Frax Share (FXS) Trading 5.7% Higher Over Last 7 Days

Frax Share (FXS) traded up 1% against the US dollar during the 24-hour period ending at 16:00 PM Eastern on September 19th. One Frax Share token can currently be purchased for about $5.39 or 0.00019844 BTC on popular exchanges. Frax Share has a total market cap of $397.55 million and $14.91 million worth of Frax Share was traded on exchanges in the last day. During the last week, Frax Share has traded up 5.7% against the US dollar.

Here is how related cryptocurrencies have performed during the last day:

• KILT Protocol (KILT) traded 3.7% higher against the dollar and now trades at $0.28 or 0.00001028 BTC.
• 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 down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• OmniaVerse (OMNIA) traded down 0.8% against the dollar and now trades at $0.0010 or 0.00000004 BTC.
• Kitty Inu (KITTY) traded up 1.9% against the dollar and now trades at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) traded 0.3% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Lego Coin (LEGO) traded 0% lower against the dollar and now trades at $0.0086 or 0.00000032 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 0.2% lower against the dollar and now trades at $0.0076 or 0.00000028 BTC.

Frax Share Profile

Frax Share launched on December 20th, 2020. Frax Share’s total supply is 99,681,496 tokens and its circulating supply is 73,696,639 tokens. Frax Share’s official website 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 possible to buy alternative cryptocurrencies such as Frax Share directly using U.S. dollars. Investors seeking to acquire Frax Share should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Frax Share using one of the aforementioned exchanges.

FXS/USD price chart by TradingView