Factom (CURRENCY:FCT) traded 2.2% lower against the U.S.dollar during the 1-day period ending at 0:00 AM Eastern on June 18th.Factom has a market capitalization of $15.64 million and approximately $256,684.00 worth of Factom was traded on exchanges in the last day.During the last seven days, Factom has traded down 1.3% against the U.S.dollar.One Factom coin can currently be purchased for approximately $1.70 or 0.00018195 BTC on major exchanges including Cryptopia, BCEX, Poloniex and Upbit.
Here’s how other cryptocurrencies have performed during the last day: Get Factom alerts: Innovative Bioresearch Classic (INNBCL) traded down 0% against the dollar and now trades at $0.0000 or 0.
BTC.Tether (USDT) traded up 0.1% against the dollar and now trades at $1.00 or 0.00010749 BTC.
XRP (XRP) traded 1.2% lower against the dollar and now trades at $0.19 or 0.00002037 BTC.Bitcoin SV (BSV) traded down 2.4% against the dollar and now trades at $172.89 or 0.01854491 BTC.Binance Coin (BNB) traded 2.2% lower against the dollar and now trades at $16.09 or 0.00172633 BTC.InnovativeBioresearchClassic (INNBCL) traded 20.6% higher against the dollar and now trades at $0.0000 or 0.BTC.Chainlink (LINK) traded down 1.1% against the dollar and now trades at $4.11 or 0.00044134 BTC.Stellar (XLM) traded down 2.9% against the dollar and now trades at $0.0695 or 0.746 BTC.
TRON (TRX) traded down 1.5% against the dollar and now trades at $0.0158 or 0.170 BTC.Neo (NEO) traded 3.2% lower against the dollar and now trades at $10.26 or 0.00110010 BTC.
Factom Profile
Factom’s genesis date was October 5th, 2015.Factom’s total supply is 9,218,788 coins.
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 .The official website for Factom 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: Poloniex, Bittrex, Upbit, Bit-Z, BCEX and Cryptopia.It is usually not presently possible to purchase alternative cryptocurrencies such as Factom directly using U.S.
dollars.Investors seeking to acquire Factom should first purchase Bitcoin or Ethereum using an exchange that deals in U.S.
dollars such as Changelly, Coinbase or GDAX.Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Factom using one of the exchanges listed above.
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