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Frax Share (FXS)

€ 2,15

11,58 % € 0,25
24h 1w 1m 1y All

Frax Share Price in Euros

(FXS to EUR)

€ 2,15

Frax Share Volume

(24h)

€ 12.56 M

Market Cap

(Frax Share)

€163.06 M
BTC

What is Frax Share

Frax Protocol is the world's first fractional-algorithmic stablecoin system. It is an open-source, permissionless, and fully on-chain protocol built on Ethereum, with potential future cross-chain implementations. The main aim of the Frax Protocol is to offer a highly scalable, decentralized, and algorithmic currency instead of fixed-supply digital assets like BTC. The protocol introduces the concept of Fractional-Algorithmic, where the supply of the FRAX stablecoin is backed by collateral and algorithmic factors, depending on the market's pricing of FRAX.

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How does Frax Share work?

Frax Protocol leverages a unique fractional-algorithmic design to maintain its stability. If the price of FRAX is above $1, the protocol decreases the collateral ratio, meaning more algorithmic supply is utilized. On the other hand, if the price of FRAX is below $1, the protocol increases the collateral ratio, securing a larger portion of the supply with collateral. This dynamic adjustment ensures the stability of FRAX around $1.

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How to buy Frax Share?

It is possible to buy FRAX on Coinmerce, a leading cryptocurrency exchange. Simply select FRAX, choose your preferred payment method, and receive FRAX tokens in your wallet.

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How to buy Frax Share?

If you want to purchase FRAX (FRAX), you can conveniently do so at Coinmerce using iDeal, a popular Dutch payment method. After logging in to your account, navigate to the "Coins" section in the top menu. If you don't see FRAX listed, use the search function to find it and click on the FRAX coin. On the right side, specify the amount of Euros you wish to invest in FRAX. The corresponding amount of FRAX tokens will be displayed. Once you have entered the correct amount, click on "Buy."

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About Frax Share

Frax Protocol is an innovative and community-driven stablecoin project that offers a new category of stablecoins called fractional-algorithmic. Unlike traditional stablecoins that are either fiat collateralized, overcollateralized with cryptocurrency, or algorithmic with no collateral, Frax combines both collateral and algorithmic mechanisms. This unique design provides stability while offering the advantages of scalability and decentralization. The Frax Protocol was conceptualized by Sam Kazemian, a prominent American software developer, in 2019. He recognized the need for a stablecoin that combines algorithmic monetary policies with collateralization. With the support of the Frax engineering team, including Travis Moore and Jason Huan, the protocol was launched in November 2020. Frax Share (FXS) is the governance token of the Frax Protocol. Holders of FXS have the power to participate in the decision-making process of the protocol, influencing its future development and direction. The token also accrues value from fees, seigniorage revenue, and excess collateral, providing potential compensation for holders. With a hard cap of 100 million tokens and no inflation schedule, FXS represents ownership and governance rights within the protocol. In conclusion, the Frax Protocol introduces a new era of stablecoins with its fractional-algorithmic design and community-oriented approach. It aims to revolutionize the digital currency space by offering a scalable, decentralized, and algorithmic currency alternative.

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Rank 197
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Market Cap 163.06 M
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Trading volume 12.56 M
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Maximum coins 99.68 M
euro
Circulating 89.92 M
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