The Frax Protocol uses a one-of-a-kind model for its FRAX coin, which is partially backed by collateral and partially stabilized algorithmically. It aims to create highly scalable, decentralized money in place of fixed-supply digital assets. Frax is the first fractional stablecoin protocol. Frax Share (FXS) is the governance token of the Frax ecosystem of smart contracts. It is used to accrue fees, seigniorage revenue, and excess collateral value. Frax Share is a community-governed protocol based on Uniswap and Chainlink oracles. FRAX is the stablecoin and FXS is governance token. FXS is a non-stable ERC-20 coin. It can be used for staking, voting, rewards, redeeming and minting. You can buy FXS from a number of crypto exchanges.
The fastest, most convenient way to purchase Frax Share is to purchase it on ICONOMI. We check Frax Share live prices on 10+ crypto exchanges and buy it at the best market price.
You can buy Frax Share by adding it to your private Crypto Strategy (crypto portfolio). You can also use our recurring buy feature that tends to level out cryptocurrency price volatility effects. You can find out more about how to benefit from smaller investments at regular intervals on our blog article.
We recommend you do your own research and cryptocurrency analysis. Experienced crypto traders use fundamental and technical analysis to evaluate if Frax Share is a good buy/sell. Fundamental and technical analyses are the two most common types of analysis used in trading traditional assets (e.g. stocks and bonds).
If you are unfamiliar with analyzing cryptocurrency prices and want to buy Frax Share, we recommend you read the next section, as copying might be a better approach.
If you are not skilled at these, consider a different approach to investing in cryptocurrencies. You can learn from and copy seasoned crypto traders on ICONOMI who regularly share their insights and manage their public Crypto Strategies. Go to the strategies page and use the “ticker” filter to find out which public Crypto Strategies have Frax Share in their structure.
Here you can read and comment on all posts made by Strategists about Frax Share FXS. See all Frax Share EUR price predictions in real time and make the best use of their crypto knowledge.
Change in structure. Decided to remove FRAX Finance $FXS and replace it with Stacks $STX.
FRAX has underperformed the past months and sentiment around the project seems low. STX was recently added to ICONOMI, I like the idea to use and build apps that leverage #Bitcoin as a secure base layer.
$SNX enables swaps of any size almost without any slippage, as well as creation of tokens that can track the value of any asset (stocks, ETFs, indexes, commodities, cryptocurrencies, etc). $SNX has generated $11M of revenue in the last 30 days and remains our current largest allocation. @LongTerm remains bullish in $SNX for the foreseeable future.
Our other main plays are $FXS and $CVX and goes without saying that we are maintaining $ETH position.
@TwitchCharg feels good to do them!