Where and how to buy Frax Protocol in Vanuatu
Step-by-step guide
Step 1: Create a Bitget account.
Step 2: Complete Bitget's identity verification.
Step 3: Place a Frax Protocol order through any of the various payment options provided.
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget website
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget website
Step 4:Monitor Frax Protocol in your Bitget spot account
Alternative methods to obtain Frax Protocol in Vanuatu
Convert crypto to Frax Protocol with Bitget Convert
Swap on-chain assets to Frax Protocol with Bitget Swap
Methods to obtain Frax Protocol for free
Buy other cryptos
Buy Frax Protocol in a different country
How to buy Frax Protocol in other countries?
What can you do with Frax Protocol?
Store/Hold Frax Protocol
Many users hold on to their Frax Protocol with the expectation of it increasing in value. You can store your FXS safely on your Bitget account or on our crypto wallet app BG Wallet, the most user-friendly and secure mobile wallet.
Trade Frax Protocol
You can trade Frax Protocol for 150+ cryptocurrencies on Bitget’s industry-leading, fast, and secure trading platform. Bitget offers many trading pairs for Frax Protocol trading to meet your needs.
Send Frax Protocol
Yes, Bitget allows you to easily transfer value around the world, fast. You can buy Frax Protocol online and send to anyone and anywhere with their Frax Protocol address.
Spend Frax Protocol
You can also buy goods and services with your Frax Protocol. More and more vendors and retailers accept Frax Protocol every day.
Donate Frax Protocol
Bitget Charity accepts Frax Protocol donations for global projects that aim to improve the lives of people in the bottom billion. You can donate Frax Protocol so no one misses out on the growth made possible by blockchain.
Learn More About Frax Protocol
You can read more in-depth articles on Frax Protocol from Bitget Research and study how cryptocurrencies like Frax Protocol work on Bitget Academy
Market stats to assist in determining optimal times for purchasing Frax Protocol
What is Frax Protocol (FXS)?
Frax Protocol is a DeFi protocol on Ethereum that introduces the first partially collateralized and partially algorithmic stablecoin. Its goal is to create a new type of cryptocurrency that is decentralized, scalable, and managed by algorithms to replace digital assets with fixed supply. The team behind Frax believes that such cryptos have better efficiency and is proud that their stablecoin is the only algorithmic stablecoin to have never lost peg.
The FRAX stablecoin of Frax Protocol currently exists on 7 chains, namely Ethereum, Polygon, Avalanche, BNB Chain, Fantom, Harmony, and Moonriver.
Frax Protocol was founded in 2019 by Sam Kazemian, Jason Huan, and Travis Moore.
How Frax Protocol (FXS) Works
Frax operates with two tokens: the fractionally-algorithmic stablecoin FRAX and the governance token FXS (FRAX Shares). The collateral ratio, price, and supply of FRAX, as well as the price and supply of FXS intricately influence one another, and they all are adjusted dynamically using algorithms. The time-weighted average of Uniswap pair price and the ETHUSD Chainlink Oracle are also variables that play a part in determining the price and collateral of FRAX. These sophisticated mechanisms allow FRAX to stay on peg and they can be modified through governance.
How Many Frax Protocol (FXS) Tokens Are in Circulation?
The hard cap on supply of FXS is 100 million, and the circulating supply is 16.2 million.
How to Buy Frax Protocol (FXS)
Consider investing in Frax Protocol (FXS)? It only takes 2 minutes to create an account on Bitget and start trading FXS.
Check out the available FXS trading pairs on Bitget!
Spot market
Frax Protocol (FXS) Resources
Buy Frax Protocol in Vanuatu with Bitget
How to safely store your Frax Protocol
- Sign up and transfer FXS to your Bitget account.
- Alternatively, use Bitget Wallet as a self-custody solution for your FXS.
How to withdraw Frax Protocol with Bitget's hassle-free withdrawal process
Sitting north of Australia is the archipelago of Vanuatu, a nation deep in the heart of Oceania and the South Pacific Ocean. With a combined land coverage of just upwards of 12,000 square kilometers, the country is home to 307,000 people that together generate a GDP of US$957 million USD.
Port Vila is Vanuatu's seaside capital and also serves as the main business hub. There, you’ll find colorful market stalls selling all kinds of local goods and handicrafts in the harbourside town’s small downtown area. There are also other more conventional tourist attractions such as the Vanuatu Cultural Centre and the National Museum of Vanuatu. For diving enthusiasts, Port Vila also serves as the base for diving trips around the area. Nature lovers should also visit Mele Cascades, a multi-tiered waterfall with rock pools all encompassed by the rainforest.The official currency of Vanuatu is the Vatu (VUV), and with it, you can purchase cryptocurrencies in just a matter of minutes, no matter where you are in the country, from Gibraltar City to Catalan Bay to Hardy Town. Our exchange offers a series of secure payment options to make trading easier for you, including P2P trading, crypto deposits, and other third-party merchants such as Apple Pay, Google Pay, and different credit card services.
FXS to local currency
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