Frax Share FXS
$4.5959 0.88%
Latest Updates
Updated at 03:19$364,939,905.55
#187
$15,208,391.56 38.05%
-$0.04048 0.88%
+$0.32662 7.11%
What about Frax Protocol?
FXS is a cryptocurrency based on the Frax Protocol, which is the world’s first fractional algorithmic stablecoin ecosystem. It seeks to provide users with ways to access scalable, algorithmic, decentralized money that could replace cryptocurrencies like BTC. “Fractional algorithmic” means that both collateral and algorithms back it. The ratio of the supply backed by either method depends on the asset’s price. The project is fully permissionless and open source and exists entirely on-chain. Frax uses a dual-token system, with FRAX the stablecoin and FXS the utility token.
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+$0.00603 61.17%
+$0.34178 36.73%
+$0.01976 28.37%
+$0.0005 26.40%
+$23.403 17.09%
+$0.01705 16.22%
+$0.0002 15.35%
+$0.02985 13.39%
+$0.0416 12.55%
+$0.1177 12.10%
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