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Factom($FCT)
$0.492275
Low $0.0
High $0.0
What is Factom?
Factom is the first usable blockchain technology to solve real-world business problems by providing an unalterable record-keeping system. By creating a data layer on top of the <a href="https://www.coingecko.com/en/coins/bitcoin">Bitcoin</a...
Factom is the first usable blockchain technology to solve real-world business problems by providing an unalterable record-keeping system. By creating a data layer on top of the Bitcoin blockchain, Factom’s distributed ledger technology secures millions of real-time records in the blockchain with a single hash using cryptographic isolation. Businesses and governments alike can use Factom to document their information so that it cannot be modified, deleted or backdated. Factom’s technology decentralizes record keeping by ensuring that the integrity of stored data remains intact, providing complete transparency, while at the same time maintaining user privacy in an increasingly digital world.
The Factom project began in 2014 which puts it on the older end of the blockchain spectrum. The team has made steady progress since then. They released the first version of Factom in early 2015 and had their token sale in the middle of that year. In August of 2015, they were accepted into the Plug and Play FinTech accelerator and were chosen as one of Austin’s A-List start-ups in May 2016. Based out of Austin, TX, the core team has multiple members with several years of experience in the blockchain space. Peter Kirby, Factom Co-founder and CEO, and Abhi Dobhal, VP Product Management, previously worked together at CoinTerra, Inc – a producer of ASIC miners for Bitcoin.
The price of a Factoid is directly tied to the amount of network usage. As more businesses join the network, it will become more costly to submit Entries which will, in turn, affect the Factoid price. Once the number of Factoids being burned outpaces the 73,000 that are created each month, the currency will become deflationary. This may drive the price up even further.
Tags
Influencers
Twitter Mentions
1 mentions
CoinScouts Grade
Market Statistics
Volume
$14.00
Market Cap
$5,134,565.00
Fully Diluted
n/a
Market cap Value
0.00 %
Circulating Supply
10,430,274
Max Supply
∞
Total Supply
∞
% of Total Supply
UnkownSelf Reporting
Self-Reporting Dashboard (SRD)
Statistics
Factom Statistics
Name
FactomTicker
FCTPrice
$0.49227524 Hour Trading Volume
$14.0024 Hour Volume Change
0.00%Market cap
$5,134,565.0024 Hour Market Cap Change
0.00%Fully Diluted Market Cap
n/aPrice change 24 hour
0.00%Price change 7 days
0.00%Price change 14 days
0.00%Price change 30 days
0.00%All Time Low/High
$0.074999 | $79.45Percentage Change Since All Time High
-99.38%Percentage Change Since All Time Low
556.37%Market cap rank
#1058Volume / Market Cap
0.00000Issuance Blockchain
FactomCirculating Supply
10,430,274Max Supply
∞Total Supply
∞24h Volatility
$0.12Twitter Followers
61,547Telegram Users
165Reddit Subscribers
8,342Github subs
n/aGithub issues
n/a
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Factom News
No news for Factom known.