[ANN][ICO/IPO][PRE-SALE]FOLEUMio - GREEN Mining for the masses, Simplified

[goldz1star]

Awesome thread, I'll be studying the WP now. The project idea seems interesting.

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[FOLEUMio]

why do you think that people will need your project? Is this so?

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.

[FOLEUMio]

Though this is not the first time to see a project introduced to having committed with renewable resources, still this is okay as we need more and more projects that are dedicated to take care of our environment. However, I have doubt with the authenticity of the team members. Can they add reference links of their team members even if it's not linkedin? Thanks much!

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

[FOLEUMio]

I have not yet met mining technology which has renewable resources. Hope to see your bounty program soon. I would gladly take part in it

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

[FOLEUMio]

I do read in your roadmap that you will be selling mining rigs. But the main purpose of your project is mining.
Can you please clarify what is your main aim? Also, if the former statement is true, can you explain in detail the manufacture of such rigs? Good luck.

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.

[Twinkledoe]

I do read in your roadmap that you will be selling mining rigs. But the main purpose of your project is mining.
Can you please clarify what is your main aim? Also, if the former statement is true, can you explain in detail the manufacture of such rigs? Good luck.

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.

From the sound of it, you seemed to be sincere on what you are aiming for on this project. I hope people who will buy your tokens will really benefit of using your platform. Good luck!

[cjrst8]

Green initiatives are gonna continue to grow in importance in the future. I like the idea behind this coin, but execution is everything. Best of luck

[Meritokrat]

I see the concept of it and I'm fascinated by it all.
This project is packed with great innovative ideas and endless possibilities powered by blockchain technology.
I think this will surely attract investors looking for great and innovative project.

[laredo7mm]

I'm not sure if I understand how are you going to distribute mined coins to FOL Crystal holders. Please explain.
Do you have any estimates how much profit do I get per month for holding let's say 1000 tokens.

[cozie]

mining projects have now reduced its importance. however, this type of renewable energy projects show again interest. such projects show social solidarity. 

[Ano]

Roadmap is little long and there is no working product at this stage. Where is that data center located although idea is really nice but there are so many complication into this field I hope you will get succeed to catch attention of the investors.

[icobuffer]

Are you planning airdrops?

[FOLEUMio]

I'm not sure if I understand how are you going to distribute mined coins to FOL Crystal holders. Please explain.
Do you have any estimates how much profit do I get per month for holding let's say 1000 tokens.

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.

[FOLEUMio]

Are you planning airdrops?

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.

[tippytoes]

Though this is not the first time to see a project introduced to having committed with renewable resources, still this is okay as we need more and more projects that are dedicated to take care of our environment. However, I have doubt with the authenticity of the team members. Can they add reference links of their team members even if it's not linkedin? Thanks much!

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 addressing my doubt. At least I know that your CEO really exists and foleum is really listed in his linkedin account. With so many fraudulent projects, you can never tell if the project is really legit or not or just using someone else's profile to boost its popularity so they can raise funds and eventually pocketing whatever they collected.

[JooBra]

Yeah I like the idea of the project, hope more people will see it like a good opportunity to invest and have some future in this project.

[strayCat]

I'll refer some people to follow this project and I really support this project because it can be seen from its development very well. Hopefully many like this project. Good luck fellows!

[identifyuser]

I'll refer some people to follow this project and I really support this project because it can be seen from its development very well. Hopefully many like this project. Good luck fellows!

I like that the Foleum project is based on a community, with the goal of being open to everyone who is willing to get involved in the community and benefit from it and plans to change the way the world thinks about mining

[FOLEUMio]

Roadmap is little long and there is no working product at this stage. Where is that data center located although idea is really nice but there are so many complication into this field I hope you will get succeed to catch attention of the investors.

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.

[FOLEUMio]

Green initiatives are gonna continue to grow in importance in the future. I like the idea behind this coin, but execution is everything. Best of luck

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.