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The official Telegram group for Frax. https://frax.finance/ codebase: https://github.com/fraxfinance twitter: https://twitter.com/fraxfinance news: @fraxfinancenews trading: @fraxtrading
Very excited for the launch of BAMM and the ability to short anything on the exchange.
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no need to fully rebrand, just start calling it fraxUSD
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Think people saying the name Frax is bad just need to look at DAI. It worked, and people knew what it was 🤷♂️ Just a matter of being recognized and being lindy
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i think that is the first time a i see you agreeing with this. good to see.
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FXS cannot be valued as some inert token that is only analyzed as a fee token. That is a recipe for mediocrity. We won't go down that route. FXS should be the scarce unifying asset of the entire Frax universe that has one of the largest and most vibrant communities and users in crypto. Part of the reason FXS sentiment is meh is because we've all (including community) drank the kool aid of P/E valuation metrics and apply them to every token other than BTC & memecoins. We need to return to what made Frax great originally.
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I do agree with this, perhaps it's time for a refresh of asset names and mechanics.
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3. FXS voting is window dressing, bluechip correctly states voter majority is with team
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op-ed: fraxtal should have never been developed, rather bridge everywhere and grow adoption. own chain is playing offside
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thats a lot of if's to tweet so bold but thats just my opinion
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They sometimes miss the dates they go public with, but they manage what they set out to do 👍
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FXS will have its green days again, sub 100% CR and confirming the utility of FTXL points will be holding back the buyers of FXS right now, but these will be resolved with time. now is the time to build a position.
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Anyways, if a renaming convention were to take place only frxUSD and frxFLAT should be considered for continuity
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I think what made Frax great originally was the decentralization and the profit generating. My issue with changing FRAX's name is that it removes all of our brand-recognition and we'll look like just another new xUSDx token.
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This is actually a great short summarization that is easy to understand 👍 Kudos to you for writing it like that
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FXS should not just be a gov/voting token. It needs to be the unified scarce asset that provides security, earns seigniorage (what made frax originally famous), and everything else that it currently does.
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FXS should also be gas on Fraxtal sooner than later, unify everything around FXS, only way to acquire future FXS emissions through FXTL points, simple to understand, one unifying token. These are good points.
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I can't say many things I know publicly but you'd be surprised who else is building their own chain. The exact entity you're talking about is doing the same thing we are but just hasn't announced it. I respect your opinion, and you should continue to express it, but just know you have some of these things completely reversed in terms of facts.
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2. name FRAX is horrid, USDX or similar, since dollar is known brand to lean on
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tether invest in 'sorted' wallet, which is developing country light wallet for lowtech phones, thats where FRAX should shine, get adoption going
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CR 100% is probably needed before and more chance to get it if Trump elected
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Im just asking a question here brother, just trying to find if i missed something or should remain bookmarked to this tweet
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