Factom (FCT) traded 18.8% higher against the dollar during the 24-hour period ending at 22:00 PM Eastern on May 22nd. One Factom coin can now be bought for about $0.35 or 0.00001176 BTC on cryptocurrency exchanges. Over the last week, Factom has traded 16.7% higher against the dollar. Factom has a market capitalization of $3.66 million and approximately $2,219.00 worth of Factom was traded on exchanges in the last day.
Here’s how related cryptocurrencies have performed over the last day:
- Bitsubishi (BITSU) traded 79.8% higher against the dollar and now trades at $6,761.37 or 0.22433984 BTC.
- JUMPN (JST) traded 517.8% higher against the dollar and now trades at $2.21 or 0.00007280 BTC.
- Tether (USDT) traded 0% higher against the dollar and now trades at $1.00 or 0.00003315 BTC.
- XRP (XRP) traded 1.6% higher against the dollar and now trades at $0.42 or 0.00001395 BTC.
- Wrapped Cardano (WADA) traded up 2.1% against the dollar and now trades at $0.54 or 0.00001794 BTC.
- Enegra (EGX) (EGX) traded up 0.7% against the dollar and now trades at $147.93 or 0.00490822 BTC.
- Lido stETH (STETH) traded down 0.6% against the dollar and now trades at $2,947.45 or 0.07417648 BTC.
- Polkadot (DOT) traded 1% higher against the dollar and now trades at $10.07 or 0.00033424 BTC.
- Wrapped TRON (WTRX) traded 4% higher against the dollar and now trades at $0.0770 or 0.00000255 BTC.
- Gateway Protocol (GWP) traded 1.1% lower against the dollar and now trades at $2.56 or 0.00008491 BTC.
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 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, Changelly 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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