Accept Frax Payments

At Coino live, we empower businesses to embrace the future of finance by seamlessly integrating FRAX payments. With our user-friendly and secure platform, you can start accepting FRAX quickly and efficiently.
accept Frax payments
The Frax Protocol pioneers the fractional-algorithmic stablecoin system, operating as an open-source, permissionless, and entirely on-chain platform, currently functioning on Ethereum (with potential cross-chain expansions ahead). Its ultimate objective is to introduce a scalable, decentralized, algorithm-based currency, challenging fixed-supply digital assets like BTC. Key principles of the Frax protocol encompass:
Fractional-Algorithmic Model: Frax stands out as a distinct stablecoin, blending collateral-backed and algorithmic components in its supply. The ratio of collateralized versus algorithmic portions adapts based on the market price of the FRAX stablecoin. When FRAX exceeds $1, the protocol trims the collateral ratio; when FRAX falls below $1, the protocol boosts the collateral ratio.
Decentralization & Governance Minimalism: Community governance takes precedence, emphasizing a highly autonomous, algorithm-driven approach with minimal active management.
On-Chain Oracles: Frax v1 integrates Uniswap (ETH, USDT, USDC time-weighted average prices) and Chainlink (USD price) oracles, ensuring a fully on-chain approach.
Two-Tokens System: FRAX serves as the stablecoin, targeting a narrow band around $1/coin, while Frax Shares (FXS) act as the governance token, accruing fees, seigniorage revenue, and surplus collateral value.
Before Frax, stablecoins fell into three distinct categories: fiat-collateralized, overcollateralized with cryptocurrency, and algorithmic without collateral. Frax emerges as the inaugural decentralized stablecoin categorizing itself as fractional-algorithmic, pioneering the fourth and most innovative stablecoin category.
Smart business owners know the importance of staying updated and following trends. Nowadays, accepting cryptocurrency, like Frax, is as easy as using credit cards. By letting customers pay with FRAX, you can attract more buyers, leading to increased earnings.
  • Seamless integration: Add FRAX payments to your website or app in minutes with our simple API.
  • Secure and reliable: Trust our secure platform with industry-leading compliance and fraud prevention.
  • Fast and affordable: Receive Frax payments instantly and enjoy competitive transaction fees.
  • Dedicated support: Get expert guidance and personalized support from our knowledgeable team.

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