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Fractal #FCL
Fractal (symbol: FCL) is a utility token that powers the Fractal Protocol, an open-source, margin-free protocol that aims to replace advertising cookies and give users complete control over their own data. The protocol also allows users to collect, verify, and privately exchange data in a fair and transparent manner. The protocol also ensures rewards for the publishers and advertisers who participate in the data sharing process.
Status: Fractal FCL was launched on February 26, 2021, with a total supply of 1 billion tokens. The token was initially sold at a fixed price of $0.01 per token on Uniswap, where it received over $2.5 million in liquidity within 24 hours. The token price reached its all-time high of $0.36 on February 28, 2021, with a market cap of over $36 million. However, since then, the token price has dropped by more than 90%, trading at around $0.02 on August 7, 2023.
Fractal ID (FCL): Your Ultimate Guide to Identity Verification
Some of the benefits of Fractal FCL are:
It provides a decentralized identity system that respects users’ privacy and data sovereignty.
It provides users with an incentive mechanism to share their data with verifiers and advertisers who can benefit from high-quality traffic.
It creates a fair and open market for data exchange, reducing ad tech costs and web traffic from bots.
It supports interoperability with other protocols such as Sovrin, XAIN and KILT.
Behind it is a strong team with experience in blockchain, software development and entrepreneurship.
Some of the disadvantages of Fractal FCL are:
It competes with other decentralized identity solutions such as Civic, uPort and SelfKey.
To reach its full potential, it relies on the adoption and growth of the Fractal Protocol ecosystem.
Regulatory challenges or legal issues regarding data protection and compliance may arise.
Technical problems or security breaches may occur that could affect the functionality or reputation of the company.
Fractal FCL has shown some signs of recovery in recent months after reaching its all-time high. The token price has increased by more than 50% since May 2021, indicating positive sentiment among investors. The token also received some media coverage and social media attention from various sources. However, due to its early status and market conditions, the token still faces significant volatility and uncertainty. Therefore, investors should exercise caution and conduct their own research before investing in Fractal FCL.
Fractal ID (FCL): Your Ultimate Guide to Identity Verification
For more information, please visit the website: https://web.fractal.id/
The contract address can be found at: https://coinmarketcap.com/currencies/fractal/
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