Factom Profit Calculator or you can say Factom ROI Calculator is a simple tool to calculate how much profit you would have made if you had invested in Factom (FCT) in past. This helps you measure the return on investment (ROI) of Factom (FCT) .
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This Factom Profit Calculator uses a simple mathematical principal to calculate the ROI of Factom. It fetches the historical Factom price from the database and compares with current Factom Price and calculate the profit or loss made on it.
It does this simple calculation get the amount Factom you would have got by investing x$'s on that day ($x/price of Factom). Now it calculates the current price of that amount in USD (current Factom price * amount of Factom purchased in past). Now the return on investment (ROI) is calculated by dividing amount in USD today by amount invested and multiplying it by 100.
Mathmetical logic behind the same:
$invested_USD = USD invested in past date;
$historical_FCT_price = Price of FCT in past date;
$quantity_FCT = Quantity of FCT in past = $amount invested / $price_on_that_day;
$price_FCT = Current price of FCT;
$USD_today = ($price_FCT * $quantity_FCT) - $invested_USD;
$ROI = ($USD_today/$invested_USD)*100;
And if you want to check future price of Factom you can check it here: Factom Price Prediction. This predictions are based on various algorithms applied on the historical price of the Factom.
If you have any query regarding the above calculator you can comment it in comment box below.
