Frax Share (FXS) Market Cap Tops $630.23 Million

Frax Share (FXS) traded down 4% against the U.S. dollar during the 24-hour period ending at 12:00 PM Eastern on March 19th. Frax Share has a total market capitalization of $630.23 million and approximately $40.87 million worth of Frax Share was traded on exchanges in the last 24 hours. During the last seven days, Frax Share has traded 15.7% higher against the U.S. dollar. One Frax Share token can now be purchased for about $8.46 or 0.00030551 BTC on exchanges.

Here’s how similar cryptocurrencies have performed during the last 24 hours:

• KILT Protocol (KILT) traded down 8% against the dollar and now trades at $0.40 or 0.00001437 BTC.
• Aidi Finance (BSC) (AIDI) traded down 0% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded up 0.3% against the dollar and now trades at $0.0684 or 0.00000248 BTC.
• CareCoin (CARES) traded 0.3% higher against the dollar and now trades at $0.0849 or 0.00000307 BTC.
• OmniaVerse (OMNIA) traded 2% lower against the dollar and now trades at $0.0012 or 0.00000004 BTC.
• Kitty Inu (KITTY) traded up 0.3% against the dollar and now trades at $101.47 or 0.00367618 BTC.
• FEG Token (FEG) traded up 0.3% against the dollar and now trades at $0.0008 or 0.00000003 BTC.
• Hokkaidu Inu (HOKK) traded 0.6% lower against the dollar and now trades at $0.0007 or 0.00000002 BTC.
• QANplatform (QANX) traded up 0.3% against the dollar and now trades at $7,375.38 or 0.26719740 BTC.
• Lego Coin (LEGO) traded 8.5% lower against the dollar and now trades at $0.0164 or 0.00000059 BTC.

Frax Share Token Profile

Frax Share’s genesis date was December 16th, 2020. Frax Share’s total supply is 99,822,984 tokens and its circulating supply is 74,512,524 tokens. Frax Share’s official Twitter account is @fraxfinance and its Facebook page is accessible here. Frax Share’s official website is frax.finance/#welcome.

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 purchase alternative cryptocurrencies such as Frax Share directly using US dollars. Investors seeking to trade Frax Share should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Frax Share using one of the aforementioned exchanges.

FXS/USD price chart by TradingView