frax logo download PNG or SVG

Information about frax

Frax is a centralized stablecoin cryptocurrency that operates on the Ethereum blockchain. It aims to maintain a stable value by combining elements of both algorithmic stablecoins and collateralized stablecoins. Frax uses a two-token system, consisting of Frax (FRAX) and Frax Shares (FXS).

Frax Tokens (FRAX) are designed to be pegged to the US dollar, with the main goal being to keep the price as close to $1 as possible. These tokens are algorithmically controlled, and their supply adjusts based on demand to maintain stability.

Frax Shares (FXS) are the governance token of the Frax protocol. They give holders the ability to participate in and influence the decision-making process of the Frax ecosystem.

For those who want to download the Frax logo, we have compiled a list of all the major cryptocurrencies in PNG and SVG format. Our collection includes logos for Bitcoin, Ethereum, Litecoin, Ripple, Dash, Monero, Zcash, and many more. All of them are available in PNG format. And if you want to show support for one of the cryptocurrencies, our collection of logos is at your disposal, including the Frax logo.