Factom (CURRENCY:FCT) traded down 1.7% against the US dollar during the 1-day period ending at 16:00 PM ET on June 25th.During the last seven days, Factom has traded down 4% against the US dollar.One Factom coin can currently be bought for about $1.65 or 0.00017715 BTC on exchanges including BCEX, Bit-Z, Cryptopia and Upbit.Factom has a total market capitalization of $15.18 million and $296,788.00 worth of Factom was traded on exchanges in the last day.
Here is how similar cryptocurrencies have performed during the last day: Get Factom alerts: Innovative Bioresearch Classic (INNBCL) traded 16.1% lower against the dollar and now trades at $0.0003 or 0.
3 BTC.Tether (USDT) traded 0% higher against the dollar and now trades at $1.00 or 0.00010776 BTC.
XRP (XRP) traded 0.6% lower against the dollar and now trades at $0.18 or 0.00001967 BTC.Bitcoin SV (BSV) traded down 0.7% against the dollar and now trades at $172.13 or 0.01852968 BTC.Binance Coin (BNB) traded 0.7% lower against the dollar and now trades at $15.98 or 0.00171974 BTC.InnovativeBioresearchClassic (INNBCL) traded up 20.6% against the dollar and now trades at $0.0000 or 0.BTC.Chainlink (LINK) traded up 1.3% against the dollar and now trades at $4.75 or 0.00051164 BTC.
Stellar (XLM) traded down 1.6% against the dollar and now trades at $0.0681 or 0.734 BTC.TRON (TRX) traded 0.2% higher against the dollar and now trades at $0.0160 or 0.172 BTC.
Neo (NEO) traded 1.3% lower against the dollar and now trades at $10.38 or 0.00111762 BTC.
About Factom
Factom’s launch date was October 5th, 2015.Factom’s total supply is 9,226,363 coins.Factom’s official Twitter account is @factom and its Facebook page is accessible here .The official website for Factom is factom.org .
The Reddit community for Factom is /r/factom and the currency’s Github account can be viewed 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.“
Buying and Selling Factom
Factom can be bought or sold on these cryptocurrency exchanges: Poloniex, BCEX, Upbit, Cryptopia, Bittrex and Bit-Z.It is usually not possible to purchase alternative cryptocurrencies such as Factom directly using U.S.dollars.Investors seeking to trade Factom should first purchase Bitcoin or Ethereum using an exchange that deals in U.S.
dollars such as Coinbase , Changelly or Gemini.Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Factom using one of the aforementioned exchanges.Receive News & Updates for Factom updates for Factom and related cryptocurrencies CryptoBeat newsletter .«.
