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Buy Frax Share (FXS)

fxs
$8.21
0.00%

Global Rank

#92

Market Cap

$438M

24hr Volume

$16.4M

24hr Change

0.00%

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Frax Share

What is Frax Share (FXS)?

FXS token is a non-stable utility token for the Frax protocol. The token itself was designed for volatility and governance on the system. However, it is worth noting that the limited governance model integrated with this token was created with the mission to design trustless money and minimal interference. The philosophy is that with less regulation, there is less room for disagreement. Some of the parameters that can be voted on include adding or adjusting collateral pools and modifying the fees/ collateral ratio. As long as the demand for FRAX continues, the FXS tokenomics model operates with a fixed, deflationary supply. As FXS’s market cap increases, the system’s ability to stabilise FRAX also increases. When considering the overall market capitalisation of FXS tokens, the white paper suggests calculating the future expected netted from FRAX tokens seigniorage in perpetuity, cash flow from redemption fees and minting, and unused collateral.  Additionally, FXS holders can generate veFXS by locking FXS tokens up. veFXS grants special governance and AMO profits.

Sign up to Swyftx to buy Frax Share (FXS) inAustralia.

How to Buy Frax Share in Australia

  1. Signup for free
  2. Verify your account
  3. Deposit AUD instantly
  4. Buy FXS

Frequently Asked Questions

Where is the best place to buy Frax Share?

The best place to buy Frax Share is right here at Swyftx! Swyftx offers a fast, secure, and user-friendly platform that allows traders to easily deposit Australian dollars to trade Bitcoin and other cryptocurrencies instantly. We offer competitive fees and excellent customer support and we are proud to be Australia's highest-rated crypto exchange as per our Trust Pilot Reviews.

Is Swyftx Safe to buy Frax Share?

Yes, Swyftx is a safe and secure platform to buy and sell Frax Share (FXS). Swyftx employs a range of advanced security measures to protect user funds and personal information and has been awarded ISO27001 certification for information security.

Swyftx is a AUSTRAC registered exchange that conducts regular security audits and maintains strict compliance with Australian Anti-Money Laundering and Counter-Terrorism Financing Laws.

You can find more information on our security practices here.

How is the price of FXS determined?

The price of FXS is determined by the forces of supply and demand in the market. Similar to other assets, the price of Bitcoin is determined by the number of buyers and sellers in the market at any given time.

Some significant factors that can influence the demand for Bitcoin are adoption rates, Macro economic factors, News events, upgrades and advancements in its tech and investor sentiment.

What deposit methods does Swyftx support?

You can deposit Australian dollars (AUD) into Swyftx via a number of methods including:

  • Bank transfer
  • OSKO
  • PayID
  • POli
  • Credit or debit card

Swyftx also allows you to deposit cryptocurrency from another wallet into your account.

Can I buy Frax Share with credit card?

Swyftx does not allow you to directly buy Frax Share with credit card, however, we do support credit and debit card deposits. Once your deposit has arrived in your account, you can then buy FXS instantly.

What are Swyftx's trading fees?

Swyftx has a trading fee of 0.6% for all buy and sell orders. In addition to the trading fee, Swyftx applies a spread to each cryptocurrency trade.

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Period: Last 24 hours

Latest Frax Share News

FXS Buys and Sells on Swyftx

By number of orders
Buys Sells

0% Period: Last 24 hours 0%

This should not be used to make investment decisions.

Here's why Aussies love Swyftx

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I love the level of detail you can get from the website - it's very informative. Also, the whole UI is very slick and easy to use. In addition, when n...

Leon

Good easy to navigate sight with a lot more in depth capabilities

Rajib Patra

Trustworthy and very reliable platform with extremely competitive fees. I have done multiple transactions of small to high value and have been very ha...

Scott Romain

Wow!! What can I say , the guys at Swyftx were fast to reply , honest and kept my funds safe from other platforms trying to scam me and due to the sec...

Tanya Mcshane

It was great to be able to talk to the support staff and clarify trading especially as I'm ew to it. I was given great advice. Thank you

Dislcaimer: The information is for general information purposes only and should not be taken as investment advice, personal recommendation, or an offer of, or solicitation to, buy or sell any assets. It has been prepared without regard to any particular investment objectives or financial situation and does not purport to cover any legal or regulatory requirements. Customers are encouraged to do their own independent research and seek professional advice. Swyftx makes no representation and assumes no liability as to the accuracy or completeness of the content. Any references to past performance are not, and should not be taken as a reliable indicator of future results. Make sure you understand the risks involved in trading before committing any capital. Never risk more than you are prepared to lose. Consider our Terms of Use and Risk Disclosure Statement for more.