Frax Share (FXS) Achieves Self Reported Market Capitalization of $173.33 Million

Frax Share (FXS) traded 3.8% lower against the U.S. dollar during the twenty-four hour period ending at 18:00 PM Eastern on October 15th. One Frax Share token can currently be bought for $2.09 or 0.00003135 BTC on popular cryptocurrency exchanges. Frax Share has a total market cap of $173.33 million and $14.96 million worth of Frax Share was traded on exchanges in the last day. Over the last seven days, Frax Share has traded 3.4% higher against the U.S. dollar.

Here is how other cryptocurrencies have performed over the last day:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower 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 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded down 11.6% against the dollar and now trades at $0.0457 or 0.00000069 BTC.
• P2P Solutions foundation (P2PS) traded 1.2% lower against the dollar and now trades at $168.16 or 0.00251692 BTC.

Frax Share Profile

Frax Share’s launch date was December 20th, 2020. Frax Share’s total supply is 99,681,496 tokens and its circulating supply is 82,742,561 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 trade Frax Share should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, GDAX or Coinbase. 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