Name: Frax
SKU: FRAX
Price: 0.997058694617 USD

<p>Frax is a fractional-algorithmic stablecoin, it is the first cryptocurrency to be partially backed by asset collateral and partially stabilized by cryptographic algorithms. Algorithmic stablecoins reach a stable value and balance their circulating supply by being based on a different reserve asset.&nbsp;</p><p>The Frax protocol makes use of two different assets. These are the Frax (FRAX) stablecoin, which is pegged 1:1 to the US dollar, and the Frax Shares (FXS) token, which is used as a governance and utility token.</p><h3><strong>What are Frax’s key features and how does it work?</strong></h3><p>As an algorithmic stablecoin, Frax stablizes its price by deploying smart contracts that mint new tokens if the price increases, or buys them in the case that the price falls. Unlike many other stablecoins FRAX is partially collateralized to USDC.</p><p>Frax minting and redeeming is a core part of maintaining the cryptocurrency’s stable peg to USDC. FRAX can be minted by any individual who provides two tokens, these are USDC and FXS. FXS is the protocol’s “share token”, which is used to support the platform’s various functions.&nbsp;</p><p>The percentage proportions of each token are given by the Frax collateral ratio (CR). For example, if the collateral ratio is 50%, this means that 1 US dollar worth of FRAX can be minted by providing $0.50 worth of USDC and $0.50 worth of FXS. In a similar fashion, the mechanism works in reverse when redeeming FRAX for USDC and FXS provided at the start.</p><h3><strong>What is noteworthy about Frax Finance?</strong></h3><p>Frax Finance differs to other stablecoins. Firstly, users can provide liquidity to several Uniswap pools, by doing so, a user can earn rewards in the form of the platform’s FXS token.</p><p>Secondly, the platform facilitates long-term time-locked staking. This means that liquidity providers are able to lup up their LP tokens into the protocol for up to 3 years. A user earns rewards on the liquidity provided based upon the amount of time the asset is locked for and the collateral ratio.&nbsp;</p><h3><strong>What can Frax Finance be used for?</strong></h3><p>Frax Finance is planning to launch features to increase the usability of FRAX. These include FRAX bonds, a vAMM, and new collateral types. At the moment, it remains a stablecoin that due to its dual-backed mechanism remains more “stable” than other alternatives.</p><h3><strong>Where can you buy FRAX?</strong></h3><p>FRAX can be bought from the major DEXs:</p><ul><li>Uniswap;</li><li>Sushiswap;</li><li>Pangolin.</li></ul>

<p>Frax is a fractional-algorithmic stablecoin, it is the first cryptocurrency to be partially backed by asset collateral and partially stabilized by cryptographic algorithms. Algorithmic stablecoins reach a stable value and balance their circulating supply by being based on a different reserve asset.&nbsp;</p><p>The Frax protocol makes use of two different assets. These are the Frax (FRAX) stablecoin, which is pegged 1:1 to the US dollar, and the Frax Shares (FXS) token, which is used as a governance and utility token.</p>

Frax

Frax Protocol is the first fractional-algorithmic stablecoin system.

Stay up to date with your assets.

Stay on top of the market by creating customized alerts sent directly to your Telegram or email.

Choose your Alert type

Add New {name} Alert

Edit {name} Alert

Alert me {freq} when {trackedItem} {condition}.

price{onExchange} is >= {currency}{value1} or <= {currency}{value2} or 24h trade volume increased by {volume}%

price{onExchange} is >= {currency}{value1}

price{onExchange} is <= {currency}{value1}

price{onExchange} is >= {currency}{value1} or <= {currency}{value2}

24h trade volume{onExchange} increased on {value1}%

Please connect your account to our Telegram bot to receive notifications

New price alert added

Total raised in USD value and total number of IDO/ICO/IEOs by month

Total raised in USD value and total number of IDO/ICO/IEOs by week

Total Raise and Number of Public Sales

Monthly raise and number of token sales including private rounds

Weekly raise and number of token sales including private rounds

Fundraising Activity

Token Sale Categories by Month

Top Launchpads Ranked by Average ROI

Funds Raised on Public Rounds by Blockchain

Number of Token Sales (IDO/IEO/ICOs) by Launchpad and Category

Top 15 Launchpads Ranked by Funds Raised

Number of Public Token Sales by Type

Check your email

We've sent you an email with confirmation link. If you don't have it in your inbox - check your spam box.

CryptoRank App

See CryptoRank with...

~ On {finalDate} the block reward will be reduced from 3.125 Bitcoin per block to 1.5625 Bitcoin per block

{name} Halving Price Prediction

{name} {type}

Funds and Backers

{value} Details

{fundingRound} {firstAnd} {value} {secondAnd} {launchpools}

To Be Announced

{name} Price $ {price}

{name} ({symbol}) Price $ {price}

{coinName} Price Today

{name} News

The {name} to USD chart is designed for users to instantly see the changes that occur on the market and predicts what will come next.

{name} price Index provides the latest {symbol} price in US Dollars {delimiter} {btc_eth} using an average from the world's leading crypto exchanges.

supply of {name} that will ever be issued is {value} {of}

The current circulating supply of {name} is {availableSupply} {currencyType}, and the maximum supply of {symbol} is unlimited. 

Choose a convenient way to connect your EVM wallet.

