Last Update
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.
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Verified 89%
Attention. There is a risk that unverified members are not actually members of the team
Verified 67%
Attention. There is a risk that unverified members are not actually members of the team
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.
PROS:
CONS:
SUGGESTIONS:
NOTE:
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 solely on information provided by the offeror and other publicly available sources.
The token sale or exchange event is completely independent of ICOholder. ICOholder is not involved in any way, including technical support or promotion.
We list token sales from entities with which we have no relationship to help users track overall activity within the token sector. This information is not intended as advice, and you should seek professional or specialist guidance or conduct your own due diligence before making any decisions based on our content.
Any terms and conditions regarding token acquisition are solely between contributors and the token issuer. ICOholder is not the seller of these tokens.
ICOholder is not legally responsible for any representations made by third parties about any token sale. Any claims for breach of contract must be directed against the listed token issuing entity.
If you have concerns about the nature, legality, or propriety of a token sale or the involved individuals, please contact info@icoholder.com with detailed information.