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    Frax Share

    FXS

    Rank #309

    $2.37

    -2.38%
    24H Low$2.31
    $2.4324H High

    About Frax Share (FXS)

    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.
    24H Volume
    $11.88 K
    All-Time High(ATH)
    $42.8
    All-Time Low(ATL)
    $1.5
    Market Cap
    $190.59 M
    Fully Diluted Valuation
    $235.84 M
    Market Cap/FDV
    80.81%
    Circulating Supply
    80.55 M FXS
    Total Supply
    99.68 M FXS
    Max Supply
    99.68 M FXS
    Market Sentiment
    Neutral
    * Data from 3rd parties

    Frax Share (FXS) Price Trends

    Time period
    Change amount
    % Change
    1H
    $-0.001897
    -0.080%
    24H
    $-0.05778
    -2.38%
    7D
    $+0.023
    +0.98%
    30D
    $-1.77
    -42.82%
    1Y
    $-3.91
    -62.29%

    Credibility Indicators

    80.85

    Reliability Score

    Rank #1

    # 667

    Percentile

    TOP 5%

    Team Members

    Sam Kazemian

    Sam Kazemian

    Founder

    Stephen Moore

    Stephen Moore

    Co-Founder

    Jason Huan

    Jason Huan

    Co-Founder

    Travis Moore

    Travis Moore

    CTO,Co-Founder

    Investors

    ExNetwork Capital

    ExNetwork Capital

    Live Frax Share (FXS) Price Update

    Frax Share price today is $2.37 with a 24-hour trading volume of $11.88 K, and as such Frax Share has a market cap of $190.59 M, giving it a market dominance of 0.0086%. The Frax Share price moved -2.38% in the last 24 hours.

    Frax Share reached its highest price on 2022-01-12 when it was trading at its all-time high of $42.8, while its lowest price was recorded on 2021-06-25 when it was trading at its all-time low of $1.5. The current lowest price since the last cycle high was $1.5, and the highest price since the last cycle low was $42.8. The social sentiment of Frax Share is currently Neutral.

    The current circulating supply of Frax Share is 80.55 M FXS. In terms of market cap, Frax Share is currently ranked 309.

    FAQs

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    Frax Share Tokenomics

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    Frax Share Analysis

    Date
    Market Cap
    Volume
    Open
    Close
    2024-07-12$189.63M2.35 FXS$2.35N/A
    2024-07-11$193.59M2.41 FXS$2.41$2.35
    2024-07-10$192.58M2.4 FXS$2.4$2.41
    2024-07-09$197.08M2.45 FXS$2.45$2.4
    2024-07-08$192.33M2.39 FXS$2.39$2.45
    2024-07-07$196.74M2.45 FXS$2.45$2.39
    2024-07-06$193.04M2.4 FXS$2.4$2.45
    2024-07-05$180.22M2.24 FXS$2.24$2.4