Market Data & Token Stats
| Fully Diluted Valuation | $46.55M |
|---|---|
| 24H Trading Volume | $1.51M |
| 24H Low / High | $0.4657 / $0.4836 |
| Circulating Supply | 95.47M |
| Total Supply | 99.68M |
| Max Supply | ∞ |
Key Project Information
| Categories | Decentralized Exchange (DEX) 25 more |
|---|---|
| Founder | Sam Kazemian 2 more |
| Website | frax.finance Whitepaper |
| Socials | 1 more |
| Chains | Ethereum Ecosystem 10 more |
| Explorer | Ftmscan 8 more |
| Contracts |
0x343....964d0
10 more
|
OGAudit Security Evaluation & Social Audit Metrics
OGAudit Coin Evaluation Metrics
Frax (prev. FXS) (frax) Expert User Reviews
Is Frax (prev. FXS) safe or a scam? Read verified Crypto OG reviews about Frax (prev. FXS)
$frax Markets
| Name | Pair | OG Score |
|---|
About Frax (prev. FXS)
Frax Protocol: Revolutionizing Stablecoins with Fractional-Algorithmic Design
The Frax Protocol is pioneering a new era of stablecoins with its fractional-algorithmic approach, aiming to provide a highly scalable, decentralized, algorithmic alternative to fixed-supply digital assets like Bitcoin. Launched on Ethereum, with possible cross-chain implementations in the future, Frax is open-source, permissionless and entirely on-chain.
Unique Stablecoin Model
At the heart of the Frax Protocol is its unique stablecoin, FRAX, which is partially backed by collateral and partially stabilized by algorithms. The protocol dynamically adjusts the ratio of collateralized and algorithmic supply based on the market price of FRAX. If FRAX trades above $1, the protocol reduces the collateral ratio and if it trades below $1, the collateral ratio increases.
Governance and Utility
The Frax ecosystem also features Frax Shares (FXS), the governance token that accrues fees, seigniorage revenue and excess collateral value. FXS holders have management rights, including adding/adjusting collateral pools and setting commissions.
A New Category in Stablecoins
One of Frax's key innovations is its classification as a fractional-algorithmic stablecoin, a new category in the stablecoin space. Unlike fiat collateralized, overcollateralized with cryptocurrency and algorithmic stablecoins with no collateral, Frax combines both collateralization and algorithmic stabilization, offering a unique value proposition.
Founding Team and Community Engagement
Founded by American software developer Sam Kazemian in 2019, Frax Protocol's team includes Travis Moore and Jason Huan. The protocol has garnered significant community interest, with over 60% of the FXS supply issued to liquidity providers and yield farmers over time.
In conclusion, the Frax Protocol is reshaping the stablecoin landscape with its innovative fractional-algorithmic design. With its decentralized governance and unique stablecoin model, Frax is poised to become a leading player in the digital asset space.
What is unique about Frax (prev. FXS) (FRAX)?
Frax Share (FXS) stands out with its fractional-algorithmic stablecoin design, combining collateralization and algorithms for a flexible and decentralized approach to maintaining a USD peg.
Who are the founders of Frax (prev. FXS) (FRAX)?
American software developer Sam Kazemian, along with Travis Moore and Jason Huan, founded the Frax Protocol in 2019.
Where can I buy Frax (prev. FXS) (FRAX)?
You can buy Frax (prev. FXS) (FRAX) on Binance, Bybit, Gate.io, MEXC, Bitget cryptocurrency exchanges.
Information in this section carefully collected and curated from publicly available data from official sources, including the Frax (prev. FXS) Official Website, Frax (prev. FXS) Whitepaper, Frax (prev. FXS) GitHub Repository and Frax (prev. FXS) X (Twitter) Account.
The information presented on this page is created and published by the OGAudit Editorial Team for educational and informational purposes. It should NOT be construed as an endorsement, or as legal, or investment advice. If you believe any content on this page is outdated or incorrect, please feel free to contact us for updates and corrections.
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