Factom (CURRENCY:FCT) traded 2.9% lower against the U.S.dollar during the 1-day period ending at 11:00 AM Eastern on July 26th.During the last seven days, Factom has traded 7.8% lower against the U.S.dollar.Factom has a total market capitalization of $12.92 million and $418,181.00 worth of Factom was traded on exchanges in the last 24 hours.One Factom coin can currently be bought for approximately $1.40 or 0.00014085 BTC on major cryptocurrency exchanges including Bit-Z, Cryptopia, BCEX and Upbit.
Here’s how related cryptocurrencies have performed during the last 24 hours: Get Factom alerts: Tether (USDT) traded up 0.1% against the dollar and now trades at $1.00 or 0.00010113 BTC.XRP (XRP) traded up 4.6% against the dollar and now trades at $0.22 or 0.00002195 BTC.
Bitcoin SV (BSV) traded 2.8% higher against the dollar and now trades at $189.22 or 0.01910473 BTC.
Binance Coin (BNB) traded down 0.5% against the dollar and now trades at $19.53 or 0.00197156 BTC.Chainlink (LINK) traded 2.1% lower against the dollar and now trades at $7.45 or 0.00075186 BTC.Stellar (XLM) traded 3% higher against the dollar and now trades at $0.10 or 0.00001013 BTC.InnovativeBioresearchClassic (INNBCL) traded 20.6% higher against the dollar and now trades at $0.0000 or 0.BTC.TRON (TRX) traded 2.1% higher against the dollar and now trades at $0.0187 or 0.189 BTC.VeChain (VET) traded 0.7% lower against the dollar and now trades at $0.0176 or 0.
178 BTC.Neo (NEO) traded up 1.8% against the dollar and now trades at $11.63 or 0.00117372 BTC.
Factom Profile
Factom launched on October 5th, 2015.
Factom’s total supply is 9,260,250 coins.Factom’s official Twitter account is @factom and its Facebook page is accessible here .
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 .
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 purchased on the following cryptocurrency exchanges: Cryptopia, BCEX, Bit-Z, Upbit, Bittrex and Poloniex.It is usually not currently possible to buy alternative cryptocurrencies such as Factom directly using US dollars.Investors seeking to trade Factom should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, GDAX or Changelly.Investors can then use their newly-acquired Bitcoin or Ethereum to buy Factom using one of the exchanges listed above.Receive News & Updates for Factom updates for Factom and related cryptocurrencies CryptoBeat newsletter .
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