Shapeshift Announced Zero Commission Trading

Shapeshift Announced Zero Commission Trading

By HowToVids | Crypto Blockchain News | 21 Nov 2019


Every company tries to come up with a new offer that is attractive to gain more customers. Because customers are the objective of almost every business. So they offer services and packages other, not able to provide so that customers come towards their business. In the same way, Shapeshift a crypto exchange comes with a new offer called it zero commission trading. They offer zero trading offers for some of the services or limited services.

Erik Voorhees, ShapeShift CEO said in an email.

“Trades are free if you hold FOX tokens, and every user gets FOX tokens when they create an account, thus, trading is truly free for everyone,” More He said “The limiter is volume per month: Each FOX token enables $10 of free trading volume per rolling 30-day window. So if you have 100 FOX tokens, you can trade up to $1,000 every 30 days free of charge. Importantly, the user doesn’t have to spend or lose the FOX tokens, simply holding them enables the zero-commission trading.”

He added more about services that

"We believe that tokenized assets create powerful new mechanisms for customer engagement. ShapeShift's FOX token, which perpetually grants zero-commission crypto trading to those who hold it, is our initial demonstration of this thesis," 

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