Hi Dasengineer, we understand the frustration, but since we are a security we can't give away tokens as in a traditional bounty campaign.

To make this as enticing as possible, the top 5 prizes are actual mining equipment, 6th through 10th place win ETH tokens and Foleum T-shirts, and 11th through 15th place win Foleum t-shirts.

We are running a few of these campaigns so stay tuned for more updates.

Hi All!

Check out our bounty announcement here!

Since we are a security we are not able to do a traditional bounty program so we are hosting this instead.

Follow the link below for a chance to win awesome GPU Mining equipment!!!

The Ultimate Cryptocurrency GPU Mining Giveaway!

Good luck to everyone!!!

Hey troBelx, no bounty program yet. We will keep you all updated!

Hi cointrader78, would love to discuss. Please reach out to us on t.me/FOLEUMio and one of our admins will connect with you.

Hi yudi09, This is definitely a long-term project. We plan to use the proceeds of the ICO to continue to build our hybrid wind and solar energy system as well as our own energy-efficient GPU mining servers. We have been working with major graphics card manufacturers to obtain custom-made GPU that meet our specifications. This will help ensure the most profitable and energy-efficient mining servers possible (certain models of which will be offered for sale by Foleum in the future).

We would kindly direct you to the Foleum Project Overview section of our Witepaper for a simplified explanation of the project.

Definitely reach out if you have any questions here or preferably on our Telegram group (t.me/FOLEUMio)

Hi 3Bullion,
Thanks for your question! The main advantage is that FOL Crystal (i.e. token) holders will get up to 60% of the Project’s blockchain mining profits paid out daily in the cryptocurrencies mined by the Project, which may include: ETH, BTC, ZEC, and others. The remaining 40% of the profit will be reinvested into the Foleum Project to expand its datacenter’s capacity and renewing the existing hardware. Keep in mind that the FOL Crystal (token) is classified as a security under U.S. securities laws and as a result the ICO will be restricted to certain types of investors in order to comply with U.S. securities laws.

The Foleum project is designed to generate the majority of our own GREEN power to run the mining data centers. Using our own power will also greatly reduce operational costs making it more profitable than other traditionally-powered mining operations while helping to reduce the blockchain carbon footprint on the planet. In fact, we believe that the Project can reach one of the lowest prices per kilowatt in the world and maintain it long-term. This is a big advantage because electricity prices from traditional energy sources have been rising steadily over the last decade. According to the Energy Information Administration (EIA), electricity rates have increased nationally by around 20% in the last 10 years.

Another advantage of the Foleum Project is that we design and build our own energy-efficient GPU mining servers. We have been working with major graphics card manufacturers to obtain custom-made GPU that meet our specifications. This will help ensure the most profitable and energy-efficient mining servers possible (certain models of which will be offered for sale by Foleum in the future).

Foleum is committed to its community. We will donate the profits attributable to 1% of the Foleum mining crystals (FOL) every year to different charities. Our supporters will be able to vote on which charities benefit from the donations. Additionally, Foleum intends to follow its Founders ideology and will host teaching classes on blockchain technology once a month.

Hi vlad drac, I've included the linkedin accounts for some of our advisors here. You can also see a summary of the team and advisors on our website.

Amit Singh

David Whiting

Raghuram Bala

Let us know if you have other questions!

Execution is absolutely everything! Thanks for the support, cjrst8! We invite you to join our telegram group (t.me/FOLEUMio) for updates or if you have any questions.

Hi Ano, the data center will be located in North Carolina. Regarding the roadmap, not sure if I understand the question, but the first coins will start being mined as early as January 2019.

Hi icobuffer,
Unfortunately, we are not allowed to do airdrops at this time. Since we are a security token, giving away tokens is potentially a violation of securities laws in the US.

