable features on tradingview
Is Shapeshift FOX Token Legit or Scam?
A cryptocurrency project requires you to part with your hard earned cash in order for you to become successful. You expect some level of transparency and professionalism from a project or the team that is asking for your money.
According to research and reviews, Shapeshift FOX Token have developed a problem solver but with a weak back up for the token they produce. Going through their community and roadmap about their project, their visions and aims have so far been achieved.
Is Shapeshift FOX Token Safe?
Being willing to invest in any token is a question entirely up to you to answer. Shapeshift FOX Token token has a formidable team and vision to backup their digital assets and project. The project will succeed but depends if the team keeps the vision active and alive.
Make personal research on the coin, visit coin’s official website.
Follow our blog to learn about coin legitimacy. You can share your thoughts and experiences about Shapeshift FOX Token on the comment section below. Don’t forget to rate and leave Shapeshift FOX Token a review.