Frax Share (FXS) will be launched on CoinBene
COINBENE
Tipo relacionado: Others
2021-03-14 18:45
FXS will be listed on CoinBene with FXS/USDT trading support, and invite you sincerely to experience.
FXS Available for Deposit: March 15, 2021 at 15:00 (GMT+8).
FXS Available for Trading: March 15, 2021 at 15:00 (GMT+8).
FXS Available for Withdrawal: March 15, 2021 at 15:00 (GMT+8)
Project Introduction
The Frax Share token (FXS) is the non-stable, value-accrual token in the protocol. It is meant to be volatile and hold rights to governance and all excess collateral of the . It is important to note that we take a highly governance-minimized approach to designing trustless money in the same ethos as Bitcoin. We eschew DAO-like active management such as MakerDAO. The less parameters for a community to be able to actively manage, the less there is to disagree on. The only parameters that are up for governance through FXS is adding/adjusting collateral pools, adjusting minting/redemption fees, and refresh rate of the collateral ratio. No other actions such as active management of collateral or addition of human-modifiable parameters are possible other than a hardfork that would require voluntarily moving to a new implementation entirely.
FXS Official Site: https://frax.finance/
Block Browser: https://cn.etherscan.com/token/0x3432b6a60d23ca0dfca7761b7ab56459d9c964d0
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Risk Disclosure
Purchasing cryptocurrencies and digital assets comes with a number of risks, including but not limited to volatile market price swings, flash crashes, fraud, market manipulation, regulatory changes, and cybersecurity risks. Investors should conduct extensive research into the legitimacy of each individual cryptocurrency, token, or any other form of digital asset, including its platform, before investing.
CoinBene strives to protect our users and customers from foreseeable risks such as but not limited to financial fraud, cybersecurity risks, and market manipulation. However, CoinBene is not responsible nor liable for any form of compensation of financial losses resulting from investment in cryptocurrencies and digital assets on the CoinBene platform.
CoinBene
March 14, 2021