I'd like to know a bit more about the 32 federated servers. How is the required "user support" obtained which allows someone to run one of the federated servers? How often are the federated servers re-assigned?
Once the blockchain is live, are there any options for storing Factoids besides on an exchange or with the non-GUI wallet?
Can anyone help with this? Federated servers will be appointed by user's vote. You can find more info about that on our Consensus Mechanism Paper: https://github.com/FactomProject/FactomDocs/raw/master/FactomLedgerbyConsensus.pdf |
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I have 8k factoids I would be willing to sell. I would give you the whole koinify account. PM me if interested, we can use a escrow.
Be careful as you won't be able to change the passphrase either. So 2 people will always know it, and with that 2 people being able to access the account on Koinify. Beware. |
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Thank you very much for the support. On our blog and Koinify's blog you will find all the info you need available to read. You should investigate a little more before posting nonsense in big, red letters, Sherlock.  Please provide an anchor reference link to the location of such information. That address is not our sale address not sure why is it even mentioned. |
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Hi everyone
It's less than hour to end sale and I need to know what will happen after the sale ended?
There was a blog posts released by us and one by Koinify, soon after the sale end. See 1 post above for details. Is there a roadmap ?
We have a roadmap based on our Milestones as per the Koinify project page, more details will follow. How do we know there isn't corruption in this crowdfunding? Did the factom team/insiders invest BTC only to take back their BTC along with the bought factom tokens? ?Please provide full transparency of funds otherwise I will report you to the Police, FBI, IRS and the state Senator. We have set milestones to complete before any of the raised funds are released to us. All details about hedging the BTC contributed to the sale are in Koinify's blog and Factom's blog. We suggest to have a read through before coming to conclusions. Thank you very much for the support. On our blog and Koinify's blog you will find all the info you need available to read. You should investigate a little more before posting nonsense in big, red letters, Sherlock. |
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We completed our software sale this morning with over 4.3 million Factoids sold.Paul Snow CEO of the Factom Foundation said this morning: “It has been incredibly humbling to receive such an enthusiastic welcome from the bitcoin community.
The Factom Foundation wants to thank each of you for helping to secure the future of the Factom Project
and allow us to bring our dream of more honest systems to fruition. Over the next few months we will continue
to improve the Factom API and educate developers on how to incorporate Factom into their software”.For details on what's next please read our BlogAnd the Koinify Blog
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We completed our software sale this morning with over 4.3 million Factoids sold.Paul Snow CEO of the Factom Foundation said this morning: “It has been incredibly humbling to receive such an enthusiastic welcome from the bitcoin community.
The Factom Foundation wants to thank each of you for helping to secure the future of the Factom Project
and allow us to bring our dream of more honest systems to fruition. Over the next few months we will continue
to improve the Factom API and educate developers on how to incorporate Factom into their software”.For details on what's next please read our BlogAnd the Koinify Blog
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Thanks for sharing this. Factomize sounds really good! |
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I'd like to see it added to Bittrex & Poloniex. Any idea how long after the end of the sale could we see it on an exchange?
We don't have a timeframe, as mentioned above we are partners with ShapeShift so it should be the first one to have us. |
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Polo and ShapeShift are the last two centralized exchanges I trust... all else is horrible (not including coinbase in this statement).
Looks like Polo and ShapeShift are getting traction  |
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Would love to see it on bittrex.
Thank you for the reply. |
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Which exchanges will host Factoids?
We have a collaboration with ShapeShift, it should be one of the first, we also received interest from a number of them. Ideally, we'd like to make access to Factoids and our software easy and practical, if anyone is interested get in touch. We will announce any new supported platforms as they become available. Would be good to know which are people's favourite platforms. Feel free to make your suggestions below. this is big news! Are there plans to add Factoids to any day trading exchanges? As stated previously, would be good to know which are people's favourite platforms. Feel free to make your suggestions below. Of course we are open to anyone who wants to support Factoids. |
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Which exchanges will host Factoids?
We have a collaboration with ShapeShift, it should be one of the first, we also received interest from a number of them. Ideally, we'd like to make access to Factoids and our software easy and practical, if anyone is interested get in touch. We will announce any new supported platforms as they become available. Would be good to know which are people's favourite platforms. Feel free to make your suggestions below. |
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I like this project and I bought some Factoids. I'd like to buy more but I'm concerned that the Factoid price will tank as soon as they hit the market in May. Most (all?) other crowdsale coins have followed a similar pattern. Any thoughts on this?
Also, will Factoids be stored on the BTC blockchain like XCP? Will a wallet be released for them by the time they are issued?
4,000,000 Factoids have been sold so far, you need to also consider how many there will be in circulation and how many converted to Entry Credits thus used. Factoids use is to be converted to entry credits to allow access to Factom, that is their main value, people may trade, if it goes up or down is out of our control. As per the wallet, work is in progress to implement Factom's own solution, we'll release news and updates as we go along. We have had interest in supporting Factoids from exchanges and are open to allow as many options as possible, make it easy to use them. Thanks for the questions. |
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However many tokens you manage to sell, you double at the end for early investors and contributors right?
Good question
Yes let's say 5 million in Factoids are sold a total of 10 million will be in the Factom genesis block. Below is a screenshot of the info on the Koinify page for the sale:  |
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Doesn't this belong in the scamcoin altcoin section?
That is a nice question did you come up with it all by yourself? And why would you even say that? If you don't mind digressing we'd like to understand your point of view if you have one, that is. |
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Hello, what will the total coin/fuel amount be in the end? Without knowing this, there is just no point in investing any money at this stage.
I need an idea of how much will be raised and what the total fuel cap will be (and inflation rate/distribution rate for the release of the subsequent fuel/coin). I've read a bunch of responses here and don't see this answered - a little worried about how difficult it seems to be to get this info.
The Software sale doesn't have a cap. So until it's over we won't know how many Factoids have been sold. Also once the network goes live there will be a percentage of Factoids each year to be distributed as rewards to Factom Servers and nodes who help sustain the network with resources. After May 15th (sale end) we should know the total amount of Factoids sold. |
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FACTOM, you are doing it right! Good job and good luck ! We appreciate the support, thank you! |
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Thanks for sharing great article. |
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