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Ethereum Exchange

What is the FOX token used for?

FOX token

FOX is the governance token of Shapeshift exchange.

FOX token is used for

  • Decentralize and dissolve the company Shapeshift.
  • Governance
  • Yield farming
  • Rewards

How could value accrue to the token?

Fees

  • Revenue from Shapeshift will go to DAO treasury

Holding

  • Rainfall rewards – raffle of tokens whenever someone trades. The more tokens you hold the more likely to receive prize.
  • Gas reimbursement – 10% of the value of held FOX tokens can be reimbursed within 30 days.

What is Shapeshift?

Shapeshift is an exchange created in 2014. With the launch of the token shapeshift is now dissolving its corporate structure and decentralizing and open sourcing the exchange.

Shapeshift is airdropping the token to over 1M eligible wallets

Features 

  • 0x DEX integration
  • Cross-chain with Thorchain integration
  • Non-custodial
  • No account or KYC

ShapeShift DAO

  • Treasury with 240 000 000 tokens (24%).

Governance parameters 

  • 100 tokens for proposal
  • 4000 000 tokens required to reach quorum.
  • 72 hr voting period

Shapeshifts new DEX protocol has a number of integrations and features for DeFi and crosschain and layer2 interoperability. Read more here.

DOCS

FOX Tokenomics

Total supply: 1,000,001,337

Distribution

  • 34% – ShapeShift customers and DeFi community
  • 32% – Employees and shareholders
  • 24% – ShapeShift DAO (governance treasury)
  • 7.5% – Foundation
  • 1.3% – Decentralization process

Contract

FOX token address

Fox token airdrop

Shapeshift is airdropping the token to over 1M eligible wallets. Check the airdrop here.

It did not have a token sale.

Similar projects

FOX Token price

Categories
Exchange

What is the FTT coin used for?

FTT coin

FTT is the utility coin for FTX exchange.

FTT coin is used for

  • Lower fees when using the exchange
  • Perks

How could value accrue to FTT coin?

Holding

  • Incentive to hold tokens for traders and users of FTX.

Locking

  • Staking for perks

Buyback and Burn tokens

The same amount as:

  • 33% of fees on FTX
  • 10% of insurance fund
  • 5% of fees earned from other uses

What is FTX?

FTX is a Hong-Kong based cryptocurrency exchange created by Sam Bankman-Fried.

How it works

On FTX users can trade coins, tokens, derivatives and futures. FTX also powers the Blockfolio app which now has enabled trading.

Fee rebates in tiers

  • Holdings of: $100 – $5 000 000.
  • Fee discounts: 3% – 60%

Staking

  • Referrers that stake get a higher % of the referred users fee.
  • Waived blockchain fees when withdrawing
  • Airdrop
  • NFT swag
  • Tickets to IEOs

Exact numbers and percentages here.

Serum Airdrop

500 tokens to participate in SRM airdrops.

Unstaking

Unstaking takes 14 days.

Token Isssuance

Circulating supply: 116,229,824 tokens
Total supply: 350,000,000 tokens.  175,000,000 are company tokens that unlock over a three year period.

FTT Tokenomics

  • 50% FTX
  • 20% Presales
  • 30% Other unsold*

Breadown*

  • 5% – Backstop Fund
  • 5% – Safety Fund
  • 20% – FTT Liquidity Fund
  • 20% – Team Tokens
  • 5% – Advisor Tokens
  • 25% – Company Tokens
  • 10% – Ecosystem Fund
  • 10% – User Acquisition Fund

FTT Presale

  • Round 1: $0.10-$0.20 – 50m tokens
  • Round 2: $0.20-$0.60 – 6.5m tokens
  • Round 3: $0.60-$0.80 – 2.8m tokens

Docs

Similar projects

FTT coin price