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.

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.

Team:

• Ryan John King: Co-founder, CEO. 
• Kristoffer Josefsson: Co-founder, CTO. 
• Katya Zavyalova: Co-founder, CCO. 
• Martin Allen: Senior Blockchain Engineer.

Foam ICO began on July 31, 2018. The ICO token supply represents 30% of the total token supply, so there is a total of 300,000,000 FOAM tokens available, for 0.08 USD each. The ICO funding cap is 24,000,000 USD and it has ended on August 10, 2018.

Token Reserve Split (70%):

• 35% Mining Reserve ;
• 15% Founders and Developers;
• 10% Foundation Reserve;
• 10% Employees, Advisors, Partners