Factoids are used to compensate Federated Servers for their work, are they not? If so, they are MUCH more than portable software licenses to prevent spam.
The point is they fall short of being money, as being an alternative to bitcoin as a store of value.
The servers are rewarded with software licenses, which they can sell like any other software company sells licenses. The only difference is it is a collective system, which they are operating collaboratively, while also being competitive in the long term. They must convince the users they will do a good job in the future, and the best way is to do a good job in the present. Unlike Bitcoin, excess profits are not dissipated in heat, but will be dissipated in satisfying active users, by making the network more reliable/resilient/available/marketed/who knows. In the short term, it doesn't look like there will be excessive profits, where the marginal revenue is above the marginal cost, even after inflation starts.
I feel the following hasn't gotten enough exposure. It might help shed some light on the economic system.
https://www.reddit.com/r/factom/comments/47nyx0/thoughts_of_the_economic_model_of_factom_and/d0gqwdz
In China, until now FCT rate below $1. 
