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View ChartThe FOX Token is the governance and utility token for the ShapeShift DAO, a decentralized, community-owned cryptocurrency exchange and platform.
Key takeaways
The FOX Token is the lifeblood of the ShapeShift DAO, powering its decentralized governance and providing key benefits to users within its ecosystem.
| Item | Details |
|---|---|
| Name (Ticker) | Shapeshift FOX Token (FOX) |
| Alternative Names | FOX Token |
| Consensus Mechanism | N/A (Ethereum ERC-20 Token) |
| Smart Contracts | Yes (Ethereum) |
| Category | DeFi, Governance, Exchange Token |
| Hash Algorithm | N/A |
| Block Reward | N/A |
| Max Supply | 1,000,000,001 FOX |
| TPS | Dependent on the Ethereum network |
| Scaling Solution | N/A |
| Blockchain | Ethereum (ERC-20) |
ShapeShift was originally founded in 2014 by Erik Voorhees as a private, non-custodial cryptocurrency exchange. The creation of the FOX Token marked a pivotal shift in the company's structure. In 2021, ShapeShift decentralized, dissolving its corporate entity and transitioning to a fully community-owned Decentralized Autonomous Organization (DAO). The FOX Token was launched and distributed directly to users through one of the largest airdrops in crypto history at the time. This move transferred ownership and governance of the entire ShapeShift platform to its community of FOX holders, with no single entity or founding team retaining control.
FOX operates primarily on the Ethereum blockchain as an ERC-20 token. Its core functionality revolves around two main pillars: governance and platform utility. As a governance token, FOX holders can create, discuss, and vote on proposals that dictate the DAO's treasury management, product development, partnerships, and overall direction. Voting power is proportional to the amount of FOX staked. For utility, holding FOX provides tangible benefits within the ShapeShift ecosystem, such as trading fee discounts, yield farming rewards, and access to exclusive features or token launches. The token is designed to align incentives, rewarding active participants and long-term supporters of the decentralized platform.
FOX's uniqueness stems from its role in one of the most significant decentralization events in the crypto industry. Unlike exchange tokens issued by centralized entities, FOX represents true ownership of a major trading platform by its users. Its value is derived from:
The FOX Token has several primary use cases within the ShapeShift DAO ecosystem:
FOX is a popular cryptocurrency listed on several exchanges. For a secure and seamless experience, we recommend using a major platform like BTCC, known for its high liquidity and robust customer support.
Buy in just 4 steps (Register → Verify → Deposit/Purchase → Receive Coins)
Choose Shapeshift FOX Token products that suit your trading style
Thank you for your interest in BTCC. Currently, spot and futures trading services for FOX are not supported. As a leading digital asset platform, BTCC is committed to providing a secure and stable trading environment. We recommend completing your account registration and identity verification (KYC) to explore other premium assets and exclusive benefits available on BTCC.
As of right now, the live price of Shapeshift FOX Token (FOX) is $0.004056. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated FOX to USD rate at the top of BTCC’s price page. In terms of market scope, Shapeshift FOX Token records a 24h trading volume of $3.722364K (reflecting total buying and selling activity over the last 24 hours), with a total market cap of $3.142701M. Its current circulating supply stands at 772.29M out of a maximum supply cap of ∞.
The price volatility of Shapeshift FOX Token (FOX) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (772.29M) to max supply (∞), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.
Looking at its historical price performance, Shapeshift FOX Token (FOX) hit an all-time high (ATH) of $5.134915 on 2021-11-16 07:40, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at $0.003722 on 2026-07-01 12:40. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.
When trading FOX futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume ($3.722364K), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s FOXUSDT perpetual contracts support two-way trading. If you anticipate a price decline for Shapeshift FOX Token, simply log into your BTCC account with USDT margin available, navigate to the FOXUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.
Yes. BTCC offers flexible, high-tier leverage options for FOXUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.
Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: $0.004056), you can practice opening/closing positions, adjusting leverage, and setting TP/SL for FOXUSDT with zero financial risk.
Trading Shapeshift FOX Token (FOX) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for FOXUSDT, and review its live price ($0.004056) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.
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