Factom Trading 2.5% Higher This Week (FCT) Posted by Donald Scott | Jul 11th, 2018
Factom (CURRENCY:FCT) traded 0.3% higher against the US dollar during the one day period ending at 8:00 AM E.T. on July 11th. One Factom coin can currently be purchased for about $10.
98 or 0.00171061 BTC on major cryptocurrency exchanges including Qryptos, Upbit, Bit-Z and Cryptopia. During the last week, Factom has traded 2.5% higher against the US dollar.
Factom has a market cap of $96.04 million and approximately $92,456.00 worth of Factom was traded on exchanges in the last day.
Here’s how similar cryptocurrencies have performed during the last day: Get Factom alerts: XRP (XRP) traded up 0.1% against the dollar and now trades at $0.45 or 0.
00007025 BTC. Stellar (XLM) traded down 1.1% against the dollar and now trades at $0.19 or 0.00003001 BTC.
IOTA (MIOTA) traded 2.9% higher against the dollar and now trades at $1.00 or 0.00015582 BTC. Tether (USDT) traded 0% higher against the dollar and now trades at $1.00 or 0.00015612 BTC.
TRON (TRX) traded up 1.8% against the dollar and now trades at $0.0340 or 0. 530 BTC.
NEO (NEO) traded down 0.3% against the dollar and now trades at $34.02 or 0.
00529971 BTC.
Binance Coin (BNB) traded down 1.6% against the dollar and now trades at $12.70 or 0.00197791 BTC.
VeChain (VET) traded down 0.6% against the dollar and now trades at $2.
22 or 0.00034650 BTC. Ontology (ONT) traded down 2.9% against the dollar and now trades at $3.69 or 0.00057553 BTC. Zilliqa (ZIL) traded 0.
4% lower against the dollar and now trades at $0.0704 or 0.00001096 BTC.
Factom Coin Profile
Factom was first traded on September 1st, 2015. Factom’s total supply is 8,745,102 coins. Factom’s official website 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. “
Factom Coin Trading
Factom can be purchased on the following cryptocurrency exchanges: Poloniex, Qryptos, Cryptopia, Bit-Z, Bittrex, BCEX and Upbit. It is usually not possible to buy alternative cryptocurrencies such as Factom directly using US dollars. Investors seeking to trade Factom should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Coinbase or GDAX.
Investors can then use their newly-acquired Ethereum or Bitcoin to buy Factom using one of the exchanges listed above. Receive News & Updates for Factom updates for Factom and related cryptocurrencies CryptoBeat newsletter . «.
