What are the risks associated with transferring Frax (prev. FXS)?

Digital asset prices can be volatile, and users should verify contract addresses and networks before transferring assets. Self-custody requires secure handling of private keys.

How can I verify the acquisition of Frax (prev. FXS)?

Verify the asset name, network, and any contract details before transferring. Ensure the destination address is correct.

Where can I find official resources for Frax (prev. FXS)?

Official resources for Frax (prev. FXS) can be found on their website at https://frax.com and their GitHub repository at https://github.com/fraxfinance.

Frax (prev. FXS) (FRAX)

Rank #519

Market snapshot

Price: $0.29479
Market cap: $27.6M
24h volume: $537,258.03
Circulating supply: 93,615,376.9879
Total supply: 99,681,495.5911
Max supply: 99,681,495.5911

What is Frax (prev. FXS)?

Frax (prev. FXS) is a digital asset that operates on the Ethereum network and is categorized under the DeFi and Ethereum ecosystem tags. It is designed to function within decentralized finance applications, allowing users to engage in various financial activities without the need for traditional banking systems.

Key information

Symbol: FRAX
CMC rank: #519
Network / platforms: Arbitrum, Avalanche C-Chain, BNB Chain, Ethereum
Categories: N/A
Date added: Sep 8, 2020

Contract address

Contract addresses are stored from CoinMarketCap metadata and are shown as recorded. CoinLoom does not independently certify them as official.

Arbitrum
0x9d2f299715d94d8a7e6f5eaa8e654e8c74a988a7
Avalanche C-Chain
0xD67de0e0a0Fd7b15dC8348Bb9BE742F3c5850454
BNB Chain
0xe48A3d7d0Bc88d552f730B62c006bC925eadB9eE

Official resources

Risks

Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.

Transfer and custody notes

Verify the asset name, network, and any supplied contract details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.

FAQ

What is Frax (prev. FXS)?: Frax (prev. FXS) is a digital asset identified by the symbol FRAX, operating primarily within the decentralized finance space.
What are the risks associated with transferring Frax (prev. FXS)?: Digital asset prices can be volatile, and users should verify contract addresses and networks before transferring assets. Self-custody requires secure handling of private keys.
How can I verify the acquisition of Frax (prev. FXS)?: Verify the asset name, network, and any contract details before transferring. Ensure the destination address is correct.
Where can I find official resources for Frax (prev. FXS)?: Official resources for Frax (prev. FXS) can be found on their website at https://frax.com and their GitHub repository at https://github.com/fraxfinance.

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