Factom - FCT

Factom FCT price, market cap & charts

Live Factom prices from all markets and FCT coin market Capitalization. Stay up to date with the latest Factom price movements and discussion. Check out our snapshot charts and see when there is an opportunity to buy or sell Factom

Price

BTC 0.00159928
USD

8.73

Market Cap

USD

82,492,135

Change % (1H)

%

-0.11

Change % (24H)

%

-0.27

Factom (FCT) Historical Price & Volume Charts

What is Factom?

Blockchain to Business and Governments

Factom is a system for securing millions of real-time records in the blockchain with a single hash.

Businesses and governments can use Factom to simplify records management, record business processes, and address security and compliance issues.

Factom uses the blockchain to power a remarkable range of applications, including audit systems, medical records, supply chain management, voting systems, property titles, legal applications, and financial systems.

Download the Factom Whitepaper to understand out how business and governments can use the blockchain technology to improve their services and their profit margins.

Genesis Date: 2015-05-10

Website: http://factom.org/

Features

Factoids are traded on Poloniex under the ticker – “FCT”, making the whole project more approachable for novice users. The ticker “FCT” coupled with “Factom Exchange” should make it a lot easier for anyone to find the software tokens on Poloniex. It’s not necessary to know all the technical aspects regarding Factom or Factoids to reap the benefits of this platform.

Investors have been eagerly awaiting the addition of Factoids on major cryptocurrency exchanges since the conclusion of the Factom token sale. Factoids trading on crypto-exchanges are likely to generate additional interest in the Factom platform while allowing new community members to purchase some tokens for future use.

In preparation for the launch of the Factoids trading market on Poloniex, the Factom team also released the binaries and installers for the project’s software client recently. The Factom client provides a convenient manner of storing and transferring Factoids.

Technology

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 Wiki

beta

Factom Key Financial Information

Mkt. CapUSD 82,492,135Volume 24HUSD 92,462
Mkt. Share0.05 %Available Supply9,444,784
Change % (1H)-0.11 %Max Supply0
Change % (24H)-0.27 %Total Supply9,444,784
Change % (7D)-4.88 %Proof
AlgorithmUpated: 3 hours ago

Factom Historical Data

DatePriceVolume

Factom Videos

What is Factom and is it too late to invest in FCT?
NINE SOLID REASONS TO BUY FACTOM (FCT)

Factom (FCT) Reviews & Critics

Factom is the first blockchain technology by creating an unalterable record system. No one can change documents or make them fraudulent to produce ....

  • I wish Factom owners good price of Factom cryptocurrency... Thumb up.. Have a nice day.
  • why is Factom a good project?http://factomcoin.blogspot.com/2017/12/why-is-factom-good-project.html
  • IOTAThis project is amazing do your research!!!Going up steady today!!!https://www.binance.com/trade.html?symbol=IOTA_BTC
  • Absolutely not too late for anything . . . Bitcoin is at 94 billion market cap and Facebook has a 400 billion market cap - invest and then get factom to third world countries for proper titlement for multiple 100 x upward value
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