Dilara Rinatovna

Trading View

Shapeshift has a rather simple trading view in contrast with other online exchanges. Once you enter, you will see an exchange box where you can easily trade between your favourite trading pairs, as well as a few trading settings such as maximum tolerance for price slippage. On the right, you will find a section outlining your trade history, dashboard, and the charting interface showing recent price trends for BTC, ETH, USDC, and FOX, ShapeShift’s native token. The exchange does not have advanced tools, making it less suitable for avid traders, but better suited to beginners.

For buying, sending or receiving crypto, three options are located in the upper left corner. Each option consists of a simple order box. ShapeShift is non-custodial, so you will have to create or connect an existing wallet to use its services – a welcomed addition for user security.

buy crypto

Trading and Withdrawal Fees

ShapeShift exchange does not charge any fees apart from the costs incurred by transactions validators. However, they do have their own exchange rate for each pair, which changes every thirty seconds according to market trends, meaning that it can climb up to above-average on some occasions. Users looking for better rates must know that FOX holding does entail lucrative incentives.

The platform does not charge any fees for deposits and withdrawals, thanks to their non-custodial nature, but users must pay the miner fee associated with each crypto pair being transacted.

ShapeShift exchange fees

Deposit and Withdrawal Methods

Currently, ShapeShift exchange does not support any fiat currencies, so it is a crypto-only exchange. A fiat on-ramp is available via the exchange’s Banxa partner, accessible upon clicking on the ‘Buy Crypto’ option. In doing so, users can purchase a series of cryptocurrencies using debit cards and credit cards.

ShapeShift does not disclose information regarding transaction limits, but some users report it stands at $10,000 per transaction and $50,000 per month.

Supported Cryptocurrencies and Countries

Due to its no-fiat money policy, ShapeShift is able to allow users from all around the world to use its interface. It restricts users from specific regions from buying crypto via fiat, but also from using the mobile app. Among those restricted regions are Afghanistan, Syria, China, and some US states, such as New York, Kansas, and Hawaii.

ShapeShift exchange supports over 100 cryptocurrencies, including, but not limited to Bitcoin (BTC), Ether (ETH), Ethereum Classic (ETC), Dogecoin (DOGE), Litecoin (LTC), Monero (XMR), and XRP.

Understanding the FOX Token

The FOX Token is ShapeShift’s own ERC20 native token. By verifying their accounts, users receive 10 FOX Tokens which allows them to access $100 zero-commission trade volume per month, which replenishes every 30 days. Nevertheless, users with no FOX tokens available in their active wallets are still subjected to the standard rates.

For every exchange, ShapeShift shows FOX-holding users how much more they were able to receive due to their holdings. On the other hand, users who do not have FOX available in their wallets will see how much more they could have received if they had.

ShapeShift active users earn FOX Tokens for every $1,000 they trade. The platform has also referral programs, allowing users to bring friends to the platform. In doing so, 10 FOX tokens are rewarded, alongside 10 extra for every $1,000 the referral trades with.

FOX Token

Inside the Rainfall ShapeShift Rewards

Users who hold FOX Tokens are also eligible for Rainfall Rewards. This program offers customers the opportunity to win prizes in USDC everytime an exchange is made via the platform. Those who have more FOX Tokens in their wallet have higher chances of winning, further incentivising FOX ownership. Rainfall Rewards winners are announced in the activity board, with over $50K in rewards reportedly given every month.

ShapeShift Rewards

DEX Trade on ShapeShift Mobile

Earlier this year, the company announced its plan to start providing decentralized and cross-blockchain trading services through its DEX-powered mobile app.

The interface makes use of the THORchain, an aggregator that facilitates the swapping of non-ERC20 tokens via DEX. Basically, customers are able to trade with any currency as long as there is sufficient available liquidity.

How to use ShapeShift Exchange

Creating an account

To create an account, click on the “Get started” button right at the middle of the home screen. Then enter your email and a secure password. A confirmation email will be sent to your inbox.

ShapeShift verification

API

ShapeShift was primarily intended to be used as an API. In order to integrate with ShapeShift, all API partners are required to implement oAuth and sign up with ShapeShift’s membership programs. Once the partner’s membership has been approved, partners must open a ticket with its support team, where the applicant must enter details pertaining to their project. Once the process is successfully completed, ShapeShift will generate all the necessary information and keys.

Security Protocols

Perhaps one of the most important aspects crypto traders consider when choosing an exchange is security. Although ShapeShift exchange has a good standing within the crypto industry,, it has found itself in the eye of several security incidents which included a system-wide hack of in 2016. Users reported over $200K in funds stolen, with the attack being conducted by a ShapeShift rogue employee. Since then, the platform has reformed its security practices, rebuilding their entire protocol.

Nowadays, ShapeShift’s non-custodial protocol allows users to be in total control of their holdings, securing funds in the case of another attack.

Bottom Line

ShapeShift’s value proposition is clear – the facilitation of seamless trading for crypto beginners. It does lack advanced charting and trading tools that would’ve helped it differentiate itself from other competitors in the same league. Fortunately, its FOX-based incentives do make it worthwhile for loyal customers, in spite of not providing an in-platform fiat on-ramp.

In 2017, Kyle Samani and Tushar Jain decided to start a hedge fund for cryptocurrencies. Neither one of them had held an investing job before, let alone run a fund of their own. They had not worked at one of the sector’s budding startups nor built a protocol. They were not friends with Vitalik Buterin or Gavin Wood or some other crypto luminary who might have walked them into buying Ethereum at its public offering price. Their names meant nothing, and with the exception of a few clever personal investments beginning in 2016, they had little record to suggest they were suited to the endeavor at hand. They were, in short, crypto outsiders.

