Live crypto prices >> Frax (FRAX)
Frax price refreshes every 10 seconds.
Convert AUD to Frax (FRAX).
What is Today’s Frax price?
Today’s FRAX price is AU$ 1.44 and it is currently ranked #49 with a volume of AU$ 14,695,545.
On our Frax live price page, you can find the most up to date price right at the top of this page which updates every ten seconds.
Our extremely popular converter tool allows you to quickly check how much Frax is worth in your favourite currency.
And right at the bottom of the page, we have displayed live charts for you to follow today’s market.
We also show you exactly where you can easily buy your Frax below.
Where to Buy Frax?
There are many crypto exchanges Australians can use, however, the best exchange for Aussies is, without a doubt, Swyftx.
This exchange is super easy to use, and it’s based in Brisbane; from Aussies for Aussies!
Over 550,000 Australians are using this exchange and with the features it has to offer you can see why.
For a limited time, only you get $20 BTC FREE just for creating your first account. Find further information on how to get your $20 BTC here.
Make sure promotion cryption20 applied is displayed before finishing the sign-up process or you might not receive the $20 sign up bonus.
What is Frax?
Frax is a unique stablecoin with a part of its supply backed by collateral and a part of the supply is algorithmically generated.
This depends on the market’s pricing of the FRAX stablecoin. If the value of your crypto assets rises above $1, the protocol decreases the collateral ratio. If FRAX is trading at less than $1, the protocol will increase the collateral ratio.
The FRAX Protocol is the first fractional-algorithmic stablecoin system. It is an open-source, permissionless blockchain that is currently running entirely on Ethereum but will most likely feature cross-platform implementations in the future.
The end goal of the Frax protocol is to provide highly scalable, decentralized, and algorithmic money in place of fixed-supply digital assets like Bitcoin.