Frax Share
FXS
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Frax Share price
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About Frax Share
FXS (Frax Share) is the governance token of the Frax ecosystem, a decentralized finance (DeFi) protocol specializing in stablecoins. Frax is unique because it combines algorithmic and collateral-backed mechanisms to maintain the stability of its flagship stablecoin, frxUSD. FXS holders can participate in governance decisions, stake their tokens to earn rewards, and benefit from the protocol's revenue-sharing model. The project focuses on transparency, security, and sustainable yield generation, making it a trusted choice for users exploring stablecoin innovations in DeFi.
AI insights
Frax Share’s recent prices
Past year
-100.00%
$3.84
3 months
-100.00%
$2.08
30 days
-100.00%
$0.85
7 days
-100.00%
$0.66
Frax Share performance
$0.00
Frax Share price today
Frax Share price today is $0.00, marking a -3.84% over the past 24 hours. On OKX, today’s Frax Share trading volume reached --, worth over $1.70M.
$11
Frax Share all-time high
Frax Share achieved its all-time high price of $11 on Jul 6, 2023, (UTC+8). At today's price of $0.00, Frax Share price is now -100.00% lower than its historic high.
$0.00
Frax Share in USD
The current Frax Share to USD conversion rate is $0.00 per Frax Share.
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Learn more about Frax Share (FXS)
What's Frax Share?
Frax Share (FXS) is a governance and utility token for the Frax Protocol, a decentralized stablecoin system. It addresses the need for a stable digital currency by maintaining a partially algorithmic and partially collateralized stablecoin, Frax. FXS holders can participate in governance decisions, influencing protocol changes and improvements. The primary use case is to stabilize the Frax stablecoin and provide governance rights to its holders.
How does Frax Share work?
Frax Share operates on the Ethereum blockchain, utilizing smart contracts to manage its stablecoin system. It employs a unique fractional-algorithmic model, where the Frax stablecoin is partially backed by collateral and partially stabilized algorithmically. The protocol uses a combination of collateralized assets and algorithmic mechanisms to maintain the stablecoin's peg. Ethereum's proof-of-stake consensus ensures network security and transaction validation.
What's the total supply of Frax Share?
Frax Share has a total supply of 100 million tokens. The circulating supply varies as tokens are minted or burned based on the protocol's needs. The tokenomics involve a deflationary mechanism where FXS is burned to stabilize the Frax stablecoin, reducing the supply over time. This mechanism aims to balance supply and demand, supporting the stablecoin's value.
What determines Frax Share's price?
The price of Frax Share is influenced by its utility in the Frax Protocol, demand for governance participation, and the overall network usage. Market sentiment, including investor confidence in the protocol, also plays a role. Regulatory changes can impact its adoption and price, while competition from other stablecoin projects may affect its market position. No price predictions are made.
Pros and cons of Frax Share
- Pros:
- Provides governance rights in the Frax Protocol
- Supports a unique stablecoin model
- Deflationary tokenomics can enhance value
- Cons:
- Dependent on the success of the Frax stablecoin
- Regulatory changes may impact usage
- Competition from other stablecoin projects
How do I store my Frax Share?
Users can acquire Frax Share on exchanges like OKX, where it is supported. It can be stored in Ethereum-compatible wallets, ensuring private keys are secure to prevent unauthorized access. FXS is used for governance voting and can be staked within the protocol. Always be cautious of phishing attempts and verify the jurisdictional availability of FXS, as it may vary by region.
Guides
Find out how to buy Frax Share
Getting started with crypto can feel overwhelming, but learning where and how to buy crypto is simpler than you might think. Kickstart your journey on the OKX mobile app, or right here on the web.
Predict Frax Share’s prices
How much will Frax Share be worth over the next few years? Check out the community's thoughts and make your predictions.
View Frax Share’s price history
Track your Frax Share’s price history to monitor your holdings’ performance over time. You can easily view the open and close values, highs, lows, and trading volume using the table below.
Frax Share on OKX Learn
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Frax Share FAQ
Frax Share can offer strong returns, but is also subject to market volatility. Whether it’s a good investment depends on your risk tolerance, goals, and market conditions. Frax Share’s price can be influenced by various factors such as adoption, regulation, technological advancement, and overall market sentiment. Always do your own research before buying Frax Share and never buy more than you can afford to lose. This content is for informational purposes only and isn’t financial advice.
To buy Frax Share at a low price, monitor the market closely and use tools like price alerts and technical indicators to keep you updated on price trends. Always do your own research and use secure platforms. This content is for informational purposes only and isn’t financial advice.
Depending on where you’re located, you can use bank transfer, credit/debit card, or Peer-to-Peer. Read our guide on how to use these different payment methods to buy Frax Share FXS safely on a trusted exchange like OKX.
Currently, one Frax Share is worth $0.00. For answers and insight into Frax Share's price action, you're in the right place. Explore the latest Frax Share charts and trade responsibly with OKX.
To read this Frax Share price chart, hover over or click on the time period you want to view. Hover over the chart to view the corresponding price, displayed in your local currency.
Yes, Frax Share’s price is updated in real-time on our Frax Share price page. You can view the current price and historical price data here at all times.
Countries and regions differ on how digital assets transactions and holdings are taxed and how they view digital assets in general (money, property, commodity). In general, it is expected that you will pay capital gains tax when selling or swapping Frax Share FXS. Refer here for a more detailed guide.
Staking and earning rewards with Frax Share are subject to local restrictions. Log in or sign up to view products available in your country, region, or state of residence.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice.
OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
Market cap
$40.03M
Circulating supply
95.4M / 99.68M
All-time high
$11
24h volume
$1.70M
Rating
2.9 / 5
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