Jun 24, 2018
Bitcoin and other Blockchain technology are revolutionising the world as we know it, but unfortunately there are some inherent setbacks. The amount of energy it takes to power the network is staggering and has a huge environmental impact using traditional energy sources.
The Foleum project is proud to be part of the solution by creating the majority of our own GREEN power to run our mining data centers. Using our own power will also greatly reduces operational costs making it more profitable than other traditionally-powered mining operations while helping to reduce the blockchain carbon footprint on the planet.
(FOL) 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 profits paid out daily in the cryptocurrencies mined by the Project which may include: ETH, BTC, ZEC and others. The remainder of the profit will be reinvested into the Foleum Project to expand its datacenter’s capacity and renew the existing hardware.
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.
FOL Crystals (tokens) will be offered in 6 different stages, each with a different number of tokens, price point and investor restrictions.
Minimum Purchase Amounts: Pre-Sale, $30,000.00, Early Adopter Stage 1 Sale, $25,000.00, Early Adopter Stage 2 Sale, $20,000.00, and Early Adopter Stage 3 Sale, $12,000.00. Lot 1 and Lot 2 will have $100 minimum purchase.
To comply with U.S. securities laws, the first four sale stages, the Pre-sale, and the Early Adopter Sale: Stage 1, Stage 2, Stage 3, 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”). During these first four sale stages sales to investors outside the United States will be limited to only non-U.S. persons as defined under Regulation S of the Securities Act.
Rule 506(c) defines an “accredited investor” as:
Upon the SEC approval the Reg A+ offering (Mini-IPO) of FOL crystals, U.S. non-accredited investors will be allowed to participate in the Public Crystal Sale: Lot 1 and Lot 2. However, additional limitations apply on the amount of money a non- accredited investor may invest.
The investor restrictions contradict the idea of giving everyone a fair chance to get involved in the GREEN mining project. However, we have to comply with securities laws and regulations. This is why we’re already working hard preparing for the Regulation A+ Mini-IPO (Initial Public Offering) which would open participation in the project up to the public!
Non-Sale Token Allocations during the ICO include:
10% is for the team, 4% as a project reserve, 3% for marketing, 1% for advisors, 1% for the Foleum mining reserve fund, and 1% for charity staking
The unsold crystals will be burned following completion of the ICO/ IPO.
Attention. There is a risk that unverified members are not actually members of the team
$6 205 563
$4 000 000
FOLEUM is a community-based GREEN blockchain mining project designed to allow individuals to support and participate in blockchain mining that is ecologically sustainable and profitable for the community.
The project is very essential as power availability is a key factor in the crypto mining. The easy provision of GREEN power through the utilization of wind and solar technologies which are ecologically friendly make the projects viable and I would highly invest in it.
Strengths of the project:
Weaknesses of the project:
MVP is not available.
Despite the fact that the crypto market demonstrates some instability, we note that market capitalization is currently growing. Currently (May 28, 2018), the capitalization of cryptocurrency is $15.3 billion. Bitcoin plays the main role in this market.
Project strong sides: interesting idea; analysis of mining rigs profitability; token usability as a kind of shares. Project weak sides: lack of marketing strategy and analysis; absence of energy cost analysis and comparing with usual source. So our position is neutral.
An overall verdict on FOLEUM would give credit to the exciting idea, mining rigs profitability and use of tokens as shares. However, FOLEUM still has plenty of weak sides, and as a cloud mining project, this is arguably a cause of alarm for investors. Therefore, the position on the Foleum remains neutral and it best not to invest in the venture.
This offer is based on information provided solely by the offeror and other publicly available information. The token sale or exchange event is entirely unrelated to ICOholder and ICOholder has no involvement in it (including any technical support or promotion). Token sales listed from persons that ICOholder has no relationship with are shown only to help customers keep track of the activity taking place within the overall token sector. This information is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice or carry out your own due diligence before taking, or refraining from, any action on the basis of the content on our site. Any terms and conditions entered into by contributors in respect of the acquisition of Tokens are between them and the issuer of the Token and ICOholder is not the seller of such Tokens. ICOholder has no legal responsibility for any representations made by third parties in respect of any Token sale and any claim for breach of contract must also be made directly against the Token issuing entity listed herein.
If you have any concerns about the nature, propriety or legality of this token sale or the persons involved in it please contact [email protected] with detailed information about your concerns.