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TechFlow reports that stablecoin protocol Frax Finance has announced the launch of its domain name service, FNS, which is now open for user applications. FNS is a fork of the Ethereum Name Service (ENS) within the Frax ecosystem. It retains ENS's core functionality but burns FXS tokens instead.
Every year, 1,000 three-letter FNS domain names will burn one million FXS tokens.
Stablecoin protocol Frax Finance has announced the launch of its domain name service, FNS, which is now open for user registration. FNS is a fork of the Ethereum Name Service (ENS) within the Frax ecosystem. It retains ENS's core functionality, but FNS burns FXS tokens instead. Each year, 1,000 three-letter FNS domains will burn 1 million FXS tokens.
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