The FOX Token is an Ethereum-based cryptocurrency central to the governance of ShapeShift, a decentralized exchange. FOX token holders enjoy the privilege of participating in crucial votes regarding the DAO's management and finances. It not only empowers users within a borderless and cross-chain cryptocurrency trading platform but also acts as a versatile portfolio management tool, granting users greater control over their digital assets. Functioning as the governance token of the ShapeShift DAO, FOX holders actively engage in decision-making processes concerning the treasury, platform features, partnerships, budgets, and other key initiatives. Beyond governance, FOX tokens offer unique DeFi opportunities, serving as a valuable tool to fund proposals and amplify network effects through democratic voting. Founded in 2014 by Erik Voorhees and Jon ShapeShift (a pseudonym), ShapeShift continues to evolve through the power of the FOX Token.
