ShapeShift (FOX) Price



Before trading any crypto asset, it is important to understand the risks. This overview summarizes certain risks associated with this asset. No securities regulatory authority has issued an opinion regarding this asset, including an opinion that it is not itself a security and/or derivative.

Investors in Canada are reminded that no securities regulatory authority or regulator in Canada has assessed or endorsed any Crypto Contract or Crypto Asset made available through the Uphold Platform.

Token Description & Project Background

An early crypto trading platform with roots tracing back to the now-defunct Colorado-based company, ShapeShift, the platform, now known as ShapeShift FOX, focuses on a range of decentralized finance (DeFi) uses with an emphasis on self-sovereignty. 

ShapeShift FOX is a borderless, cross-chain crypto trading platform and portfolio manager for user self-sovereignty. The platform enables users to buy, receive, swap and manage assets via a mobile interface or web platform, and lets them choose to use a range of software or hardware wallets. ShapeShift is a 100% self-custody platform, meaning the user always controls their own keys. ShapeShift FOX does not collect personal information and adds no trading fees. 

The project’s governance and utility token, FOX, granted on all trades, supposedly makes trading more competitively priced than going directly to DEXs. 

FOX serves as a governance token for the ShapeShift DAO: token holders can vote on proposals relating to the operation and treasury of the DAO. 

FOX was founded in 2014, by Bitcoin pioneer Erik Voorhees, creator of SatoshiDICE which helped facilitate Bitcoin transactions circa 2012-2013, and Jon ShapeShift (pseudonym). It was originally held as a private company based in Switzerland. In June 2021, the organization announced that it was becoming fully decentralized, open sourcing all of its source code and turning ownership and governance over to the community of FOX token holders. 

Risks of FOX

Like an investment in other crypto assets, there are some general risks to investing in FOX. These include:  (i) volatility risk and liquidity risk, (ii) short history risk, (iii) demand risk, (iv) forking risk, (v) code defects, (vi) regulatory risk, (vii) electronic trading risk, and (viii) cyber security risk. For additional information of these and other general risks associated with crypto assets and Uphold’s platform, please refer to the Risks Specific to Holding Digital Assets statement.

In addition to these general risks, an investment in FOX is subject to the following specific risks:

  • Any potential success associated with FOX depends on Shapeshift FOX’s rate of adoption and demand for DeFi products.

We emphasize that this Crypto Asset Statement is not an exhaustive description or summary of all risks associated with FOX. Investors should conduct their own research and perform their own assessment before trading any crypto asset to determine the appropriate level of risk for their personal circumstances.

The FOX community and Shapeshift FOX DAO are not under any legal or regulatory obligation to disclose material information to the public regarding its activities. Holders of FOX have no recourse to the FOX community, the Shapeshift FOX DAO, or Uphold if FOX declines in value for any reason.

Changes to applicable law may adversely affect the use, transfer, exchange, or value of any of your crypto assets, and such changes may be sudden and without notice.

Uphold’s Evaluation Process

Prior to listing FOX on the Uphold Platform, Uphold performed due diligence on FOX and determined that FOX is unlikely to be a security or derivative under relevant securities legislation. Uphold’s analysis including reviewing publicly available information on the following: 

  • The creation, governance, usage, and design of FOX, including ensuring the source code is open-source, audited and peer reviewed, security, and roadmap for growth in the developer community. 
  • The supply, demand, maturity, utility, and liquidity of FOX.
  • Any marketing materials put forward by the FOX social team including on, Twitter, Medium blog, LinkedIn posts, Discord and Telegram channels.
  • Material technical risks associated with FOX, including any code defects, security breaches and other threats concerning FOX and its supporting blockchain (such as the susceptibility to hacking and impact of forking), or the practices and protocols that apply to them.
  • Legal and regulatory risks associated with FOX, including any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of FOX. 


Uphold has prepared this Crypto Asset Statement based on publicly available information. Although Uphold has taken steps to obtain information from apparently reliable sources, information contained in this Crypto Asset Statement may be inaccurate, incomplete or out-of-date. This overview is a starting point for you to perform your own research prior to investing in a crypto asset.

Uphold users should read the Risks Specific To Holding Digital Assets statement for additional discussion of general risks associated with crypto assets made available through the Uphold platform.  

Canadian residents, please note that Uphold has filed an application for registration in certain Canadian jurisdictions but has not yet obtained registration. Until such time as Uphold obtains registration, Uphold has agreed to abide by the terms of an undertaking available at the following link. Please also review the Uphold Canada – Crypto Risk Statement for additional discussion of general risks associated with the crypto assets made available through Uphold Platform. Please be aware that statutory rights of action for damages or rescission in section 130.1 of the Securities Act (Ontario) and, if applicable, similar statutory rights under securities legislation in the other provinces and territories of Canada do not apply in respect of this Crypto Asset Statement or other disclosures on the Uphold website and Risks Specific To Holding Digital Assets statement. 

Last updated on June 21, 2023.

How to buy ShapeShift FOX (FOX)

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