FOAM is an interesting project. I really hope FOAM gains some good with what they're doing.
Thought, initially they began as a project that was focused on their "Zone Anchor" Proof of Location idea (basically stamping fixed radio devices all over the earth) However, they are a very small team and do not have any hardware experiences thus they pivoted about 3-4 months ago and have shifted their attention towards "Cartography" basically stamping online maps (like Google Maps) with "Points of Interests" like Google Places, and they commit the data to the Ethereum blockchain.
They pivoted towards "Cartography", which entails integrating map-based web apps because they needed to have a "working" product by the time they launch to cover their for it being security, so they can call it a "consumer token" or whatever, even though you really can't even use it.
There's a lot of stuff something that matters excited about with FOAM, but also some nothing else
Scam project.
Their communication lacks interaction, twitter looks more like a robot. But I do not think they are SCAM.
First off, they haven't really been collaborative in working together. Apparently, they've essentially like bot (I think so) from their own Telegram group or channel group you can check it (another group native-lang it’s all got) and community group is losing any no good conversation, I don’t know for what makes Community management or marketing was late.
I searched the search engine but I did not get anything related to FOAM. Can you explain more specifically about this or there is a link that leads to a special site, otherwise it really is a scam.
ICO starts July 31 and ends August 10, 2018 with a hardcap $ 24,000,000 / 300,000,000 FOAM, but this project does not look advanced even now experiencing price declines of up to
69.88%The other thing is that it's not really clear how much VC/Institutional money is behind it and who's behind it. Even just basic things like the ICO fund, Devs fund/holding Token, etc? It's very close and mysterious (total token 1.000.000.000) and token sold out 300.000.000
I think the project must be transparent open about all of that
We're hopeful their team takes a more collaborative approach to grow the Geospatial Blockchain community we're building because the FOAM it seems good implementation project
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