Frax Share (FXS) Price Tops $2.17

Frax Share (FXS) traded 2.6% higher against the US dollar during the 1 day period ending at 11:00 AM Eastern on October 14th. Frax Share has a total market cap of $179.58 million and $11.79 million worth of Frax Share was traded on exchanges in the last day. One Frax Share token can now be purchased for $2.17 or 0.00003290 BTC on major exchanges. During the last seven days, Frax Share has traded 4.4% higher against the US dollar.

Here’s how other cryptocurrencies have performed during 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 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 down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded down 0.1% against the dollar and now trades at $0.0499 or 0.00000077 BTC.
• P2P Solutions foundation (P2PS) traded up 5.4% against the dollar and now trades at $167.77 or 0.00254343 BTC.

About Frax Share

Frax Share’s genesis date was December 20th, 2020. Frax Share’s total supply is 99,681,496 tokens and its circulating supply is 82,741,440 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.”

Frax Share Token Trading

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

FXS/USD price chart by TradingView