Introduction to the total issuance volume and online exchanges of FXS coin

As the governance token of the Frax Finance ecosystem, FXS empowers holders to influence the platform's direction through staking and voting on proposals.

Oct 06, 2024 at 09:59 pm

1. Introduction to FXS Coin

FXS is the native token of the Frax Finance ecosystem, a decentralized finance (DeFi) platform that aims to provide a stable, algorithmic, and fractional-reserve digital currency called Frax. FXS serves as the governance token for the Frax protocol and plays a crucial role in its operation.

2. Total Issuance Volume of FXS Coin

The total issuance volume of FXS coin is capped at 100 million tokens. As of August 2023, approximately 27.5 million FXS tokens have been issued, representing about 27.5% of the total supply.

3. Online Exchanges Listing FXS Coin

FXS coin is listed on various centralized and decentralized exchanges, including:

Centralized Exchanges: Binance, Coinbase, KuCoin, FTX, Bybit
Decentralized Exchanges: Uniswap, SushiSwap, Curve

4. Additional Details

The initial distribution of FXS tokens occurred through a fair launch in November 2020.
FXS holders can participate in governance decisions by staking their tokens and voting on proposals.
The Frax Finance ecosystem also includes other tokens, such as FRAX (the stablecoin) and FXSUSD (a fractional-reserve stablecoin).

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