Dear Community,
CoinDCX Pro will list Frax Share (FXS) and open the spot trade for FXS/BTC pair on DCX Trade on February 18, 2021 at 03:00 PM(IST).
What is Frax Share (FXS)?
Frax is a fractional algorithmic stablecoin partially backed by collateral and partially stabilized algorithmically. The Frax Share token (FXS) is the non-stable, governance token of the Frax protocol that grants holders governance rights to add/adjust collateral pools, set minting/redemption fees, and to change the refresh rate of the collateralization ratio.
Kindly Note: FXS is a relatively new token that poses higher than normal risk, and as such will likely be subject to high price volatility. Please ensure that you exercise sufficient risk management, that you have done your own research in regards to FXS’s fundamentals and fully understand the project before opting to trade.
For any further query please reach out to us at [email protected]
Happy Trading!!!
Team CoinDCX
