Frax Price Index Share Price Reaches $1.48 (FPIS)

Frax Price Index Share (FPIS) traded 3.7% lower against the U.S. dollar during the 1-day period ending at 18:00 PM E.T. on March 4th. One Frax Price Index Share token can currently be purchased for $1.48 or 0.00002215 BTC on popular cryptocurrency exchanges. Frax Price Index Share has a market cap of $39.85 million and $144,082.30 worth of Frax Price Index Share was traded on exchanges in the last day. Over the last week, Frax Price Index Share has traded 9.1% lower against the U.S. dollar.

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

  • KILT Protocol (KILT) traded up 16.3% against the dollar and now trades at $0.44 or 0.00000653 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 2.2% lower 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 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
  • Lego Coin (LEGO) traded 28.7% higher against the dollar and now trades at $0.0090 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 0.3% lower against the dollar and now trades at $0.0106 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 Price Index Share Token Profile

Frax Price Index Share was first traded on April 9th, 2022. Frax Price Index Share’s total supply is 100,000,000 tokens and its circulating supply is 26,855,201 tokens. Frax Price Index Share’s official Twitter account is @fraxfinance and its Facebook page is accessible here. Frax Price Index Share’s official website is app.frax.finance.

According to CryptoCompare, “Frax is a fractional-algorithmic stablecoin protocol. Frax is open-source, permissionless, and entirely on-chain – currently implemented on Ethereum and 12 other chains. The end goal of the Frax protocol is to provide a highly scalable, decentralized, algorithmic money in place of fixed-supply digital assets like BTC. The Frax ecosystem has 2 stablecoins: FRAX (pegged to the US dollar) & FPI (pegged to the Consumer Price Index).”

Buying and Selling Frax Price Index Share

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

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