FarmaTrust price is $0.01939490
As of the most recent update, the price of FarmaTrust (FTT) stands at $ 0.01939490. It should be noted that cryptocurrency prices are highly volatile, and changes can occur rapidly. The 24-hour change for FTT is +4.29%, which can be interpreted as the token has increased.
FarmaTrust (FTT) is a blockchain-based global tracking system designed with the aim of putting an end to the counterfeit pharmaceutical industry. With its cutting-edge technology, FarmaTrust provides secure, efficient, and transparent supply chains for the pharmaceutical distribution process to ensure the authenticity of medications.
The exact team behind FarmaTrust has not been publicly disclosed; however, the project was spearheaded by business and tech professionals with significant experience in blockchain technology and the pharmaceutical industry. Further information can usually be found on the official FarmaTrust website.
FarmaTrust operates on the Ethereum blockchain, leveraging the power of smart contracts. Each individual package, batch or shipment of a medication is assigned a unique cryptographic identifier. This identifier is then used to record and track all the steps in the supply chain journey of the medication, from the manufacturer to the consumer. In essence, FarmaTrust works by enabling transparency and verification in pharmaceutical supply chains, thereby preventing the infiltration of counterfeit drugs.
The unique value proposition of FarmaTrust lies in its targeted efforts to combat the global problem of counterfeit medication. It leverages blockchain technology to create secure and efficient pharmaceutical supply chains which can help save lives.
FarmaTrust's market capitalisation rank is #1. This ranking is based on the total market capitalization of FarmaTrust (FTT), which currently stands at approximately $ 11.6M.
The total supply of FTT tokens is 1000.0M and the circulating supply is 600.0M.
FarmaTrust (FTT) can be obtained from various cryptocurrency exchanges. As of now, Liquid, IDEX, Bitforex are exchanges where you may be able to find FarmaTrust (FTT). Before transactions, it's always advisable to do your own research and consider the features of different exchanges.
As with any other digital asset, transacting with FarmaTrust does carry some risks such as loss of tokens due to hacking, technical problems, or human errors. Therefore, it is advised to have robust security measures in place, such as using hardware wallets for storing tokens, enabling 2FA for your accounts, and being cautious of phishing scams.
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