About Factom (FCT)
Market Capitalization$15.66 million
Coin or TokenCoin
Number of Exchanges6
Official Website (Alt)N/A
Message Board (Alt)N/A
Blockchain Explorer (Alt)N/A
Factom (FCT) Frequently Asked Questions
What is Factom?
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. (Description provided by CryptoCompare)
What exchanges can I buy or trade Factom on?
How do I buy Factom?
It is not possible to buy most cryptocurrencies with U.S. dollars. Bitcoin, Bitcoin Cash, Ethereum and Litecoin can be purchased with U.S. dollars using Coinbase. Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance or Changelly to purchase other cryptocurrencies, including Factom.
Where can I get Factom wallet?
Factom produces its own wallet software that is available for download on its website, which allows you to store Factom on your computer. For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano S. If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.
What is the value of Factom?
One Factom (FCT) is currently worth $1.69 on major cryptocurrency exchanges. You can also exchange one Factom for 0.00014366 bitcoin(s) on major exchanges. The value (or market capitalization) of all available Factom in U.S. dollars is $15.66 million.
What is the Reddit page for Factom?
The official Reddit community (subreddit) for Factom is r/factom.
MarketBeat Community Rating for Factom (FCT)MarketBeat's community ratings are surveys of what our community members think about Factom and other cryptocurrencies. Vote "Outperform" if you believe the stock will outperform other cryptocurrencies over the long term. Vote "Underperform" if you believe the stock will underperform other cryptocurrencies over the long term. You may vote once every thirty days.
Factom (FCT) Price Chart for Friday, August, 14, 2020
Factom (FCT) Search Trends
There is a correlation between price appreciation and public interest in cryptocurrencies, such as Factom. Many cryptocurrency investors use Google Trends, which measures the volume of web searches for a particular topic over time, as a tool to gauge whether public interest is increasing or decreasing for a particular cryptocurrency. The chart below shows how search volume has changed for the phrase "Factom Coin" over the last 90 days.
Factom (FCT) Social Media Trends
Factom (FCT) News HeadlinesNo headlines for this company have been tracked by MarketBeat.com