FRAX (Frax Protocol) is a stablecoin project founded by Sam Kazemian, Travis Moore, and Jason Huan in 2019. It is designed to be pegged to the US Dollar and combines collateral backing with algorithmic adjustments to maintain its stability.
Here is real information regarding the FRAX coin and its future potential:
$FRAX The Frax Protocol was created by Sam Kazemian and his team, who aimed to blend collateralized and algorithmic models for a stable and efficient decentralized stablecoin.
Initially a partially collateralized stablecoin, the protocol transitioned to a fully collateralized model for increased robustness after the collapse of other algorithmic stablecoins in 2023.
$FRAX FRAX acts as the native asset and gas token for the new Fraxtal Layer-1/Layer-2 blockchain, aiming for high scalability and minimal fees within its ecosystem.
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