Cryptocurrencies

Fiat Currencies

Tiers are assigned to funds according to the following quantitative and qualitative indicators: AUM, the weighted average of a fund’s projects’ quality (market capitalization, trading volume, ROI), fund management, media sentiment, experience, popularity, etc. The tier ranking does not in any way represent the forecasts, estimates, projections, or predictions of the Company or its management.

Score generated by TwitterScore.io based on the popularity of this account in crypto space

{exchangeName} {coinSymbol} Futures Total Open Interest & Volumes

{exchangeName} {coinSymbol} Futures Daily Market Share %

Here you can find a token or a trading pair on decentralized exchanges

DEX Exchanges by Aggregated {interval} Volumes

Due to the increasing number of fraudulent Discord servers, always double-check the authenticity of every Discord server through the project's website or other reliable sources. Do not sign suspicious transactions and do not share your private key with anyone.

It looks like the page you're looking for does not exist.

The requested page was not found

Exchanges Analytics

Share exchanges analytics

Do you have some feedback?

Use filtering to find the cryptocurrencies you need

{followersNumber} {coinName} Followers

Market Data API

Track your wallet balances, view asset allocations, get real-time price data, and more

Easily manage your assets with our Mobile App

Projects which received investments from {name}

Total funds raised and total number of funding rounds by month

Total funds raised and total number of funding rounds by week

Crypto Fundraising Trend

Create your Preset using Filter settings.

HeatMap

Share market state

Color represents price change. Size represents market cap.

All cryptocurrencies

The Rank is calculated as TGE Number weighted average ROI. In more detail, the rank is calculated as the ratio of the average ATH and Current ROI of all TGEs conducted on the particular platform to the total number of TGEs conducted on the fundraising platform.

Only TOP 10 by ROI platforms with at least {count} IDOs conducted are shown in the report.

Where number in brackets (NUM) shows number of IDOs conducted.

Only platforms with at least {count} IEOs conducted are shown in the report. Where (NUM) - number of IEOs conducted in braces

Most Volatile

Unusual Volume

New High (ATH)

New Low (ATL)

Top Gainers

Top {coins} {type} with more than USD {volume} total volume over the last {period}

Top Losers

{name} Launchpad

Selected Layout Settings

Please choose metrics to view from the list below

You can spend your Spaceships on NFTs, discounts, or promo codes

Complete daily quests to earn more Spaceships

Get Daily Bonus

Check-in everyday and complete tutorial and daily tasks to get maximum Spaceships

or download our APK

Scan QR code to get download link specifically for your mobile platform

Mobile CryptoRank App

Name

Complete tasks and earn rewards

CryptoRank Spaceships

Select Websites channels that you want to add to Cryptonews feed

Select Sources

Related News

Search Results for: 

Please enter your valid email address to proceed with registration.

Sorry, but your {social} account doesn't have an email address.

Try again with a different term

No results for “{query}”

Create customized alerts sent straight to you via the CryptoRank app, Telegram, or Email. Alerts can be set for every coin we have listed!

Discover recent crypto fundraising rounds of upcoming projects and follow portfolios of top funds

Explore their upcoming sales and compare main features and past performances

You can also create a manual portfolio and add assets yourself. Portfolio analytics is available in the same form as in the tracker

Analyze ROI, price action, and other key IDO metrics using the largest token sale database

Simply add your crypto wallet addresses to track the performance of your portfolio. Fast and secure

Get in touch with us for info about listings, tokens, exchanges, IDOs, or any other promotional inquires

Interested in a partnership?

Current and ATH Average Returns Table

Share current and ATH average returns table

Less

More...

Share Chart Screen

Subject

The account is suspected of violating CryptoRank.io terms of use. You may continue to use the website except for personal features.

Your account has been suspended

Create your Preset using Layout and Filter settings.

Customize table using Layout settings

Layout & Filters

Filters

Layout

Use CryptoRank.io data widgets to get the latest information about the cryptocurrency market. Just set up, copy and paste the iFrame code on your website.

Create the <p>Crypto Widget</p> for your website in a few clicks

Comprehensive analysis of %coinname% price dynamics, quarterly returns, and annual trends in dollars. Our detailed research unveils dynamic interconnections between %coinname% and the US dollar, providing valuable insights based on current data.

Period	Change	Change (%)	High	Low
24H	-$ 0.00145	-0.15%	$ 0.999	$ 0.997
7D	-$ 0.00154	-0.15%	$ 1.00	$ 0.997
14D	-$ 0.000733	-0.07%	$ 1.00	$ 0.997
30D	-$ 0.000483	-0.05%	$ 1.00	$ 0.995
3M	$ 0.00011	+0.01%	$ 1.12	$ 0.974
6M	-$ 0.0033	-0.33%	$ 1.12	$ 0.974
YTD	-$ 0.00309	-0.31%	$ 1.12	$ 0.974
1Y	-$ 0.00227	-0.23%	$ 1.16	$ 0.947
3Y	-$ 0.00861	-0.86%	$ 1.16	$ 0.776

Frax FRAX

Frax Analytics

Frax Monthly Returns (USD)

Frax Quarterly Returns (USD)

Frax Closing Price (USD) - Quarterly

FRAX - USD Price Change

Frax Annual Price (USD) Change