What Is Factom (FCT)?
The Factom Protocol introduces “an open source, decentralised data integrity protocol that extends the security of blockchain to any data type,” according to its own description. According to reports, the protocol is simple to connect with any system, making it an affordable source of unquestionable truth and verification for business and government.
According to the protocol’s fixed cost and dual token design, subscription models are made possible where users do not need to store tokens even though they are used automatically in the background. The group sees the Factom protocol as a universal resource for businesses to offer frictionless access to applications with no need for extra engagement with the underlying, integrated technology.
The vision of the team is for the Factom protocol to ‘enable a future where users are able to trust their documents, digital data, and all network connected “things” while allowing developers to create new, world-changing applications’.
How to Buy Factom in India?
Below is the simple 5 step to complete guide on how to buy Factom instantly.
Step 1 : Open Free Factom Wallet With BuyUcoin
To sign up and register with buyucoin, first you have to enter your email or password, also you can use signup with Google to open a free Factom wallet in an even easier way.
Step 2 : Verify Your Email Address
Once you have registered with BuyUcoin, you will need to go to your profile section and verify your email with an OTP or Email verification link which has been sent to your email address.
Step 3 : Complete Your KYC
After email verification, you will have to get your identity verified through KYC, which helps you to buy Factom easily or instantly.
Step 4 : Google 2 step Verification
To use 2FA, the Authenticator app must be enabled on your smartphone or tablet. If enabled, any time you log in to your BuyUcoin account, you will be asked to include a 6- digit one-time password with your email and password. These only functions when an email and password are entered.
Step 5 : Buy Factom Through Spot or OTC Desk
After completing your KYC you have to add your primary bank and UPI into your BuyUcoin wallet, then you need to add fiat currency to buy factom such as INR to FCT. There are 2 ways to buy factom on BuyUcoin Cryptocurrency Exchange, first way is Spot market and second way is EZ/OTC. With EZ/OTC you can buy factom instantly and easily.
You may earn free factom and 40+ other cryptocurrencies up to Rs 1000 per day on signup, referral, affiliate commissions, trading, deposit, staking, and more With the BuyUcoin Scratch Card.
Factom price prediction
The live Factom price today is ₹41.21 INR, and its 24-hour trading volume is not provided. With a live market cap of $431,187,815 INR, the current CoinMarketCap ranking is #929 overall. 10,462,235 FCT coins are now in circulation, and the maximum supply is not known.
Factom’s price for 2022 according to our analysis should range between $1.88 to $2.82 and the average price of FCT should be around $2.35.
Factom’s price for 2023 according to our analysis should range between $1.92 to $2.87 and the average price of FCT should be around $2.40.
Factom’s price for 2024 according to our analysis should range between $2.49 to $3.74 and the average price of FCT should be around $3.11.
Factom’s price for 2025 according to our analysis should range between $3.24 to $4.86 and the average price of FCT should be around $4.05.
Factom’s price for 2026 according to our analysis should range between $4.21 to $6.32 and the average price of FCT should be around $5.26.
Is the Factom a good investment?
Since the start of 2022, Fantom’s native token has experienced some of the biggest gains of any new cryptocurrency. In contrast to other cryptocurrencies like Bitcoin, which has experienced a significant decrease in recent weeks, Fantom is now well maintained.
The Factom Protocol introduces “an open source, decentralised data integrity protocol that extends the security of blockchain to any data type,” according to its own description. According to reports, the protocol is simple to connect with any system, making it an affordable source of unquestionable truth and verification for business and government.
According to the protocol’s fixed cost and dual token design, subscription models are made possible where users do not need to store tokens even though they are used automatically in the background. The group sees the Factom protocol as a universal resource for businesses to offer frictionless access to applications with no need for extra engagement with the underlying, integrated technology.
The Factom protocol, according to the researchers, would “enable a future where consumers are able to trust their papers, digital data, and all network-connected “things” while allowing developers to create new, game-changing apps.”
Is it worth to Invest?
The Factom data storage and auditing solution is intended to change the entire industry. A secure and immutable blockchain-based solution is clearly needed in light of the growing number of data security breaches, and Factom is working to deliver this solution.
It makes sense to remove data from the current centralised databases to increase the cost and efficiency of storage. A blockchain application allows businesses complete control and data protection. Yes, it is a cutting-edge method for archiving, gathering, and auditing data, and Factom intends to show businesses how significant it can be.
Factom has a solid track record and has advanced steadily, gaining new clients and collaborators. If the current trend continues, it might be one of the finest blockchain investments accessible for long periods of time.
Conclusion
According to the Fantom price predictions, by 2023, the price will reach up to $2.87 and up to $6.32 in the year 2026. If you arrange all of your investments carefully and strategically, FCT can prove to be a worthwhile and reliable source of revenue. For those who are interested in long-term earning potential, Factom may prove to be a wise investment choice. There is no tried-and-true method for becoming wealthy rapidly, but investing in Factom might be profitable.
