Factom Reaches Market Capitalization of $79.49 Million (FCT)

Share on StockTwits

Factom (CURRENCY:FCT) traded down 5.5% against the US dollar during the one day period ending at 9:00 AM ET on May 25th. Factom has a market capitalization of $79.49 million and $143,548.00 worth of Factom was traded on exchanges in the last 24 hours. One Factom coin can now be purchased for about $8.39 or 0.00104337 BTC on cryptocurrency exchanges including Cryptopia, Poloniex, Upbit and Bittrex. Over the last seven days, Factom has traded down 2.7% against the US dollar.

Here’s how related cryptocurrencies have performed over the last 24 hours:

  • XRP (XRP) traded 0.2% lower against the dollar and now trades at $0.39 or 0.00004814 BTC.
  • Binance Coin (BNB) traded up 3.4% against the dollar and now trades at $35.10 or 0.00436547 BTC.
  • Tether (USDT) traded down 0.1% against the dollar and now trades at $1.01 or 0.00012505 BTC.
  • Stellar (XLM) traded down 0.8% against the dollar and now trades at $0.13 or 0.00001578 BTC.
  • TRON (TRX) traded down 0.5% against the dollar and now trades at $0.0282 or 0.00000350 BTC.
  • Bitcoin SV (BSV) traded down 7.6% against the dollar and now trades at $91.94 or 0.01143433 BTC.
  • NEO (NEO) traded 1.4% lower against the dollar and now trades at $11.53 or 0.00143362 BTC.
  • COZ (COZ) traded 26.7% higher against the dollar and now trades at $0.22 or 0.00004541 BTC.
  • Basic Attention Token (BAT) traded 0.3% lower against the dollar and now trades at $0.35 or 0.00004387 BTC.
  • VeChain (VET) traded down 0.7% against the dollar and now trades at $0.0074 or 0.00000092 BTC.

Factom Coin Profile

Factom’s genesis date was October 5th, 2015. Factom’s total supply is 9,475,282 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.   “

Buying and Selling Factom

Factom can be bought or sold on these cryptocurrency exchanges: Poloniex, Cryptopia, BCEX, Bit-Z, Bittrex and Upbit. It is usually not possible to purchase alternative cryptocurrencies such as Factom directly using US dollars. Investors seeking to trade Factom should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Factom using one of the exchanges listed above.

new TradingView.widget({ “height”: 400, “width”: 650, “symbol”: “FCTUSD”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Receive News & Updates for Factom Daily - Enter your email address below to receive a concise daily summary of the latest news and updates for Factom and related cryptocurrencies with MarketBeat.com's FREE CryptoBeat newsletter.



Latest News

Walker Crips Group plc  Announces GBX 0.33 Dividend
Walker Crips Group plc Announces GBX 0.33 Dividend
NVIDIA  Earns “Buy” Rating from Rosenblatt Securities
NVIDIA Earns “Buy” Rating from Rosenblatt Securities
Kratos Defense & Security Solutions  Lifted to Buy at Goldman Sachs Group
Kratos Defense & Security Solutions Lifted to Buy at Goldman Sachs Group
Zacks Investment Research Upgrades Premier  to “Hold”
Zacks Investment Research Upgrades Premier to “Hold”
Financial Comparison: Precision Optics  vs. AxoGen
Financial Comparison: Precision Optics vs. AxoGen
Comparing Eventbrite  and Synacor
Comparing Eventbrite and Synacor


 
© 2006-2019 Zolmax.