Frax Price Index Share (FPIS) Price Reaches $0.36 on Major Exchanges

Frax Price Index Share (FPIS) traded down 7.7% against the U.S. dollar during the 1 day period ending at 10:00 AM E.T. on March 2nd. One Frax Price Index Share token can now be bought for approximately $0.36 or 0.00000420 BTC on popular exchanges. Frax Price Index Share has a total market capitalization of $11.71 million and $10,617.37 worth of Frax Price Index Share was traded on exchanges in the last day. During the last week, Frax Price Index Share has traded 12.9% lower against the U.S. dollar.

Here is how other cryptocurrencies have performed during the last day:

• Taiko (TAIKO) traded down 3.1% against the dollar and now trades at $0.94 or 0.00001105 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 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 (SOLVBTC) traded 1.1% higher against the dollar and now trades at $85,367.34 or 1.00359243 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 1.4% higher against the dollar and now trades at $85,331.17 or 1.00316713 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.

Frax Price Index Share 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 32,603,416 tokens. Frax Price Index Share’s official Twitter account is @fraxfinance and its Facebook page is accessible here. The official website for Frax Price Index Share 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 US dollars. Investors seeking to acquire Frax Price Index Share should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Frax Price Index Share using one of the exchanges listed above.

FPIS/USD price chart by TradingView