Frax Price Index Share (FPIS) Reaches Self Reported Market Capitalization of $30.99 Million

Frax Price Index Share (FPIS) traded 4.1% higher against the US dollar during the 1-day period ending at 20:00 PM Eastern on April 29th. In the last week, Frax Price Index Share has traded up 15.4% against the US dollar. One Frax Price Index Share token can currently be bought for $1.09 or 0.00001707 BTC on major exchanges. Frax Price Index Share has a total market cap of $30.99 million and approximately $147,194.44 worth of Frax Price Index Share was traded on exchanges in the last 24 hours.

Here is how related cryptocurrencies have performed in the last 24 hours:

• KILT Protocol (KILT) traded 1.9% lower against the dollar and now trades at $0.29 or 0.00000453 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 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.
• Kitty Inu (KITTY) traded up 1.9% against the dollar and now trades at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• BitcoinBR (BTCBR) traded up 48,318,147.4% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Lego Coin (LEGO) traded flat against the dollar and now trades at $0.0086 or 0.00000013 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 down 1.3% against the dollar and now trades at $0.0096 or 0.00000015 BTC.

Frax Price Index Share Token Profile

Frax Price Index Share was first traded on April 9th, 2022. Frax Price Index Share’s total supply is 100,000,000 tokens and its circulating supply is 28,340,787 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 possible to purchase alternative cryptocurrencies such as Frax Price Index Share directly using U.S. dollars. Investors seeking to trade Frax Price Index Share should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Frax Price Index Share using one of the aforementioned exchanges.

FPIS/USD price chart by TradingView