FirmaChain (FCT) Achieves Market Cap of $72.97 Million

FirmaChain (CURRENCY:FCT) traded up 6.2% against the dollar during the one day period ending at 19:00 PM ET on November 25th. In the last week, FirmaChain has traded up 15.6% against the dollar. One FirmaChain coin can now be bought for $0.22 or 0.00000367 BTC on popular cryptocurrency exchanges. FirmaChain has a total market capitalization of $72.97 million and approximately $45.96 million worth of FirmaChain was traded on exchanges in the last day.

Here is how other cryptocurrencies have performed in the last day:

  • EthereumX (ETX) traded 0% lower against the dollar and now trades at $50,850.52 or 0.78473148 BTC.
  • Tether (USDT) traded up 0.1% against the dollar and now trades at $1.00 or 0.00001693 BTC.
  • XRP (XRP) traded up 1% against the dollar and now trades at $1.04 or 0.00001769 BTC.
  • Polkadot (DOT) traded up 1.4% against the dollar and now trades at $39.34 or 0.00066581 BTC.
  • SHIBA INU (SHIB) traded up 5.5% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • Internet Computer (ICP) traded up 5.1% against the dollar and now trades at $42.98 or 0.00072742 BTC.
  • Filecoin (FIL) traded 7.6% higher against the dollar and now trades at $54.98 or 0.00093053 BTC.
  • Lido stETH (STETH) traded 5.1% higher against the dollar and now trades at $4,483.41 or 0.07588704 BTC.
  • Bitcoin BEP2 (BTCB) traded 2.5% higher against the dollar and now trades at $58,817.98 or 0.99556501 BTC.
  • stETH (Lido) (STETH) traded 3.2% higher against the dollar and now trades at $3,479.19 or 0.06807369 BTC.

FirmaChain Profile

FirmaChain’s genesis date was October 5th, 2015. FirmaChain’s total supply is 600,000,000 coins and its circulating supply is 336,216,862 coins. FirmaChain’s official Twitter account is @FactomProtocol and its Facebook page is accessible here. FirmaChain’s official website is firmachain.org/#. The official message board for FirmaChain is medium.com/firmachain.

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.   “

Buying and Selling FirmaChain

It is usually not currently possible to purchase alternative cryptocurrencies such as FirmaChain directly using US dollars. Investors seeking to trade FirmaChain should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase FirmaChain using one of the exchanges listed above.

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