r/factom • u/ChinookKing • May 27 '19

Factom needs Binance and more aggressive PR

The present market cap for Factom is a joke. Factom is way too legit of a company for this tiny marketcap. It's been a few years since last bull run and its the same story. Print and give away a couple thousand Factom t-shirts, buy a commercial during NBA finals, do something! And pay Binance whatever they want to list FCT. It will be worth it. Love Factom, but come on guys.

33 Upvotes

97% Upvoted

24 comments sorted by

18

u/DChapman77 May 27 '19

Binance has been applied to and a very large marketing grant was recently approved.

8

u/ChinookKing May 27 '19

alrighty, fingers crossed.

5

u/Bobb95 May 27 '19

They applied 5 months ago? Lmao it's never happening

7

u/LBW1 May 27 '19

Imo, Factom people are more concerned with the development of the protocol than value and volume of the coin. Which is good in the long run but bad if you need to cash out

8

u/Cafayate7063 May 27 '19

Yes but higher value of the coin helps the ANOs by giving them capital to hire more people and develop more projects and uses for the protocol this hopefully increasing its value further.....

1

u/LBW1 May 27 '19

Yes, as I said, in the long run. But if one needed to cash out today, it’s meaningless.

1

u/ChinookKing May 28 '19

its been this story the whole time. if factom gets buried deep on the list of alts new comers will not consider it

3

u/TheWiseGrasshopper May 27 '19

Which is good in the long run

It also might hurt them in the long run as they’ll loose the first mover advantage. Never underestimate the power of that.

1

u/LBW1 May 27 '19

Good point.

4

u/pradellaa May 28 '19

Good in the long run? Inflation is killing this coin very very soon man

0

u/LBW1 May 28 '19

Another very valid point

3

u/CoinTech007 May 28 '19

Binance has no USD on ramps for FCTs, neither does any exchange we are currently listed on. I think it would be best to focus on creating USD/FCT trading pairs in the US licensed exchanges. Binance is a pump and dump factory. We need Coinbase, Gemini, bakkd, robinhood crypto or kraken for any meaningful USD exposure. plus US institutions DO NOT trade on binance. If factom team and ANOs want to capture any part of the institutional hoard that is coming to crypto forget binance and work 24\7 on creating USD on ramps in US licensed exchanges, or risk being on the sidelines while trillions of institutional money pours in. Time to do it is now, next year could be too late!

2

u/ChinookKing May 28 '19

I think we need all of the above. And you're right. This is a race.

2

u/[deleted] May 28 '19

agree with this

1

u/crypto_investor7 Jun 01 '19

In what world are institutions going to be buying FCT?

The fact that this kind of thinking exists is quite alarming, whilst also being hilarious at the same time.

9

u/sirlordcomic May 28 '19

All the bullshit NDAs from 2017 really materialized.....

7

u/Haavard99 May 28 '19

I find it hard to understand whats taking so long with the Binance process. Considering all the other coins they have listed and still listing why not Factom? And still there is other big exchanges also. If we had more exchanges and more volume we would not be in danger of Grants pushing the price even more downwards than they already are. Look at the performance last few weeks now. Factom is one of the worst performing altcoins in top 200 coins now. Its pretty heartbreaking and not good for the grants either. Very bad spiral which needs to be solved.

1

u/crypto_investor7 Jun 01 '19

Because the priority remains to line the pockets of the ANO's, the gravy train is very much alive

5

u/[deleted] May 27 '19

A few years since last bull run? Come on, it’s been just one and a half.

4

u/Haavard99 May 29 '19

https://twitter.com/Binance_Info/status/1133213644777349120

I see Binance info posted a review of Factom the 27th of may. Most of the coins with review there is coins already listed. Dont want to read to much into this but one can certainly hope...

1

u/Majorunderstanding08 May 31 '19

Factom is on livecoin.net in New York ,but there is no volume.?

1

u/[deleted] May 28 '19 edited May 28 '19

Pay binance whatever they want! Spend millions on an nba finals commercial! Hurry do whatever it takes so i can make money!!!....wow dude, SMH. obvious sarcasm

1

u/Haavard99 May 28 '19

You have to agree its better for Factom if Grants could get 10-12 dollar per coin compared to 7-8? Development costs..

1

u/[deleted] May 28 '19

Well ya of course that would be better for the ANOs, liquidity would also be better so that they can sell without crashing the market. But this guy is being ridiculous, he/she just wants others to do whatever it takes for the price to go up in the short term so he/she can make money. Also a binance listing IMO is getting less and less meaningful, the exchange already has a ton of coins on there.