The airdrop effectively transfers ShapeShift governance rights to the users, who will begin governing the now community-owned platform.
Over 60% of the total FOX supply will be allocated to the ShapeShift community. Over 120,000 decentralized finance (DeFi) users from other platforms, including THORChain, Curve, Balancer and Uniswap, will also be eligible to collect FOX tokens through the airdrop.
All of ShapeShift’s code and infrastructure will be open-sourced in the coming months
“Inspired by the broader DeFi community, we’ll now help pioneer a new model of economic coordination for the 21st century. No corporate entity, no banks and no borders. The tools are ready. Our customers, and the broader crypto community, are now the primary stakeholders of a decentralized, open-source digital asset platform for the world.”