FOAM price is $0.04384577
As of now, the price of FOAM is $ 0.04384577. Over the past 24 hours, the price has decreased by -0.32%.
FOAM is an innovative protocol created with the aim of providing proof of location on the Ethereum blockchain. Its mission is to create a consensus-driven map of the world that aids the growth of a fully decentralized web3 economy with verifiable location data. FOAM works by incentivizing the infrastructure needed for secure and private location verification. Starting from static proof of location, its community of cartographers curates geographic Points of Interest on the FOAM map. FOAM's dynamic proof of location protocol will, over time, enable a permissionless and privacy-preserving network of radio beacons. This network's logical independence from centralized resources aids in offering secure location verification services.
FOAM functions by enabling cartographers to add and curate geographical points of interest using the FOAM Spatial Index Visualizer. Users can add points to the map, validate new candidates, and verify the map by visiting real-world locations. The FOAM Token Curated Registry enables secure and permissionless mapping, allowing locations to be ranked and maintained by token balances. Users can deposit FOAM Tokens into these Points of Interest on the map, enhancing the attention they might receive.
FOAM also has a feature called "Signaling." This mechanism allows cartographers to stake their tokens towards particular areas, incentivizing the expansion and geographical coverage of the FOAM network. These staked tokens act as indicators of demand and are proportionate to the length of time staking and the number of tokens staked.
The FOAM protocol lets users provide work and secure location services and earn rewards for their efforts in the form of FOAM Tokens. This structure enables devices and real-world contracts to designate attestations and track interactions and transactions on the map. With the addition of necessary radio hardware by individual users and the expansion of the FOAM network, it might be feasible for location proofing to take place differently. For instance, through the time synchronization protocol, distributed clocks can maintain their continuity, whereby specialized hardware synchronizes nodes' clocks over radio to provide location services in a specified area.
At present, FOAM ranks #1397 in terms of market cap with a total market cap of $ 15.6M. Its circulating supply is 355.4M out of a total supply of 1000.0M.
FOAM tokens can be purchased or sold on the following cryptocurrency exchanges: Poloniex, Radar Relay, DeversiFi, IDEX. Please ensure to carry out transactions only on the listed and trusted platforms for your safety and security.
Ethereum
Santiment Network Token
Sienna
Global Coin Research
HAPI
Pibble
Earthcoin
DEEPSPACE
Phoenix Global
NEM
Olympus
Cardano
Bitcoin Cash
Crypto.com Coin
USD Coin
Ethereum Name Service
Internet Computer
Omni Network
Parcl
Pepy coin
ZionWallet
degwefhat
Tombili the Fat Cat
ATC Launchpad
Crypto Valleys YIELD Token
Live Prices, Widgets, Alerts, Portfolio, Apple Watch app
