Frax (FRAX) Price Hits $1.00 on Major Exchanges

Frax (FRAX) traded down 0.2% against the US dollar during the 1 day period ending at 7:00 AM Eastern on March 19th. One Frax token can currently be purchased for about $1.00 or 0.00003683 BTC on major cryptocurrency exchanges. Frax has a total market capitalization of $1.04 billion and $8.91 million worth of Frax was traded on exchanges in the last day. Over the last week, Frax has traded 3.8% higher against the US dollar.

Here is how other cryptocurrencies have performed over the last day:

• KILT Protocol (KILT) traded 8.1% lower against the dollar and now trades at $0.40 or 0.00001483 BTC.
• Aidi Finance (BSC) (AIDI) traded 0.4% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2% against the dollar and now trades at $0.0675 or 0.00000249 BTC.
• CareCoin (CARES) traded down 2% against the dollar and now trades at $0.0838 or 0.00000309 BTC.
• OmniaVerse (OMNIA) traded up 49.2% against the dollar and now trades at $0.0013 or 0.00000005 BTC.
• Kitty Inu (KITTY) traded down 2% against the dollar and now trades at $100.18 or 0.00369574 BTC.
• FEG Token (FEG) traded down 2% against the dollar and now trades at $0.0008 or 0.00000003 BTC.
• Hokkaidu Inu (HOKK) traded 3.7% lower against the dollar and now trades at $0.0007 or 0.00000002 BTC.
• QANplatform (QANX) traded 2% lower against the dollar and now trades at $7,281.76 or 0.26861927 BTC.
• Lego Coin (LEGO) traded down 8.5% against the dollar and now trades at $0.0163 or 0.00000060 BTC.

About Frax

Frax launched on December 16th, 2020. Frax’s total supply is 1,044,853,133 tokens. The official website for Frax is frax.finance/#welcome. Frax’s official Twitter account is @fraxfinance and its Facebook page is accessible here.

According to CryptoCompare, “Frax attempts to be the first stablecoin protocol to implement design principles of both to create a highly scalable, trustless, extremely stable, and ideologically pure on-chain money. The Frax protocol is a two-token system encompassing a stablecoin, Frax (FRAX), and a governance token, Frax Shares (FXS). The protocol also has pool contracts which hold collateral (at genesis USDT and USDC). Pools can be added or removed with governance.”

Frax Token Trading

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

FRAX/USD price chart by TradingView