Factom (FCT) Market Cap Reaches $4.30 Million

Factom (FCT) traded up 9.4% against the U.S. dollar during the 24 hour period ending at 8:00 AM ET on April 18th. One Factom coin can now be purchased for $0.42 or 0.00001064 BTC on cryptocurrency exchanges. Over the last seven days, Factom has traded down 21.3% against the U.S. dollar. Factom has a total market capitalization of $4.30 million and approximately $2,690.00 worth of Factom was traded on exchanges in the last day.

Here’s how similar cryptocurrencies have performed over the last day:

  • Tether (USDT) traded 0% lower against the dollar and now trades at $1.00 or 0.00002548 BTC.
  • XRP (XRP) traded 4.2% lower against the dollar and now trades at $0.74 or 0.00001896 BTC.
  • Polkadot (DOT) traded down 5.4% against the dollar and now trades at $17.60 or 0.00044831 BTC.
  • Shiba Inu (SHIB) traded 5.8% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • Wrapped TRON (WTRX) traded 3.8% lower against the dollar and now trades at $0.0601 or 0.00000153 BTC.
  • Lido stETH (STETH) traded 3.7% lower against the dollar and now trades at $2,926.63 or 0.07456285 BTC.
  • EarnX (EARNX) traded up 396,248.3% against the dollar and now trades at $0.0008 or 0.00000002 BTC.
  • stETH (Lido) (STETH) traded flat against the dollar and now trades at $3,479.19 or 0.06807369 BTC.
  • Bitcoin BEP2 (BTCB) traded down 3.2% against the dollar and now trades at $39,127.92 or 0.99687638 BTC.
  • Filecoin (FIL) traded 9.3% lower against the dollar and now trades at $19.14 or 0.00048760 BTC.

Factom Profile

Factom’s launch date was September 1st, 2015. Factom’s total supply is 10,300,127 coins. The Reddit community for Factom is /r/factom and the currency’s Github account can be viewed here. The official website for Factom is www.factomprotocol.org. The official message board for Factom is factomize.com/forums. Factom’s official Twitter account is @factom and its Facebook page is accessible 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

It is usually not currently 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 GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Factom using one of the exchanges listed above.

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