Frax Share (FXS) Market Capitalization Achieves $643.42 Million

Frax Share (FXS) traded 2.9% lower against the U.S. dollar during the twenty-four hour period ending at 20:00 PM Eastern on March 18th. Frax Share has a total market capitalization of $643.42 million and $39.10 million worth of Frax Share was traded on exchanges in the last day. Over the last week, Frax Share has traded 13.2% higher against the U.S. dollar. One Frax Share token can currently be purchased for about $8.64 or 0.00031973 BTC on cryptocurrency exchanges.

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

• KILT Protocol (KILT) traded 11.6% lower against the dollar and now trades at $0.40 or 0.00001488 BTC.
• Aidi Finance (BSC) (AIDI) traded up 1.3% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 1.9% lower against the dollar and now trades at $0.0667 or 0.00000246 BTC.
• CareCoin (CARES) traded down 1.9% against the dollar and now trades at $0.0827 or 0.00000306 BTC.
• OmniaVerse (OMNIA) traded up 36.6% against the dollar and now trades at $0.0011 or 0.00000004 BTC.
• Kitty Inu (KITTY) traded 1.9% lower against the dollar and now trades at $98.93 or 0.00365664 BTC.
• FEG Token (FEG) traded 1.9% lower against the dollar and now trades at $0.0008 or 0.00000003 BTC.
• Hokkaidu Inu (HOKK) traded down 1.3% against the dollar and now trades at $0.0007 or 0.00000002 BTC.
• QANplatform (QANX) traded down 1.9% against the dollar and now trades at $7,190.88 or 0.26577750 BTC.
• Lego Coin (LEGO) traded 22.4% higher against the dollar and now trades at $0.0172 or 0.00000064 BTC.

Frax Share Profile

Frax Share launched on December 16th, 2020. Frax Share’s total supply is 99,822,984 tokens and its circulating supply is 74,510,663 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 presently possible to purchase alternative cryptocurrencies such as Frax Share directly using U.S. dollars. Investors seeking to acquire Frax Share should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Frax Share using one of the exchanges listed above.

FXS/USD price chart by TradingView