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).

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Fear & Greed Index

Trade Now

Biggest Gainers

RYU

$0.0...01386

37.87%

Trade Now
WILD

$0.4397

28.78%

Trade Now
TIBBIR

$0.1257

26.17%

Trade Now
RSC

$0.5818

17.50%

Trade Now
SN

$1.7

14.52%

Trade Now
TROLL

$0.06371

11.99%

Trade Now

Latest Crypto News

DeFi Token Summer Gains: Is Mutuum Finance the Real Deal?
2025-08-02 18:30:12
Bitcoin, Realized Price, and the Top: Are We There Yet?
2025-08-02 18:30:12
Dogwifhat (WIF) Rally: Will the Meme Coin Bite Back?
2025-08-02 19:10:12
PayFi Heats Up: Tron's AMA Recap & TRX's Bullish Nasdaq Debut
2025-08-02 19:10:12
ARK Invest, Coinbase, and BitMine: Decoding the Crypto Investment Shuffle
2025-08-02 19:15:23
JasmyCoin Under Pressure: Bears Grip Tight, Testing Lower Support
2025-08-02 19:15:23

Related knowledge

Understanding the composition of a liquid staking token's yield

Jul 20,2025 at 09:07am

What Is a Liquid Staking Token?A liquid staking token is a representative asset issued to users who stake their native cryptocurrency on a proof-of-st...

Is it better to stake directly or use a liquid staking service?

Jul 22,2025 at 08:21pm

Understanding the Basics of StakingStaking in the context of blockchain and cryptocurrency refers to the process of locking up digital assets to suppo...

What to do during an LST depeg event

Jul 20,2025 at 04:57pm

Understanding LST Depeg EventsAn LST (Liquid Staking Token) depeg event occurs when the token, which is typically pegged to the value of the underlyin...

How to find new liquid staking projects

Jul 30,2025 at 01:14pm

Understanding Liquid Staking and Its ImportanceLiquid staking is a mechanism that allows users to stake their cryptocurrency assets while still mainta...

Can you provide liquidity with liquid staking tokens?

Jul 22,2025 at 10:22am

Understanding Liquid Staking TokensLiquid staking tokens (LSTs) are derivative tokens that represent staked assets on a proof-of-stake (PoS) blockchai...

What are the best wallets for storing LSTs?

Jul 21,2025 at 03:14pm

Understanding LSTs and the Need for Secure StorageLSTs, or Liquid Staking Tokens, are derivative tokens representing staked assets on a blockchain. Wh...