Cryptocurrency FOAM (FOAM)
The price for FOAM (FOAM) cryptocurrency is currently 0.017 $ (15 min delay),
daily range of currency change is 0.017 - 0.018 .
Last 24 hours news: trading volume - 2.02K $, price variance +2.6% .
The highest trading volume belongs to the pair 0X4946FCEA7C692606E8908002E55A582AF44AC121/0XC02AAA39B223FE8D0A0E5C4F27EAD9083C756CC2 at the Uniswap (v3) exchange
Project Website - https://www.foam.space/
Explorer of transactions - https://etherscan.io/token/0x4946fcea7c692606e8908002e55a582af44ac121
Twitter Account - https://twitter.com/foamspace
Chart FOAM (FOAM)
|Current price FOAM (foam)||0.017 $|
|Market Capitalization||5.67M $|
|Trading Volume last 24h||6.35K $|
|Minimum exchange rate (24h)||0.015 $|
|Maximum exchange rate (24h)||0.017 $|
|Market cap rank||№ 1182|
|Absolute maximum||0.15 $|
|Absolute minimum||0.0041 $|
|0.61%||4.81K $||2023-02-05 07:00:34|
|0.63%||1.14K $||2023-02-05 06:15:38|
|10.53%||206.01 $||2023-02-05 06:16:00|
|0.72%||196.54 $||2023-02-05 06:18:19|
What is FOAM (FOAM)
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, FOAMâs 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.
FOAM Token Functionality
1. Add and Curate Geographic Points of Interest
The FOAM Spatial Index Visualizer allows Cartographers to participate in interactive TCR POIs on a map. Users can add points to the map, validate new candidates and verify the map by visiting real world locations. The FOAM Token Curated Registry unlocks mapping in a secure and permissionless fashion and allows locations to be ranked and maintained by token balances. Users can deposit FOAM Tokens into POIs on the map to increase attention those POIs might receive.
2. Signal for Zone Incentivisation
A further potential use of the FOAM Token by Cartographers is to stake their FOAM Tokens to Signal. Signaling is a mechanism designed to allow Cartographers to incentivize the expansion and geographic coverage of the FOAM network. To Signal, a Cartographer stakes FOAM Tokens to a Signaling smart contract by reference to a particular area. These staked tokens serve as indicators of demand, and are proportionate to (i) the length of time staking (the earlier, the better), and (ii) the number of tokens staked (the less well-served areas, the better). In the context of the contingent Dynamic Proof of Location concept (described further in the Product Whitepaper), these indicators are the weighted references that determine the spatial mining rewards.
3. Contribute to Potential Secure Location Services as Zone Anchor or Verifier
The FOAM protocol may allow users to provide work and secure localization services and location verification for smart contracts and be rewarded for their own efforts with new FOAM Tokens in the form of mining rewards. Devices and real world contracts can be programmed to designate attestations and track interactions and transactions on the map. With the addition of necessary radio hardware by individual users and the grass roots expansion of the FOAM network, it may be possible for location status to be proved in a different manner. Location could be proved through a time synchronization protocol that would ensure continuity of a distributed clock, whereby specialized hardware could synchronize nodesâ clocks over radio to provide location services in a given area. As explained further in the following paragraph, this âDynamic Proof of Locationâ is contingent on a number of factors outside of Foamspaceâs control.