What is Factoid FCT crypto coin ?
How can we learn from the project website, the Factom Foundation is a United Kingdom nonprofit that is dedicated to supporting and maintaining the Factom Protocol and Network. Their goal is to provide Factom as an open-source public utility where anyone can publish data, which is secured to the blockchain. They said: “We call our publishing engine the Factom Network. It is a platform for constructing precise, verifiable and immutable record systems.”
What is important, the network creates a censorship resistant blockchain which is rendered immutable by the Bitcoin blockchain. It provides a platform where diverse parties can collaboratively publish and interact without relying on a middleman.
The Factom (FCT) token is a tradable right to obligate the Factom protocol. The original supply of Factoids was set by the software token sale. Once the full Factom protocol is running, Factoids will be issued at a fixed rate to the servers that run the protocol. For now, until the protocol is completely deployed, no new Factoids will be issued.
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.
Where and how to buy FCT?
Enterprise Wallet, it has been completely redesigned from the bottom up with improved functionality, ease of use, and a great new feel. Before attempting to transact factoids (FCT) read guides. The software is still in Beta, so use the instructions at your risk. Do not use a lot of Factoids in case there are issues, bugs, or you mistype a command. Phoning a friend after the damage is done will not fix things.
Factom is not intended for data storage. The prices are projected at ~$1048/GiB. Factom is for packaging data to be shared on a P2P network. The intent is to make a system that is simultaneously censorship and spam resistant. It is a method for disparate parties to agree on one version of history. You can buy FCT here: Poloniex, BitTrex:, ShapeShift, Changelly, BitMex, YuanBao and CoinCheck.
Predictions about this token?
At Factom, they work as a team, and everyone has a role in the overall success of our company. They expect a lot from their team members because developing the future of data takes innovative and visionary minds. Factom is a place where everyone’s opinion counts. Predictions are good and also, the reviews on Reddit are good:
“This is good. Although I don’t approve of McAfee pumping coins like this, any exposure is good. All the new comers to the space are trying to find the good projects out of thousands, so anyone with a voice that can point some in this direction is good. Those that read up about Factom will understand how huge this project is.” (Reddit, dreamersonder)
“I have a friend who wants to put a bit into crypto. I obviously warned him about the volatility but gave him 3 “safe” picks to look into. Factom is one. It isn’t glamorous or filled with shills but I can see great things ahead with an actual solid use case.” (Reddit, JohnnyWyles )