Coinbase Ventures and Chapter One Take Significant Share of ShapeShift DAO's New FOX Success Tokens
DENVER and NEW YORK, March 24, 2022 /PRNewswire/ -- ShapeShift DAO, a decentralized, non-custodial cryptocurrency platform, and UMA, an Optimistic Oracle that validates data for Web3 protocols, announced today the strategic investment by Coinbase Ventures and Chapter One in a significant portion of the ShapeShift DAO's recently minted FOX Success Tokens. These investments mark a marquee mobilization of Success Tokens in general, and the FOX Success Token in specific, with large, stable investment organizations.
- These investments mark a marquee mobilization of Success Tokens in general, and the FOX Success Token in specific, with large, stable investment organizations.
- "We're honored to have strategic investors Coinbase Ventures and Chapter One aligned with the success of ShapeShift DAO," said Willy Ogorzaly, head of decentralization for the ShapeShift DAO.
- "We believe Success Tokens are a unique way to align incentives and ensure that we are supporting ShapeShift in their growth.
- The Strike Price for the Fox Success Token is $0.8 FOX/USD, and each Success Token is backed by 2 FOX.