Shapeshift FOX Token (FOX)
Rank #1348
Market snapshot
- Price
- N/A
- Market cap
- N/A
- 24h volume
- N/A
- Circulating supply
- N/A
- Total supply
- N/A
- Max supply
- N/A
What is Shapeshift FOX Token?
Shapeshift FOX Token (FOX) serves as a utility token for the ShapeShift platform, facilitating access to various services such as trading cryptocurrencies and tokenized stocks. It operates on the Ethereum network, allowing users to engage in decentralized finance (DeFi) activities and participate in governance decisions.
How Shapeshift FOX Token works
ShapeShift FOX Token operates on multiple blockchain networks including Ethereum, Gnosis Chain, Polygon, Optimism, and Arbitrum. Users can trade over 10,000 assets, including cryptocurrencies and tokenized stocks like AAPL and TSLA, directly from their crypto wallets. The platform functions as a decentralized marketplace for blockchain-based applications, promoting open access to Web3-native applications.
Key information
- Symbol
- FOX
- CMC rank
- #1348
- Network / platforms
Arbitrum, Ethereum, Gnosis Chain, Optimism
- Categories
- N/A
- Date added
- Jan 6, 2021
Contract address
Contract addresses are stored from CoinMarketCap metadata and are shown as recorded. CoinLoom does not independently certify them as official.
Arbitrum
0xf929de51d91c77e42f5090069e0ad7a09e513c73Ethereum
0xc770eefad204b5180df6a14ee197d99d808ee52dGnosis Chain
0x21a42669643f45Bc0e086b8Fc2ed70c23D67509d
Key characteristics
Shapeshift FOX Token is open-source and allows users to trade a wide variety of digital assets. It is categorized under several tags by CoinMarketCap, including DeFi, governance, and decentralized exchange. The platform emphasizes user control over assets and privacy, aligning with the principles of decentralized finance.
Documented uses
ShapeShift FOX Token can be used for trading on the ShapeShift platform, accessing tokenized stocks, and participating in governance decisions. It also supports decentralized applications (dApps) within its ecosystem.
Official resources
Risks
Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.
Transfer and custody notes
Verify the asset name, network, and any supplied contract details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.
FAQ
- What is Shapeshift FOX Token?
- Shapeshift FOX Token (FOX) is a utility token for the ShapeShift platform, enabling users to trade cryptocurrencies and access tokenized stocks.
- How does Shapeshift FOX Token work?
- Shapeshift FOX Token operates on various blockchain networks, allowing users to trade over 10,000 assets and access decentralized applications.
- What are the technical characteristics of Shapeshift FOX Token?
- Shapeshift FOX Token is open-source and categorized under DeFi, governance, and decentralized exchange by CoinMarketCap.
- What are the risks associated with transferring Shapeshift FOX Token?
- Users should verify contract addresses, handle private keys, and be aware of the volatility of digital asset prices.
- How can I verify the acquisition of Shapeshift FOX Token?
- Verify the asset name, network, and contract details before transferring, and review the custody method for secure handling.
- Where can I find official resources for Shapeshift FOX Token?
- Official resources for Shapeshift FOX Token can be found at the ShapeShift website and their technical documentation.
Related cryptocurrencies
Listed from stored network and category relationships, not a similarity score.
