Shape shift exchange plus#

This means the Lido Nation Foundation will shed its board members and directors, and delegators like you will drive the direction and future of the site and the pool. Here at Lido Nation, we hope to one day follow suit and become a fully functioning DAO. ShapeShift is an established cryptocurrency exchange platform that aims to make switching between digital assets quick and simple. They could remove structural biases based on race, gender, or socio-economic affiliations. DAOs have the potential to actually reduce pay gaps between “leadership” and everyone else. DAOs could eliminate embezzlement and corporate fraud. This experiment could be a catalyst for making work personal again. This is an amazing experiment that we are eager to follow closely! Will Shapeshift’s customers rise to the challenge of driving the direction and values of Shapeshift? Unlike the traditional ways of structuring work, at the center of every DAO is people. This treasury will be controlled by FOX token holders after the Foundation has done its job of guiding the transition to a DAO, and establishing tools for governance. The remaining tokens will be put into a third, separate fund. 7% will be given to a foundation to help steer the company into a fully functioning DAO. No matter your age, race, gender, or location, if you’ve interacted with Shapeshift’s product, you will get to make calls about the company’s future. Benefits of an Atomic Shapeshift FOX Token Wallet Only you control your private keys You can manage 300+ coins and tokens Exchange 100+ cryptocurrencies and.

About 60% of all available FOX tokens will be distributed to Shapeshift’s customers, certain crypto communities, and ShapeShift employees. FOX tokens will function like “shares” in the company. Coins held on Coinbase or Binance are in the custody of these exchanges until you withdraw them.ĭuring its transition to a DAO, any customer that has used Shapeshift will receive FOX tokens. This is very unlike exchanges like Coinbase or Binance where users must provide a lot of personal information and relinquish direct control of their assets. This platform was released in 2015 to the public with total funding of 1.6 million. Shapeshift is a cryptocurrency exchange that lets users exchange cryptocurrencies without relinquishing control of their digital assets. ShapeShift is a cryptocurrency exchange founded in 2013 by Erik Voorhees, with its headquarters in Switzerland. If a “DAO” is a new concept to you, we wrote all about it here: DAOs Demystified: Organization that puts people first.

After the transition, the company will be fully controlled by its 1 million customers, employees and community members. Currently, Shapeshift is headquartered in Zug, Switzerland, and is run out of Denver, Colorado, USA. Shapeshift is transitioning from a typical corporation to a Decentralized Autonomous Organization (DAO).

Shape shift exchange plus#

In the coming year, a company of about 65 people and 6.5 Million USD in revenue will relinquish control of its future to its 1 Million plus customers.