Frax Price Index Share FPIS price:

How to buy Frax Price Index Share? How can I buy the Frax Price Index Share coin? Frax Price Index Share stock how to buy? How to get Frax Price Index Share?

To find out where you can buy currency Frax Price Index Share see the list of available exchanges.

Where to trade Frax Price Index Share?

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Frax Price Index Share, symbolized as FPIS, represents a crucial component within the innovative Frax Finance ecosystem, specifically serving as the governance and value accrual token for the Frax Price Index. Frax Finance is widely recognized for its unique algorithmic stablecoin, FRAX, which pioneered the concept of a fractional-algorithmic design. Building upon this foundation, the Frax Price Index, or FPI, aims to introduce a groundbreaking inflation-protected stablecoin that tracks a basket of real-world consumer goods and services, similar to a Consumer Price Index or CPI. This ambitious endeavor seeks to provide users with a stable asset that retains its purchasing power over time, mitigating the effects of inflation. FPIS holders are integral to the governance and economic sustainability of the FPI system. As the primary governance token for the Frax Price Index, FPIS empowers its community to vote on key parameters and proposals related to the FPI stablecoin, including its inflation tracking mechanisms, collateral ratios, and potential integrations. Beyond governance, FPIS is designed to accrue value from various revenue streams generated by the FPI protocol. This value accrual mechanism incentivizes long-term holding and active participation in the ecosystem. Revenue can originate from fees associated with FPI minting, redemption, or other protocol activities, ensuring that those who contribute to the FPI’s success are directly rewarded. By creating an inflation-resistant stablecoin and a dedicated governance token to manage it, Frax Finance continues to push the boundaries of decentralized finance, offering sophisticated financial primitives that address real-world economic challenges. FPIS underscores the commitment to decentralized control and shared prosperity within this evolving digital economy.

Frax Price Index Share is a token and it means it is a cryptocurrency, which based its activities on the blockchain of other cryptocurrencies such as Ethereum Blockchain or EOS Blockchain. Examples of Tokens: Chainlink, OmiseGo, 0x.

What is the Frax Price Index Share coin cap?

Circulating supply of this Frax Price Index Share is 34685439. Total supply of this coin/token is 99540925. Max supply is 100000000.

What is the value of Frax Price Index Share coin?

1 Frax Price Index Share is worth $0.378179.

To get price and historical data for Frax Price Index Share coin, use API ID: fpis-frax-price-index-share for endpoints at http://api.coinpaprika.com.