Factom is undervalued

in factom •  9 years ago 

So #Factom in Series A Round has just raised so far 5,163,309$ for 17% of its equity and there are still 26 days remaining to the end of the fund rising so the final amount can be much higher.
https://bnktothefuture.com/pitches/factom-series-a
But even with this number it gives it's current valuation at 30,372,405$ but at the same time market capitalization of factoids is 13,983,530$. This IMHO in longterm should equalize which gives significant potential to rise of FCT? What do you think about it?

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I also wrote a post about it, a little bit longer: https://steemit.com/factom/@ph03n1xii/why-factom-is-a-buy

I've always liked the idea of it. However a bit thing that's kept me from owning any of it is that there's no apparently easy way to get a wallet.

Yes right now I also store factoids on the exchanges hoping that nothing will happen to them.

Man, so many people on Reddit have told me never to store digital currency on exchanges. I didn't listen to them and had thousands of dollars locked up in Gatecoin while ETH rallied earlier this year when Gatecoin got hacked. I don't wish that on anyone.

dat wallet tho

I had no idea this was going on. What is the Series A round? What's its purpose.

You can find pretty good explanation here:
https://en.wikipedia.org/wiki/Series_A_round