ShapeShift to Commence Second Airdrop of 6.60 mln FOX Tokens
ShapeShift, a decentralized cryptocurrency exchange, has announced that the organization they have created, the Decentralized Autonomous Organization (DAO), has carried out a second airdrop of 6,613,000 FOX Tokens to around 33,000 individuals that had been ineligible to receive the tokens because they were performing the tasks like staking or providing liquidity.
There were numerous demands for include these individuals in a follow-up airdrop, and this is known as a fairdrop. ShapeShift’s DAO addressed criticism by passing a proposal which received 99.97% of votes on September 16. ShapeShift announced the world’s biggest airdrop at the beginning of July, followed by the announcement that the firm intends to decentralize and open source all of its source code.
Users, KeepKey owners, workers, shareholders, investors, and also governance token holders of 13 DeFi covenants that spurred the business all received a first-come, first-served airdrop of FOX tokens (Gitcoin, Uniswap, SushiSwap, Yearn, Aave, Alchemix, BadgerDAO, 1inch, Compound, Curve, Balancer, Maker and 0x). The second airdrop offered members 200 FOX to demonstrate support for DeFi and governance involvement in addition to cross-DAO cooperation.
Willy Ogorzaly, who will oversee the decentralized FOX Foundation once it is formed, stated that he is happy that DAO community member NukeManDan and others pushed for the Fairdrop, and that the overwhelming majority of FOX Token holders supported the proposal.
“There was no aim to restrict token holders and LP suppliers from the first airdrop. Instead, the DAO facilitates the establishment of governance proposals to handle future ancillary features. This is a very effective use of the DAO’s processes, with participants on every single DAO.”
For both the first and second airdrops, everyone who received tokens has until October 12, 2021, to claim the whole amount. After that date, the number of claimable tokens decreases 10% each day.