Frax Price Index Share (FPIS) Hits Self Reported Market Cap of $28.50 Million

Frax Price Index Share (FPIS) traded down 1.9% against the US dollar during the 1 day period ending at 10:00 AM E.T. on January 9th. Frax Price Index Share has a market cap of $28.50 million and $474.57 worth of Frax Price Index Share was traded on exchanges in the last 24 hours. One Frax Price Index Share token can currently be bought for $0.90 or 0.00000970 BTC on cryptocurrency exchanges. During the last seven days, Frax Price Index Share has traded 4.8% higher against the US dollar.

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

• 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 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.
• Hokkaidu Inu (HOKK) traded 1.2% higher 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.
• SolvBTC.BBN (SOLVBTC.BB) traded 2.4% lower against the dollar and now trades at $92,303.00 or 1.00122417 BTC.
• SolvBTC (SOLVBTC) traded 3% lower against the dollar and now trades at $92,188.60 or 0.99998325 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

About Frax Price Index Share

Frax Price Index Share’s launch date was April 9th, 2022. Frax Price Index Share’s total supply is 99,540,925 tokens and its circulating supply is 31,560,097 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 presently possible to buy alternative cryptocurrencies such as Frax Price Index Share directly using US dollars. Investors seeking to acquire Frax Price Index Share should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Gemini or Changelly. 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