According to PANews, the stablecoin protocol Frax Finance announced the launch of the domain name service FNS, which is now open to users for application. FNS is a branch of the Ethereum Domain Name Service (ENS) in the Frax ecosystem. It retains the core functions of ENS, but FNS destroys FXS tokens. Every year, 1,000 three-letter FNS domain names will burn 1 million FXS tokens.
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Frax Finance launches domain name service FNS and destroys FXS tokens
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