Frax Price Index Share (FPIS) Price Reaches $1.03

Frax Price Index Share (FPIS) traded down 1.7% against the U.S. dollar during the 1-day period ending at 12:00 PM E.T. on April 29th. One Frax Price Index Share token can currently be bought for about $1.03 or 0.00001642 BTC on popular exchanges. Frax Price Index Share has a total market cap of $29.31 million and approximately $15,909.87 worth of Frax Price Index Share was traded on exchanges in the last 24 hours. Over the last seven days, Frax Price Index Share has traded 10.6% higher against the U.S. dollar.

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

• KILT Protocol (KILT) traded 2.1% lower against the dollar and now trades at $0.30 or 0.00000470 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 2.2% lower 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 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• BitcoinBR (BTCBR) traded up 36,285,770.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Lego Coin (LEGO) traded flat against the dollar and now trades at $0.0086 or 0.00000013 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 down 1.7% against the dollar and now trades at $0.0095 or 0.00000015 BTC.

Frax Price Index Share Token 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 28,339,557 tokens. The official website for Frax Price Index Share is app.frax.finance. Frax Price Index Share’s official Twitter account is @fraxfinance and its Facebook page is accessible here.

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 acquire Frax Price Index Share should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Frax Price Index Share using one of the aforementioned exchanges.

FPIS/USD price chart by TradingView