Frax (frax)

Rank: #40

Price

£0.8238 (-0.05%)
0.000049 BTC
Capitalisation
£1.13Bn (2.70%)
Volume (24h)
£12.85 M (-0.894%)

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Price change

1h 24h 7d 1y
0.02% -0.05% 1.20% 2.70%
24h High 24h Low
£0.8318 £0.8318

Community Vote

100.0
0.0
👍 👎

Features

Frax Frax
Country of Origin KY
Genesis Date 5th July 2022
Circulating Supply 1,366,324,118
Max Coin Supply 1,366,324,118

Frax Price Chart

Price, £

Market Cap

Trading Volume (24h)

Frax (frax) is a digital asset ranked as #40 in BitCourier Cryptocurrency List with market capitalisation of £1.13 Bn. Pound Sterling. In the last 24 hours Frax's trading volume exceeded £12.85 M.

Current price - £0.8238 GBP. Exchange rate frax to USD is $1.00 for one coin.

During the last calendar year Frax price was volatile and had both periods of growth and decline. In particular in the last 7 days the price changed by 1.20%. (frax)'s peak price (All-time high) was £0.86 per coin, this point was reached on 12th May 2022 . From that moment till today Frax has lost -3.77% in value.

Ratings by crypto community, developers and liquidity are 8.103, 0.000, 41.935.

About Frax

Frax is a decentralized digital currency and a fractional-algorithmic stablecoin system. Frax is built on the Ethereum blockchain and is pegged to the US Dollar. It incorporates cross-chain implementation technologies which makes additional future integrations possible. Frax entered the cryptocurrency space with the end goal of eradicating boundaries that exist with fixed supply digital assets. To achieve this, Frax implements 3 unique strategies; Fractional-Algorithmic Collateral, Decentralized governance, and Fully on-chain oracles. In its ideal state, Frax targets to settle at the 1$/coin band. Frax was rolled out in November 2020 by Sam Kazemian, an American Software developer, together with Travis Moore and Jason Huan. Uniswap and DEXes are Defi trading platforms that readily avail Frax and Frax Shares (FXS) to willing buyers. The Frax Shares (FXS) is the governance token in the Frax Protocol. 

 

Ratings

Frax Points
(0-100)
Development 0.000
Community 8.103
Liquidity 41.935

Development

Frax GitHub