Investing in Frax(FRAX)has never been easier! Registering on an exchange, verifying your account, and paying via bank transfer, debit or credit card, paired with a secure cryptocurrency wallet, are the most widely accepted methods of acquiring cryptocurrencies. Here’s a how-to guide on how to buy cryptocurrency on an exchange.
You can register by email or phone number, then set a password and complete the verification to pass the registration.
Step 2: Identity Verification—Submit KYC information to verify your identity
Please verify your identity to ensure full compliance and enhance your experience with complete identity verification. You can go to the identity verification page, fill in your country, upload your ID, and submit your selfie. You will receive a notification and once your ID has been successfully verified, you can start transactions by binding your bank card or credit card.
Anywhere exchange is available, you may easily purchase Frax (FRAX) with the lowest costs and maximum security. To begin purchasing Frax in the country of your choice, enter your country's name in the search box below:
Perhaps all you need to know is more about it. Allow us to take you through some of the most fascinating Bitcoin Facts from Academy articles in a quick manner. Find out now why people purchase Frax!
The Frax Protocol is the first fractional-algorithmic stablecoin system. Frax is open-source, permissionless, and entirely on-chain – currently implemented on Ethereum (with possible cross chain implementations in the future). The end goal of the Frax protocol is to provide a highly scalable, decentralized, algorithmic money in place of fixed-supply digital assets like BTC. The protocol incorporates the following concepts:Fractional-Algorithmic – Frax is a unique stablecoin with parts of its supply backed by collateral and parts of the supply algorithmic. The ratio of collateralized and algorithmic depends on the market's pricing of the FRAX stablecoin. If FRAX is trading at above $1, the protocol decreases the collateral ratio. If FRAX is trading at under $1, the protocol increases the collateral ratio.Decentralized & Governance-minimized – Community governed and emphasizing a highly autonomous, algorithmic approach with no active management.Fully on-chain oracles – Frax v1 uses Uniswap (ETH, USDT, USDC time-weighted average prices) and Chainlink (USD price) oracles.Two Tokens – FRAX is the stablecoin targeting a tight band around $1/coin. Frax Shares (FXS) is the governance token which accrues fees, seigniorage revenue, and excess collateral value.Before Frax, stablecoins were divided into three different categories: fiat collateralized, overcollateralized with cryptocurrency, and algorithmic with no collateral. Frax is the first kind of decentralized stablecoin to classify itself as fractional-algorithmic ushering in the 4th and most unique category.
Market risk applies to any cryptocurrency investment activity, including using exchange to purchase Frax online. While we make every attempt to thoroughly inform our users about every cryptocurrency we offer on the exchange, exchange does not take responsibility for any outcomes that may emerge from your purchase of Frax. Nevertheless, we do offer simple and convenient ways for you to buy Frax quickly. The content on this website is not intended to be construed as endorsing any specific cryptocurrency or way to obtain it.
The live Frax price today is USD with a 24-hour trading volume of $9,992,427.94 USD. We update our FRAX to USD price in realtime. FRAX is -0.08% in the last 24 hours.
CoinMapAi is your gateway to the Web 3 world, serving as a guide to help you quickly familiarize yourself with and enter the world of cryptocurrency.