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Legacy Frax Dollar Stock

Legacy Frax Dollar

FRAX

Price

0.99
Today +/-
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Legacy Frax Dollar Whitepaper

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Börse Marktpaar Preis +2% Tiefe -2% Tiefe Volumen (24H) Volumen % Typ Liquiditätsbewertung Aktualität
Gate.ioFRAX/TRY0.9911.0312.6258,276.790cex14/21/2025, 3:40 PM
BVOXFRAX/USDT10030,577.040cex14/8/2025, 6:35 AM
LATOKENFRAX/USDT100161.220cex15/7/2025, 8:57 AM
PoloniexFRAX/USDT0.37001.010cex17/9/2025, 6:23 AM
Gate.ioFRAX/USDT1858.932,915.8400cex2355/7/2025, 12:01 PM
Gate.ioFRAX/ETH0.420000cex14/8/2025, 6:32 AM
BitrueFRAX/USDT1.80000cex17/2/2025, 6:18 AM
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Legacy Frax Dollar FAQ

### What is the Frax Protocol (FRAX)? The Frax Protocol is an innovative cryptocurrency designed to provide a scalable and decentralized algorithmic money system. This platform aims to bridge the gap between traditional stablecoins and the digital future, using a partially algorithmic and partially collateralized approach. By maintaining a balance between these two methods, Frax Protocol offers stability with scalability that fully collateralized stablecoins may lack. For comprehensive data and metrics regarding Frax Protocol (FRAX), please refer to Eulerpool.

The Frax Protocol represents the first fractional-algorithmic stablecoin system. It is open-source, permissionless, and fully on-chain, with its current implementation on Ethereum and potential for future cross-chain deployments. The primary objective of the Frax protocol is to deliver a highly scalable, decentralized, algorithmic form of money as an alternative to fixed-supply digital assets, such as BTC. The protocol features the following key components: Fractional-Algorithmic – Frax is distinct as a stablecoin, with portions of its supply backed by collateral and other portions determined algorithmically. The balance between collateralized and algorithmic supply is influenced by the market's pricing of the FRAX stablecoin. When FRAX trades above $1, the protocol reduces the collateral ratio; conversely, when FRAX trades below $1, the protocol increases the collateral ratio. Decentralized & Governance-minimized – The system is community governed and stresses a highly autonomous, algorithmic framework with minimal active management. Fully on-chain oracles – Frax v1 utilizes Uniswap (ETH, USDT, USDC time-weighted average prices) and Chainlink (USD price) oracles. Two Tokens – FRAX serves as the stablecoin maintaining a narrow range around $1/coin. Frax Shares (FXS) function as the governance token, accruing fees, seigniorage revenue, and excess collateral value. Before the introduction of Frax, stablecoins were categorized into three types: fiat collateralized, overcollateralized with cryptocurrency, and algorithmic with no collateral. Frax distinguishes itself as the first decentralized stablecoin to fall under the fractional-algorithmic category, heralding a fourth and uniquely distinct classification.

What is the Circulating Supply of FRAX and FXS Coins?

The supply of the FRAX stablecoin is dynamic and constantly adjusts to maintain the price at $1, driven by its fractional-algorithmic monetary policy. The supply of Frax Shares (FXS) tokens is fixed at 100 million tokens from inception, with no planned inflation within the protocol. The FXS token serves as the governance token, accumulating all the value from newly minted FRAX, fees, and excess collateral. FXS operates as both an investment and governance asset, while FRAX functions as the currency token.

What Distinguishes Frax?

The Frax Protocol is a community-driven stablecoin with a unique design. More than 60% of the FXS supply is distributed over several years to liquidity providers and yield farmers. This protocol is completely decentralized, featuring on-chain governance. Notably, at its launch in November 2020, Frax became the first and only stablecoin to implement a fractional-algorithmic hybrid design. For more detailed information on Frax, you can refer to Eulerpool.

Who are the Founders of the Frax Protocol?

The Frax Protocol is the innovation of American software developer Sam Kazemian, who introduced the concept of a fractional-algorithmic stablecoin in 2019. The founding team of Frax engineers consists of Travis Moore and Jason Huan. Sam Kazemian initially conceived the idea when he observed the rapid growth of stablecoins, noticing that none incorporated a blend of algorithmic monetary policy and collateralization. Projects relying solely on algorithmic monetary policy had either failed or ceased operations without gaining substantial traction. Frax was created to assess the market's confidence in a stablecoin that is both partially algorithmic and partially collateralized.

Where can I purchase or acquire FRAX and FXS?

FRAX, the stablecoin, is widely accessible on many prominent exchanges and DeFi platforms such as Uniswap and various DEXes. The Frax Shares (FXS) tokens are similarly available and possess the same level of liquidity as the stablecoin. Investors interested in acquiring potential appreciation and governance rights to the world’s premier fractional-algorithmic stablecoin should consider purchasing Frax Shares (FXS). Users seeking stability through the unique fractional-algorithmic stablecoin should opt for FRAX.

Investors interested in Legacy Frax Dollar are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.