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Frax Share PriceFXS

Rank #304

About Frax Share (FXS)

Contract

0

0x3432b6a...9d9c964d0

Explorers

etherscan.io

Website

frax.finance

FraX Finance (FraX for short), formerly known as decentral bank, is a fractional algorithm stable currency protocol. FraX is an open source, unauthorized, and fully chained protocol. It is currently running on Ethereum (cross chained operation may be realized in the future). The ultimate goal of FraX protocol is to provide a highly scalable and decentralized algorithm currency to replace fixed supply digital assets such as BTC. FraX is a stable currency, with a target of about $1 / currency. FraX shares (FXS) is a governance token that accumulates fees, seizure income, and excess collateral value. FraX (FraX) is a partially algorithmic stable currency, whose supply is partly supported by collateral and partly algorithmic stable. The ratio of collateral depends on the market price of FraX stabilization currency. If the trading price of FraX is higher than US $1, the agreement will reduce the collateral ratio. If the trading price of FraX is less than US $1, the agreement will increase the collateral ratio. FraX share (FXS) is the unstable erc-20 governance token of FraX, and has the following use cases: Governance: granting the token holder governance rights to add / adjust the mortgage asset pool, setting the coinage / redemption fee, and changing the update rate of the mortgage rate. Mortgage: mortgage in various pools to earn rebate at the inclined annualized rate of return. Casting and Redemption: FXS will be destroyed when casting FraX, and FXS will be cast when redeeming FraX. Rewards: users who deposit uniswap LP tokens into an incentive pool can receive FXS rewards. In the initial stage, FraX is pledged at a proportion of 100%, which means that the forging of FraX only needs to put the collateral into the coin contract. In the partial mortgage stage, the foundry FraX needs to provide an appropriate proportion of collateral and destroy FXS.

Frax Share (FXS) Price Trends

24H High$1.76
24H Low$1.51
24H Volume$274.97K
Market Cap
$152.99M
All-Time High(ATH)$42.80
Circulating Supply
88.23M FXS
All-Time Low(ATL)$1.26
Total Supply
99.68M FXS
Market Cap/FDV
88.51%
Max Supply
99.68M FXS
Fully Diluted Valuation
$172.84M
Market SentimentPositive

Live Frax Share (FXS) Price Update

Frax Share price today is $1.73 with a 24-hour trading volume of $274.97K, and as such Frax Share has a market cap of $152.99M, giving it a market dominance of 0.0059%. The Frax Share price moved +11.22% in the last 24 hours.

Time period
Change amount
% Change
1H+$0.01903+1.11%
24H+$0.1749+11.22%
7D+$0.178+11.44%
30D-$0.09607-5.25%
1Y-$7.39-81.01%

Credibility Indicators

83.31
Reliability Score
PercentileTOP 5%

Popular FXS Exchanges

Team Members

S
Sam KazemianFounder
S
Stephen MooreCo-Founder
J
Jason HuanCo-Founder
T
Travis MooreCTO,Co-Founder

Investors

E
ExNetwork Capital

FAQ

What determines the price movement of Frax Share (FXS)?

What is the highest price of Frax Share price in history?

What is the lowest price of Frax Share price in history?

What is the current market cap of Frax Share?

How many Frax Share are there in the market?

What is the maximum supply of Frax Share?

What is the fully diluted market cap (or FDV) of Frax Share?

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Is Frax Share a good investment?

How to buy Frax Share?

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