Frax Self Reported Market Cap Tops $278.22 Million (FRAX)

Frax (FRAX) traded 0% higher against the US dollar during the 24 hour period ending at 8:00 AM ET on January 8th. Frax has a market cap of $278.22 million and $7.54 million worth of Frax was traded on exchanges in the last day. One Frax token can currently be purchased for $0.99 or 0.00001105 BTC on popular cryptocurrency exchanges. In the last week, Frax has traded 0.2% higher against the US dollar.

Here is how similar cryptocurrencies have performed in the last day:

• 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 down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded down 2.2% against the dollar and now trades at $89,814.45 or 0.99952593 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

Frax Profile

Frax’s genesis date was December 21st, 2020. Frax’s total supply is 280,089,717 tokens. The official website for Frax is frax.com. Frax’s official Twitter account is @fraxfinance and its Facebook page is accessible here. The official message board for Frax is fraxfinancecommunity.medium.com.

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.”

Frax Token Trading

It is usually not currently 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 Coinbase, Gemini or Changelly. 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