**UPDATE - FOAM raised 16.5M USD in Main Sale. No announcements on token release or listing info yet** Open Protocol for Proof of Location on Ethereum
Mining Reserve 35%
Founders and Developers - 15%
Foundation Reserve 10%
Employees, Advisors, Partners 10%
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.