Factom One Day Volume Tops $180,824.00 (FCT)

Factom (CURRENCY:FCT) traded 1.7% higher against the US dollar during the twenty-four hour period ending at 14:00 PM ET on October 10th. One Factom coin can now be purchased for $3.35 or 0.00039306 BTC on major exchanges including Cryptopia, Upbit, Poloniex and Bit-Z. Over the last seven days, Factom has traded down 2% against the US dollar. Factom has a total market cap of $32.88 million and $180,824.00 worth of Factom was traded on exchanges in the last 24 hours.

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

  • XRP (XRP) traded down 2.8% against the dollar and now trades at $0.27 or 0.00003201 BTC.
  • Tether (USDT) traded up 0.4% against the dollar and now trades at $1.01 or 0.00011819 BTC.
  • Binance Coin (BNB) traded down 0.3% against the dollar and now trades at $17.34 or 0.00202988 BTC.
  • Bitcoin SV (BSV) traded down 2.2% against the dollar and now trades at $87.83 or 0.01028364 BTC.
  • Stellar (XLM) traded down 1.8% against the dollar and now trades at $0.0622 or 0.00000728 BTC.
  • TRON (TRX) traded 3.7% lower against the dollar and now trades at $0.0163 or 0.00000191 BTC.
  • Chainlink (LINK) traded 8.4% lower against the dollar and now trades at $2.54 or 0.00029795 BTC.
  • COZ (COZ) traded up 26.7% against the dollar and now trades at $0.22 or 0.00004541 BTC.
  • NEO (NEO) traded 2.5% lower against the dollar and now trades at $7.54 or 0.00088241 BTC.
  • Crypto.com Chain (CRO) traded 0.3% lower against the dollar and now trades at $0.0381 or 0.00000379 BTC.

Factom Coin Profile

Factom was first traded on October 5th, 2015. Factom’s total supply is 9,824,516 coins. The Reddit community for Factom is /r/factom and the currency’s Github account can be viewed here. Factom’s official Twitter account is @factom and its Facebook page is accessible here. Factom’s official website is factom.org.

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

Factom can be purchased on the following cryptocurrency exchanges: BCEX, Bit-Z, Upbit, Cryptopia, Bittrex and Poloniex. 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 Changelly, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Factom using one of the aforementioned exchanges.

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