FOAM (FOAM)

What is FOAM?

FOAM is an open protocol for the decentralized, geospatial data marketplace. The protocol is designed to empower users to build a consensus-based world map. This protocol can guarantee reliability for any application. As technology evolves and changes, so does the map. FOAM secures the physical space on the blockchain. Also harness the power of Ethereum with cryptographic software utility tokens. The purpose is to provide computation and verification work for the network.

The starting point is FOAM Maps, where a community of Cartographers manage geographic Points of Interest on the map, through efforts towards the global community, FOAM's proof of location protocol aims to the purpose of enabling unauthorized radio signaling networks. At the same time protect privacy independent of external centralized sources. As well as being able to provide secure location verification services.

Highlights of FOAM

FOAM is achieving what some token issuers have. It is a consistently engaged community that actually uses its token beyond speculation. Following a $16.5 million token sale in 2018, the geolocation data startup launched a token registration (TCR) system with around 140 monthly participants in April. It was followed by a scavenger hunt that garnered 500 user contributions to its open source map.

FOAM is built on the Ethereum blockchain. This is a secure decentralized database without third parties or gatekeepers. FOAM invites individuals, businesses, and organizations to join together in a network of community-owned and operated venues.

FOAM maps provide more flexible alternatives to centralized maps. Also provides location services but without a single point of failure. By putting a verification layer at the core, others can build on FOAM data and know it can be trusted.

Exceptional Features

The FOAM token allows participants to control their location network. Also ask them to make decisions that affect its future.

-FOAM provides tools to enable crowd-sourced mapping and decentralized location services.
-FOAM solves the problem of location verification with an alternative system. It has fault tolerance provided through an open terrestrial radio network that anyone can operate.

The FOAM protocol components are designed to provide protocols. Meet the standards and applications of geospatial data to blockchains. Also empower consensus-based world map. The tokenization mechanism and cryptoeconomics reinforce the elements of FOAM. It also empowers users to be distributed in a coordinated manner. Helps to interact in a decentralized and permissionless way

Blockchains means transparent and censorship-resistant FOAM. It can also provide secure location data to other applications.

FOAM Token continues to provide the framework and impetus for Zone operators to set up dedicated hardware beacons to broadcast coverage, engage more deeply in the protocol, and develop a radio signaling network. Peer peers are called Zone Anchors.

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