$0.2974

Frax (FRAX) is the native asset of the Fraxtal blockchain, serving as its primary monetary unit and gas token. It is issued directly on the Fraxtal Layer 1 network, with no original issuance on other chains, though bridged versions exist. Frax operates under a fixed emission schedule that cannot be altered, and it is intended to function as a commodity-like store of value rather than a governance token. Its role includes providing network security through validators, with related upgrades planned for a future hardfork.

The Frax ecosystem includes a burn mechanism that permanently removes a portion of tokens from circulation, funded by sources such as network base fees. Its supply follows a tail emission schedule, starting with an annual inflation rate of 8% and decreasing by 1% per year until reaching a 3% floor after six years. These emissions are directed toward ecosystem growth, community initiatives, and the DAO treasury. While third-party protocols, including those within Frax Finance, may build staking or governance features on top of Frax, the asset itself does not confer governance rights over its own supply or issuance.