What is FOX
Tokens
I. Project Introduction
Tags:DeFi, DEX
Project timeline:
Wallet Support
-Implement support for additional wallets, including but not limited to MetaMask, Trust Wallet, WalletConnect, and Gnosis Safe. We’re considering onboard.js for this.
Open Sourcing
-Open source all ShapeShift code and infrastructure.
-Replace or decentralize functionality that currently relies on centralized infrastructure, such as ShapeShift oAuth.
-Anything that cannot be open-sourced in the short-term will be run by the Foundation with the intention of it open-sourcing and decentralizing when possible in coordination with the community.
Additional Blockchains
-Add support for a growing list of blockchains, with the ultimate goal of enabling projects to easily add their own blockchains.
DEXs
-Add support for DEX aggregators on additional EVM-compatible chains.
-Add cross-chain swapping capabilities for new assets as they become available on THORChain.
DeFi
Enable users to provide liquidity on THORChain and earn yield on a growing number of assets and blockchains, including native BTC.
Enable users to easily deposit to Yearn vaults, and deposit all revenues earned through Yearn’s affiliate partnership to the ShapeShift DAO.
Enable users to view and manage positions across a growing list and variety of protocols (borrowing, lending, yield-generating, etc.). This includes protocols like Aave, Compound, Alchemix, and Liquidity.
Enable users to “zap in” to DeFi positions, which would otherwise require multiple transactions.
Enable users to transfer assets across blockchains via decentralized bridge protocols.
Layer 2
-Add support for a growing list of Ethereum Layer 2 solutions, with the ultimate goal of enabling projects to easily add support for their own Layer 2.-
We have explored implementing support for Bitcoin’s Lightning network, but unfortunately have yet to find a viable solution for supporting Lightning that is both non-custodial and also doesn’t require users to run full nodes. However, if the community can determine a viable path, we would love to support Lightning.
Team background:
Erik Voorhees - Founder of ShapeShift, an interface for digital assets. He was one of the earliest bitcoin and cryptocurrency advocates.
II. Token Information
2.1 Token Basic Information
Token Name:
Total supply:
Tokens in Circulation:
2.2 Token Distribution and Token Release Schedule
34% – ShapeShift customers and DeFi community
32% – Employees and shareholders (3 year vesting starting from 2nd June 2021)
24% – ShapeShift DAO (governance treasury) 3 year vesting starting from 2nd June 2021
8% – Foundation
1% – Shapeshift decnetralization
1% – Already in circulation
III. Related Links
Official Website:
Blockchain explorer:
Twitter:
Telegram:
Medium:
Note: The project introduction comes from the materials published or provided by the official project team, which is for reference only and does not constitute investment advice. Some of the content may be out of date, error, or omission. HTX does not take responsibility for any resulting direct or indirect losses.
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