🚀 Binance Alpha x Owlto Finance ($OWL) 📅 Trading Opens: Jan 15, 2026 | ⏰ 10:00 UTC 🎁 Airdrop: 667 OWL tokens ⭐ Eligibility: 241+ Alpha Points (uses 15 points) ⏳ First-Come, First-Served ⬇️ Points drop by 5 every 5 mins if pool remains ✅ Confirm within 24 hours
Key Details About $FRAX Token Current Role: FRAX is now the scarce commodity asset and native gas token of the Fraxtal blockchain. It powers transaction fees (gas), provides network security through validator staking, and acts as a base monetary unit in the Frax ecosystem. Not a Stablecoin: Unlike the original FRAX stablecoin (which was USD-pegged and is now often called Legacy Frax Dollar or frxUSD and trades near ~$0.99–$1.00), this FRAX token is volatile and commodity-like (similar to a store-of-value asset with some Bitcoin-like properties in its design). Supply & Economics: It has a fixed emission schedule (starting with ~8% annual inflation that decreases over time to a 3% floor). There's also a Frax Burn Engine (FBE) that permanently burns tokens from ecosystem activities (fees, registrations, etc.), creating deflationary pressure. Not Governance Directly: FRAX itself isn't a governance token (that's handled via mechanisms like veFRAX staking/locking in protocols built on top). It's more of a utility/commodity base layer asset. Price Action in Your Chart: The screenshot shows FRAX/USDT at ~1.1762 with a massive +44.85% gain in 24 hours (and high of ~1.5740). This is a huge pump — likely driven by the recent rebranding/migration hype, Binance listing momentum, increased visibility on Fraxtal, or broader DeFi/altcoin rotation. 24h volume is solid (millions in both FRAX and USDT sides), and it's labeled as a top DeFi gainer.
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