Frax Share (FXS) Price Tops $3.65 on Exchanges

Frax Share (FXS) traded 1.6% higher against the dollar during the one day period ending at 16:00 PM ET on June 15th. During the last week, Frax Share has traded down 13.4% against the dollar. One Frax Share token can currently be bought for about $3.65 or 0.00005538 BTC on major cryptocurrency exchanges. Frax Share has a market cap of $291.99 million and $14.76 million worth of Frax Share was traded on exchanges in the last 24 hours.

Here is how other cryptocurrencies have performed during the last 24 hours:

• KILT Protocol (KILT) traded up 1.8% against the dollar and now trades at $0.23 or 0.00000344 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 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Kitty Inu (KITTY) traded 1.9% higher 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.
• 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 0.5% lower against the dollar and now trades at $0.0103 or 0.00000016 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

Frax Share Profile

Frax Share’s launch date was December 20th, 2020. Frax Share’s total supply is 99,681,496 tokens and its circulating supply is 79,961,640 tokens. Frax Share’s official website 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 currently possible to buy alternative cryptocurrencies such as Frax Share directly using U.S. dollars. Investors seeking to acquire Frax Share should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Frax Share using one of the aforementioned exchanges.

FXS/USD price chart by TradingView