Factom is undervalued
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?
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