Factom Market Cap Reaches $17.75 Million (FCT)

Factom (CURRENCY:FCT) traded 1.9% lower against the dollar during the 1-day period ending at 23:00 PM ET on November 25th. In the last seven days, Factom has traded up 20.7% against the dollar. One Factom coin can currently be bought for approximately $1.75 or 0.00003025 BTC on popular cryptocurrency exchanges. Factom has a market capitalization of $17.75 million and approximately $11,018.00 worth of Factom was traded on exchanges in the last 24 hours.

Here is how similar cryptocurrencies have performed in the last 24 hours:

  • EthereumX (ETX) traded 0% lower against the dollar and now trades at $50,850.52 or 0.78473148 BTC.
  • Tether (USDT) traded down 0% against the dollar and now trades at $1.00 or 0.00001727 BTC.
  • XRP (XRP) traded down 0.8% against the dollar and now trades at $1.03 or 0.00001783 BTC.
  • Polkadot (DOT) traded down 1.4% against the dollar and now trades at $38.63 or 0.00066668 BTC.
  • SHIBA INU (SHIB) traded down 4.4% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • Internet Computer (ICP) traded up 6.6% against the dollar and now trades at $45.18 or 0.00077977 BTC.
  • Filecoin (FIL) traded up 13.1% against the dollar and now trades at $57.83 or 0.00099794 BTC.
  • Lido stETH (STETH) traded up 2.7% against the dollar and now trades at $4,406.31 or 0.07604226 BTC.
  • Bitcoin BEP2 (BTCB) traded up 0.1% against the dollar and now trades at $58,196.49 or 1.00433027 BTC.
  • stETH (Lido) (STETH) traded 3.2% higher against the dollar and now trades at $3,479.19 or 0.06807369 BTC.

Factom Profile

Factom was first traded on September 1st, 2015. Factom’s total supply is 10,128,193 coins. The Reddit community for Factom is /r/factom and the currency’s Github account can be viewed here. Factom’s official website is www.factomprotocol.org. Factom’s official Twitter account is @factom and its Facebook page is accessible here. The official message board for Factom is factomize.com/forums.

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

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 Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Factom using one of the exchanges listed above.

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