It has proven to be their greatest weapon. While Samani and Jain may not have had the bonafides of a tenured manager or the expertise of a blockchain builder, they brought formidable gifts to bear, not least a willingness to question the status quo. Even a space as novel and fluid as crypto in 2017 had sacred cows and accepted wisdom. With no preconceptions to cherish or cliques to guard, Samani and Jain could hone their investing acumen with few biases, conducting deep research and reasoning from first principles.

The result is a portfolio that looks starkly different to almost any other firm of its era. Today, Multicoin is not just a viable participant in the crypto investing landscape but one of its dominant forces. It has earned its formidable reputation by making concentrated, non-consensus bets into massive winners like Solana, The Graph, Helium, and others. It is high-conviction, contrarian investing at its best.

Achieving such returns has not been easy. Not only have several of Multicoin’s best investments been close to collapse at various points, the firm itself has weathered negative performance and brutal market shocks. Some of its highest-profile investments, like EOS, have ended in ignominious failure. And yet, Samani and Jain have outperformed their peers, producing returns that may very well be historic.

In today’s piece, we’ll unpack what makes Multicoin special, touching on:

Unlikely origins. Kyle Samani’s first business involved building apps for the ill-fated Google Glass device. Tushar Jain also started a company that failed to pan out.

Thinking in public. Without an established investing track record, Samani and Jain built a reputation through their thoughtful writing on the crypto space.

LPs’ assessments. Those that invested in Multicoin’s early vehicles saw more than just two intelligent, hungry investors. They saw an idiosyncratic strategy with asymmetric upside.

Strategic shifts. Though Multicoin began as a US hedge fund, it has expanded its mandate over time.

Four bets. Multicoin’s personality as a fund can be best understood by looking at a quartet of investments, three of which were massive winners. One was a disaster.

Returns and reputation. Investors may be mostly judged by their financial returns, but reputation among founders may be the more important leading variable.

This morning, Redmi brought the official unboxing of the Note 11T Trend Limited Edition.

As shown in the figure, the Redmi Note 11T Trend Limited Edition uses a platinum embossing process, and the complex texture is clearly depicted on the back of the fuselage. It has a very strong sense of design and is the most recognizable Redmi phone.

The most recognizable Redmi mobile phone Note 11T trend limited edition is here: 2499 yuan

Not only the appearance design, but the Redmi Note 11T trend limited edition has also been customized on the system, using the Astro Boy theme, with its own lock screen interface, wallpaper, charging animation and icons.

The most recognizable Redmi mobile phone Note 11T trend limited edition is here: 2499 yuan

In addition, the manuals of the Redmi Note 11T trend limited edition have Astro Boy elements, and the comic-style manuals are worth collecting.

Moreover, the Redmi Note 11T trend limited edition also comes with an exclusive mobile phone case, which adopts a hollow design to fully reveal the Astro Boy elements, and the protective case also protects the camera of the mobile phone.

It is reported that the Redmi Note 11T trend limited edition will be officially released on June 18, priced at 2499 yuan (8GB+256GB).

In terms of core configuration, the Redmi Note 11T Trend Limited Edition uses a 6.6-inch mid-hole full screen with a resolution of 2460×1080 and a refresh rate of 144Hz. And 2 million macro three cameras, front 16 million pixels, battery capacity of 4400mAh, support 120W second charge.

There are only 10,000 units of this machine in the world, grab it and earn it.

Purchase link: Jingdong (2499 yuan)

Quick Facts

Name: Ingenuity

Main Job: A technology demonstration to test the first powered flight on Mars. The helicopter rode to Mars attached to the belly of the Perseverance rover.

Launch: July 30, 2020, Cape Canaveral Air Force Station, Florida

Landed: Feb. 18, 2021, Jezero Crater, Mars

Length of Mission: Technology demonstration complete; transitioned to new operations demo phase

Taking Flight on Another World

Mars Helicopter with Perseverance rover in the background

The Mars Helicopter, Ingenuity, is a technology demonstration to test powered, controlled flight on another world for the first time. It hitched a ride to Mars on the Perseverance rover. Once the rover reached a suitable "airfield" location, it released Ingenuity to the surface so it could perform a series of test flights over a 30-Martian-day experimental window.

The helicopter completed its technology demonstration after three successful flights. For the first flight on April 19, 2021, Ingenuity took off, climbed to about 10 feet (3 meters) above the ground, hovered in the air briefly, completed a turn, and then landed. It was a major milestone: the very first powered, controlled flight in the extremely thin atmosphere of Mars, and, in fact, the first such flight in any world beyond Earth. After that, the helicopter successfully performed additional experimental flights of incrementally farther distance and greater altitude.

With its tech demo complete, Ingenuity transitions to a new operations demonstration phase to explore how future rovers and aerial explorers can work together.

5 Things to Know

1) First test of powered flight on another planet.

2) Built to be light and strong enough to stow away under the rover while on the way to Mars, and survive the harsh Martian environment after arriving on the surface. The helicopter weighs less than 4 pounds (1.8 kilograms).

3) Powerful enough to lift off in the thin Mars atmosphere. The atmosphere of Mars is very thin: less than 1% the density of Earth's.

4) The helicopter was designed to fly for up to 90 seconds, to distances of almost 980 feet (300 meters) at a time and about 10 to 15 feet from the ground. That's no small feat compared to the first 12-second flight of the Wright Brothers' airplane.

5) The helicopter flies on its own, without human control. It must take off, fly, and land, with minimal commands from Earth sent in advance.