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

[Lasthero999]

Hi, I was very interested in your production of mining equipment, do you plan to sell it in the future?

[PhysRevB]

I really like your project, but how are you going to solve the problem with consumed electricity cooling? Data centers for sure consume a lot.

[crysisinthehead]

How many percent of the profit will the crystal holders receive?

[bertramSky]

Perhaps my question will sound quite strange, but what are the opportunities of this blockchain? Can you, please, explain in general?

Just like the price of Bitcoin the profitability of mining can swing drastically. However, Bitcoin’s historical average mining profitability is about $15 a day with standard currently available equipment (the S9). 2500 of these machines would make $37,500 a day gross and $27,625 a day in profit after the estimated power cost (at $0.12 /kWh).

[bertramSky]

Wait, Is mining really spending such a huge amount of electrical power!?

Yep. Blockchain mining is one of the fastest growing sectors in the IT industry and the amount of energy being consumed is staggering at 31.25 TWh annually or $1.6 billion in energy costs attributable just to Bitcoin mining alone, considering it came from practically nothing 7 years ago. As you can see the profitability of a blockchain mining business model is highly dependent on the costs and availability of its energy supply.

[WhiteRed44]

How do I benefit from choosing your project among other similar ones?

The benefit is very obvious, Foleum Project is designed to generate the majority of its own power, making the project much more profitable. Upon the Project’s ability to reduce the power cost to running the equivalent of 2500 of these machines down to $2,500 per day, in this example the average daily profit would increase to $35,000 per day (up from $27,625).

Is it possible to calculate the profitability of such a project?

[olegkrouk]

How do I benefit from choosing your project among other similar ones?

The benefit is very obvious, Foleum Project is designed to generate the majority of its own power, making the project much more profitable. Upon the Project’s ability to reduce the power cost to running the equivalent of 2500 of these machines down to $2,500 per day, in this example the average daily profit would increase to $35,000 per day (up from $27,625).

Is it possible to calculate the profitability of such a project?

It is quite possible. If we assume the average daily profit is $35,000 over the course of a year, $35,000 X 365 days = $12,775,000 profit in just one year.

[iamjamesjames]

Hi,  how are you going to solve the problem with lack of hardware? where will you get it?

[singeorange77]

Hi, I want to ask, what is the initial rate for the holder of the crystal and how is the process of its growth going on?

[alexhott]

Where will the proceeds from the crystals go?

[olegkrouk]

So, you will use Foleum mining crystals as the main exchange material for your project, can you explain in more detail what this is?

Its pretty simple actually, Foleum mining crystals is an Ethereum security token, representing the right to profit-sharing from the mining proceeds of the Foleum project. The FOL crystal holders will get up to 60% of the Project’s blockchain mining.

In what cryptocurrencies profit will get paid?

profits paid out daily in the cryptocurrencies mined by the Project which may
include: ETH, BTC, ZEC and others.

[aquacharls]

Hi, I was very interested in your production of mining equipment, do you plan to sell it in the future?

Hi. accordind the white paper, the Foleum project will be manufacturing and selling GPU beginner mining rigs along with its full-size servers and “build your own” mining kits to the blockchain mining community.

[aquacharls]

I really like your project, but how are you going to solve the problem with consumed electricity cooling? Data centers for sure consume a lot.

Team wrote in the description that Foleum’s datacenter design includes state-of-the-art cooling techniques utilizing geothermal and high efficiency cooling systems estimated to be capable of providing a 50% reduction in power consumption over conventional systems. The Project is also designed to utilize wind turbine inside the data centers to recycle the energy from the internal air movement and create the potential for additional savings.
For additional information, you can visit their site:
https://www.foleum.io

[minak260]

And what about the reserve? What will you do with it?

[mayorovp]

I want to ask about the crystals, are they officially approved by the laws of the country? Is their use legal?

[alextrig42]

How many percent of the profit will the crystal holders receive?

Crystal holders are entitled to receive distributions of up to 60% of the Project’s mining profits, and the remaining profits are reinvested in the Project in order to maximize the Project’s potential for future earnings.

[Lasthero999]

Hi, I was very interested in your production of mining equipment, do you plan to sell it in the future?

Hi. accordind the white paper, the Foleum project will be manufacturing and selling GPU beginner mining rigs along with its full-size servers and “build your own” mining kits to the blockchain mining community.

What about discounts for project partners and token holders? Were you ready to offer favorable conditions for cooperation?

[aquacharls]

Hi, I was very interested in your production of mining equipment, do you plan to sell it in the future?

Hi. accordind the white paper, the Foleum project will be manufacturing and selling GPU beginner mining rigs along with its full-size servers and “build your own” mining kits to the blockchain mining community.

What about discounts for project partners and token holders? Were you ready to offer favorable conditions for cooperation?

Team said, that FOL crystal holders will receive special discounts on all equipment purchases from Foleum.

[nikolayenko]

Hi,  how are you going to solve the problem with lack of hardware? where will you get it?

Accordind the white paper, acquiring the hardware components for on the intended scale of the Project would normally be a large concern due to the popularity of blockchain mining and the limited production capacity of hardware suppliers. There is extremely high demand for this type of hardware. Through our network of strategic partners, we have been able to secure prioritized access to components such as GPUs and motherboards in large quantities this solves the problem.

[nikolayenko]

I want to ask about the crystals, are they officially approved by the laws of the country? Is their use legal?

Yes. they are officially approved. "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. To comply with U.S. securities laws, the first four sale stages, the Pre-sale, and the Early Adopter Sale, will be restricted to U.S. accredited investors only and sold pursuant to such investors pursuant to a Simple
Agreement for Future Tokens pursuant to Regulation D, Rule 506(c) of the U.S. Securities Act of 1933, as amended (the “Securities Act”)." - Official information from white paper of project.