Frax Share (FXS) Self Reported Market Cap Reaches $237.81 Million

Frax Share (FXS) traded 8.6% lower against the U.S. dollar during the 24-hour period ending at 23:00 PM ET on June 28th. One Frax Share token can now be bought for $2.96 or 0.00004887 BTC on popular cryptocurrency exchanges. Frax Share has a market capitalization of $237.81 million and approximately $14.88 million worth of Frax Share was traded on exchanges in the last 24 hours. During the last seven days, Frax Share has traded down 12.4% against the U.S. dollar.

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

• KILT Protocol (KILT) traded down 0.4% against the dollar and now trades at $0.21 or 0.00000340 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.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded up 1.1% against the dollar and now trades at $0.0113 or 0.00000019 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

Frax Share Token Profile

Frax Share’s genesis date was December 20th, 2020. Frax Share’s total supply is 99,681,496 tokens and its circulating supply is 80,252,792 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.”

Frax Share Token Trading

It is usually not presently possible to buy alternative cryptocurrencies such as Frax Share directly using US dollars. Investors seeking to trade Frax Share should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Frax Share using one of the aforementioned exchanges.

FXS/USD price chart by TradingView