$FXS

FXS Coin, also known as Frax Share, is a governance token associated with the Frax Protocol, a decentralized stablecoin system. The Frax Protocol was founded by Sam Kazemian, an Iranian-American entrepreneur and programmer. Kazemian introduced the concept of a fractional-algorithmic stablecoin, which combines collateralized and algorithmic elements to maintain price stability.

*Key Features of Frax Share (FXS):*

- *Governance Token*: FXS holders have governance rights, allowing them to participate in decision-making processes.

- *Revenue Generation*: FXS accrues fees, seigniorage revenue, and excess collateral value.

- *Staking*: FXS can be staked to earn interest.

*Current Information:*

- *Price*: The current price of FXS is around $1.77, according to Etherscan.

- *Market Capitalization*: The market capitalization of Frax (FRAX) is approximately $290.22 million.

- *Total Supply*: The total supply of FXS is 99,681,495.591133609740710857 tokens ¹ ².