Shapeshift.io membership is said to be the No 1 altcoin swap site as they make it easy for Bitcoin, Ethereum and altcoin to be converted, swapped and exchanged without having to register on the platform.
Shapeshift.io Membership No 1 altcoin swap site -About Shapeshift
ShapeShift Membership is a loyalty program with lots of benefits, depending on the level which may include higher trading limits, rewards on trading volume (FOXY-FOX), better pricing, private market and trade data, and early access to new coins, products, and services.
To some who have followed Shapeshift history, it may seem a curious development; ShapeShift is known as “the exchange without accounts,” a model pioneered in order to reduce friction and protect customers.
Membership is account-based, so why is Shapeshift moving away from what they were known with earlier?
The change according to ShapeShift is the convergence of the three themes they’ve been exploring and considering intensely over the past year:
1) The requests of many of the users to have account-related features: A record of transaction history, saved/whitelisted addresses, and email notifications.
2) Increasing interest in the broad phenomenon of tokenization – the ability to “financialize” and bring liquidity to various aspects of business/customer relationships. Specifically, the ability to build tokenized loyalty programs, in which the engagement between a business and its customers can itself become an asset.
3) The practice of requiring customers to hand over personal private information is one ShapeShift have struggled with since inception. To the extent that digital asset technology remains a legal grey area, we need to be prudent and thoughtful in our approach as we navigate the regulatory environment.
From these themes, the concept of ShapeShift Membership emerged.
Shapeshift Membership is, in essence, an advanced loyalty program. It will lead over time both to better pricing and a superior user experience.
The important details of Membership:
- Members receive special benefits. The benefits will be available both through the website and through the API, and will evolve over time. Benefits include:
- Discount on exchange rates (Lvl 2+)
- Volume-based rewards in FOX
- Higher transaction limits
- There are five levels of Membership (Level 1-5).
- Level 1 is available now, and is free and open to everyone.
- Levels 2-5 will be available later and enable benefits on higher amounts of volume. Possession of specific amounts of FOX tokens (rather than spending or “burning”) grants access to these higher levels of Membership.
- FOX tokens are standard Ethereum-based token. There are 1,000,001,337 FOX tokens in existence (and never more).
- Membership benefits in various forms will accrue across all products and services of ShapeShift. The benefits can and will change over time.
- You can become a Member here (the first 100,000 Members will receive 100 FOX tokens upon the release of the token later).
- FAQ can be found here
- Membership requires basic personal information to be collected. Today, Membership is optional, but according to ShapeShift, it will become mandatory soon.
ShapeShift Membership is best described as an advanced loyalty program. There are five levels (1-5) of Membership. Benefits vary per level and are immediately available upon acquiring a membership. Level 1 is free and will remain free permanently. Level 2-5 will require the possession of FOX tokens. These higher levels are not open yet, and details on these levels will be available later this year.
Members receive a lot of benefits, depending on level. These benefits may include higher trading limits, rewards on trading volume, better pricing, private market and trade data, and early access to new coins, products, and services. In addition, through their account portal, users will have access to new features such as transaction history, trade shortcuts, and more personalized customer service.
Membership is currently optional. However, it is likely that Level 1 Membership (which is free) will be required in the future to use ShapeShift services.
What is FOXY (FOX) token?
The ShapeShift Membership Program will be represented by tokens, which will have a number of features and functions when they become available, with a standard Ethereum-based token (symbol: FOX).
Customers can achieve Level 1 Membership without any FOX tokens, but to become a Level 2-5 Member, one must possess FOX tokens. The tokens will also be awarded to Members both as bonuses on trade volumes and through various promotions and giveaways.
FOX tokens will represent only the means to acquire a ShapeShift Membership and the related membership benefits.
How to earn FOX token
What is My FOX Tokens Worth?
FOX tokens will represent only the means to acquire a ShapeShift Membership and the related membership benefits. With that being said, their value can be found in the benefits of the varying membership levels.
How Do I Withdraw My FOX Tokens?
At this time users are not able to withdraw or transfer FOX tokens.
Will ShapeShift be Doing an ICO?
ShapeShift is not doing an ICO. FOX tokens will represent only the means to acquire a ShapeShift Membership and the related membership benefits.