Shapeshift will have zero employees in the future
The Colorado-based ShapeShift announced today that its operations as a formal company would come to an end. According to Voorhees, currently employing 65 people, ShapeShift will have no employees, no bank accounts, or CEO somewhere between four and twelve months.The company has airdropped 340 million FOX tokens to all past users of ShapeShift. These tokens are governance tokens. The majority of FOX Tokens are owned and controlled by hundreds of thousands of individuals worldwide because of the airdrop. Token holders will have the ability to direct the future of the product and brand by voting on and submitting proposals.
How are you eligible for the airdrop?
There are many ways users were and are still able to get an airdrop. You can find all the information on ShapeShift's blog. Airdrops have to be claimed within 90 days.Besides users of Shapeshift, users of lots of different DeFi protocols, including Gitcoin, Thorchain, Uniswap, Yearn, and several others, will be able to claim an airdrop of the FOX tokens. The company will also initiate liquidity mining for the FOX Token 48 hours after the airdrop.
What kind of company is Shapeshift?
Right now, Voorhees says, there is no term to describe Shapeshift. The company has changed a lot in the past years. It has evolved from an anonymous place to trade crypto to a control panel that allows crypto users to monitor their positions and conducts economic activity across multiple blockchains. "We're essentially a crypto interface," Voorhees said, and it's built to integrate with any wallet, app, blockchain, or primitive entrepreneurs want to develop.Continue reading by joining Cryptonary Pro
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