Factom FCT Price Chart & Market Cap Index

Factom FCT Price Chart & Market Cap Index

Factom FCT Price Chart & Market Cap Index

#PairPrice24h VolMarket Cap
1FCT/USD$ 10.029$ 2,009,924$ 87,707,634
2FCT/BTC0.002829 567 BTC24,736
Get Factoids (FCT) live price chart, high low price graph, index market price & chart history from all exchanges. FCT to USD (FCT/USD). Factom price today ✓ $ 10.029 USD (0.87 %) Factom Stay up to date with the current price of Factom for 1 min, 1 hours, 24 hours, 7 days, 1 month, 1 year, and more.
Factoids (FCT) Crypto Coin Rank 47
Website r/Factoids (FCT)
8,745,102 FCT

Factoids (FCT)
Factom
FCT Coin Values FCT

Factoids (FCT) valuesUSD Price
$ 10.03

Factoids (FCT) BTC Price
0.002829

Factoids (FCT) 24h Vol
$ 2,009,924

Factoids (FCT) Market Cap
$ 87,707,634

Factoids (FCT) Circulating
24,736

24h Vol
567 BTC
1 Hr
0.49 %
24 Hr
0.87 %
7 Day
-13.65 %
Today Factoids (FCT) price in US dollars is currently 10.03 USD, and if converted to Bitcoin is 0.002829 BTC. A total of 24,736 coin's are currently circulating in the Market. Factoids (FCT) prices are currently experiencing a change of 0.49 %, check all cryptocurrency. Over the past 24 hours 0.020 M US dollars Factoids (FCT) has been traded on Crypto Exchanges. Get Factoids (FCT)'s progress by adding it to your favourites and creating a free portfolio if you wish.
Full Name
Factoids (FCT)
Start Date
2015-05-10
Algorithm
N/A
Proof Type
N/A
Factoids (FCT) Block NumberBlock Number
N/A
Factoids (FCT) Block TimeBlock Time
N/A
Factoids (FCT) Block RewardBlock Reward
N/A
Total Coins Mined
8,745,102 FCT
Max Supply
0
Factoids (FCT) Net Hashes Per Second Net Hashes Per Second
N/A
FCT Charts

Factoids (FCT) Price Charts

Description

Factoids (FCT) Coin Description

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.

Technology

Factoids (FCT) Coin 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.  

Features

Factoids (FCT) Coin 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.

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