Uniswap

Frax Share

Chainlink

Frax

Coin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/what-is-frax-share-coin/" data-wpel-link="internal" rel="noopener noreferrer nofollow">What is Frax Share Coin?</a><br></p>
<p style="text-align: justify">The Frax Protocol is the first fractional algorithmic stablecoin system. It is open-source and fully on-chain, currently implemented on Ethereum. The ultimate goal of the Frax protocol is to provide a highly scalable, decentralized, algorithmic currency instead of fixed-supply digital assets like BTC.</p>
<h2 style="text-align: justify" id="what-is-frax-share-fxs">What is Frax Share (FXS)?</h2>
<p style="text-align: justify">Frax is a unique stablecoin, with parts of its supply backed by collateral and parts by a supply algorithm. The collateralized and algorithmic ratio depends on the market’s pricing of the FRAX stablecoin. If FRAX trades above one dollar, the protocol lowers the collateral ratio. If FRAX trades below one dollar, the protocol increases the collateral ratio.</p>
<p style="text-align: justify">According to statements, FRAX is community-governed, emphasizing a highly autonomous, algorithmic approach without active management. Frax v1 uses Uniswap (ETH, USDT, USDC time-weighted average prices) and Chainlink (USD price) oracles.</p>
<p style="text-align: justify">Additionally, there are two cryptocurrencies in the Frax Protocol: FRAX, a stablecoin targeting a tight band around one dollar, and Frax Shares (FXS), a governance token accruing fees, seigniorage revenue, and excess collateral value.</p>
<p style="text-align: justify">Before Frax, stablecoins were divided into three categories: fiat-collateralized, over-collateralized with cryptocurrency, and uncollateralized algorithmic. Frax classifies itself as the first decentralized stablecoin in the 4th and most unique category, fractional-algorithmic.</p>
<p style="text-align: justify">On the other hand, the Frax Protocol is the brainchild of American software developer Sam Kazemian, who first introduced the idea of a fractional algorithmic stablecoin in 2019.</p>
<p style="text-align: justify">The founding team of Frax engineers includes Travis Moore and Jason Huan. Sam Kazemian developed the idea when he realized that stablecoins were rapidly growing, but none had a mix of algorithmic monetary policy and collateralization.</p>
<h2 style="text-align: justify" id="fxs-coin-review">FXS Coin Review</h2>
<p style="text-align: justify">FXS coin is considered a significant project due to its team and concept. Investors trust the cryptocurrency’s future because they trust the project.</p>
<p style="text-align: justify">However, some believe it is beneficial to keep an eye on the project until it develops further and to avoid hasty decisions. At this point, looking at current data of FXS coin will be useful for a more accurate evaluation.</p>
<h2 style="text-align: justify" id="how-to-buy-frax-share-coin">How to Buy Frax Share Coin?</h2>
<p style="text-align: justify">Frax Share Coin can be purchased quickly and securely via <a href="https://en.coin-turk.com/binance-founder-barred-from-returning-to-uae-ahead-of-us-sentencing/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance</a>, the world’s largest cryptocurrency trading platform by trading volume. <a href="https://accounts.binance.com/en/register?ref=M8RGDITW" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">Binance</a></p>
<p style="text-align: justify">To buy Frax Share Coin, one must first register with Binance and then send fiat currency. After sending fiat currency like&nbsp; dollars, one can buy FXS Coin in the Bitcoin (BTC) and BUSD FXS Coin trading pair.</p>
<p style="text-align: justify">Additionally, on <a href="https://accounts.binance.com/en/register?ref=M8RGDITW" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">Binance</a>, users can place buy orders not only at market value but also at a lower value. To do this, use the Limit tab and specify the amount and price you want to buy at.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/what-is-frax-share-coin/" data-wpel-link="internal" rel="noopener noreferrer nofollow">What is Frax Share Coin?</a></h5>

What is Frax Share Coin?

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