Frax Price Index Share Price Hits $0.58 on Exchanges (FPIS)

Frax Price Index Share (FPIS) traded 1.8% lower against the dollar during the 1 day period ending at 20:00 PM Eastern on July 27th. One Frax Price Index Share token can currently be bought for about $0.58 or 0.00000849 BTC on cryptocurrency exchanges. In the last seven days, Frax Price Index Share has traded down 9.7% against the dollar. Frax Price Index Share has a market capitalization of $16.42 million and approximately $2,938.99 worth of Frax Price Index Share was traded on exchanges in the last day.

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

• KILT Protocol (KILT) traded up 0.6% against the dollar and now trades at $0.19 or 0.00000276 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 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 0.4% against the dollar and now trades at $0.0134 or 0.00000020 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

Frax Price Index Share Profile

Frax Price Index Share’s launch date was April 9th, 2022. Frax Price Index Share’s total supply is 100,000,000 tokens and its circulating supply is 28,113,563 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 presently possible to buy alternative cryptocurrencies such as Frax Price Index Share directly using U.S. dollars. Investors seeking to trade Frax Price Index Share should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Gemini 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