- Last Price₹240.49
- Turnover (24h)₹46.83M
- All-Time High₹3,670.66
- Total Supply99.68M
- Fully Diluted Market Cap₹23.97B
- Ranking258
- Market Cap₹17.52B
- All-Time Low₹108.06
- Circulating Supply72.88M
What is FXS
Learned by 4.2k usersPublished on 2024.03.29Last updated on 2025.01.26
₹240.49
-0.36%
Note: The project description is sourced from official materials provided by the project team. However, it is important to note that these materials may be outdated, contain errors, or omit certain details. The provided content is for reference purposes only and should not be considered investment advice. HTX does not assume any liability for any direct or indirect losses incurred as a result of relying on this information.
How to Buy FXS (FXS)Learn now
1. Project Introduction
Frax Finance is a DeFi protocol offering three types of stablecoins and staking derivatives (FRAX, FPI, frxETH), designed to generate yield, provide liquidity, and enable staking in the DeFi space. The protocol uses innovative subprotocols and native governance tokens (FXS, FPIS) to ensure price stability and user governance. Initially launched as a single stablecoin protocol, Frax Finance has since evolved into a multi-product ecosystem centered around the Frax stablecoin. Its offerings include Fraxswap, Fraxferry, and Fraxchain.
FXS is the governance token of Frax Finance. By locking FXS tokens to obtain veFXS, holders can receive revenue dividends and participate in governance voting. This also includes voting rights for Curve tokens (CRV) and Convex tokens (CVX), as Frax Finance holds significant amounts of CVX. The FXS token captures the value of the entire Frax Finance ecosystem, representing not just governance but also the economic value of the protocol.
Summary: Frax Finance has grown from a single stablecoin project into a diverse ecosystem, with the FXS token embodying governance and the overall value of the protocol. Frax Finance's innovations in stablecoins and liquidity provision make it a major player in the DeFi space.
2. Team & Investment Info
Sam Hamidi-Kazemian: Founder of Frax Finance, a UCLA graduate with a programming background. Previously co-founded the blockchain-based online encyclopedia Everipedia.
Travis Moore: Co-founder of Frax Finance, also a UCLA graduate and former CTO of Everipedia.
Jason Huan: Director of Development at Frax, a UCLA computer science graduate, and former blockchain community founder.
Funding: Supported by major investors including Dragonfly, Electric Capital, Robot Ventures, Crypto.com Capital, Balaji Srinivasan, and Stani Kulechov.
3. Social Media URLs
X: https://x.com/fraxfinance
Telegram: https://t.me/fraxfinance
4. Token Info
Token Symbol: FXS
Total Supply: 99,681,496 FXS
Token Type: ERC-20
Issuance/Burn Mechanism: Dynamic mechanism
Contract Address: 0x3432b6a60d23ca0dfca7761b7ab56459d9c964d0
Token Distribution:
60% — Liquidity Programs / Farming / Community: Distributed through gauges and governance, halving naturally every 12 months.
3% — Strategic Advisors / External Early Contributors: These tokens are allocated for strategic work in legal, technical, and business areas to promote the adoption of the Frax protocol. They are vested evenly over 36 months.
12% — Accredited Private Investors:
2% unlocks at launch
5% vests over the first 6 months
5% vests within 1 year
A 6-month cliff applies to the vesting period.
For more details, refer to the white paper: https://docs.frax.finance/
5. Related Links
Official Website: https://frax.finance/
Other Info: https://www.rootdata.com/Projects/detail/Frax?k=MTIzOA%3D%3D
GitHub: https://github.com/fraxfinance
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How to Buy FXS
Welcome to HTX.com! We've made purchasing FXS (FXS) simple and convenient. Follow our step-by-step guide to embark on your crypto journey.Step 1: Create Your HTX AccountUse your email or phone number to sign up for a free account on HTX. Experience a hassle-free registration journey and unlock all features.Get My AccountStep 2: Go to Buy Crypto and Choose Your Payment MethodCredit/Debit Card: Use your Visa or Mastercard to buy FXS (FXS) instantly.Balance: Use funds from your HTX account balance to trade seamlessly.Third Parties: We've added popular payment methods such as Google Pay and Apple Pay to enhance convenience.P2P: Trade directly with other users on HTX.Over-the-Counter (OTC): We offer tailor-made services and competitive exchange rates for traders.Step 3: Store Your FXS (FXS)After purchasing your FXS (FXS), store it in your HTX account. Alternatively, you can send it elsewhere via blockchain transfer or use it to trade other cryptocurrencies.Step 4: Trade FXS (FXS)Easily trade FXS (FXS) on HTX's spot market. Simply access your account, select your trading pair, execute your trades, and monitor in real-time. We offer a user-friendly experience for both beginners and seasoned traders.
858 Total ViewsPublished 2024.03.29Updated 2025.03.21
What is FXS
1. Project IntroductionFrax Finance is a DeFi protocol offering three types of stablecoins and staking derivatives (FRAX, FPI, frxETH), designed to generate yield, provide liquidity, and enable staking in the DeFi space. The protocol uses innovative subprotocols and native governance tokens (FXS, FPIS) to ensure price stability and user governance. Initially launched as a single stablecoin protocol, Frax Finance has since evolved into a multi-product ecosystem centered around the Frax stablecoin. Its offerings include Fraxswap, Fraxferry, and Fraxchain.FXS is the governance token of Frax Finance. By locking FXS tokens to obtain veFXS, holders can receive revenue dividends and participate in governance voting. This also includes voting rights for Curve tokens (CRV) and Convex tokens (CVX), as Frax Finance holds significant amounts of CVX. The FXS token captures the value of the entire Frax Finance ecosystem, representing not just governance but also the economic value of the protocol.Summary: Frax Finance has grown from a single stablecoin project into a diverse ecosystem, with the FXS token embodying governance and the overall value of the protocol. Frax Finance's innovations in stablecoins and liquidity provision make it a major player in the DeFi space.2. Team & Investment Info Sam Hamidi-Kazemian: Founder of Frax Finance, a UCLA graduate with a programming background. Previously co-founded the blockchain-based online encyclopedia Everipedia.Travis Moore: Co-founder of Frax Finance, also a UCLA graduate and former CTO of Everipedia.Jason Huan: Director of Development at Frax, a UCLA computer science graduate, and former blockchain community founder.Funding: Supported by major investors including Dragonfly, Electric Capital, Robot Ventures, Crypto.com Capital, Balaji Srinivasan, and Stani Kulechov.3. Social Media URLs X: https://x.com/fraxfinanceTelegram: https://t.me/fraxfinance4. Token InfoToken Symbol: FXSTotal Supply: 99,681,496 FXSToken Type: ERC-20Issuance/Burn Mechanism: Dynamic mechanismContract Address: 0x3432b6a60d23ca0dfca7761b7ab56459d9c964d0Token Distribution:60% — Liquidity Programs / Farming / Community: Distributed through gauges and governance, halving naturally every 12 months.3% — Strategic Advisors / External Early Contributors: These tokens are allocated for strategic work in legal, technical, and business areas to promote the adoption of the Frax protocol. They are vested evenly over 36 months.12% — Accredited Private Investors:2% unlocks at launch5% vests over the first 6 months5% vests within 1 yearA 6-month cliff applies to the vesting period.For more details, refer to the white paper: https://docs.frax.finance/5. Related LinksOfficial Website: https://frax.finance/Other Info: https://www.rootdata.com/Projects/detail/Frax?k=MTIzOA%3D%3DGitHub: https://github.com/fraxfinance
4.2k Total ViewsPublished 2024.03.29Updated 2025.01.26
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