What Is Frax Share (FXS): Opening Era of Stability and Profitability in the DeFi World

Bittime -Frax Share (FXS) is a unique token that gives you profits in Frax Protocol, a decentralized stablecoin platform. FXS offers governance rights, rewards from protocol fees, and staking for rewards.

What is Frax Share (FXS)?

Frax Share (FXS) is the governance token underlying Frax Protocol, a decentralized algorithmic stablecoin platform . FXS holders have the right to:

• Participate in governance: Vote on proposals to improve Frax Protocol.
• Receive rewards: Earn a percentage of protocol fees paid in FXS.
• Staking FXS: Earn staking rewards in the form of FXS and CRV (Curve DAO Token).

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Frax Share (FXS) Main Products & Features

• Frax (FRAX): An algorithmic stablecoin pegged to the USD.
• FraxSwap: DEX that allows token swaps with low slippage.
• Frax Lend: Variable interest rate lending and borrowing platform.
• Frax Vault: A staking service that allows users to earn yield on Frax Shares (FXS) and CRV.

What is Frax Share (FXS) Token?

FXS is an ERC-20 token that has the following utilities:

• Governance: FXS holders can vote on proposals to improve Frax Protocol.
• Rewards: Frax Share (FXS) holders earn a percentage of protocol fees paid in FXS.
• Staking: FXS can be staked to earn rewards in the form of FXS and CRV.

Tokenomic Frax Share (FXS)

• Token: FXS
• Maximum Supply: 100,000,000 Frax Shares (FXS)
• Circulating Supply: 26,704,444 FXS
• Token Distribution: 60% allocated to the community, 25% allocated to the team and investors, 15% allocated to protocol reserves.

Frax Share (FXS) Fundamental Analysis

Source: Bittime.com

• Technology: Frax Protocol uses proven and battle-tested technology.
• Team: The Frax team consists of experienced experts in the fields of blockchain and finance.
• Community: Frax Share (FXS) has an active and rapidly growing community.
• Adoption: Frax Protocol has been adopted by various DApps and DeFi platforms.

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Comparison of Frax Share (FXS) & Competitors

Founder & Team Frax Share (FXS)

• Sam Kazemian: Co-founder and CEO of Frax Finance.
• Travis Moore: Co-founder and CTO of Frax Finance.
• Jack Yang: Head of Research Frax Finance.

Expert Opinion About Frax Share (FXS)

• CoinGecko: "FXS is an attractive governance token with high profit potential."
• Messari: "Frax Protocol is an innovative project that could revolutionize the way we use stablecoins."
• LongHash: "FXS is a high-risk asset with high profit potential."

Frax Share (FXS) Conclusion

Frax Share (FXS) is an attractive governance token with high profit potential. Frax Protocol is an innovative project that could revolutionize the way we use stablecoins. However, investors should be careful as FXS is a high-risk asset.

How to Buy Frax Share (FXS) on Bittime

You can buy and sell FXS tokens in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappbeti. FXS is available on Bittime with FXS IDR pairing.

To be able to buy FXS/IDR tokens on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of Bittime assets is IDR 10,000. After that, you can make FXS purchases in the application. More Complete Guide How to Buy FXS on Bittime.

Monitor price chart movements for Frax Share (FXS), Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

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DISCLAIMER: This article is informational in nature and is not an offer or solicitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.