Frax founder: FXS will be Fraxchain’s gas token to share network sorter revenue

Sam Kazemian, the founder of Frax Finance, shared more details about Fraxchain with the community on the official Telegram channel early this morning. Sam mentioned that Fraxchain will be a universal Rollup, not a chain designed specifically for Frax Finance, and any type of application can be deployed on Fraxchain. FXS will be the gas token for Fraxchain, which can share network sequencer revenue and can also be used to regulate the decentralized mechanism of the sequencer after future updates.