Frax (FRAX) Reaches Self Reported Market Cap of $314.14 Million

Frax (FRAX) traded down 0% against the dollar during the one day period ending at 9:00 AM Eastern on June 22nd. One Frax token can now be bought for about $1.00 or 0.00000972 BTC on exchanges. Frax has a market cap of $314.14 million and approximately $1.05 million worth of Frax was traded on exchanges in the last day. In the last seven days, Frax has traded up 0% against the dollar.

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

• 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.
• Central African Republic Meme (CAR) traded down 11% against the dollar and now trades at $0.0359 or 0.00000035 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 down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded down 1.2% against the dollar and now trades at $102,561.80 or 0.99787413 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded down 1.7% against the dollar and now trades at $101,782.73 or 0.99029416 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.

Frax Token Profile

Frax’s genesis date was December 21st, 2020. Frax’s total supply is 314,401,093 tokens. Frax’s official website is frax.com. Frax’s official Twitter account is @fraxfinance and its Facebook page is accessible here. The official message board for Frax is fraxfinancecommunity.medium.com.

According to CryptoCompare, “Frax attempts to be the first stablecoin protocol to implement design principles of both to create a highly scalable, trustless, extremely stable, and ideologically pure on-chain money. The Frax protocol is a two token system encompassing a stablecoin, Frax (FRAX), and a governance token, Frax Shares (FXS). The protocol also has pool contracts which hold collateral (at genesis USDT and USDC). Pools can be added or removed with governance.”

Buying and Selling Frax

It is usually not presently possible to buy alternative cryptocurrencies such as Frax directly using U.S. dollars. Investors seeking to trade Frax should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Frax using one of the aforementioned exchanges.

FRAX/USD price chart by TradingView