Frankencoin Shares (FCS): What It Is, Uses and Risks

Frankencoin Shares (FCS) is a token issued on Ethereum that is tied to Frankencoin, a decentralized protocol that issues ZCHF, a stablecoin meant to track the Swiss franc. Frankencoin works as a collateralized debt position system. Users lock crypto such as ETH or WBTC, or tokenized assets, and mint ZCHF against it. Each position must stay worth more than the ZCHF it created. No bank or issuer holds reserves for ZCHF. Instead, a reserve pool funded by Frankencoin Pool Shares (FPS) absorbs any shortfall when a position is undercollateralized and liquidated. FCS is described as a one-to-one wrapper of FPS that carries governance rights over the protocol. Public categories place it among governance tokens and Ethereum ecosystem tokens. The data for this page does not include a launch date or consensus details, so those are not covered here.

According to the project description, FCS is used to govern Frankencoin, with the aim of improving the protocol's rules. Holders can take part in decisions about how the system is run. FCS also gives economic exposure to the reserve pool. Because each FCS wraps an underlying FPS, its value moves with the reserve's gains and losses, including savings expenses, losses from liquidations and any new capital added to the pool. One search result describes FCS as the way to own a share of the digital Swiss franc economy. A news item in public reporting mentions a planned listing on an international crypto exchange for Frankencoin, but it gives no details, so readers should confirm any listing directly with the project's official channels before relying on it.

As of 2026-11-03, the data shows a price of about $1,528 per FCS and a market capitalization of about $8.4 million. The fully diluted valuation is listed at the same figure. The token ranked 1,364th by market capitalization. About 5,516 FCS are circulating, out of a total supply of about 5,519. No maximum supply is given. The 7-day change was about +7.8%. The 24-hour trading volume and the one-year price change are not available in the data. The all-time high was about $1,566 on 2026-10-01, and the all-time low was about $1,342 on 2026-10-27. These figures change constantly and are shown only as a snapshot at the time of writing. They are not a forecast, and this page does not offer buy or sell guidance.

FCS is issued on Ethereum mainnet, and the data does not list it as the native token of any chain. The underlying ZCHF stablecoin runs on eight EVM-compatible chains: Ethereum, Polygon, Arbitrum, Optimism, Base, Avalanche, Gnosis and Sonic. Collateral and governance are anchored on Ethereum mainnet. This matters for transfers. Sending FCS to an address on a different network, or using a bridged version, may not work as expected or may lead to lost funds. Before moving tokens, confirm which network and contract address you are using, and check that the wallet or exchange supports that exact network.

The main risk is that FCS reflects the reserve pool's results. If the reserve takes losses from liquidations or pays out savings costs, the value behind each FCS can fall. Governance decisions can change the rules that the protocol follows, and the effect of a rule change may be hard to predict. Smart contract bugs or exploits are always possible in DeFi systems. The market is small, with a market capitalization of about $8.4 million at the time of writing, so prices may move sharply on modest trades. ZCHF is also not guaranteed to hold its tracking of the Swiss franc. For storage, a self-custody wallet that supports Ethereum is the usual choice. Confirm the token contract address through the project's official sources, since fake tokens are common, and consider sending a small test amount first. Nothing here is financial advice.