FirmaChain Price Hits $0.0585 on Exchanges (FCT,FCT2)

FirmaChain (FCT,FCT2) traded up 0.7% against the dollar during the one day period ending at 17:00 PM E.T. on June 23rd. One FirmaChain coin can currently be bought for approximately $0.0585 or 0.00000281 BTC on exchanges. FirmaChain has a market cap of $27.65 million and approximately $1.47 million worth of FirmaChain was traded on exchanges in the last 24 hours. In the last seven days, FirmaChain has traded up 10.1% against the dollar.

Here’s how other cryptocurrencies have performed in the last 24 hours:

  • JUMPN (JST) traded down 54% against the dollar and now trades at $5.46 or 0.00018651 BTC.
  • Tether (USDT) traded up 0% against the dollar and now trades at $1.00 or 0.00004805 BTC.
  • CV SHOTS (CVSHOT) traded up 10.6% against the dollar and now trades at $22.76 or 0.00109436 BTC.
  • Sweet SOL (SSOL) traded 600.9% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
  • Bitsubishi (BITSU) traded 52.7% higher against the dollar and now trades at $82.66 or 0.00397473 BTC.
  • Tari World (TARI) traded up 14.9% against the dollar and now trades at $15.83 or 0.00076141 BTC.
  • Wrapped Cardano (WADA) traded up 2.3% against the dollar and now trades at $0.48 or 0.00002290 BTC.
  • XRP (XRP) traded up 2.9% against the dollar and now trades at $0.33 or 0.00001593 BTC.
  • Lido stETH (STETH) traded 0.6% lower against the dollar and now trades at $2,947.45 or 0.07417648 BTC.
  • Gateway Protocol (GWP) traded 2.9% lower against the dollar and now trades at $2.90 or 0.00013958 BTC.

FirmaChain Coin Profile

FirmaChain’s launch date was October 5th, 2015. FirmaChain’s total supply is 636,215,414 coins and its circulating supply is 472,908,663 coins. FirmaChain’s official website is firmachain.org/#. FirmaChain’s official Twitter account is @FactomProtocol and its Facebook page is accessible here. The official message board for FirmaChain is medium.com/firmachain.

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.   “

FirmaChain Coin Trading

It is usually not possible to buy alternative cryptocurrencies such as FirmaChain directly using U.S. dollars. Investors seeking to acquire FirmaChain should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy FirmaChain using one of the exchanges listed above.

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