Frax Price Index Share (FPIS) Reaches Self Reported Market Capitalization of $13.33 Million

Frax Price Index Share (FPIS) traded down 0.7% against the U.S. dollar during the 24 hour period ending at 10:00 AM Eastern on February 22nd. Over the last week, Frax Price Index Share has traded 2.9% lower against the U.S. dollar. One Frax Price Index Share token can now be purchased for about $0.41 or 0.00000423 BTC on popular exchanges. Frax Price Index Share has a total market capitalization of $13.33 million and approximately $883.27 worth of Frax Price Index Share was traded on exchanges in the last day.

Here is how related cryptocurrencies have performed over the last day:

• Taiko (TAIKO) traded down 4.7% against the dollar and now trades at $1.04 or 0.00001075 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 down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 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.
• SolvBTC (SOLVBTC) traded 2.2% lower against the dollar and now trades at $96,398.36 or 0.99828157 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded down 2.3% against the dollar and now trades at $95,971.09 or 0.99385683 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 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 41,127,464 tokens and its circulating supply is 32,603,254 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).”

Frax Price Index Share Token Trading

It is usually not currently possible to buy alternative cryptocurrencies such as Frax Price Index Share directly using US dollars. Investors seeking to trade Frax Price Index 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 Price Index Share using one of the exchanges listed above.

FPIS/USD price chart by TradingView