Factom 1-Day Trading Volume Reaches $4,956.00 (FCT)

Factom (FCT) traded up 6.4% against the dollar during the 1 day period ending at 0:00 AM ET on June 23rd. Over the last seven days, Factom has traded 29.2% higher against the dollar. Factom has a market cap of $3.10 million and approximately $4,956.00 worth of Factom was traded on exchanges in the last 24 hours. One Factom coin can currently be purchased for about $0.30 or 0.00001420 BTC on cryptocurrency exchanges.

Here’s how related cryptocurrencies have performed over 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 0% higher against the dollar and now trades at $1.00 or 0.00004737 BTC.
  • CV SHOTS (CVSHOT) traded up 12.9% against the dollar and now trades at $23.13 or 0.00109639 BTC.
  • Sweet SOL (SSOL) traded up 600.9% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
  • Bitsubishi (BITSU) traded 6.8% lower against the dollar and now trades at $88.29 or 0.00418694 BTC.
  • Tari World (TARI) traded up 18.6% against the dollar and now trades at $16.45 or 0.00077956 BTC.
  • XRP (XRP) traded 13.4% higher against the dollar and now trades at $0.37 or 0.00001735 BTC.
  • Wrapped Cardano (WADA) traded 5.2% higher against the dollar and now trades at $0.49 or 0.00002338 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 up 1.1% against the dollar and now trades at $2.92 or 0.00013818 BTC.

Factom Profile

Factom’s launch date was September 1st, 2015. Factom’s total supply is 10,356,677 coins. Factom’s official Twitter account is @factom and its Facebook page is accessible here. The official website for Factom is www.factomprotocol.org. The official message board for Factom is factomize.com/forums. 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.   “

Buying and Selling Factom

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 Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Factom using one of the exchanges listed above.

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