Factom (CURRENCY:FCT) traded up 2.7% against the US dollar during the 1 day period ending at 7:00 AM Eastern on January 17th. Factom has a total market cap of $54.77 million and $201,876.00 worth of Factom was traded on exchanges in the last day. One Factom coin can now be bought for about $6.26 or 0.
00172124 BTC on popular exchanges including Upbit, Bittrex, Poloniex and Cryptopia. During the last week, Factom has traded down 13% against the US dollar.
Here is how similar cryptocurrencies have performed during the last day: Get Factom alerts: XRP (XRP) traded down 1.5% against the dollar and now trades at $0.33 or 0.
00009019 BTC. Tether (USDT) traded down 0.2% against the dollar and now trades at $1.02 or 0.00027970 BTC. Stellar (XLM) traded down 1.
3% against the dollar and now trades at $0.11 or 0.
00002920 BTC.
TRON (TRX) traded 1.2% lower against the dollar and now trades at $0.0245 or 0.
674 BTC. Bitcoin SV (BSV) traded 2% lower against the dollar and now trades at $76.85 or 0.02112177 BTC. Binance Coin (BNB) traded 0.8% higher against the dollar and now trades at $6.17 or 0.00169545 BTC.
NEO (NEO) traded down 2.8% against the dollar and now trades at $7.62 or 0.
00209455 BTC.
VeChain (VET) traded 3.6% higher against the dollar and now trades at $0.0041 or 0. 112 BTC.
TrueUSD (TUSD) traded up 0.1% against the dollar and now trades at $1.01 or 0.00027862 BTC.
Zilliqa (ZIL) traded down 3.4% against the dollar and now trades at $0.0222 or 0. 611 BTC.
Factom Profile
Factom launched on October 5th, 2015.
Factom’s total supply is 8,745,102 coins. The Reddit community for Factom is /r/factom and the currency’s Github account can be viewed here . Factom’s official website is factom.org . Factom’s official Twitter account is @factom and its Facebook page is accessible here .
According to CryptoCompare, “Will Factoids have their own blockchain? Ultimately Factoids will be implemented on their own Chain in Factom. For the crowd sale, other options are possible. How are Factoids created? Two ways. Factoids will be created as a part of the crowd sale. Secondly, Factoids will be created at a fixed rate and paid to the Factom Servers and Audit Servers for their work running the system, and to pay other incentives. Is there a separate Proof of Work or other consensus mechanism for factoids, independent of factom? No.
That said, the Factom chain and the Entry chain are managed by the Factom Servers (they are the application using these chains) so they validate them in real time. No invalid entries can be placed in these chains. How do factoids get sent back to the protocol? Is it a kind of burn? No. The Entry Credits are burned.
Entry Credits are non transferable. They can only be used to buy entries. But when they DO buy entries, the Factoid in the protocol that was used to buy the Entry Credits is released. The amount of Factoids varies since the price of Entry Credits per Factoid varies.
The Factoid paid out is calculated by dividing the total number of Factoid in the protocol by the number of outstanding Entry Credits. The number of Factoids in the protocol and the number of outstanding Entry Credits are all computable from the Entry Chain and the Factoid Chain. “
Factom Coin Trading
Factom can be traded on the following cryptocurrency exchanges: Upbit, Bit-Z, Cryptopia, BCEX, Poloniex and Bittrex. It is usually not possible to purchase alternative cryptocurrencies such as Factom directly using US dollars.
Investors seeking to acquire Factom should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase , Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Factom using one of the exchanges listed above. Receive News & Updates for Factom Daily – Enter your email address below to receive a concise daily summary of the latest news and updates for Factom and related cryptocurrencies with MarketBeat.com’s FREE CryptoBeat newsletter . «.
