Recognizing the importance of Bitcoin from the onset, and understanding that the exchange is the most critical part of the cryptocurrency ecosystem, Jesse Powell founded Kraken to give people the means to quickly and securely invest in the space. Since then, the company has grown by leaps and bounds with hundreds of employees spanning the globe. We&rsquo;re a diverse group of thinkers and doers that are dedicated to making cryptocurrency available and accessible to the world and enabling people from all walks of life to invest in their independence.
Whether you&rsquo;re an advanced trader or a crypto-beginner, Kraken gives you the power to chart your own financial course. Our exchange has an ever-growing number of cryptocurrency pairs for you to invest in and a slew of tools and features for you to leverage as you grow your portfolio.
From over-the-counter trading to personalized white-glove account management, Kraken is the premier cryptocurrency investing solution for institutions of all sizes. We offer exceptional liquidity and competitive pricing for all our markets so you can achieve your investment goals quickly and confidently.

Frax Share

The Frax protocol was the first fractional algorithm stablecoin system. Frax is open source, permissionless, and entirely on-chain -- currently implemented on Ethereum (and potentially cross-chain in the future). The ultimate goal of the Frax protocol is to provide a highly scalable, decentralized, algorithmic currency to replace fixed-supply digital assets like BTC. The protocol contains the following concepts: 
 Fractional algorithm -- Frax is a unique stablecoin whose partial supply is supported by collateral and partial supply algorithms. The ratio of collateral to the algorithm depends on the market pricing of FRAX stablecoins. If FRAX trades above $1, the agreement will lower the collateral ratio. If FRAX trades below $1, the agreement increases the collateral ratio. 
 Decentralization and governance minimization -- Community governance and an algorithmic approach that emphasizes a high degree of autonomy, without active management. 
 Full on-chain predictor - Frax V1 uses Uniswap (ETH, USDT, USDC time weighted average price) and Chainlink (US dollar price) predictor. 
 Two tokens -- FRAX is a stablecoin that targets a narrow band around the $1 / coin. Frax Shares (FXS) are governance tokens that generate fees, seigniorage income, and excess collateral values. 
 Prior to Frax, staboins were divided into three categories: fiat collateral, cryptocurrency overcollateral, and unsecured algorithms. Frax, the first decentralized staboin to classify itself as a fractional algorithm, enters the fourth and most unique category. 
The supply of FRAX stablecoins is dynamic and constantly changes due to its fractional algorithm monetary policy to keep the price at $1. The supply of Frax Shares (FXS) tokens was strictly limited to 100 million from the beginning, and there was no timeline for inflation in the agreement. FXS tokens are governance tokens that accumulate all the value of newly minted FRAX, fees, and excess collateral. FXS is an investment and governance asset, while FRAX is a currency token. 
The Frax protocol is a community-driven and uniquely designed stablecoin. Over 60% of the SUPPLY of FXS is issued to liquidity providers and yield farmers over many years. It is a completely decentralized protocol, governed on the chain. It was also the first and only staboin to adopt a fractional algorithm hybrid design when it was launched in November 2020. 
 The Frax protocol is the brainchild of American software developer Sam Kazemian, who came up with the first idea for fractional algorithm stablecoins in 2019. 
 The founding team of Frax Engineers includes Travis Moore and Jason Huan. Sam Kazemian originally came up with the idea when he noticed that stablecoins were growing rapidly but without any mixture of algorithmatic monetary policy and collateral. Projects that use purely algorithmic monetary policy fail or close without any significant traction. Frax is designed to measure the market's confidence in a partially algorithmized and partially collateralized stabocoin. 
 Staboin FRAX is available on many major exchanges and DeFi platforms such as Uniswap and DEXes. FRAX Shares (FXS) tokens are also available and liquid as stablecoin. Investors looking to buy upside and governance rights to the world's first fractional algorithm staboin should buy Frax Shares (FXS). Users who want stability by using the world's only fractional algorithm stablecoin should purchase FRAX.

Ethereum，BSC，Fantom，Arbi，Polygon，Avalanche，Moonriver，Harmony，EVMOS，Solana

0x3432b6a60d23ca0dfca7761b7ab56459d9c964d0

0xe48A3d7d0Bc88d552f730B62c006bC925eadB9eE

0x7d016eec9c25232b01f23ef992d98ca97fc2af5a

0x9d2f299715d94d8a7e6f5eaa8e654e8c74a988a7

0x1a3acf6d19267e2d3e7f898f42803e90c9219062

0x214db107654ff987ad859f34125307783fc8e387

0x6f1d1ee50846fcbc3de91723e61cb68cfa6d0e98

0x0767d8e1b05efa8d6a301a65b324b6b66a1cc14c

0xd8176865DD0D672c6Ab4A427572f80A72b4B4A9C

6LX8BhMQ4Sy2otmAWj7Y5sKd9YTVVUgfMsBzT6B9W7ct

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Crypto.com

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	Rank	Source	Price	24h	Volume(24H)	Trading Percent	Updated
1	Binance	1	Binance	FXS/USDT	1.6380	-2.15%	$1,548,633.73	9.2176%	2024-11-04 20:51:33
2	OKX	2	OKX	FXS/USDT	1.6400	-2.03%	$211,925.92	1.2614%	2024-11-04 20:51:26
3	Bitget	3	Bitget	FXS/USDT	1.6410	-1.91%	$109,282.34	0.6505%	2024-11-04 20:51:06
4	BingX	4	BingX	FXS/USDT	1.6390	-2.03%	$40,518.24	0.2412%	2024-11-04 20:50:47
5	Gate.io	5	Gate.io	FXS/USDT	1.6400	-1.5%	$20,527.74	0.1222%	2024-11-04 20:49:40
6	MEXC	6	MEXC	FXS/USDT	1.6380	-1.97%	$18,139.87	0.1080%	2024-11-04 20:50:38
7	Binance	7	Binance	FXS/BTC	0.00002437	0.04%	$15,586.56	0.0928%	2024-11-04 20:50:22
8	CoinW	8	CoinW	FXS/USDT	1.6400	-1.8%	$15,331.22	0.0913%	2024-11-04 20:51:26
9	KuCoin	9	KuCoin	FXS/USDT	1.6460	-1.73%	$5,974.04	0.0356%	2024-11-04 20:51:01
10	Kraken	10	Kraken	FXS/USD	$1.64	-1.08%	$2,923.83	0.0174%	2024-11-04 20:50:59
11	KuCoin	11	KuCoin	FXS/BTC	0.00002480	2.9%	$2,452.36	0.0146%	2024-11-04 20:48:35
12	Crypto.com	12	Crypto.com	FXS/USD	$1.67	-0.01%	$2,239.72	0.0133%	2024-11-04 20:48:57

	Volume(24H)	Trading Percent
OKX	OKX	$211,996.38	2.5385%	Visit
Binance	Binance	$1,564,220.28	18.7303%	Visit
Kraken	Kraken	$3,991.45	0.0478%	Visit
Gate.io	Gate.io	$20,535.93	0.2459%	Visit
KuCoin	KuCoin	$8,426.4	0.1009%	Visit
Crypto.com	Crypto.com	$3,069.08	0.0367%	Visit
Bitget	Bitget	$109,282.34	1.3086%	Visit
MEXC	MEXC	$18,139.87	0.2172%	Visit
BingX	BingX	$40,518.24	0.4852%	Visit
CoinW	CoinW	$15,331.22	0.1836%	Visit
BitMart	BitMart	$137,025.5	1.6408%	Visit

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