Frax

Name:Frax
Symbol:FRAX
Avg Price:$0.995804
Date Launched:2020-12-20
Market Pairs:711
Maximum Supply:0
Total Supply:649433400
Circulating Supply:649433400
Infinte Supply:No

About

FRAX is a stablecoin that was launched in December 2020. It is unique in that it is not backed by a single asset, such as the US dollar or gold, but rather by a basket of assets that includes US dollars, Ethereum, and other stablecoins. This diversification helps to reduce the risk of volatility and maintain the stability of the coin. FRAX is also designed to be decentralized, meaning that it is not controlled by any central authority or government. Instead, it is governed by a community of users who hold FRAX tokens and participate in decision-making through a decentralized autonomous organization (DAO).

One of the key benefits of FRAX is its ability to maintain a stable value over time. This makes it an attractive option for those who want to use cryptocurrency for everyday transactions, as well as for those who want to hold a stable asset as a store of value. Additionally, because FRAX is decentralized, it is not subject to the same risks as traditional fiat currencies, such as inflation or government intervention. This makes it a potentially valuable addition to any cryptocurrency portfolio.

Online Information

Website:

https://frax.finance

Explorers:

https://etherscan.io/token/0x853d955acef822db058eb8505911ed77f175b99e
https://bscscan.com/token/0x90C97F71E18723b0Cf0dfa30ee176Ab653E89F40
https://ftmscan.com/token/0xaf319E5789945197e365E7f7fbFc56B130523B33
https://avascan.info/blockchain/c/token/0xDC42728B0eA910349ed3c6e1c9Dc06b5FB591f98
https://moonscan.io/token/0x1a93b23281cc1cde4c4741353f3064709a16197d

Technical Documents:

https://docs.frax.finance/overview

Source Code:

https://github.com/fraxfinance

Twitter:

https://twitter.com/fraxfinance

Chat:

https://t.me/fraxfinance

Price Percent Change by Previous Days

Contact

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