Coin NameFactom
Coin CodeFCT
Summery Description

The company behind this coin appeared in 2014 and raised $140,000 through the sale of its Factoid tokens in 2015. Since its founding, Factom has collected approximately $16 million in funding.
On 2 April 2020, the firm’s biggest investor, FastForward, disclosed that Factom is now facing liquidation after unsuccessful attempts to secure additional funding.


Is Factom a Scam?

Disclaimer: Factom Cryptocurrency | Factom ICO
Factom is a cryptocurrency project that issued Factom tokens to its community. Scams in the cryptocurrency space take form in many ways, including exit scams or undedicated project developments.

Is Factom a Scam ICO?

Data on whether Factom conducted a scam ICO, a scam mining operation, or a scam masternode project is cited above from external sources and CoinCurb does not take responsibility for claims against Factom or in support of Factom. The data is only an aggregation of claims cited against Factom.
The above claims about Factom (ICO), Factom’s token, or Factom’s team are externally sourced. They may claim that:
– Factom did an ICO and then exit scammed
– Factom has an undedicated project development after the Factom ICO
– Factom token got pumped and dumped by the Factom team
– Factom is a dead project with a worthless Factom token

However, external claims about Factom project, Factom token, Factom team, or even Factom advisors may not be supported by accusers of Factom ecosystem and thus individuals seeking to learn more Factom team or about the Factom cryptocurrency are recommended to directly contact Factom team members or Factom token investors.
CoinCurb does not itself decide if a project is a scam and thus does not claim Factom is an exit scam or that Factom is any other type of scam, nor does CoinCurb insinuate that Factom (or Factom token) team are scammers or that Factom (or Factom token) advisors are scammers. CoinCurb allows viewers to reference sources related to Factom development, Factom token trading, and/or Factom team as an uncertain reference when deciding if Factom is a scam or Factom is not a scam.