Frax Hits Self Reported Market Capitalization of $319.75 Million (FRAX)

Frax (FRAX) traded 0% lower against the dollar during the 1-day period ending at 9:00 AM Eastern on April 15th. One Frax token can currently be bought for about $1.00 or 0.00001169 BTC on exchanges. Frax has a market capitalization of $319.75 million and approximately $7.69 million worth of Frax was traded on exchanges in the last 24 hours. In the last seven days, Frax has traded 0% lower against the dollar.

Here’s how related cryptocurrencies have performed in the last 24 hours:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower 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 (SOLVBTC) traded 0.9% higher against the dollar and now trades at $85,499.24 or 1.00022379 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 1.2% higher against the dollar and now trades at $85,199.04 or 0.99671182 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.

Frax Profile

Frax launched on December 20th, 2020. Frax’s total supply is 319,906,478 tokens and its circulating supply is 319,906,477 tokens. Frax’s official Twitter account is @fraxfinance and its Facebook page is accessible here. The official website for Frax is frax.finance.

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 possible to buy alternative cryptocurrencies such as Frax directly using U.S. dollars. Investors seeking to acquire Frax should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Coinbase or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Frax using one of the exchanges listed above.

FRAX/USD price chart by TradingView