Frax Price Index Share (FPIS) Achieves Self Reported Market Capitalization of $17.06 Million

Frax Price Index Share (FPIS) traded up 0.6% against the US dollar during the one day period ending at 10:00 AM Eastern on November 18th. Frax Price Index Share has a total market capitalization of $17.06 million and approximately $5,003.44 worth of Frax Price Index Share was traded on exchanges in the last day. In the last week, Frax Price Index Share has traded 7.6% higher against the US dollar. One Frax Price Index Share token can currently be purchased for $0.56 or 0.00000618 BTC on major exchanges.

Here’s how related cryptocurrencies have performed in the last day:

• 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 2.2% lower 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.
• SolvBTC (SOLVBTC) traded up 0.2% against the dollar and now trades at $90,325.44 or 0.99801391 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded down 0.7% against the dollar and now trades at $89,907.11 or 0.99339183 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.

Frax Price Index Share Profile

Frax Price Index Share’s launch date was April 9th, 2022. Frax Price Index Share’s total supply is 99,540,925 tokens and its circulating supply is 30,485,706 tokens. The official website for Frax Price Index Share is app.frax.finance. Frax Price Index Share’s official Twitter account is @fraxfinance and its Facebook page is accessible here.

According to CryptoCompare, “Frax is a fractional-algorithmic stablecoin protocol. Frax is open-source, permissionless, and entirely on-chain – currently implemented on Ethereum and 12 other chains. The end goal of the Frax protocol is to provide a highly scalable, decentralized, algorithmic money in place of fixed-supply digital assets like BTC. The Frax ecosystem has 2 stablecoins: FRAX (pegged to the US dollar) & FPI (pegged to the Consumer Price Index).”

Frax Price Index Share Token Trading

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

FPIS/USD price chart by TradingView