ShapeShift Shifting Toward Decentralization; FOX Tokens Airdrop to the Community
ShapeShift, a long-running Crypto management platform today announced their plans to go decentralized by gradually dismantling their corporate structure and handing over control to users via FOX token.
ShapeShift's founder Erik Voohees, wrote in his Medium post, "Decentralization has become not only a viable organizational strategy, but the essential model for enabling the borderless, immutable financial system for which so many of us passionately advocate.This decision is our way of renewing first principles and acting in the best interests of our stakeholders, our team, and our treasured users. ShapeShift is decentralizing to build an open-source crypto platform for all people."
As per announcement, ShapeShift's codebase and technology will gradually become opensource in coming months with control being turned over to a decentralized autonomous organization (DAO). A non-profit foundation will be set up to facilitate the transition.
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