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Accept Frax Share Payments
At Coino live, we empower businesses to embrace the future of finance by seamlessly integrating FXS payments. With our user-friendly and secure platform, you can start accepting FXS quickly and efficiently.
The Frax Protocol stands out as the pioneering fractional-algorithmic stablecoin system. Frax operates openly, without permission, and entirely on-chain, presently operating on Ethereum (with potential cross-chain expansions ahead). Its ultimate objective? To offer a highly scalable, decentralized, algorithm-based monetary system, challenging fixed-supply digital assets like BTC. The protocol embodies several fundamental concepts:
Fractional-Algorithmic Design: Frax is an exceptional stablecoin. It combines collateral-backed portions with algorithmic portions in its supply. The ratio between collateralized and algorithmic segments adapts based on the market's valuation of the FRAX stablecoin. If FRAX surpasses $1 in trading, the protocol reduces the collateral ratio; if it falls below $1, the protocol increases the collateral ratio.
Decentralization & Minimal Governance: Governed by the community, the protocol champions a largely autonomous, algorithm-driven approach devoid of active management.
On-Chain Oracles: Frax v1 utilizes Uniswap (ETH, USDT, USDC time-weighted average prices) and Chainlink (USD price) oracles.
Dual Tokens: FRAX represents the stablecoin, aiming for a tight band around $1/coin. Frax Shares (FXS) serve as the governance token, accruing fees, seigniorage revenue, and excess collateral value.
Before Frax, stablecoins fell into three categories: fiat-collateralized, cryptocurrency overcollateralized, and non-collateralized algorithmic variants. Frax redefines stablecoins by introducing the fractional-algorithmic type, marking the emergence of a fourth, uniquely distinct category.
Fractional-Algorithmic Design: Frax is an exceptional stablecoin. It combines collateral-backed portions with algorithmic portions in its supply. The ratio between collateralized and algorithmic segments adapts based on the market's valuation of the FRAX stablecoin. If FRAX surpasses $1 in trading, the protocol reduces the collateral ratio; if it falls below $1, the protocol increases the collateral ratio.
Decentralization & Minimal Governance: Governed by the community, the protocol champions a largely autonomous, algorithm-driven approach devoid of active management.
On-Chain Oracles: Frax v1 utilizes Uniswap (ETH, USDT, USDC time-weighted average prices) and Chainlink (USD price) oracles.
Dual Tokens: FRAX represents the stablecoin, aiming for a tight band around $1/coin. Frax Shares (FXS) serve as the governance token, accruing fees, seigniorage revenue, and excess collateral value.
Before Frax, stablecoins fell into three categories: fiat-collateralized, cryptocurrency overcollateralized, and non-collateralized algorithmic variants. Frax redefines stablecoins by introducing the fractional-algorithmic type, marking the emergence of a fourth, uniquely distinct category.
Smart business owners know the importance of staying updated and following trends. Nowadays, accepting cryptocurrency, like Frax Share, is as easy as using credit cards. By letting customers pay with FXS, you can attract more buyers, leading to increased earnings.
- Seamless integration: Add FXS 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 Share payments instantly and enjoy competitive transaction fees.
- Dedicated support: Get expert guidance and personalized support from our knowledgeable team.
