FOAM
Open Protocol for Proof of Location on Ethereum. FOAM is an open protocol for proof of location on Ethereum. Our 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, FOAM’s 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.
I've invested at FOAM and feel scam here now

If you suspect fraud, it is better to bring it to the attention of the law enforcement authorities. With ICO frauds, every day counts because fraudsters can sweep up the evidence.

Feel free to contact us:
We will help you to find the data about fraud (rate $ 30 per hour). In the future, you can submit this report and the case to any competent lawyer. An example of a research report is available here.

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We also collect facts about the withdrawal of crypto active assets from the project. If you have any information available about a cryptocurrency, please, send it to us for analysis.

ICO
Project symbol
FOAM
Link to website
ICO token price
0.080000 USD
Hard cap
24 000 000 USD
Category
Smart Contract
Cryptocurrency
Electronics
Real estate
Infrastructure
Platform
Accepting
ETH
SCROLL
THE STRIP

FOAM incentivizes a distributed network of beacons with radio transceivers, called Zone Anchors, to be deployed. The first step in joining the network is sending signals to connect with and discover nearby Zone Anchors. Proof of Location depends on accurate and synchronized clocks. Zone Anchors send messages until a consensus can be formed on the precise time. The timed difference of messages sent and received allow for location to be calculated and the geometry of the network to be determined. We rely on a Byzantine Fault tolerant clock synchronization protocol. Once synchronized, groups of Zone Anchors can establish a Zone and pledge to offer location services that are enforced by smart contract safety deposits, which provide accountability to faulty behavior. A Zone maintains a quorum on Time and Space. Zones can include time stamped messages from customers in a competitive market for a transaction fee. This is done while Zones are resynchronizing clocks and publishing their time logs to a data store. Validators provide fraud proofs and calculate Triangulations for precise location data to verify final Presence Claims.

TEAM
Alyssa Wright
Matt Liston
Martin Allen
Senior Blockchain Engineer
Ilya Ostrovskiy
Protocol Engineer
Irakli Safareli
Front-End Engineer
Jens Krause
Senior Software Developer
ADVISORS
Anna Kopp
Full Stack Engineer
Ben Weitzman
Full Stack Developer
Sam Hart
Sciencist
Enrico Zago
3D Artist
I've invested at FOAM and feel scam here now

If you suspect fraud, it is better to bring it to the attention of the law enforcement authorities. With ICO frauds, every day counts because fraudsters can sweep up the evidence.

Feel free to contact us:
We will help you to find the data about fraud (rate $ 30 per hour). In the future, you can submit this report and the case to any competent lawyer. An example of a research report is available here.

Consult us free of charge about collecting debts from an ICO project bubnov@forensictokenlab.com or via telegram @ICO_Forensic_NOW
We also collect facts about the withdrawal of crypto active assets from the project. If you have any information available about a cryptocurrency, please, send it to us for analysis.