More than a month left and already over 1,967,554 sold
How will we make any money if everyone buys the IPO but doesnt buy after the ipo ends?
If more people buy the ipo will our Factoid be worth more or will it be worth less? Please tell me
Also i have another question
I have 7000 factoid. Can you tell me how much they will be worth after 1 year of holding?
Will they be worth 70 btc? .01 btc per factoid? or ill they be worth $70,000? $10 per factoid?
also what will the use for factoid be? people use them as a currency or do they use them as a currency in addition to something else?
also will it be like bitshares and nxt and nem? or will it be like madesafecoin and storjcoinx
i think if you combine all the features of all of those coins in addition to the features of factiod/factom, into factiod
then i could be a rich man.
thanks
Thanks for the questions.
First, the demand for the Factoids / Entry credits will be driven by demand in the market based on those seeking to use the capabilities of the platform.
Second, the Factom team can't make an predictions or set any expectations about the future price of Factoids as this is entirely determined by the open market.
Third, its worth reading the whitepaper on
http://factom.org/ to understand the how Factoids function.
Here is a useful video on the topic:
https://youtu.be/MlzyI1bfyD4In short the primary function of a Factoid is to convert into entry credits which are used in the Factom system to make entries into the blockchain secured Factom ledger. Basically publishing the hash of a larger data file in a way that is immutable, time stamped and decentralized. This is helpful for auditing and other business processes. I recommend checking out the Use Case videos on the Factom website.