What is FRAX (FRAX)
What is FRAX (FRAX)
Start learning about what is FRAX through guides, tokenomics, trading information, and more.
FRAX (FRAX) Basic Introduction
FRAX is the native token of the Fraxtal Layer 1 blockchain, serving as the primary gas token and base asset across the network. It was previously known as FXS (Frax Share) but was rebranded following the North Star upgrade. This transition marked a shift in function, positioning FRAX not as a governance token, but as a fixed-supply, commodity-like asset used to secure and operate the Fraxtal blockchain. FRAX is used to pay gas fees, support validator operations, and act as the monetary foundation of the Fraxtal ecosystem. The token follows a predetermined emission schedule that cannot be altered, emphasizing its role as a stable and predictable asset for network utility. While other DeFi protocols may choose to use FRAX in staking or governance models, the token itself does not carry governance rights within the core protocol. Unlike earlier versions of the Frax ecosystem, which were based on Ethereum and featured a fractional-algorithmic stablecoin, the current FRAX token exists natively on the Fraxtal blockchain. Wrapped or bridged versions may exist for cross-chain compatibility, but the core issuance and utility remain on Fraxtal. Originally launched in 2020, the broader Frax project introduced a hybrid stablecoin model, combining algorithmic mechanics with collateralization. With its evolution into the Fraxtal network, FRAX now plays a dual role—continuing to serve as a decentralized asset within DeFi while also powering a standalone Layer 1 chain.
FRAX (FRAX) Profile
What is FRAX (FRAX) Trading
FRAX (FRAX) trading refers to buying and selling the token in the cryptocurrency market. On MEXC, users can trade FRAX through different markets depending on your investment goals and risk preferences. The two most common methods are spot trading and futures trading.
FRAX (FRAX) Spot Trading
Crypto spot trading is directly buying or selling FRAX at the current market price. Once the trade is completed, you own the actual FRAX tokens, which can be held, transferred, or sold later. Spot trading is the most straightforward way to get exposure to FRAX without leverage.
FRAX Spot TradingHow to Acquire FRAX (FRAX)
You can easily obtain FRAX (FRAX) on MEXC using a variety of payment methods such as credit card, debit card, bank transfer, Paypal, and many more! Learn how to buy tokens at MEXC now!
How to Buy FRAX GuideFRAX (FRAX) Tokenomics
Tokenomics describes the economic model of FRAX (FRAX), including its supply, distribution, and utility within the ecosystem. Factors such as total supply, circulating supply, and token allocation to the team, investors, or community play a major role in shaping its market behavior.
FRAX TokenomicsPro Tip: Understanding FRAX's tokenomics, price trends, and market sentiment can help you better assess its potential future price movements.
FRAX (FRAX) Price History
Price history provides valuable context for FRAX, showing how the token has reacted to different market conditions since its launch. By studying historical highs, lows, and overall trends, traders can spot patterns or gain perspective on the token's volatility. Explore the FRAX historical price movement now!
FRAX (FRAX) Price HistoryFRAX (FRAX) Price Prediction
Building on tokenomics and past performance, price predictions for FRAX aim to estimate where the token might be headed. Analysts and traders often look at supply dynamics, adoption trends, market sentiment, and broader crypto movements to form expectations. Did you know, MEXC has a price prediction tool that can assist you in measuring the future price of FRAX? Check it out now!
FRAX Price PredictionDisclaimer
The information on this page regarding FRAX (FRAX) is for informational purposes only and does not constitute financial, investment, or trading advice. MEXC makes no guarantees as to the accuracy, completeness, or reliability of the content provided. Cryptocurrency trading carries significant risks, including market volatility and potential loss of capital. You should conduct independent research, assess your financial situation, and consult a licensed advisor before making any investment decisions. MEXC is not liable for any losses or damages arising from reliance on this information.
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