FOAM

FOAM FOAM

$0.0276
Market Cap $ 8.302 MM (#484)
24h Volume $ 17.377 K
Chg. 24h: -7.91%
Show Quick Stats

FOAM project purpose and description

FOAM clarity of purpose

FOAM purpose and aspects

The FOAM Proof of Location protocol empowers a permissionless and autonomous network of radio beacons that can offer secure location services independent of external centralized sources such as GPS through time synchronization.

FOAM categories

PlatformTracking

Short description

The FOAM Proof of Location protocol empowers a permissionless and autonomous network of radio beacons that can offer secure location services independent of external centralized sources such as GPS through time synchronization.

Abstract

FOAM is an open protocol for decentralized, geospatial data markets. The protocol is designed to empower users to build a consensus-driven map of the world that can be trusted for every application. As technology evolves and changes, maps need to change too. FOAM secures physical space on the blockchain, harnessing the power of Ethereum with a cryptographic software utility token used to provide computational work and verification to the network. The component elements of the FOAM protocol are designed to provide spatial protocols, standards, and applications that bring geospatial data to blockchains and empower a consensus-driven map of the world. Token mechanisms and crypto economics underpin the elements of FOAM and empower the distributed users to coordinate and interact in a decentralized and permissionless fashion.

Link to Roadmap: https://map.foam.space/
Trading and investing in digital assets is highly speculative and comes with many risks. The analysis / stats on CoinCheckup.com are for informational purposes and should not be considered investment advice. Statements and financial information on CoinCheckup.com should not be construed as an endorsement or recommendation to buy, sell or hold. Please do your own research on all of your investments carefully. Scores are based on common sense Formulas that we personally use to analyse crypto coins & tokens. We'll open source these formulas soon. Past performance is not necessarily indicative of future results. Read the full disclaimer here.
Dark Theme   Light Theme