Frax Finance (Frax for short), original Decentral Bank, is the world’s first fractional-algorithmic stablecoin protocol. Frax is open-source, permissionless, and entirely on-chain – currently implemented on Ethereum and other chains. The end goal of the Frax protocol is to provide a highly scalable, decentralized, algorithmic money in place of fixed-supply digital assets like BTC. FRAX is the stablecoin targeting a tight band around $1/coin Frax Shares (FXS) is the governance token which accrues fees, seigniorage revenue, and excess collateral value.
Full name: Frax Share
Token symbol: FXS
Issue date: December 21, 2020
Total supply: 100,000,000
Circulating supply: 7,242,444
Token unit: FXS
Official website: https://frax.finance/
White paper: https://docs.frax.finance/overview
Blockchain explorer: https://etherscan.io/token/0x3432b6a60d23ca0dfca7761b7ab56459d9c964d0
Disclaimer: this introduction derives from the white paper and other official information released by the official project team so that investors can better understand the token and the corresponding project. The content of this paper is obtained through legal channels to ensure the reliability, accuracy and completeness of the information as far as possible, but the accuracy and completeness of the information mentioned in the report are not completely guaranteed. The content of this paper cannot be used as the basis for investment research decisions, moral, responsibility and legal basis or evidence, whether explicitly or implicitly.