Topic: [ANN] FACTOM - Introducing Honesty to Record-Keeping - page 288. (Read 2115900 times)

Exactly it's (if I'm correct):

€4,493,170 - 17%

€26,430,411 - 100%

Wow, just see that it's in Euro. Didn't recognize. So you are nearly right.

In Dollar it would be $ 29.169.923 - if I didn't make a mistake.
https://bnktothefuture.com/pitches/factom-series-a


I can only guess/speculate how it's evaluated. Maybe they sit together with Bank of the Future and analyze all what's there and how much it could be worth. I doubt that it's possible to do it totally objective. I mean, how to evaluate the code for the system...

But maybe bigger VC-Investors get deeper informations about how it was evaluated and they can decide if they agree or not - if not, they don't invest. It's also possible that they already got offers to sell the whole company and maybe there were offers in that range. I don't believe it because most likely there are not many who would be able to overtake Factom, but it's possible because it's not that rare that a team or sometimes just one person builds a start-up and sells it in the early days.

But, please no misconceptions: I'm speaking about evaluations not that they really would sell the company. Hope they will never do that.

Some months ago it was this:

Blockchain Project Factom Raises $400k at $11 Million Valuation
http://www.coindesk.com/blockchain-factom-400-funding-11-million-valuatoin/

And I believe it's a very positive sign that it's value has nearly tripled since that. Even more if they give deeper infos to potential VC-Investors. The fact that the $4.5 Mio is nearly filled long before the deadline, could be seen as a sign that Investors agree that Factom is worth the $29 Mio and they see potential for more. They wouldn't buy if they wouldn't believe in it. In best case VC-Investors have some facts we don't know about yet. It's highly speculative, but if that should be the case it's about good news yet to come.

If I'm wrong it's at least obvious that there are VC-Investors who believe in Factoms future. And why not. It may be a risk, but it could be great "bet". If I would be rich I also would try to get shares, not "just" Factoids - even if I think that Factoids are also a great Investment maybe even better.

And what's also interesting: The value of Factom as company and the value of Factoids will be connected in future. Most likely never totally, but Factom's value (as a company) also will depend on how much the system will be used. Maybe they also sell applications they develop for companies but it would be basically the same. It would be (maybe already 'is') about customized applications for customers to use the system as effective as possible - for a specific use case.

All together: A lot of good signs lately. Nothing that's totally safe yet, but I can't think of realistic bad scenarios while they are obviously wanted regarding VC-money, are awarded from DHS, etc. And I really like it to see that Peter Kirby speaks about land-title-registry in that way.

They probably noticed that we won't be getting M2 today or until at least Monday. 

You can't import fractions but you can transact whatever amount you wish.

1. Import your Factoids with your passphrase into the wallet (GUI)
2. Transaction of whatever amount you wish


Possible step 3: If you want to hold some Factoids for longterm, I would recommend not to store them in the wallet but to use Factoid-papermill (paper-wallet-address-generator).

It's all here:
https://www.factom.com/howto/

They probably noticed that we won't be getting M2 today or until at least Monday. 

They probably noticed that we won't be getting M2 today or until at least Monday. 

Over 50k FACTOM SHORTS have been opened by whales...
Price will dump hard soon

Get ready 

hi
l m with Factom from ICO and now decided to move some of my Factoids by using 12 words before initiating this transaction l have a question if anyone can assist me with,is there an option that l can move just fraction of my Factoids using 12 words on GUI wallet?
l have installed all necessary apps.

Regards

This looks promising! Making more inroads into China! Excellent!!!

Financial Network: the world's leading companies Factom block chain's CTO went on shore visits Kai exchange

http://industry.caijing.com.cn/20160725/4153114.shtml
http://www.madailicai.com/static/info/news/201607251041.html

July 21, Mr. Block world-renowned chain company Factom CTO Lvxu Jun (Jack Lu) came on shore Kai Information Technology Co., Ltd. (an Internet banking platform's sack Money) exchange visits. General manager Huang Haimin, block chain technology team introduced to Mr. Lvxu Jun Kai shore currently in the field of exploration of the block chain, the two sides on the block chain technology development and applications in the field of Internet banking conducted in-depth technical exchanges.



Factom CTO Lvxu Jun (second from right) and CEO Kai shore Huanghai Min (second from left) and other staff photo

Factom is a global leader in the tile-based chain technology for recording, verification, audit infrastructure services provider, the company is headquartered in Texas. Block chain has been at the forefront of technological innovation, and continue to shape the future of the block chain technology. Factom products to help businesses and government agencies to obtain data security in the use of the block chain technology, is not bound by the block chain technology inherent scalability limitations. Currently Factom companies are using this technology to help government departments and financial institutions to establish a variety of system interfaces, to achieve data security and records management. In June this year, Factom by the US Department of Homeland Security project allocations, the use of the block chain to improve networking security.

Block Chain (BlockChain) is the underlying technology with the birth of Bitcoin generated, also belong to one of an underlying Internet Protocol. With respect to Bitcoin in countries around the world suffer different treatment, the block chain as the underlying Internet technology and protocols, but are highly concerned about the financial world, the World Economic Forum, is a bold prediction, to 10% of world GDP in 2027 will be stored in chain network on the block. Internet financial sector, "block chain" Perhaps promising technology, and cost less than the traditional model. Some US and European financial institutions have pioneered the use of "block chain" technology, such as the US Nasdaq market private equity transactions Linq.

Haikai on Information Technology Co., Ltd. as a bank with strong technical strength of technology finance company, is the application level active exploration block chain technology. The technology exchange, Mr. Kay Lvxu Jun shore block chain team of technology and actively explore acknowledge and encourage.

Both sides said the chain block the underlying technical and application-level exchange of technology companies is only the beginning, the follow-up will continue to conduct in-depth exchanges and cooperation. We believe full play to each other's strengths, able to both bring more development opportunities, work together to promote the block chain technology in the financial sector of the Internet.

nice updates, so is there a wallet available yet I can use? 

Think bigger TBH, the FCT coin supply is so low it's prone to violent market movements in the future. Crypto still has a small amount of liquidity floating around between the various coin markets. Any time aprx 2 billion comes in the market like this past spring, most top 20 coins exp'd a parabolic interest. Pair that with FCT's consistent addition of institutional clients and it's a ticking time bomb.