FirmaChain Trading Up 8% Over Last Week (FCT,FCT2)

FirmaChain (FCT,FCT2) traded 3.7% higher against the US dollar during the 1-day period ending at 11:00 AM ET on August 6th. One FirmaChain coin can currently be purchased for about $0.0690 or 0.00000297 BTC on exchanges. FirmaChain has a total market cap of $34.07 million and approximately $18.03 million worth of FirmaChain was traded on exchanges in the last 24 hours. In the last week, FirmaChain has traded 8% higher against the US dollar.

Here’s how other cryptocurrencies have performed in the last 24 hours:

• JUMPN (JST) traded down 54% against the dollar and now trades at $5.46 or 0.00018651 BTC.
• Tarality (TARAL) traded up 136% against the dollar and now trades at $0.0015 or 0.00000006 BTC.
• Tether (USDT) traded 0% higher against the dollar and now trades at $1.00 or 0.00004306 BTC.
• The Web3 Project (WEB3) traded 0.7% higher against the dollar and now trades at $145.10 or 0.00624749 BTC.
• Sweet SOL (SSOL) traded up 600.9% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Bitsubishi (BITSU) traded 37.7% higher against the dollar and now trades at $98.34 or 0.00428675 BTC.
• XRP (XRP) traded up 0.5% against the dollar and now trades at $0.38 or 0.00001617 BTC.
• Wrapped Cardano (WADA) traded 1.5% higher against the dollar and now trades at $0.52 or 0.00002237 BTC.
• Gateway Protocol (GWP) traded 1.9% higher against the dollar and now trades at $3.58 or 0.00015394 BTC.
• Lido stETH (STETH) traded down 0.6% against the dollar and now trades at $2,947.45 or 0.07417648 BTC.

FirmaChain Profile

FirmaChain launched on October 5th, 2015. FirmaChain’s total supply is 648,058,364 coins and its circulating supply is 494,017,474 coins. FirmaChain’s official message board is medium.com/firmachain. The official website for FirmaChain is firmachain.org/#. FirmaChain’s official Twitter account is @FactomProtocol and its Facebook page is accessible here.

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 possible to buy alternative cryptocurrencies such as FirmaChain directly using US dollars. Investors seeking to trade FirmaChain should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy FirmaChain using one of the exchanges listed above.