Frax Share Price Live is at ₹194.25 | Buy (FXS) with CoinSwitch

What is Frax Share (FXS)?

Frax Share (FXS) is part of the Frax Protocol, a DeFi platform on Ethereum that offers the first partially collateral and partially algorithmic stablecoin, FRAX. The project was initially called Decentral Bank, when it first launched in May 2019. FXS serves as the native and governance token in the Frax ecosystem.

Primary features of Frax Share (FXS)

• Dual-token: Frax operates with two tokens, FRAX – a stablecoin, and FXS–the governance and value accrual token. FXS helps maintain the stability of FRAX.

• FXS token: FXS is the governance token of the Frax protocol that enables token holders to participate in staking, earn extra rewards, and vote on key decisions and protocol upgrades.

• Fractional-algorithmic stablecoin: FRAX is a unique stablecoin partially backed by collateral and partially stabilized algorithmically. FXS plays a crucial role in adjusting the collateral ratio.

• Community driven: Frax protocol is a community-driven project with over 60% of FXS tokens distributed to liquidity providers and yield farmers over time.

Is FXS a promising cryptocurrency?

FXS, the native token of the Frax Share ecosystem, has had a stable momentum since its launch. It is trading at $2.18 as of August 2024, ranked #248 in terms of market cap and ranked #229 in terms of trading volume, showcasing investor trading activity in FXS. The FXS token has the potential to fetch extensive returns for investors due to its innovative stablecoin and its role in the growing DeFi ecosystem. Analysts forecast that the FXS token is poised to trade at around $24 by 2030.

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How do I use FXS?

• FXS token holders can stake their tokens, earn staking rewards, and participate in the protocol’s revenue sharing.

• Token holders can participate in the network’s governance and play a role in shaping the protocol’s future.

• FXS plays a crucial role in adjusting the collateral ratio for FRAX stablecoin.

FAQ's on Frax Share

1. Is Frax Share coin secure?

Frax Share (FXS) is generally considered secure if its smart contracts are well-audited, the protocol design is robust, and the team is experienced. Always check for recent audits and updates for the latest security status.

2. How fast are Frax Share coin transaction?

Frax Share (FXS) transactions are typically as fast as the underlying blockchain it operates on. Since Frax Share is an ERC-20 token on Ethereum, its transaction speed is subject to Ethereum’s network performance, which averages around 15 transactions per second (TPS) but can vary based on network congestion. For faster transactions, users might consider using Layer 2 solutions or other blockchains that support Frax Share.

3. Has Frax Share coin price undergone market correction?

Yes, like most cryptocurrencies, Frax Share (FXS) has experienced market corrections. Cryptocurrency prices are highly volatile and subject to market fluctuations, which can lead to periods of rapid price changes, including corrections. For the most recent price trends and corrections, it’s best to check up-to-date market data on cryptocurrency exchanges or financial news platforms.

4. When was Frax Share coin launched?

Frax Share (FXS) was launched on December 15, 2020. This is when the Frax Protocol, which includes FXS as a key component, officially began its operations.

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What is Frax Share (FXS)?

Who founded Frax Share (FXS)?

Primary features of Frax Share (FXS)

Is FXS a promising cryptocurrency?

How do I use FXS?

Pros & Cons of Frax Share (FXS)

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How to trade in Frax Share (FXS) on CoinSwitch?

Frax Share (FXS) ICO summary

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Cryptocurrencies have emerged as an attractive investment option in recent years, capturing the imagination of investors despite their high volatility.

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A simple explainer can be a pretty rare thing in a realm as complicated as the cryptosphere. That's what we are here to change—one article at a time.

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CoinSwitch is the leading crypto exchange in India. It is a mobile-only crypto exchange. CoinSwitch provides you the platform to buy and sell more than 80 coins such as BTC, ETH, MATIC, ADA, and LITE.

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Frax Share

Frax Share Performance

Frax Share Value in Currency

Crypto Returns Calculator

What is Frax Share (FXS)?

Who founded Frax Share (FXS)?

Primary features of Frax Share (FXS)

Is FXS a promising cryptocurrency?

How do I use FXS?

Pros & Cons of Frax Share (FXS)

Pros

Cons

How to trade in Frax Share (FXS) on CoinSwitch?

Frax Share (FXS) ICO summary

Tags

Compare With Other Asset

FAQ's on Frax Share

News Feed

Is CoinSwitch safe for crypto investments?CoinSwitch, India's largest crypto exchange, is a safe and reputed investment platform. In keeping with its mission to...

The future of cryptocurrenciesCryptocurrencies have emerged as an attractive investment option in recent years, capturing the imagination of investors despite their high volatility.

Introducing blockchain technologyA simple explainer can be a pretty rare thing in a realm as complicated as the cryptosphere. That's what we are here to change—one article at a time.

How to invest in cryptocurrency in IndiaCoinSwitch is the leading crypto exchange in India. It is a mobile-only crypto exchange. CoinSwitch provides you the platform to buy and sell more than 80 coins such as BTC, ETH, MATIC, ADA, and LITE.

Download CoinSwitch

Crypto Returns Calculator

Frax share Price Statistics

News Feed

Is CoinSwitch safe for crypto investments?CoinSwitch, India's largest crypto exchange, is a safe and reputed investment platform. In keeping with its mission to...

The future of cryptocurrenciesCryptocurrencies have emerged as an attractive investment option in recent years, capturing the imagination of investors despite their high volatility.

Introducing blockchain technologyA simple explainer can be a pretty rare thing in a realm as complicated as the cryptosphere. That's what we are here to change—one article at a time.

How to invest in cryptocurrency in IndiaCoinSwitch is the leading crypto exchange in India. It is a mobile-only crypto exchange. CoinSwitch provides you the platform to buy and sell more than 80 coins such as BTC, ETH, MATIC, ADA, and LITE.

Trending Coins

Is CoinSwitch safe for crypto investments?
CoinSwitch, India's largest crypto exchange, is a safe and reputed investment platform. In keeping with its mission to...

The future of cryptocurrencies
Cryptocurrencies have emerged as an attractive investment option in recent years, capturing the imagination of investors despite their high volatility.

Introducing blockchain technology
A simple explainer can be a pretty rare thing in a realm as complicated as the cryptosphere. That's what we are here to change—one article at a time.

How to invest in cryptocurrency in India
CoinSwitch is the leading crypto exchange in India. It is a mobile-only crypto exchange. CoinSwitch provides you the platform to buy and sell more than 80 coins such as BTC, ETH, MATIC, ADA, and LITE.

Is CoinSwitch safe for crypto investments?
CoinSwitch, India's largest crypto exchange, is a safe and reputed investment platform. In keeping with its mission to...

The future of cryptocurrencies
Cryptocurrencies have emerged as an attractive investment option in recent years, capturing the imagination of investors despite their high volatility.

Introducing blockchain technology
A simple explainer can be a pretty rare thing in a realm as complicated as the cryptosphere. That's what we are here to change—one article at a time.

How to invest in cryptocurrency in India
CoinSwitch is the leading crypto exchange in India. It is a mobile-only crypto exchange. CoinSwitch provides you the platform to buy and sell more than 80 coins such as BTC, ETH, MATIC, ADA, and LITE.