Frax Share
FXS
$2.16

Sector

Defi

Exchange Debut

2020-12-31

Market Cap

174,800,160

Maxim Supply

99,681,753

Circulating Supply

80,887,175

Circ. Supply(%)

81.15%
Frax Share logo

Frax Share

FXS

Price

$2.16

Market Cap

Sector

Exchange Debut

174,800,160
2020-12-31

Volume 24h

High 24h

Low 24h

14148662
2.339124092778
2.143140213376

Change 24h

Change 7d

Change 30d

-6.6964
-15.5693
-34.871

Maxim supply

Circulating supply

Circulating supply(%)

99,681,753
80,887,175
81.15%

The opinion of artificial intelligence (AI), based on the fundamental analysis of the Frax Share cryptocurrency:

 

Frax Share, from our fundamental analysis of the Frax Share cryptocurrency, presents itself as a mixed offering in the vast universe of crypto projects. With its revolutionary fractional-algorithmic stablecoin system, it aims to be a scalable, decentralized alternative to fixed-supply digital assets. Despite its ambitious goals, the project attains a modest overall score of 5.87 out of 10. This analysis takes into account a range of factors such as social media presence, audit and security measures, token economy, ecosystem development, team strength, product utility, and its array of partners and investors.

SOCIAL & MASS MEDIA: Score 5.6 out of 10

The Frax Share project has shown a mixed performance in the realm of social media. Despite boasting an active community on social media pages, its ability to attract followers and media presence falls short. This disparity suggests that while the project does engage a dedicated group of followers, there’s room for improvement in expanding its reach and visibility.

AUDIT & SECURITY: Score 7.23 out of 10

Audit and security, a crucial aspect in any fundamental analysis of the Frax Share cryptocurrency, suggests a relatively robust system. The project has achieved commendable results in audits, transparency, and liquidity. However, the transparency of publicly available information and audit results hint at the need for further improvements.

TOKENOMICS: Score 4.05 out of 10

In the case of token economy, the project fares relatively low. The inflationary nature of the project and the centralization of its monetary mass both present significant concerns, indicating areas that require attention and improvement.

ECOSYSTEM DEVELOPMENT: Score 5.6 out of 10

When it comes to ecosystem development, the Frax Share project exhibits a fair balance of achievement of objectives and plans for future developments. However, there’s a need for enhanced strategic planning and execution to drive the project forward.

TEAM & DEVELOPERS: Score 4.4 out of 10

The experience of the team and the number of software developers is another area where the project could benefit from reinforcement. A stronger and more experienced team could improve its prospects.

PRODUCT & UTILITY: Score 7.7 out of 10

The utility of the product and tokens in the ecosystem stands out as a strong suit for the Frax Share project. This is an encouraging sign and highlights the potential value of the product in its market.

PARTNERS & INVESTORS: Score 6 out of 10

In terms of partners and investors, the project showcases a reasonable performance. However, the capacity of investors and the quality of partnerships could be enhanced to boost the project’s standing.

Fundamental analysis of the Frax Share cryptocurrency – The final conclusion

Based on the fundamental analysis of the Frax Share cryptocurrency, the project shows promise but also several areas for improvement. The project shines in its product utility and security measures but falls short in token economy and team experience. These could pose risks for potential investors but also highlight areas of opportunity. Future success may hinge on improving these weaker aspects, particularly focusing on tokenomics and team strength, while continuing to leverage its product utility. All in all, while the project exhibits potential, potential investors should approach with caution and conduct thorough due diligence.

What is Frax Share?

 

The Frax Protocol introduces a unique innovation in the crypto space: the world’s first fractional-algorithmic stablecoin system. This breakthrough aims to deliver scalable, decentralized, algorithmic money, presenting an alternative to traditional fixed-supply digital assets such as Bitcoin. The fundamental analysis of the Frax Protocol cryptocurrency reveals it as a unique stablecoin that’s partially backed by collateral and partially regulated by algorithms. This hybrid approach allows for dynamic response to market fluctuations, with the protocol automatically adjusting the collateral ratio based on the FRAX stablecoin’s trading price.

Unveiling a New Class of Stablecoins

Frax Protocol has created a departure from the conventional triad of stablecoin categories, thereby pioneering the fourth class of fractional-algorithmic stablecoins. The Frax Protocol stands out due to its community-driven design, decentralized governance, and innovative fractional-algorithmic structure. Over 60% of FXS, the governance token, is distributed to liquidity providers and yield farmers over a specific period, emphasizing the community-driven aspect of the protocol.

Key Features of the Frax Protocol

The Frax Protocol features two key tokens: FRAX, the stablecoin aiming to maintain a value around $1 per coin, and Frax Shares (FXS), a governance token that accumulates fees, seigniorage revenue, and excess collateral value. In addition, the Frax Protocol relies on fully on-chain oracles such as Uniswap and Chainlink, ensuring accurate and decentralized price discovery. As of its launch in November 2020, Frax is the first protocol to integrate these unique attributes.

Fundamental analysis of the Frax Share cryptocurrency

Frax Share - FXS performance

GENERAL CRITERIA:

Score

SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

Go to Methodology

Content description

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

Related projects

DeFi - logo
SCORE: 7.13
RATING: Good
Osmosis - logo
SCORE: 7.55
RATING: Good
Ondo - logo
SCORE: 7.49
RATING: Good
GT Protocol logo
SCORE: 5.47
RATING: Average
vvs-finance LOGO
SCORE: 5.03
RATING: Average
seth2 LOGO
SCORE: 5.33
RATING: Average
defichain logo
SCORE: 6.60
RATING: Good
just logo
SCORE: 5.55
RATING: Average
thorchain logo
SCORE: 7.88
RATING: Good
rocket-pool logo
SCORE: 6.35
RATING: Good
kava logo
SCORE: 7.38
RATING: Good
pendle logo
SCORE: 7.31
RATING: Good
SushiSwap LOGO
SCORE: 7.27
RATING: Good
Pundi X logo
SCORE: 🔒
RATING: No rating
Liquity logo
SCORE: 6.44
RATING: Good
maverik prtocol logo
SCORE: 7.05
RATING: Good