Details about Frax Price Index Share cryptocurrency
€24,195,995 ( 0.11053%)
€1,992
100,000,000
28,328,903
0
Unknown
https://app.frax.finance/
@fraxfinance
48796x
€41676.8
Frax Price Index Share price charts
FPIS exchanges
Frax Price Index Share, the crypto
Frax Price Index Share (FPIS) is a cryptocurrency that tracks the price movements of the Frax stablecoin, which is designed to be highly stable and pegged to the US dollar. The FPIS token is a type of index fund that enables investors to gain exposure to the Frax ecosystem and benefit from its stability and reliability.
The point
The main point of Frax Price Index Share (FPIS) is to provide investors with a stable and reliable investment option that is pegged to the US dollar, while also generating returns based on the price movements of the Frax stablecoin. The token is designed to be highly liquid and accessible, enabling investors to easily buy, sell, and trade it on various crypto exchanges.
The problem
Frax Price Index Share (FPIS) aims to solve the problem of volatility and unpredictability that is often associated with traditional cryptocurrencies such as Bitcoin and Ethereum. By tracking the price movements of the Frax stablecoin, which is designed to be highly stable and pegged to the US dollar, FPIS provides investors with a reliable and predictable investment option that is less subject to market fluctuations and price swings.
Compare FPIS and BTC performance
| Timeframe | FPIS | BTC |
|---|---|---|
| 1h change | 0.145832 % | -0.234911 % |
| 24h change | -0.01 % | 1.25967 % |
| 7 day change | 0.05 % | -1.44157 % |
| 14 day change | -23.59 % | -9.47799 % |
| 30 day change | -28.66 % | -7.33786 % |
| 200 day change | -21.64 % | 129.168 % |
| Year change | -56.79 % | 129.33 % |