Hi laredo7mm, The FOL crystal holders will get up to 60% of the Foleum Project’s blockchain mining profits in the cryptocurrencies mined by the Project, which may include: ETH, BTC, ZEC, and others. Daily, each token that we mine, is divided amongst all of our Crystal holders that are staking FOL crystal in our wallet/registered on our website to receive the mining rewards. It starts at 10% of the profit and builds up to 50% over a six-month period. Once you staked your FOL Crystal continuously for a full year, or longer you will receive the 60%. The remaining 40% of the profit will be reinvested into the Foleum Project to expand its datacenter’s capacity and renewing the existing hardware.

Hi p3ppymon, The goal for Foleum is to make it easier for people to get into mining. We do that primarily by providing an easy way to get involved through our Foleum crystals.  However, there are those who enjoy doing things themselves and for those people, it is our pleasure to help them get the equipment they need at an affordable cost.

Our main goal, of course, is our green mining facility but we also want to teach people and educate them about mining as well as help them get started with beginner rigs and DIY kits.

Thanks for the enthusiasm, anna.cayne! We'll keep you posted on the bounty program.

Hi tippytoes - We'll add these links to the announcement post. Thanks for the suggestion!

In the meantime, here's the LinkedIn for our Founder and CEO, Rahdi Fakhoury. I also included a link to his YouTube channel, TheBitcoinMiner, which has over 19,000 subscribers.

LinkedIn

TheBitcoinMiner

Thanks for your question, assasin21rus! As we mention in our Whitepaper, traditional energy costs for blockchain mining are a significant setback. The amount of energy it takes to power a blockchain mining network is staggering and has a huge environmental impact. The Foleum project addresses both of these problems. By using green energy to run our mining data centers, we are able to lower operational costs (making it more profitable) as well as reduce the blockchain carbon footprint on the planet.

Another differentiator is that we're using a hybrid wind and solar system because research shows that such a system is much more efficient than solar alone. This is because, in much of the United States, wind speeds are low in the summer when the sun shines brightest and longest. On the other hand, wind is strong in the winter when less sunlight is available. Because the peak operating times for wind and solar systems occur at different times of the day and year, hybrid systems are more likely to produce power when you need it. If you're interested, check out the Whitepaper for more details.

Thanks Peao! This really means a lot! Hope you join us on our telegram group (t.me/FOLEUMo) for updates and to answer any questions you may have.

Hi liuka, we understand the confusion. We've updated the announcement post to reflect that. We believe the Ethereum platform will help us in our vision. Bitcoin and other Blockchain technology are revolutionizing the world as we know it but unfortunately, there are some inherent setbacks. The amount of energy it takes to power a blockchain mining network is staggering and has a huge environmental impact using traditional energy sources.

We plan to generate the majority of our own power using GREEN hybrid technologies. Using our own power will greatly reduce operational costs making it more profitable than traditionally-powered mining operations while helping to reduce the blockchain carbon footprint on the planet. In fact, we believe that Foleum can reach one of the lowest prices per kilowatt in the world and maintain it long-term. This is a big advantage because electricity prices from traditional energy sources have been rising steadily over the last decade. According to the Energy Information Administration (EIA), electricity rates have increased nationally by around 20% in the last 10 years.

Check out our Whitepaper for more details about the project, the technology, and the token sale. Hope this answer's your question!

Hello! Great question. The Foleum Project intends to build the world’s first hybrid wind and solar powered datacenters with blockchain mining capabilities. The reason we are using a wind and solar hybrid system is that it can produce up to 19% more energy than a solar system alone.

Another advantage of the Foleum Project is that we design and build our own energy-efficient GPU mining servers. We have been working with major graphics card manufacturers to obtain custom-made GPU that meet our specifications. This will help ensure the most profitable and energy-efficient mining servers possible (certain models of which will be offered for sale by Foleum in the future).

Using our own power will also greatly reduce operational costs making it more profitable than other traditionally-powered mining operations while helping to reduce the blockchain carbon footprint on the planet.

Thank you set08air! We will update the listing on ICOHOLDER and get our ranking up!