Frax Share
FXS
Watchlist
₹387.81
LIVE
Watchlist
24H Low ₹386.54
24H High ₹397.36
Price of FXS today
The current live price of FXS today is ₹387.81, with a 24-hour trading volume of ₹87,07,41,683.88. Our FXS to INR price is updated in real-time. FXS has seen a decrease of -1.92% in the last 24 hours. With a live market cap of ₹30,81,91,16,392.49 , the circulating supply is at 79,256,910 FXS coins, with a maximum supply of 99,681,496FXS coins.
Frax Share Price History
| Date Comparison | Amount Change | % Change |
|---|---|---|
| Today | -₹7.09 | 1.8% |
| 7 Days | ₹10.46 | 2.77% |
| 30 Days | -₹72.40 | 15.73% |
| 1 Year | -₹254.57 | 39.63% |
Frax Share Price Information
Price Change (1hr)
1.88%
Price Change (24hr)
1.8%
Price Change (7d)
2.77%
Frax Share Market Stats
Market Cap
₹30,81,91,16,392.49
Fully Diluted Market Cap
₹38,76,12,33,697.73
24hr Volume
₹87,07,41,683.88
38.95%
Circulating Supply
79256910.11 FXS
Total Supply
99681495.59 FXS
Things to know about Frax Share
What is Frax Share (FXS)?
Frax Share (FXS) is a cryptocurrency that is used to govern the Frax Protocol, a decentralized stablecoin platform. FXS holders can vote on changes to the protocol, such as the minting and redemption of FRAX, the stablecoin issued by the Frax Protocol. FXS also accrues fees and seigniorage revenue from the Frax Protocol. Frax Share is a unique cryptocurrency in that it is a hybrid stablecoin. This means that it is backed by a combination of cryptocurrency collateral and an algorithmic algorithm. This gives FXS the stability of a fiat-backed stablecoin with the decentralization of a cryptocurrency.
Things to consider before buying Frax Share (FXS)
FXS is a relatively new cryptocurrency, having been launched in 2020.The Frax protocol is a complicated for new investors to understand and it deters participation.
FXS is a volatile cryptocurrency, and its price can fluctuate significantly. FRAX’s prices are down 87% from its all time high as of October 2023.
The supply of the FRAX stablecoin is dynamic and always changing to keep the price at $1 due to its fractional-algorithmic monetary policy. The supply of the Frax Shares (FXS) tokens are hard capped to 100 million tokens at genesis with no inflation schedule in the protocol.
Reasons to buy Frax Share (FXS)
FXS is a unique cryptocurrency that is used to govern a decentralized stablecoin platform. FXS is a hybrid stablecoin, which gives it the stability of a fiat-backed stablecoin with the decentralization of a cryptocurrency.
FXS accrues fees and seigniorage revenue from the Frax Protocol.
A significant protocol change involves including layer-1 protocols as part of the investment portfolio. While FRAX stablecoin was primarily backed by USDC stablecoins, the Frax team has opted to diversify its holdings by adding various digital assets.
Returns Calculator
Investment Amount
Investment Period
Returns
₹9095
0%
FXS to Converter
Quantity
FXS
Price
₹
Price as per 11:40 AM • 19 May 2024
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Frequently asked questions about buying Frax Share (FXS) in India
Have a question not answered?
You can contact us at help@mudrex.com
What is the price of Frax Share (FXS)?
The current price of Frax Share (FXS) in INR is ₹387.81 INR.
What is the current FXS market cap?
The current market capitalization of Frax Share (FXS) is ₹30,81,91,16,392.49 INR. This value represents the total market value of all coins in circulation, calculated by multiplying the current price of FXS by the number of coins in circulation.
What is the current supply of Frax Share (FXS)?
The current supply of Frax Share (FXS) is 79256910.11 FXS. This figure represents the total number of coins that have been mined and are currently in circulation.
What is the 24 trading volume of Frax Share (FXS)?
The 24-hour trading volume of Frax Share (FXS) in INR is ₹87,07,41,683.88. This figure represents the total value of all FXS transactions across various exchanges within the last 24 hours.
How to Buy Frax Share (FXS) in India?
To buy Frax Share (FXS) via Mudrex, simply sign up and create an account on their platform. Proceed by completing the KYC process to verify your identity. Once verified, deposit funds into your account using the available methods. With your account funded, you're all set to start investing in FXS.
Can I buy Frax Share (FXS) with UPI?
Yes, you can buy Frax Share (FXS) with UPI on Mudrex, which accepts payments through popular UPI apps like Paytm, PhonePe, and Google Pay, offering a convenient and quick way to invest.
How to Convert Frax Share (FXS) to Indian Rupee (INR)?
To convert Frax Share (FXS) to Indian Rupee (INR), you can use our FXS/INR conversion tool.
