The FOAM Proof of Location protocol empowers a network of radio beacons that can offer secure location services independent of external centralized sources such as GPS through time synchronization.
IMPORTANT: By investing in this business you agree to our Disclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice.
Click here to try again
What is FOAM
FOAM is an open protocol for proof of location on Ethereum. FOAM's mission is to build a consensus driven map of the world, empowering a fully decentralized web3 economy with verifiable location data. FOAM incentivizes the infrastructure needed for privacy-preserving and fraud-proof location verification. The starting point for FOAM is static proof of location, where a community of Cartographers curate geographic Points of Interest on the FOAM map. Through global community-driven efforts, FOAMs dynamic proof of location protocol will enable a permissionless and privacy-preserving network of radio beacons that is independent from external centralized sources and capable of providing secure location verification services.
DetailsPublic sales: Jul 31, 2018 - Aug 10, 2018
Token supply: 300,000,000
Hard cap: 24,000,000 USD(fiat)
Raised: 15,161,254 USD
LegalRegistration country: United States
Token infoTicker: FOAM
Token standard: No
Token price in USD: 1 FOAM = 0.08 USD
Accepted currencies: ETH
30% - Sale
35% - Mining Reserve
15% - Founders and Developers
10% - Foundation Reserve
10% - Employees, Advisors, Partners