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    Frax Price Index price

    Frax Price Index priceFPI

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    Frax Price Index price calculator

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    FPI
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    USD
    1 FPI = 1.12 USD
    Last updated 2024-11-21 14:24:07(UTC-0)
    Buy FPI

    Frax Price Index price live data summary

    The live price of Frax Price Index is $1.12 per (FPI / USD) today with a current market cap of $0.00 USD. The 24-hour trading volume is $0.{4}4730 USD. FPI to USD price is updated in real time. Frax Price Index is -0.01% in the last 24 hours. It has a circulating supply of 0 .

    What is the highest price of FPI?

    FPI has an all-time high (ATH) of $1.3, recorded on 2023-10-12.

    What is the lowest price of FPI?

    FPI has an all-time low (ATL) of $0.7339, recorded on 2022-05-27.
    Calculate Frax Price Index profit

    Frax Price Index price prediction

    What will the price of FPI be in 2025?

    Based on FPI's historical price performance prediction model, the price of FPI is projected to reach $1.19 in 2025.

    What will the price of FPI be in 2030?

    In 2030, the FPI price is expected to change by -8.00%. By the end of 2030, the FPI price is projected to reach $1.84, with a cumulative ROI of +64.36%.

    Frax Price Index ratings

    Average ratings from the community
    4.4
    100 ratings
    This content is for informational purposes only.

    About Frax Price Index (FPI)

    The Frax Price Index Token: An Insight Into Its Significance

    The advent of cryptocurrencies has completely transformed the financial landscape with innovative solutions and offerings like the Frax Price Index Token. As a crypto enthusiast or potential investor, it is crucial to unravel the dynamism behind this token and its impact in the cryptocurrency sphere.

    What is Frax Price Index Token?

    Frax Price Index Token, often referred to as FXS, is an integral part of the Frax protocol, which represents the first fractional-algorithmic stablecoin system. The algorithmic mechanism used in this protocol generates a certain type of cryptocurrency, the value of which is pegged to the U.S Dollar, thus combining the stability of fiat currencies and the innovative potential of cryptocurrencies.

    The Historical Significance of Frax Price Index Token

    The launch of Frax Price Index Token marks a remarkable phase in the crypto space. Unlike the traditional banking system where the central authority retains control over the monetary policy, the Frax protocol ensures decentralization, enabling FXS holders to govern the monetary policy. This significant shift towards a democratic framework is what differentiates FXS from other cryptocurrencies in the market.

    Key Features of Frax Price Index Token

    Several distinct features make the Frax Price Index Token stand out.

    1. Algorithmic Stability: Frax's algorithmic mechanism aims to achieve a stable price for FXS by adjusting its supply based on demand, mitigating the price volatility typical in cryptocurrencies.

    2. Decentralised Governance: FXS holders have voting rights in shaping the future of the Frax protocol, representing a truly decentralized governance structure.

    3. Liquidity Provider: FXS holders can provide liquidity to earn fees and participate in stabilizing the Frax protocol.

    4. Collateral Backing: Frax tokens are backed by collateral to assist in price stability. This collateral can be increased or decreased algorithmically to maintain the target price of 1 USD per Frax.

    5. Transparency: All transactions related to Frax Price Index Token are transparently recorded on the blockchain, enhancing its credibility and reliability for investors.

    Final Thoughts

    The Frax Price Index Token has undeniably brought a new wave of revolution in the crypto industry. It effectively combines the stability of traditional currencies with the technological advancements of cryptocurrency, providing a unique value proposition for users.

    As the crypto industry continues to evolve, understanding such multi-faceted coins like FXS is instrumental. It equips users and investors with the knowledge needed to navigate this dynamic industry and potentially tap into lucrative investment opportunities. Remember, however, that while investments can yield significant returns, they come with inherent risks. As such, potential investors should thoroughly research and consider their risk tolerance before investing in cryptocurrencies like FXS.

    Remember, cryptocurrencies can experience volatility, and investing in them always comes with risk. Make sure to do your due diligence before making investment decisions.

    Frax Price Index price performance in USD

    24h7 days30 days90 days1 yearAll-time
    -0.01%+0.03%+0.11%+0.31%+2.09%+9.47%

    Frax Price Index price history in USD

    The price of Frax Price Index is +2.09% over the last year. The highest price of in USD in the last year was $1.12 and the lowest price of in USD in the last year was $1.09.
    TimeLowHigh
    24h$1.12$1.12
    7d$1.12$1.12
    30d$1.12$1.12
    90d$1.11$1.12
    1y$1.09$1.12
    All-time$0.7339(2022-05-27, 2 years ago )$1.3(2023-10-12, 1 years ago )

    Frax Price Index market information

    Market cap
    --
    -0.01%
    Fully diluted market cap
    $11,483,003.21
    -0.01%
    Volume (24h)
    $0
    -100.00%
    Market rankings
    Circulation rate
    0.00%
    24h volume / market cap
    0
    Circulating supply
    0 FPI
    Total supply / Max supply
    10,283,506.76 FPI
    -- FPI
    Buy Frax Price Index now

    How to buy Frax Price Index(FPI)

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    Use a variety of payment options to buy Frax Price Index on Bitget. We'll show you how.

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    FAQ

    What is the current price of Frax Price Index?

    The live price of Frax Price Index is $1.12 per (FPI/USD) with a current market cap of $0 USD. Frax Price Index's value undergoes frequent fluctuations due to the continuous 24/7 activity in the crypto market. Frax Price Index's current price in real-time and its historical data is available on Bitget.

    What is the 24 hour trading volume of Frax Price Index?

    Over the last 24 hours, the trading volume of Frax Price Index is $0.{4}4730.

    What is the all-time high of Frax Price Index?

    The all-time high of Frax Price Index is $1.3. This all-time high is highest price for Frax Price Index since it was launched.

    Can I buy Frax Price Index on Bitget?

    Yes, Frax Price Index is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy guide.

    Can I get a steady income from investing in Frax Price Index?

    Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

    Where can I buy Frax Price Index with the lowest fee?

    Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders. You can trade on the Bitget exchange.

    Where can I buy Frax Price Index (FPI)?

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    How to complete identity verification on Bitget and protect yourself from fraud
    1. Log in to your Bitget account.
    2. If you're new to Bitget, watch our tutorial on how to create an account.
    3. Hover over your profile icon, click on “Unverified”, and hit “Verify”.
    4. Choose your issuing country or region and ID type, and follow the instructions.
    5. Select “Mobile Verification” or “PC” based on your preference.
    6. Enter your details, submit a copy of your ID, and take a selfie.
    7. Submit your application, and voila, you've completed identity verification!
    Cryptocurrency investments, including buying Frax Price Index online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Frax Price Index, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your Frax Price Index purchase. This page and any information included are not an endorsement of any particular cryptocurrency. Any price and other information on this page is collected from the public internet and can not be consider as an offer from Bitget.

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