Going down to one server and efficiency adjustment

Previous Updates

--Integrate Factom into existing software
------Factomize data from partner’s ”Day-to-day life and life after death” platform

--Develop and operate a publicly available cloud service, callable using developer-friendly API

--Target existing clients and contacts to quickly start projects using Factom protocol


Initially, we will use our existing channels to promote the integration of Factom where it could be needed.

--Promote the integration of Factom through institutional clients
----Smart Cities
----Defense and security

As our commercial revenues are increasing, we plan to contribute to the marketing of Factom on a larger scale by

--Contribute to the marketing of Factom by organizing hackathons
--Contribute to a blog and participate in commercial shows
----Blockchain Summit


--Two Testnet nodes


-- Upon the creation of our corporate entity, 50 000$ will be invested to maintain the Authority servers, bootstrap the development and avoid liquidating the Factoids at the start.
-- We will hire developers as soon as possible, when it is sustainable to do so.


2 nodes: 50%
1 node: 50%
Here is the roundup of our original pledges.


We approached one potential partner which showed great interest in adding factom support in its application. We are currently working on a formal agreement with him.


We plan to start integrating factom support in our partner platform as soon as a formal agreement is made. We are in the closing stage.


We have two testnet nodes running, one in the authority set and one follower for brainswaps and maintenance.


Part of our initial investment allowed us to buy hardware and pay for the operating fees up to now. We have not hired anyone beyond the 3 founders at this time because it would not be sustainable to do so. We haven't sold 1 Factoid yet (1 month worth)

Pledged efficiency:

We are running two nodes on the mainnet at 50% efficiency.

Feel free to ask any questions, we'll be glad to answer them as best we can.
Current Update: Going down to one server and efficiency adjustment
Considering the current value of FCT, Stamp-IT has retired one of its physical servers and one authority node in order to reduce costs. Accordingly, we will reduce our efficiency to 0% so that we continue to receive the same amount of FCT.

We continue to operate our physical infrastructure, with 16 cores in one datacenter. We currently host two instances of factomd running on the mainnet (one authority + one backup) and another one running on the testnet. We will add a second testnet node shortly to compensate for the recent retirement of a testnet node.