What is Frax Share?

Modified on Wed, 13 Nov at 10:32 AM


What is Frax Share?


Frax Share (FXS) is a digital token used in the Frax Protocol ecosystem developed as a transparent decentralized platform for stablecoins. FXS is classified as a governance token that allows holders to participate in the decision-making process and to set directions of Frax Finance.


Who are the creators of Frax Share?


Frax Shares were created by Sam Kazemian (left)and Travis Moore (right). Kazemian previously co-founded Everipedia, a decentralized version of Wikipedia, while Moore was a partner of Deloitte before becoming an entrepreneur in the blockchain industry.


This digital asset contains the staking function. Investors should study information and risks carefully before making any investment. For more information, please click here.


References

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