Frax Share Achieves Self Reported Market Cap of $367.01 Million (FXS)

Frax Share (FXS) traded down 1.1% against the dollar during the 1 day period ending at 16:00 PM E.T. on June 7th. Frax Share has a market cap of $367.01 million and approximately $50.82 million worth of Frax Share was traded on exchanges in the last 24 hours. Over the last seven days, Frax Share has traded up 0.9% against the dollar. One Frax Share token can currently be bought for approximately $4.59 or 0.00006660 BTC on exchanges.

Here is how related cryptocurrencies have performed over the last 24 hours:

  • KILT Protocol (KILT) traded 2.5% lower against the dollar and now trades at $0.25 or 0.00000358 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 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.
  • Lego Coin (LEGO) traded flat against the dollar and now trades at $0.0086 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 1.1% lower against the dollar and now trades at $0.0101 or 0.00000015 BTC.
  • AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

About Frax Share

Frax Share’s launch date was December 20th, 2020. Frax Share’s total supply is 99,681,496 tokens and its circulating supply is 79,876,307 tokens. Frax Share’s official Twitter account is @fraxfinance and its Facebook page is accessible here. The official website for Frax Share is frax.finance.

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 possible to purchase alternative cryptocurrencies such as Frax Share directly using US dollars. Investors seeking to acquire Frax Share should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Frax Share using one of the exchanges listed above.

Receive News & Updates for Frax Share Daily - Enter your email address below to receive a concise daily summary of the latest news and updates for Frax Share and related cryptocurrencies with MarketBeat.com's FREE CryptoBeat newsletter.