Factom (FCT) 24 Hour Trading Volume Hits $88,370.00
Factom (CURRENCY:FCT) traded down 0.3% against the dollar during the twenty-four hour period ending at 20:00 PM Eastern on October 19th. One Factom coin can currently be bought for approximately $4.13 or 0.00064216 BTC on exchanges including Upbit, BCEX, Poloniex and Bittrex. Factom has a total market cap of $36.11 million and $88,370.00 worth of Factom was traded on exchanges in the last 24 hours. During the last week, Factom has traded up 3.1% against the dollar.
Here’s how similar cryptocurrencies have performed during the last 24 hours:
- XRP (XRP) traded down 0.8% against the dollar and now trades at $0.45 or 0.00007068 BTC.
- Stellar (XLM) traded up 3% against the dollar and now trades at $0.25 or 0.00003822 BTC.
- Tether (USDT) traded 0.8% higher against the dollar and now trades at $0.99 or 0.00015361 BTC.
- TRON (TRX) traded down 0.4% against the dollar and now trades at $0.0241 or 0.00000375 BTC.
- Binance Coin (BNB) traded up 0.9% against the dollar and now trades at $9.77 or 0.00151986 BTC.
- NEO (NEO) traded down 0.2% against the dollar and now trades at $16.48 or 0.00256341 BTC.
- VeChain (VET) traded up 0.7% against the dollar and now trades at $0.0115 or 0.00000178 BTC.
- 0x (ZRX) traded up 5% against the dollar and now trades at $0.91 or 0.00014151 BTC.
- Maker (MKR) traded 1.6% higher against the dollar and now trades at $673.37 or 0.10471593 BTC.
- IOStoken (IOST) traded down 0.3% against the dollar and now trades at $0.0396 or 0.00000526 BTC.
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. “
Factom Coin Trading
Factom can be purchased on the following cryptocurrency exchanges: Bit-Z, BCEX, Cryptopia, Poloniex, Upbit and Bittrex. It is usually not possible to buy alternative cryptocurrencies such as Factom directly using U.S. dollars. Investors seeking to trade Factom should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Factom using one of the aforementioned exchanges.
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