Plenty of factors point to the decline of Factom. First of all, it's the shrinking audience on social media platforms, especially Facebook and Reddit. People are no longer interested in this coin and its seemingly good fundamentals that suppose to have resolved the issues of block size and transaction speed that plague Bitcoin. Price-wise, FCT has also been a total disappointment as it reduced in value by 80% since the beginning of the year
Scuba Flyer December 27, 2019 Reply
Factom has everything a crypto project should have to be successful, and yet, it’s not doing anything in terms of price action. I’ve noticed this trend when it comes to legitimate projects, and its that the more a project is professional, its price declines. Government contracts are just the tip of the iceberg for FCT, and it’s just stagnating.
Santiago April 28, 2019 Reply
Woah FCT is moving!! It's about time for such an awesome project. If you continue to doubt reliable projects with top developers then you will watch from the sidelines as they pump to the moon and beyond. FCT has been around forever and has witnessed its pumps and dumps, but it's heading all the way back to $30 in no time I'm sure. Look at BTC and tell me that this market isn't healthy right now. All indicators are pointing to buy Altcoins right now. When BTC pumps alts dump and this is the point where you should be buying. Once the profit takers move back to alts it's going to be an early Christmas!
Jacob April 2, 2019 Reply
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.
carl March 17, 2019 Reply
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.
Petey March 4, 2019 Reply
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.
ReaDer December 23, 2018 Reply
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 pr...