Factom (CURRENCY:FCT) traded 20.9% lower against the U.S.dollar during the 24-hour period ending at 18:00 PM ET on March 12th.One Factom coin can currently be purchased for $1.87 or 0.00032021 BTC on cryptocurrency exchanges including Bittrex, Upbit, Cryptopia and Bit-Z.Over the last seven days, Factom has traded 27.7% lower against the U.S.dollar.Factom has a total market cap of $16.86 million and $243,117.00 worth of Factom 24 hours.
Here’s how other over the last 24 hours:
Get Factom alerts: XRP (XRP) traded down 23.7% $0.16 or 0.00002704 BTC.Tether (USDT) traded 1.2% $0.99 or 0.00016896 BTC.
Bitcoin SV (BSV) traded down 33.2% $126.94 or 0.02171069 BTC.
Binance Coin (BNB) traded down 28.6% $11.63 or 0.00198840 BTC.Chainlink (LINK) traded down 36.8% $2.39 or 0.00040829 BTC.Stellar (XLM) traded 22.7% $0.0387 or 0.662 BTC.
TRON (TRX) traded down 30.4% $0.0102 or 0.175 BTC.
COZ (COZ) traded 26.7% higher $0.22 or 0.00004541 BTC.
Neo (NEO) traded 31.1% $6.41 or 0.00109711 BTC.Crypto.com Chain (CRO) traded 0.3% $0.0381 or 0.379 BTC.Factom Profile
Factom launched on October 5th, 2015.Factom’s total supply is 9,004,396 coins.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 .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: BCEX, Upbit, Bittrex, Bit-Z, Cryptopia and Poloniex.It is usually not possible to purchase Factom directly using U.S.
dollars.Investors seeking to trade Factom should first purchase Ethereum or Bitcoin using an exchange that deals in U.S.
dollars such as GDAX, Changelly or Gemini.Ethereum or Bitcoin to purchase Factom using one of the exchanges listed above..
