Frax
frax
#158
$1.00
0.58% (1d)Market Cap
$648.2M
BTC Price
$0
FDV
$650.1M
Vol24h
$27.9M
Circulating Supply
649.4M frax
Total Supply
-
Info
-
Website
Website Whitepaper -
Community
-
Algorithm
N/A
-
Proof Type
N/A
-
Block Reward
0
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All Time High
$1.14
-
ATL Date
02/07/2021
The current price of Frax is $1.00 in USD. As of now, a total of 649.4M frax are in circulation across the market. Frax has experienced a price change of 0.58% in past 24 hours. To explore more cryptocurrencies, please visit here. messages.Over the past 24 hours, Frax trading volume on crypto exchanges has reached $27.9M.
Description
Frax (FRAX) is a stablecoin with a fractional-algorithmic stability mechanism. The open-source Frax protocol offers scalability, decentralization, and on-chain transactions. It addresses issues in existing stablecoin protocols by combining collateralization and algorithmic design. Frax stablecoin (FRAX) is the liquidity pool token, redeemable for traditional currency, while Frax Shares (FXS) serves as the governance token. The protocol accepts various collateral types and promotes stability. Sam Kazemian, with support from Stephen Moore, founded Frax in 2019.
frax Markets
| # | Exchange | Pair |
|---|---|---|
| 1 |
Bitrue
|
fraxUSDT |
| 2 |
LATOKEN
|
fraxUSDT |
| 3 |
Poloniex
|
fraxUSDT |
frax News
At this time, there are no updates to share. We will keep you informed as soon as there is any news
