Frax (FRAX) Self Reported Market Cap Achieves $1.00 Billion

Frax (FRAX) traded down 0.1% against the US dollar during the one day period ending at 19:00 PM Eastern on May 26th. One Frax token can now be purchased for approximately $1.00 or 0.00003736 BTC on popular exchanges. In the last week, Frax has traded up 0.1% against the US dollar. Frax has a market cap of $1.00 billion and $5.67 million worth of Frax was traded on exchanges in the last day.

Here is how related cryptocurrencies have performed in the last day:

• KILT Protocol (KILT) traded 1.2% lower against the dollar and now trades at $0.33 or 0.00001243 BTC.
• 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 2.2% lower 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.
• OmniaVerse (OMNIA) traded down 2.4% against the dollar and now trades at $0.0017 or 0.00000006 BTC.
• Kitty Inu (KITTY) traded 1.9% higher against the dollar and now trades at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) traded 1.3% higher against the dollar and now trades at $0.0004 or 0.00000002 BTC.
• Lego Coin (LEGO) traded 25.2% higher against the dollar and now trades at $0.0198 or 0.00000074 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 1.8% against the dollar and now trades at $0.0088 or 0.00000033 BTC.

About Frax

Frax launched on December 20th, 2020. Frax’s total supply is 1,044,853,133 tokens and its circulating supply is 1,004,141,409 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 presently possible to purchase alternative cryptocurrencies such as Frax directly using U.S. dollars. Investors seeking to acquire Frax should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Frax using one of the exchanges listed above.

FRAX/USD price chart by TradingView