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Factom Crypto Coin Rank 317
Website
9,238,952 FCT

Factom
Factom
FCT Coin Values FCT

Factom valuesUSD Price
$ 1.53

Factom BTC Price
0.00016547

Factom 24h Vol
$ 353,859

Factom Market Cap
$ 14,142,283

24h Vol
38 BTC
1 H
-0.92 %
24 H
8.47 %
7 d
-4.07 %
Current Status: Factom The latest price of this cryptocurrency in USD is 1.53 USD, , and when converted to Bitcoin the value stands at 0.00016547 BTC. Total Circulating Supply: 9,238,952 FCT that are currently circulating in the global market is estimated at Factom Market Trend: 8.47 %The price movement is showing a fluctuation of Explore all available cryptocurrencies here. 24-Hour Market Data: 0.004 M US dollars In the last 24 hours, the market has experienced a change in volume and price movement, reflecting the volatility of the crypto sector. Factom Trade Volume: The total number of transactions executed across major crypto exchanges stands at an impressive figure.. Get Factom's progress by adding it to your favourites and creating a free portfolio.
Full Name
Factom
Symbol
FCT
Algorithm
BTC Price
0.00016547 BTC
BTC Market
1,529 BTC
BTC 24h Vol
38 BTC
Total Coins Mined
9,238,952 FCT
1h
-0.92 %
24h
8.47 %
7d
-4.07 %
Website
FCT Charts

Factom Price Charts

FCT High/Low Price Chart

Factom Price High/Low Price Chart

Historical Data

Factom Crypto Technology

Markets

Factom Crypto Market

Description

Factom Crypto ICO 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

Factom Crypto 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

Factom - Detailed Information

Find everything you need to know about Factom in this section.

What is the current price of Factom?

2025-02-21 16:27:32 Today, the price of Factom in US dollars is currently 1.53. If converted to BTC, the price is 38.25 BTC.

What is the 24-hour price change for Factom?

2025-02-21 16:27:32 The price of Factom is currently experiencing a change of 8.47% over the last 24 hours. This indicates the fluctuation in its price within a day, and can be useful to assess its short-term performance.

What is the available supply of Factom?

2025-02-21 16:27:32 The available supply of Factom is currently 9,238,952 FCT. This refers to the total number of units of the cryptocurrency that are in circulation, excluding any that are yet to be mined or issued.

What is the market capitalization ofFactom?

The market capitalization of Factom is currently 14,142,283.00 USD. Market cap is calculated by multiplying the current price by the total supply, providing a rough estimate of its overall value in the market.

What is the trading volume in the last 24 hours?

In the last 24 hours, a trading volume of approximately 0.004 million USD has been recorded for Factom. This reflects the amount of market activity and how liquid the asset is during that time period.

What is the 7-day price change for Factom?

The price of Factom has changed by -4.07% over the last 7 days. This shows the longer-term trend in its price and can give an indication of market sentiment and volatility over a week.

What is the historical high price of Factom?

The all-time high price of Factom is currently not listed, but check for historical charts for detailed insights. It's important to track the highest price ever reached to gauge its peak market interest.

What technology supports 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.  

. Understanding the technology behind the asset is crucial for evaluating its functionality, scalability, and overall viability in the market.

Is there a whitepaper available for Factom?

No whitepaper available.. A whitepaper provides an in-depth explanation of the project, its objectives, and technical structure.

What is the 1-hour price change for Factom?

The price of Factom changed by -0.92% over the past hour. This rapid fluctuation reflects short-term market behavior and can be an indicator of short-lived trends or news-driven movements.

What is the market rank of Factom?

Factom is currently ranked at position 317 in the market. Market rank is an important indicator of how an asset compares to other cryptocurrencies in terms of market capitalization.

What are the trading pairs available for Factom?

Trading pairs can be found on various exchanges. Visit our exchange list for more details. Trading pairs allow users to exchange Factom with different cryptocurrencies or fiat currencies.

What social media pages are linked to Factom?

Reddit: N/A, X: @factomproject. Social media pages can provide updates and community discussions surrounding the asset, offering insights into public sentiment and news.

What wallets support Factom?

Various wallets are available for FCT. Please visit the wallet providers listed on the page. Choosing a secure and reliable wallet is essential for storing your FCT safely.

What is the ICO status of Factom?

N/A. The ICO status indicates whether the initial coin offering has concluded, is ongoing, or is yet to begin, which is crucial for potential investors.

When did the ICO start and end for Factom?

Start: 1969-12-31, End: 1969-12-31. This provides important details for those interested in the project's fundraising timeline.

What is the token supply for Factom?

. The total token supply is a key metric for assessing scarcity and inflation potential within the cryptocurrency market.

What are the main features of Factom?

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.

. The main features highlight the unique selling points of the cryptocurrency, from transaction speed to security, offering users a clearer view of its advantages.

Where can I find market news related to Factom?

Keeping up with market news is important for making informed decisions regarding investments in Factom. You can also check the latest news specifically about Factom here.

What is the trading trend for the past 2 years?

Detailed historical price data can be found on the price history section of this page. Analyzing the past 2 years helps to understand long-term trends, such as market cycles and growth patterns.


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