Frax Share Price Tops $2.21 on Top Exchanges (FXS)

Frax Share (FXS) traded 1% lower against the dollar during the 1-day period ending at 21:00 PM E.T. on September 30th. In the last seven days, Frax Share has traded up 13.7% against the dollar. One Frax Share token can now be bought for about $2.21 or 0.00003477 BTC on cryptocurrency exchanges. Frax Share has a total market cap of $182.42 million and $16.25 million worth of Frax Share was traded on exchanges in the last 24 hours.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded 4.2% lower against the dollar and now trades at $0.0502 or 0.00000079 BTC.
• P2P Solutions foundation (P2PS) traded down 1% against the dollar and now trades at $169.49 or 0.00266799 BTC.

Frax Share Profile

Frax Share was first traded on December 20th, 2020. Frax Share’s total supply is 99,681,496 tokens and its circulating supply is 82,572,330 tokens. Frax Share’s official Twitter account is @fraxfinance and its Facebook page is accessible here. The official website for Frax Share is frax.finance.

According to CryptoCompare, “The Frax Share token (FXS) is a non-stable, utility token that holds rights to governance and all utility of the Frax protocol. It has a highly governance-minimized approach to designing trustless money and eschews DAO-like active management. FXS tokens can be used for adding/adjusting collateral pools, adjusting various fees, and refreshing the rate of the collateral ratio. The FXS token has the potential for upside and downside utility of the system, and the supply is initially set to 100 million tokens at genesis. The design of the protocol is such that FXS would be largely deflationary in supply as long as FRAX demand grows.”

Frax Share Token Trading

It is usually not possible to buy alternative cryptocurrencies such as Frax Share directly using US dollars. Investors seeking to acquire Frax Share should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Frax Share using one of the aforementioned exchanges.

FXS/USD price chart by TradingView