Factom was such a promising project 2 years ago but it's really just hung around since then. Recently they had a big announcement but it doesn't seem like much happened from it? Does anyone have any more info on this coin? I still like the idea but the charts have been looking really bad lately. A lot of channels I watch say to keep an eye on FCT, but I'm not so sure anymore.
Factom has been performing so well, this last 12HR candle isn't showing the long term trajectory. We're looking at another leg up once this small shake out gets all the speculators out. This was all from the last run up about a month ago.
Mining is not there and never was. In the genesis of the block, 8759968 coins were issued, all of them were sold on a crowdsale where more than a million dollars were collected, it was about $ 0.11 per coin (52K satoshi at the then exchange rate). Annual emission of 10% of these 8759968 coins (approximately 73K per month) is expected to be distributed among the owners of the servers that support their infrastructure. I can be mistaken, but it seems that it is not yet implemented and therefore does not work.
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The Factom protocol is supported by its diverse community. Stakeholders who engage in the protocol's decision-making are rewarded for their efforts. A sustainable funding model and decentralized governance structure ensure that companies across the globe continue to create powerful and secure...