Factom Reaches One Day Trading Volume of $79,659.00 (FCT)

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Factom (CURRENCY:FCT) traded 7.8% higher against the US dollar during the 24-hour period ending at 13:00 PM ET on December 4th. One Factom coin can currently be purchased for approximately $2.84 or 0.00038007 BTC on major cryptocurrency exchanges including Bittrex, Cryptopia, Poloniex and Bit-Z. During the last week, Factom has traded 4.8% higher against the US dollar. Factom has a market capitalization of $26.94 million and $79,659.00 worth of Factom was traded on exchanges in the last day.

Here is how other cryptocurrencies have performed during the last day:

  • XRP (XRP) traded 1.2% lower against the dollar and now trades at $0.22 or 0.00002941 BTC.
  • Tether (USDT) traded 0.7% lower against the dollar and now trades at $1.00 or 0.00013404 BTC.
  • Binance Coin (BNB) traded up 0.5% against the dollar and now trades at $15.56 or 0.00208293 BTC.
  • Bitcoin SV (BSV) traded down 0.2% against the dollar and now trades at $97.65 or 0.01307317 BTC.
  • Stellar (XLM) traded down 0.5% against the dollar and now trades at $0.0562 or 0.00000753 BTC.
  • TRON (TRX) traded 5.2% lower against the dollar and now trades at $0.0147 or 0.00000197 BTC.
  • Chainlink (LINK) traded 4.1% lower against the dollar and now trades at $2.09 or 0.00027927 BTC.
  • COZ (COZ) traded up 26.7% against the dollar and now trades at $0.22 or 0.00004541 BTC.
  • NEO (NEO) traded 1.9% lower against the dollar and now trades at $8.96 or 0.00119940 BTC.
  • VeChain (VET) traded up 4.8% against the dollar and now trades at $0.0073 or 0.00000098 BTC.

About Factom

Factom’s launch date was October 5th, 2015. Factom’s total supply is 9,495,870 coins. Factom’s official Twitter account is @factom and its Facebook page is accessible here. Factom’s official website is factom.org. 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 traded on the following cryptocurrency exchanges: Bittrex, BCEX, Cryptopia, Bit-Z, Poloniex and Upbit. It is usually not currently 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 GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Factom using one of the exchanges listed above.

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