Frax Share Self Reported Market Capitalization Hits $182.77 Million (FXS)

Frax Share (FXS) traded up 4.4% against the dollar during the 24 hour period ending at 16:00 PM E.T. on October 21st. Frax Share has a total market capitalization of $182.77 million and approximately $29.62 million worth of Frax Share was traded on exchanges in the last 24 hours. One Frax Share token can now be purchased for about $2.18 or 0.00003219 BTC on popular exchanges. During the last seven days, Frax Share has traded 0.2% higher against the dollar.

Here is how other cryptocurrencies have performed during the last 24 hours:

• 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 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 up 17.8% against the dollar and now trades at $0.0944 or 0.00000139 BTC.
• P2P Solutions foundation (P2PS) traded down 1.1% against the dollar and now trades at $172.99 or 0.00255680 BTC.

Frax Share Token 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 83,903,348 tokens. The official website for Frax Share is frax.finance. Frax Share’s official Twitter account is @fraxfinance and its Facebook page is accessible here.

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 presently possible to purchase alternative cryptocurrencies such as Frax Share directly using US dollars. Investors seeking to acquire Frax Share should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Frax Share using one of the aforementioned exchanges.

FXS/USD price chart by TradingView