ShapeShift Airdrop Review 2023: Good Or Bad Airdrop Read Our Review

What Is Crypto Airdrop?

A cryptocurrency airdrop is a marketing tactic used by blockchain projects and cryptocurrency businesses to give away free tokens or digital assets to a particular demographic of cryptocurrency owners or the larger crypto community.

The idea of “dropping” these tokens into recipients’ wallets, frequently without charge or obligation, is where the word “airdrop” originates. A new cryptocurrency’s airdrops can be used to raise awareness of it, reward devoted users, promote acceptance, and increase liquidity in a token’s early stages.

Recipients of airdrops may be picked using a variety of criteria, such as belonging to a certain blockchain network or possessing a set amount of a particular cryptocurrency. While airdrops might be a fun way to get free tokens, participants should use caution as some airdrops may include scams or have hidden agendas. It’s crucial to investigate an airdrop’s authenticity and goal before participating.

What Is ShapeShift Airdrop?

ShapeShift is the only cryptocurrency trading platform offering zero-commission crypto trading and self-custody. ShapeShift.com allows users to buy crypto with fiat, trade, track, and secure their crypto through a simple and beautiful web interface. Users always stay in control of their keys. ShapeShift is based in the United Kingdom, with offices in London, UK, and Denver, Colorado.

ShapeShift is airdropping their new governance token “FOX” to early users and various DeFi users. Various ShapeShift customers, Gitcoin, Uniswap, SushiSwap, Yearn, Aave, Alchemix, 1inch, Curve, Balancer, and 0x token holders, and most of the THORChain users, are eligible to claim up to 8,500 FOX. The claimable amount will decrease 10% from the original amount each day for 10 days after 90 days from the start of the airdrop date.

Basic ShapeShift Airdrop Points

How To Claim ShapeShift Airdrop Step-by-Step Guide:

1. Visit the ShapeShift airdrop claim page.
2. Connect your ETH wallet.
3. If you’re eligible, then you will be able to claim up to 8,500 FOX.
4. The eligible users are:
   • ShapeShift customers and KeepKey owners.
   • Users who’ve traded $1 or more in ETH or any ERC-20 token through ShapeShift prior to June 9th, 2021.
   • Every customer with a wallet registered with ShapeShift holding crypto as of June 9th, 2021.
   • Every KeepKey customer who connected their KeepKey with ShapeShift as of June 9th, 2021.
   • THORChain traders of ETH/ERC-20 assets and those who upgraded ETH.RUNE for Native RUNE as of June 16th at 2 p.m. MST and RUNE ERC-20 token holders as of June 9th, 2021.
   • Gitcoin, Aave, Compound, Uniswap, SushiSwap, Yearn, Alchemix, Balancer, Curve, Maker, BadgerDAO, 0x and 1inch users who had more than $1,500 worth of the respective project tokens as of June 9th, 2021 .
5. A total pool of 340,000,000 FOX has been allocated to the eligible users.
6. The claimable amount will decrease 10% from the original amount each day for 10 days after 90 days from the start of the airdrop date and the unclaimed tokens will be returned to the ShapeShift DAO after that period.
7. For more information regarding the airdrop, see this article.

How To Check ShapeShift Airdrop Is Real Or Fake

Checking the legitimacy of a crypto airdrop can be a bit tricky, as scammers often use sophisticated techniques to create fraudulent airdrop campaigns that appear to be legitimate. Here are some steps you can take to verify the authenticity of a crypto airdrop:

1. Official Website and Social Media: Visit the official ShapeShift website and their accounts on the official social networks (Twitter, Facebook, etc.) as a starting point. Watch for any airdrop-related announcements or updates. Legitimate airdrops are often publicized on the company’s official social media channels.
2. Email confirmation: Look for any contact from ShapeShift in your inbox. Registered users are frequently informed of legitimate airdrops through email. Make that the email address (for example, @shapeshift.com) corresponds to the official ShapeShift domain.
3. Awareness of Phishing: Be wary of phishing attempts. Check to be sure the emails and texts you receive are coming from reliable sources. Be on the lookout for phishing indicators like misspelled domain names, atypical email addresses, or dubious links.
4. Verify Posts on Social Media: Check the legitimacy of any airdrop announcements posted on ShapeShift’s official social media channels. To verify an account is legitimate on Twitter, look for the blue verification emblem.
5. Official Blog and Medium Posts: Check ShapeShift’s official blog and Medium page for any announcements pertaining to airdrops. On these venues, real airdrop details are frequently posted.
6. In summary, it’s important to conduct thorough research, verify the source and instructions, look for feedback from other users, and trust your instincts when evaluating the legitimacy of a crypto airdrop. By taking these steps, you can minimize the risk of falling for a fraudulent airdrop and protect your assets and personal information.

What are the risks of participating in an airdrop?

Before taking part in such cryptocurrency giveaways, it’s important to be informed of the hazards associated with airdrop participation. First off, airdrops frequently demand that you divulge personal information like your email address or wallet address, which may raise privacy issues. These details could also be used by con artists in phishing scams or other fraudulent schemes.

Second, the value of airdropped tokens may be extremely unpredictable and erratic. While some airdrops can give out tokens with a lot of potential, others might end up being useless or even a part of a fraud. Furthermore, getting airdropped tokens could have in tax consequences in some jurisdictions as they might be seen as taxable income.

ShapeShift Airdrop Roadmap

ShapeShift Airdrop Pros Or Cons

Pros of participating in an airdrop:

1. Zero-Commission Trading: ShapeShift provides zero-commission cryptocurrency trading, making it an affordable choice for consumers who want to trade cryptocurrencies without having to pay significant costs.
2. Self-Custody: ShapeShift gives users complete ownership over their cryptocurrency keys. As users are free to trust a third party with their assets, this improves security.
3. Eligibility for Airdrop: Various cryptocurrency holders, including those who use well-known DeFi platforms like Uniswap, SushiSwap, Yearn, Aave, and others, are eligible for the airdrop. This openness can draw in a wide range of users.

Cons of participating in an airdrop:

1. Limited Geographic Availability: Because ShapeShift’s services are hosted in the United Kingdom, users from other parts of the world may have fewer access options due to legal limitations or physical limitations.
2. Airdrop Restrictions: After 90 days from the commencement of the airdrop date, the FOX token’s claimable value is reduced by 10% each day. The potential benefits for latecomers may be diminished or some users may be discouraged from joining at this falling rate.
3. Lack of extensive Features: While ShapeShift’s simplicity may be a plus for certain users, it might not be suitable for traders looking for the extensive features and tools that other cryptocurrency exchanges offer.

ShapeShift Airdrop Final Verdicts

To sum up, ShapeShift stands out as a cutting-edge cryptocurrency trading platform that sets itself apart by providing zero-commission cryptocurrency trading and the essential benefit of self-custody for its consumers. ShapeShift.com offers a user-friendly interface that makes it easier to trade different cryptocurrencies, acquire cryptocurrency with fiat, keep track of portfolios, and ensure the security of digital assets. Users constantly maintaining control over their cryptographic keys is one of ShapeShift’s guiding principles, increasing the level of trust and security in the platform.

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