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. One Frax Price Index Share token can now be bought for about $0.56 or 0.00000618 BTC on cryptocurrency exchanges. Frax Price Index Share has a market capitalization of $17.06 million and approximately $5,003.44 worth of Frax Price Index Share was traded on exchanges in the last 24 hours. During the last seven days, Frax Price Index Share has traded up 7.6% against the US dollar.

Here’s how related 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 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.
• SolvBTC (SOLVBTC) traded 0.2% higher against the dollar and now trades at $90,325.44 or 0.99801391 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 0.7% lower against the dollar and now trades at $89,907.11 or 0.99339183 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.

Frax Price Index Share Token Profile

Frax Price Index Share launched on April 9th, 2022. Frax Price Index Share’s total supply is 99,540,925 tokens and its circulating supply is 30,485,706 tokens. Frax Price Index Share’s official website 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 buy alternative cryptocurrencies such as Frax Price Index Share directly using US dollars. Investors seeking to acquire Frax Price Index Share should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Frax Price Index Share using one of the exchanges listed above.

FPIS/USD price chart by TradingView