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Factom is a decentralized storage platform, which works with a secure blockchain. Any organization or company can store their data privately on the blockchain. Factom's innovation is based on the data layer created on the Bitcoin blockchainFactom was made to conquer a portion of the weaknesses of Bitcoin blockchain. To be sure, the Bitcoin arrangement can't bolster an extensive volume of exchanges without an effect on the executives expenses. Factom offers a blockchain that can adjust to a substantial number of activities while offering lower costs. The Factom arrange utilizes its very own tokens, the Factoids (FCT). This cash is utilized as a section charge for organizations to store and secure their archives in the blockchain.
On 1st September, 2017 the initial price of Factom in India was INR 2061.18 and in this month the team factom released their Enterprise wallet with encryption and there was decline in the Factom Price in India and it closed the month September 2017 with FCT to INR 1198.12 on 30 September 2017. On 1st december 2017, The price of Factom in India was INR 1505.15 and finally it rose up as high and closed the month December 2017 with FCT to INR 43559.04.
On 1st January, 2018 the FCT price in India was INR 4460.34 and it dipped down and reached FCT to INR 2430.92 on 31 January 2018. FCT price in India on 1st February, 2018 was INR 2472.38 and there was decline in the price and it was trading at FCT to INR 2117.37 on 27 February 2018 which kept plummeting for the whole year with a slight bullish trend from 12th to 27th April and finally closed at value INR 627.73 on 31st December 2018.
In the beginning, Factom price in INR was 569.89 and FCT price reached maximum of 775.50 on 12th May, 2019 and by the end of the year on 31st December 2019 it slid back to INR 134.16.
On 1st January 2020, Factom price started with INR 156.81 and has reached Highest by far on 11th February 2020 at INR 295.69 with sliding back to INR 113.87 on 13th March and recovering at INR 142.14 as on 1st June
Factom price in India today is ₹100.07 INR with a 24-hour trading volume of ₹3,596,380. FCT price is up 2.7% in the last 24 hours. It has a circulating supply of 9.6 Million FCT coins and a max supply of ?. BuyUcoin is the current most active market trading it.
The Factom Blockchain is orders of magnitude less expensive and has orders of magnitude more capacity for transaction volume.
Factom also has built-in layers of redundant security that other blockchains do not offer.
The layering effect of security ensures the immutability of its blocks.
The Factom blockchain offers a theme tracking capability that helps those wishing to do large volumes of transactions. This enables the ability to chain together data you care about and forget the rest of the data set.
Whether you want to buy FACTOM in India Or you want to sell FACTOM in India. The most secure and safest platform in India is BuyUCoin. It is the best Indian Exchange which offers FCT to INR trading pairs. It is India’s most secure, dedicated, User friendly and trusted digital exchange. At BuyUCoin you can not only buy/ sell FCT in inr but also more than 30 cryptocurrencies and It follows payment industry best practices with strict KYC-AML policies because of these features BuyUCoin become a leader in Indian cryptocurrency Market of cryptocurrency exchanges.