|Market Cap||$ 668.6M|
|Volume 24h||$ 55.1M|
The current trading price of Frax Share (FXS) is $ 8.87. Please note that this price is continuously changing and may be different at the time of your transaction.
Frax Share (FXS) is a decentralized reserve-backed stablecoin that is algorithmically managed. It aims to provide a highly scalable, decentralized method for stablecoin users to transact without trust. The system utilizes a unique design where the valuation of FXS is divided into two: Frax, the algorithmic portion, and Frax Share (FXS), which acts as a capital buffer.
Frax Share (FXS) was created by an anonymous team of developers. Their motivation was to build a decentralised, collateral-backed stablecoin system that is robust, highly scalable, and doesn't rely on trust.
Frax Share stands out from other cryptocurrencies due to its algorithmic design and the way it forms part of the two-token system used in the Frax protocol. While most cryptocurrencies have a fixed supply, the supply of FXS is dynamically adjusted through burn/mint mechanisms to keep the protocol in equilibrium.
As of this writing, the circulating supply of FXS is 75.4M.
In the past 24 hours, the price of Frax Share (FXS) has increased by +8.03%.
Frax Share (FXS) can be purchased on BitMax, BigONE, Bitkub, BitMart, Huobi. These exchanges are known for their security measures and have been used by the cryptocurrency community for many years. However, users should always exercise caution when trading cryptocurrencies to protect their assets.
After purchasing your Frax Share (FXS), you can store them in a digital wallet that supports this type of cryptocurrency. Digital wallets come in many forms and can be online, mobile, or hardware-based. Always remember to secure your private keys and backup your wallet to protect your FXS from potential theft or loss.