Find out the outlook for the Pirma Chain coin market
Most platform blockchain, including Ethereum, which existed before, could store data, but required computer computing power to maintain the blockchain. This required astronomical amounts of money to be used to store data. But many users don't have to save files permanently, so there's no reason to pay too much to just save them. The Data Compensation Coin is a native token used in the decentralized data store of the Ferma chain and is used as a means of payment and compensation. The data store user pays the miner a data reward coin as a fee to store the file, and the miner receives a price from the user for successfully storing the file. These data compensation coins can be exchanged at any time for Fermachine tokens, making a profit, or as a means of using various dApps on the FCT platform. Firma Chain operates a blockchain electronic contract solution platform called 'DONUE'. In addition, we are continuously trying to expand our own ecosystem through mainnet development and updates. Recently, we launched the 'Firma Station' mobile app. As a result, the space-constrained usage environment has improved, making it easy for the general public to participate, and various functions have been strengthened. In the future, we are expected to work with high-potential business partners to expand our practical uses.
PirmaChain's market price
PirmaChain was listed at 72.7 won in 2020 based on Upbit, hitting a high of 354 won during the winning period, and is currently trading at around 66 won. It is a stock worth 30 billion won, far less than 100 billion won in market capitalization, and it is a coin with more unlisted exchanges than listed exchanges. Trading volume is also mostly upbeat, so it looks like a typical kimchi coin that's a bit risky to invest in the long run. Recently, it seems to have been quite defended despite the huge drop in Bitcoin and Ethereum due to individual favorable factors, but it would be better to look more at macros and charts and watch the movements of the forces.