Buy & Sell Frax Share (FXS) – Frax Share Price Today
About FXS
The Frax Protocol is the first fractional-algorithmic stablecoin system. Frax is open-source, permissionless, and entirely on-chain. It is 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.
Token Type
ERC-20
Token Usage
Governance, Utility
Tech Snapshot
Chain Concensus
Chain Consensus
Consensus mechanism underpins a fault-tolerant system in cryptocurrency ecosystem. It is used in coins to achieve agreement necessary to process transactions. Its necessary requirement for distributed, public blockchain to work.
Chain Concensus
Proof of Work (PoW)
Hash Algorithm
Hash Algorithm
A hashing algorithm is a mathematical function that garbles data and makes it unreadable. Hashing algorithms are one-way programs, so the text can''t be unscrambled and decoded by anyone else.
Hash Algorithm
SHA-256
Community
Resources
Frequently Asked Questions
What is Crypto Asset?
Crypto Asset is a new type of digital currency. Crypto is decentralized, not controlled by a central authority like a bank or government and instead is exchanged person-to-person.
How secure is Pluang Crypto?
Pluang has partnered with PT Bumi Santosa Cemerlang (BSC) to provide you the best digital wallet security.
Is Pluang Crypto Asset regulated?
Pluang Crypto Asset is powered by BSC (PT Bumi Santosa Cemerlang). BSC has been registered in Commodity Futures Trading Regulatory Agency (BAPPEBTI) of Indonesia.
Can I transfer my Crypto Assets to other crypto wallet addresses?
Yes, you can send and receive Crypto Assets using your Pluang crypto wallet. We are dedicated to making sure your crypto transactions are safe and secure. We have partnered with Fireblocks, one of the biggest and most secure digital asset self-custody providers in the world, to hold custody of your Crypto Assets and facilitate digital assets transfer.
What is bid-ask spread?
Spread is the difference between buy and sell price in the form of percentage. Unlike other assets, the spread in cryptocurrency may increase/decrease following the market condition. This happens due to the high volatility of Cryptocurrency and its liquidity. Spread can increase above 1% during very volatile market but usually averages below 1%. Our team here at Pluang will always try to keep the spread as low as possible.
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Crypto Assets are facilitated by PT Bumi Santosa Cemerlang which is licensed and supervised by OJK. Transactions are recorded on CFX and guaranteed by KKI. View Terms and Conditions