Frax Price Reaches $1.00 on Major Exchanges (FRAX)

Frax (FRAX) traded 0.1% higher against the U.S. dollar during the 24 hour period ending at 8:00 AM ET on March 14th. Frax has a total market capitalization of $352.99 million and approximately $2.00 million worth of Frax was traded on exchanges in the last day. Over the last week, Frax has traded up 0.2% against the U.S. dollar. One Frax token can now be purchased for approximately $1.00 or 0.00001199 BTC on cryptocurrency exchanges.

Here’s how similar cryptocurrencies have performed over the last day:

• Taiko (TAIKO) traded 2.5% lower against the dollar and now trades at $0.64 or 0.00000764 BTC.
• Aidi Finance (BSC) (AIDI) traded down 2.2% 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 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded up 0.5% against the dollar and now trades at $83,140.56 or 0.99794364 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 0.3% lower against the dollar and now trades at $82,418.48 or 0.98927653 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.

About Frax

Frax’s launch date was December 20th, 2020. Frax’s total supply is 353,337,751 tokens. Frax’s official website is frax.finance. 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.”

Buying and Selling Frax

It is usually not presently possible to buy alternative cryptocurrencies such as Frax directly using US dollars. Investors seeking to acquire Frax should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Gemini 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