SEVERAL REASONS FOR FACTOMS RISE

in factom •  3 years ago 

 SEVERAL REASONS FOR FACTOMS RISE

  1. Bank to the future had been over subscribed https://bnktothefuture.com/pitches/factom-series-a
  2. The China effect https://twitter.com/factom/status/763388834096812033
  3. Valuation 17% of the company is being sold for $5,000,000, so that's a 30 million dollar company valuation. It's over subscribed and still has three days to go, so it's valuation is higher than 30 million as of right now. There are currently 8,753,219 factoids in existence. They are currently worth $2.45 each (up from $1.50 a few days ago). That put the value at 21 Million. So on this basis, it's still undervalued. You need factoids to buy factoid entry credits which are required to put immutable hash entries into the blockchain. So, without even paying a premium for this company each factoid is worth $3.42 (30 mil devided by 8,753,219 factoids). Once the revenue streams start flowing in from the continuous sale of credits, the value of this company will rise significantly. In 12 months we'll look back at this price and wish we bought more when they were under $5 a factoid. Yes, I'm an investor, and I'll keep buying as much as I can every pay day until it hits at least $3.42 per factoid.
  4. Business Model There is just no doubt that factom is carving out a serious business for itself with this immutable record keeping. The overlooked gem to this project is the 'revenue stream' being created. Millions and millions of records will be written to the block chain by every major company in the world that wants to prove that it is 100% honest with it's record keeping. This will include all governments. At one tenth of one cent per record entry this makes makes it super cheap for any business to participate using factom. In addition, at this price it will make it near impossible for a competitor to come along and undercut them and then try to make money. This is a very smart move on factoms part. They are clearly way out in front with this technology. By the time another competitor starts up, this company will have already (provably) recorded multi millions of transactions to the blockchain. This technology is here to stay and is going to literally clean up the crooks who currently fiddle with internal company/government records. Well done factom, I'm most certainly one of the biggest cheerleaders for this type of technology finally hitting the planet.
Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Nice, but a word of caution: Factom the company is separate from Factom the cryptocurrency (Factoids.) There certainly is a relationship between the growth of Factom the company and the value of Factoids, but it's indirect: Factom's success will lead to more Entry Credits purchased & used which in turn will lead to more Factoms burned and the supply lessened. This indirectness means it's not wise to directly compare the implied value of Factoid-the-company and the market cap of Factoids.

But #2 and #4 - especially #4! - hit the nail right on the head! Thanks for the article.