Crypto’s fundamental virtue is the ability to enshrine self-sovereignty in the realm of digital value; to grant to each human on Earth the inalienable right to control what is theirs.
Self-sovereignty is thus essential to a borderless, digital financial future. It is the whole point. Yet, most people still trust their crypto to a 3rd party. The big exchanges are unanimously custodial.
ShapeShift’s goal — today as it was five years ago — is to make self-custody a seamless and enjoyable experience, because this will help the world move toward self-sovereign finance, and away from fiat. Decentralized digital assets are the future, and we will always champion their advancement.
- Our first step, back in 2014, was to build an easy way to convert digital assets without counterparty risk. (ShapeShift.io)
- Our second step was to release the new ShapeShift self-custody platform this past July: an all-in-one solution for normal people to hold, trade, and transact crypto assets safely. (ShapeShift.com)
- Our third step is now revealed: ShapeShift is offering true zero-commission crypto trading to its users, enabled by the much-anticipated FOX token which is also live as of today.
This means you can now trade crypto commission free. And for the skeptics, you’re welcome to compare the rates yourself. While trading is commission free, standard network miner fees still apply to each trade.
This isn’t a promo. This isn’t a temporary offer. This is trading of digital assets without a trading fee, available today to all ShapeShift platform customers. Our FOX token powers this feature. We give you 100 FOX tokens on verified signup, and you simply need to hold onto them to trade for free. You don’t have to spend them or lose them to get the benefit.
Here’s How It Works
- By simply holding (not spending) these 100 FOX tokens, you get $1,000 of free trading volume on a rolling 30 day basis. Each individual token thus grants $10 of free trading volume every 30 days, in perpetuity.
- You don’t have to spend or lose the FOX tokens to keep enjoying the benefit. As they say, just hodl.
Benefits to ShapeShift Users
Through this mechanism, ShapeShift users are the only ones in the world who have access to:
• Deep liquidity
A Tokenized Future
We believe that tokenized assets create powerful new mechanisms for customer engagement. ShapeShift’s FOX token, which perpetually grants zero-commission crypto trading to anyone holding it, is our initial demonstration of this thesis.
By offering high liquidity, zero trade fees, and a beautiful web-based UI, our goal is to help crypto users transition toward self-custody. If you want a better way to hold and trade Bitcoin, Ethereum, and dozens of other leading digital assets, give it a try. You control your keys, always.
Let us know what you think!
— Erik Voorhees, ShapeShift Founder & CEO