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Announcement
New Cryptocurrency Listing
Binance Will List Frax Share (FXS) in the Innovation Zone
Binance
2021-02-18 05:50
Fellow Binancians,
Binance will list Frax Share (FXS) in the Innovation Zone and will open trading for FXS/BTC and FXS/BUSD trading pairs at 2021-02-18 9:00 AM (UTC). Users can now start depositing FXS in preparation for trading.
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.
Reminder:
The Innovation Zone is a dedicated trading zone where users are able to trade new, innovative tokens that are likely to have higher volatility and pose a higher risk than other tokens.
Before being able to trade in the Innovation Zone, all users are required to visit the web version of the Innovation Zone trading page to carefully read the Binance Terms of Use and complete a questionnaire as part of the Initial Disclaimer. Please note that there will not be any trading restrictions on trading pairs in the Innovation Zone.
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.
FXS Listing Fee: 0 BNB.
Details:
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. Binance will make best efforts to choose high-quality coins, but will not be responsible for your trading losses.
Thanks for your support!
Binance Team
2021-02-18
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