Posted by Jim Brewer on Feb 27th, 2019 // No Comments
Factom (CURRENCY:FCT) traded 1.9% higher against the U.S. dollar during the 24-hour period ending at 7:00 AM ET on February 27th. In the last seven days, Factom has traded up 0.9% against the U.S. dollar.
One Factom coin can now be bought for approximately $6.52 or 0.00168210 BTC on major cryptocurrency exchanges including Bit-Z, Upbit, Poloniex and Cryptopia. Factom has a market cap of $57.
05 million and approximately $92,353.00 worth of Factom was traded on exchanges in the last day.
Here is how similar cryptocurrencies have performed in the last day: Get Factom alerts: XRP (XRP) traded 0.1% higher against the dollar and now trades at $0.
32 or 0.00008294 BTC.
Tether (USDT) traded 0.4% higher against the dollar and now trades at $1.02 or 0.
00026183 BTC. Stellar (XLM) traded 0.5% higher against the dollar and now trades at $0.0865 or 0.00002230 BTC. TRON (TRX) traded 0.2% higher against the dollar and now trades at $0.
0244 or 0. 630 BTC. Binance Coin (BNB) traded 3.3% higher against the dollar and now trades at $9.
89 or 0.00254972 BTC. Bitcoin SV (BSV) traded down 1.
5% against the dollar and now trades at $71.
30 or 0.01838640 BTC. NEO (NEO) traded up 1.3% against the dollar and now trades at $9.20 or 0.00237206 BTC.
VeChain (VET) traded 1.2% higher against the dollar and now trades at $0.0047 or 0.
121 BTC. TrueUSD (TUSD) traded 0.3% higher against the dollar and now trades at $1.
02 or 0.
00026276 BTC. Basic Attention Token (BAT) traded down 5.7% against the dollar and now trades at $0.16 or 0.00004125 BTC.
About Factom Factom’s genesis date was October 5th, 2015. Factom’s total supply is 8,745,102 coins.
The official website for Factom is factom.org . 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 .
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: Bittrex, Bit-Z, Cryptopia, Poloniex, BCEX and Upbit.
It is usually not possible to buy alternative cryptocurrencies such as Factom directly using U.S. dollars. Investors seeking to acquire Factom should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Factom using one of the exchanges listed above.
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