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Buy Frax Share (FXS)

FXS

$5.12

24H Change
-0.30%
24H Volume
$14.3M
Global Rank
#220
Market Cap
$276M

Frax Share Price

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About 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.

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How to Buy Frax Share (FXS) in Australia

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Frax Share FAQs

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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 Frax Share 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.

How is the price of Frax Share determined?

The price of Frax Share is determined by the forces of supply and demand in the market. Similar to other assets, the price of Frax Share 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 Frax Share are adoption rates, Macro economic factors, News events, upgrades and advancements in its tech and investor sentiment.

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 Frax Share instantly.

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Period: Last 24 hours

FXS Buys and Sells

By number of orders

59% Buy
59%
Buys
41%
Sells

Period: Last 24 hours

This should not be used to make investment decisions.

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.