Factom (FCT) Achieves Market Capitalization of $44.27 Million

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Factom (CURRENCY:FCT) traded down 3.2% against the dollar during the twenty-four hour period ending at 15:00 PM Eastern on September 7th. One Factom coin can now be bought for approximately $5.06 or 0.00078642 BTC on popular cryptocurrency exchanges including Qryptos, Bit-Z, BCEX and Upbit. During the last week, Factom has traded 12.3% lower against the dollar. Factom has a market capitalization of $44.27 million and $164,615.00 worth of Factom was traded on exchanges in the last 24 hours.

Here’s how other cryptocurrencies have performed during the last 24 hours:

  • XRP (XRP) traded 2.5% lower against the dollar and now trades at $0.29 or 0.00004563 BTC.
  • Stellar (XLM) traded up 3.5% against the dollar and now trades at $0.21 or 0.00003209 BTC.
  • Tether (USDT) traded up 0.3% against the dollar and now trades at $1.00 or 0.00015587 BTC.
  • TRON (TRX) traded down 1.3% against the dollar and now trades at $0.0207 or 0.00000321 BTC.
  • NEO (NEO) traded up 1% against the dollar and now trades at $19.90 or 0.00309177 BTC.
  • Binance Coin (BNB) traded up 0% against the dollar and now trades at $9.97 or 0.00154869 BTC.
  • VeChain (VET) traded down 1.4% against the dollar and now trades at $0.0155 or 0.00000241 BTC.
  • 0x (ZRX) traded down 2.1% against the dollar and now trades at $0.63 or 0.00009789 BTC.
  • IOStoken (IOST) traded down 0.3% against the dollar and now trades at $0.0396 or 0.00000526 BTC.
  • Zilliqa (ZIL) traded down 1.8% against the dollar and now trades at $0.0368 or 0.00000572 BTC.

Factom Coin Profile

Factom was first traded on October 5th, 2015. Factom’s total supply is 8,745,102 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.   “

Factom Coin Trading

Factom can be bought or sold on the following cryptocurrency exchanges: Qryptos, BCEX, Upbit, Poloniex, Bit-Z, Bittrex and Cryptopia. It is usually not presently possible to purchase alternative cryptocurrencies such as 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 Changelly, Coinbase or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Factom using one of the exchanges listed above.

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