ShapeShift will now help cover your gas costs on trades by reimbursing you with FOX.
Gas fees can be expensive when using DEXes to trade. The ShapeShift solution should ease that burden a bit.
ShapeShift does not control these gas fees (they depend on market demand for the Ethereum network), but FOX Tokens now have the added power of helping you pay for gas when you trade on ShapeShift.
10% of the value of your FOX Tokens can be repaid to you each month for gas costs on trades. With enough FOX Tokens, this can potentially offset all of your gas costs on trades. FOX Fuel replenishes 30 days after its used. (while also earning more FOX when you trade!).
It works like this: 10 percent of the current market value of your FOX Tokens, as determined by CoinCap.io at the time of trade, can be repaid to you every 30 days in additional FOX Tokens to help reimburse you for gas costs on trades. So, if you have $50 worth of FOX, then you can get $5 worth of FOX Tokens reimbursed each month for gas fees on your trades. If you have $550 of FOX, you can get reimbursed $55 each month for gas fees on your trades (and so on). The FOX Fuel reward is calculated and rewarded when the trade is completed, and the benefit refreshes 30 days after each trade.
Since we charge no commissions, provide you with FOX Tokens on every trade, and help pay gas fees, trading with ShapeShift gives you more value than trading directly with a DEX. Stated differently, it is now always better to trade through ShapeShift than directly through a DEX.
If you have questions about your FOX Fuel, please reach out to our team for further assistance!