Frax Share (FXS) Price Hits $4.75 on Major Exchanges

Frax Share (FXS) traded down 1.5% against the US dollar during the 1 day period ending at 12:00 PM Eastern on April 17th. One Frax Share token can currently be purchased for about $4.75 or 0.00007832 BTC on major cryptocurrency exchanges. Frax Share has a total market capitalization of $375.00 million and $20.84 million worth of Frax Share was traded on exchanges in the last day. Over the last week, Frax Share has traded 28.9% lower against the US dollar.

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

• KILT Protocol (KILT) traded 4.4% lower against the dollar and now trades at $0.32 or 0.00000532 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.
• Kitty Inu (KITTY) traded up 1.9% against the dollar and now trades at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Lego Coin (LEGO) traded flat against the dollar and now trades at $0.0086 or 0.00000013 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded 0.6% higher against the dollar and now trades at $0.0086 or 0.00000014 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

About Frax Share

Frax Share launched on December 20th, 2020. Frax Share’s total supply is 99,681,496 tokens and its circulating supply is 78,958,626 tokens. The official website for Frax Share 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.”

Buying and Selling Frax Share

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

FXS/USD price chart by TradingView