Factom (CURRENCY:FCT) traded 0.6% higher against the dollar during the 1 day period ending at 13:00 PM Eastern on March 6th. One Factom coin can currently be bought for about $6.25 or 0.
00159963 BTC on cryptocurrency exchanges including Poloniex, Bit-Z, Bittrex and Upbit. Factom has a total market cap of $58.71 million and approximately $59,208.
00 worth of Factom was traded on exchanges in the last day. In the last week, Factom has traded 1.3% lower against the dollar.
Here is how similar cryptocurrencies have performed in the last day:
Get Factom alerts: XRP (XRP) traded up 0.8% against the dollar and now trades at $0.
32 or 0.00008152 BTC. Tether (USDT) traded 0.2% higher against the dollar and now trades at $1.
01 or 0.00025915 BTC. Binance Coin (BNB) traded up 3.6% against the dollar and now trades at $13.85 or 0.00354364 BTC. Stellar (XLM) traded 0.2% lower against the dollar and now trades at $0.
0858 or 0.00002197 BTC. TRON (TRX) traded down 1.1% against the dollar and now trades at $0.
0236 or 0. 604 BTC. Bitcoin SV (BSV) traded 0.1% lower against the dollar and now trades at $66.
78 or 0.01709175 BTC. NEO (NEO) traded 0.6% lower against the dollar and now trades at $8.
80 or 0.00225121 BTC. VeChain (VET) traded 0.3% lower against the dollar and now trades at $0.0044 or 0. 113 BTC.
Basic Attention Token (BAT) traded down 0.9% against the dollar and now trades at $0.
17 or 0.00004466 BTC. TrueUSD (TUSD) traded up 1.7% against the dollar and now trades at $1.
02 or 0.
00026023 BTC. Factom Profile
Factom’s genesis date was October 5th, 2015. Factom’s total supply is 9,393,211 coins. Factom’s official website is factom.org . The Reddit community for Factom is /r/factom and the currency’s Github account can be viewed here . 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.
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Buying and Selling Factom
Factom can be traded on the following cryptocurrency exchanges: Bittrex, Cryptopia, Bit-Z, Poloniex, Upbit and BCEX. It is usually not presently possible to buy alternative cryptocurrencies such as Factom directly using US dollars. Investors seeking to acquire Factom should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, GDAX or Coinbase . Investors can then use their newly-acquired Ethereum or Bitcoin to buy Factom using one of the aforementioned exchanges.
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