Frax Token is another fast rising coin in the cryptocurrency market today.
On this article, we are going to review Frax.
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The Frax Protocol introduced the world to the concept of a cryptocurrency being partially backed by collateral and partially stabilized algorithmically.
There are 236,722,873.56 FRAX in supply.
Pros of Frax
- A lot of investors are ‘flocking’ to invest
- It is now listed on Coinbase
- They are fully decentralized
Cons of Frax
- The coin is still under development
- Multiple issues with its synchronizations between ledgers
Is Frax Legit or Scam?
Due to the high rate of scam in cryptocurrency, a lot of traders have been trading in fear and most have also given up.
According to research, Frax is not a scam coin. It has been listed on top cryptocurrency wallets like Blockchain, Binance and lots more.
Follow our blog to learn about coin legitimacy. You can share your thoughts and experiences about Frax on the comment section below. Don’t forget to rate and leave a review.