Frax Share (FXS) Reaches Self Reported Market Capitalization of $154.99 Million

Frax Share (FXS) traded down 5.8% against the U.S. dollar during the twenty-four hour period ending at 14:00 PM Eastern on October 26th. Frax Share has a total market cap of $154.99 million and approximately $15.76 million worth of Frax Share was traded on exchanges in the last day. In the last seven days, Frax Share has traded down 5.1% against the U.S. dollar. One Frax Share token can now be purchased for approximately $1.85 or 0.00002754 BTC on popular cryptocurrency exchanges.

Here is how similar cryptocurrencies have performed in 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 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 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded up 8.9% 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 0% lower against the dollar and now trades at $0.0944 or 0.00000141 BTC.
• P2P Solutions foundation (P2PS) traded 1.3% lower against the dollar and now trades at $160.22 or 0.00239034 BTC.

Frax Share Profile

Frax Share launched on December 20th, 2020. Frax Share’s total supply is 99,681,496 tokens and its circulating supply is 83,956,436 tokens. Frax Share’s official Twitter account is @fraxfinance and its Facebook page is accessible here. Frax Share’s official website 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.”

Buying and Selling Frax Share

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

FXS/USD price chart by TradingView