What is Legacy Frax Dollar?
Legacy Frax Dollar is a blockchain-based stablecoin designed to maintain parity with the US dollar. It operates on the Ethereum blockchain and was launched several years ago, gaining traction among traders and participants in staking operations. The coin is structured to provide a consistent and reliable value in the otherwise volatile landscape of digital assets.
Legacy Frax Dollar goals
Legacy Frax Dollar aims to offer a dependable medium of exchange by addressing the volatility challenges present in many cryptocurrencies. It is designed to provide transactional stability that benefits digital trading and staking activities. Its consistent value makes it suitable for a range of decentralized finance applications that require a stable asset.
Legacy Frax Dollar fondamentals
Legacy Frax Dollar features a circulating supply represented by 314401093 FRAX tokens and achieves a market capitalization of approximately $314138322. This structure supports strong liquidity and reinforces its role in trading and staking environments.
Marketcap
$0.31413832B
Total number of Legacy Frax Dollar
314401093 FRAX
Legacy Frax Dollar technology
The coin is built on the Ethereum blockchain, leveraging smart contracts to execute secure and transparent transactions. Its design incorporates on-chain mechanisms to help maintain its stable value without external intervention. This technological framework also facilitates seamless integration with various decentralized finance applications, reinforcing its overall utility.
Legacy Frax Dollar competitors
Legacy Frax Dollar differentiates itself by emphasizing stability and security, offering a reliable alternative to more volatile cryptocurrencies. Its foundation on the Ethereum blockchain, along with smart contract-driven processes, provides enhanced transparency and compatibility with decentralized finance platforms. These attributes give it a competitive edge over projects that do not prioritize price stability or broad integration.
Legacy Frax Dollar price history
Frequently asked questions
Legacy Frax Dollar is a stablecoin created to provide a consistent value relative to the US dollar. It operates on the Ethereum blockchain and is widely used in trading and staking activities. Its design focuses on offering stability in the dynamic world of cryptocurrencies.
Legacy Frax Dollar is built on the Ethereum blockchain, which provides a secure and decentralized framework for its operations. The use of smart contracts ensures transactions are transparent and automated. This integration also supports various decentralized finance applications.
The circulating supply of Legacy Frax Dollar is represented by 314401093 FRAX tokens, highlighting its extensive distribution. This measure is crucial for its liquidity and stability in the market. A broad circulating supply also reinforces its adoption across trading and staking platforms.
The coin maintains its stability by being pegged to a fiat standard, helping to mitigate the volatility seen in other digital assets. Smart contract mechanisms work continuously to keep its value in line with this peg. This approach ensures a reliable medium of exchange for transactions that demand a consistent value.
Legacy Frax Dollar has a market capitalization of approximately $314138322, reflecting its established position in the cryptocurrency market. This metric indicates a strong level of adoption and trust among users. A robust market cap further underscores its effectiveness as a stable medium of exchange.
The main applications of Legacy Frax Dollar include digital trading and staking, where its price stability offers significant advantages. It is also integrated into decentralized finance platforms, facilitating secure and predictable transactions. These use cases make it a valuable asset for users seeking to minimize exposure to market volatility.
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