Factom Market Capitalization Achieves $143.79 Million (FCT)

Factom (CURRENCY:FCT) traded 5% lower against the US dollar during the 24-hour period ending at 15:00 PM Eastern on May 27th. Factom has a total market cap of $143.79 million and approximately $1.22 million worth of Factom was traded on exchanges in the last 24 hours. Over the last seven days, Factom has traded 2.6% lower against the US dollar. One Factom coin can currently be bought for $16.44 or 0.00225135 BTC on popular cryptocurrency exchanges including Qryptos, Poloniex, Bit-Z and Upbit.

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

  • Ripple (XRP) traded 2.7% lower against the dollar and now trades at $0.61 or 0.00008292 BTC.
  • Stellar (XLM) traded 5.6% lower against the dollar and now trades at $0.27 or 0.00003765 BTC.
  • TRON (TRX) traded 7.9% lower against the dollar and now trades at $0.0696 or 0.00000954 BTC.
  • IOTA (MIOTA) traded 5.9% lower against the dollar and now trades at $1.44 or 0.00019758 BTC.
  • NEO (NEO) traded down 4% against the dollar and now trades at $51.84 or 0.00709833 BTC.
  • Tether (USDT) traded 0.1% lower against the dollar and now trades at $1.00 or 0.00013693 BTC.
  • VeChain (VEN) traded down 4.8% against the dollar and now trades at $3.45 or 0.00047234 BTC.
  • Binance Coin (BNB) traded 4.5% lower against the dollar and now trades at $12.42 or 0.00170038 BTC.
  • Zilliqa (ZIL) traded down 5% against the dollar and now trades at $0.12 or 0.00001596 BTC.
  • Ontology (ONT) traded 2.4% lower against the dollar and now trades at $6.47 or 0.00088632 BTC.

About Factom

Factom was first traded on September 1st, 2015. Factom’s total supply is 8,745,102 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.   “

Factom Coin Trading

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

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