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Redficrypto-Gonzalez

Good I was recently reading about FPI, let's see if

I understood the concept correctly, its purpose is to fight inflation and have a stable currency that exceeds it (or at least equals it). So I understand that the value is not destined to be 1$ always, it will go up in value as inflation does too, right?

#cryptocurrency #english #frax
0

3 ответов

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Redficrypto-Gonzalez Автор вопроса

?? nobody

0
14.04.2022
Yeonwoo-Seo

Yup that is correct. To clarify it is pegged to the CPI and the FPIS token is used to govern the FPI stablecoin.

0
14.04.2022
Andy - IQ & Frax Finance 🧠-(Slow Replies @ T2049)

Sorry I missed your message David. It started at $1 but it is slightly higher now as it grows at the inflation rate against the dollar. Similarly, if the dollar actually becomes deflationary like you said and gains purchasing power against all consumer goods then the FPI will go down against the dollar.

0
14.04.2022

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