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

[olehrazin]

Hello everyone   I heard, you manufacturing and selling GPU mining rigs, is that truth?

Hi  Yes, this is truth. Right now, Foleum, manufacturing their own mining rigs.

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[olehrazin]

I saw you recently started a bounty program, pretty curious about it, so it will be presented in, kind of, "giveaway" style or something like that?

Well, it definitely will be an unusual bounty program, because of the security. There will be 15 prizes, the prizes will include: Complete 6 card Mining Rig Kit Including with assorted cables and accessories; x2 Zotac Geforce 1080 TI; Custom Foleum GPU miner prototype 10 card case; ASUS B250 mining expert 19-slot motherboard; Zotac Geforce 1050 TI $ 25 in ETH; Foleum T-shirt.

[olehrazin]

Hi. What will be your Initial Crystal Offering (ICO)?

Initial Crystal Offering (ICO) will be implemented in the form FOL (Foleum mining crystals).
FOL (Forum mining crystals) - will be the main currency in Foleum, for all project participants.

So, what's FOL(Forum mining crystals) exactly is, what is it representing?

(FOL) Foleum mining crystals is an Ethereum security token, representing the
right to profit-sharing from the mining proceeds of the Foleum project.

And how much this token will be able at the start?

For the start there will be able Total Foleum Mining Crystals: 300,000,000

The FOL Crystal (token) was already classified??

Yes, 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.

Oh i see...to whom exactly do these restrictions apply?

It's pretty basically anyone who does not meet the requirements of the accredited investor.
Rule 506(c) defines an “accredited investor” as:
• an individual with a net worth of at least $1 million, not including the value of his or her primary residence
• an individual with income exceeding $200,000 in each of the two most recent calendar years or joint income
with a spouse exceeding $300,000 for those years and a reasonable expectation of the same income level in the
current year, or
• a trust with assets of at least $5 million, not formed only to acquire the securities offered, and whose
purchases are directed by a person who meets the legal standard of having sufficient knowledge and experience
in financial and business matters to be capable of evaluating the merits and risks of the prospective investment
• a bank, insurance company, registered investment company, business development company, or small
business investment company
• an employee benefit plan (within the meaning of the U.S. Employee Retirement Income Security Act) if a bank,
insurance company, or registered investment adviser makes the investment decisions, or if the plan has total
assets in excess of $5 million
• a tax exempt charitable organization, corporation or partnership with assets in excess of $5 million
• a director, executive officer, or general partner of the company selling the securities
• an enterprise in which all the equity owners are accredited investors

It's sad...is they planning to do something with it?

Actually, yes! They already working hard preparing for the Regulation A+ Mini-IPO (Initial Public Offering) which would open participation in the project up to the
public.

[dimon2307]

At what stage is the development of the main product now? I just came to know about this project so don't have clear idea. I will check whitepaper and other documents for more info. But I always wanted to take professional help for crypto trading. It's seems that finally I found something interesting

[etoklassniyacc]

Okay, you plan to use hybrid energy systems, where do you plan to get money for it?

[LineXD]

Gretings guys. Is there will be any restriction on tokens that can be mined?

[zgarretnill]

You will update the hardware in the data centers, right?

[yuracryptoman]

At what stage is the development of the main product now? I just came to know about this project so don't have clear idea. I will check whitepaper and other documents for more info. But I always wanted to take professional help for crypto trading. It's seems that finally I found something interesting

Hey. Right now it's on "preparing for liftoff" stage.

[yuracryptoman]

Okay, you plan to use hybrid energy systems, where do you plan to get money for it?

The proceeds froM ICO will go for this needs. According White Paper:
"the proceeds from the ICO (Initial Crystal Offering) will be allocated to
purchasing the hardware, building out the datacenter and installing the green
energy hybrid array."

[yuracryptoman]

Gretings guys. Is there will be any restriction on tokens that can be mined?

Greetings. As far, as i know, there's no such a restrictions. You can mine all tokens, what
you want (BTC, ETH, LTC, ZEC, etc...). So, don't worry about it.

[yuracryptoman]

You will update the equipment in the data centers, right?

Hello. Of course, Foleum team plan to periodically update the datacenter hardware to keep the Project’s datacenters the most efficient as possible.

[Lasthero999]

Hello everyone. I need help, can't find the "token role", can anybody tell me what is it?

[zgarretnill]

You will update the equipment in the data centers, right?

Hello. Of course, Foleum team plan to periodically update the datacenter hardware to keep the Project’s datacenters the most efficient as possible.

Do Foleum team plan to sell hardware, that they will use in datacenters?

[LineXD]

Gretings guys. Is there will be any restriction on tokens that can be mined?

Greetings. As far, as i know, there's no such a restrictions. You can mine all tokens, what
you want (BTC, ETH, LTC, ZEC, etc...). So, don't worry about it.

And what you plan to do with this all this crypto-currencies??

[kalehon]

Will funds be allocated for the development of the ecosystem or the promotion of it?

[bertramSky]

Hello everyone. I need help, can't find the "token role", can anybody tell me what is it?

Hello. If we take a look at the information from site
Token role: functional (Mining and Manufacturing Profit Sharing)

[bertramSky]

You will update the equipment in the data centers, right?

Hello. Of course, Foleum team plan to periodically update the datacenter hardware to keep the Project’s datacenters the most efficient as possible.

Do Foleum team plan to sell hardware, that they will use in datacenters?

Yes, any used datacenter equipment will be sold on team's website www.Foleum.io, this was said in the paper.

[bertramSky]

Gretings guys. Is there will be any restriction on tokens that can be mined?

Greetings. As far, as i know, there's no such a restrictions. You can mine all tokens, what
you want (BTC, ETH, LTC, ZEC, etc...). So, don't worry about it.

And what you plan to do with this all this crypto-currencies??

It will be divided amongst all of our Crystal holders that are staking
FOL crystal in project wallet on Foleum website.

[Calisto34]

Greetings everyone. How much people working on this project?

[zgarretnill]

You will update the equipment in the data centers, right?

Hello. Of course, Foleum team plan to periodically update the datacenter hardware to keep the Project’s datacenters the most efficient as possible.

Do Foleum team plan to sell hardware, that they will use in datacenters?

Yes, any used datacenter equipment will be sold on team's website www.Foleum.io, this was said in the paper.

That's cool, there will be any promotions / discounts on this hardware?