Why You Should Own ATLEAST +150 Frax Finance🤑 FXS Price Prediction

Why You Should Own ATLEAST +150 Frax Finance🤑 FXS Price Prediction
Frax Shares (FXS) is the governance token which accrues fees, seigniorage revenue, and excess collateral value. And it's what you wanna have exposure to if after this video you believe frax will be thee go to stable coin. Why? Well for the last couple months up until the recent dip $FRAX’s demand has been steadily increasing, and $FXS price reflects it. FXS went up about 1200% in less than a year with only 17 mil coins in circulation. However The FXS token has the potential of upside and downside of the system, where the delta changes in value are always stabilized away from the FRAX token itself. FXS supply is initially set to 100 million tokens at genesis, but the amount in circulation will likely be deflationary as FRAX is minted at higher algorithmic ratios. The design of the protocol is such that FXS would be largely deflationary in supply as long as FRAX demand grows. Which is what we’re seeing. Additionally, as the market cap of FXS increases, so does the system’s ability to keep FRAX stable. Thus, the priority in the design is to accrue maximal value to the FXS token while maintaining FRAX as a stable currency.

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DISCLAIMERS: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.


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