We would like to thank the participating community for the amazing results of the sale. 38k Ether ($16.5 million USD) worth of FOAM tokens were bought by 1,002 purchasers in our Token Sale. The average purchase amount was approximately $16,500, with a median of $998.

Purchase Levels

Purchase Levels with breakdown by countries

We are extremely excited about the global distribution of token purchasers, encouraging distributed growth of local FOAM communities that will manifest as coverage for both static and dynamic proof of location.

Purchasers are represented in:

71 of the 195 countries in the world

25 of the 28 countries in the EU

36 of the 50 states in the US

It is clear to us from the results that it is the members of these local communities that will make FOAM a reality:

FOAM Purchasers in Europe

— “It is actually FOAM’s versatility in potential applications that appeals to me- i.e. the best use cases for it may not have been thought of yet. FOAM allows decentralized, censorship resistant location data to be added to any application — that is huge! …I hope to get involved initially by testing Zone Anchors and am open to joining projects I can contribute to in a meaningful way. I think FOAM can be great for the world in many ways and will rely on, especially initially, a strong community. ” — “Netherlands might just be one of the best places to grow the Foam Network. The country is small and its surface is flat, but full of dense urban areas that need better location data.” — “ I’m personally very excited about token networks that launch live onto the main-net and provide functions or require work performed in either the physical or digital world. To me it’s clear that this is where this whole space is more and more moving into (i.e. specific services/work that has to be performed to improve the networks powered by specific tokens) and that is why I’m very excited for the FOAM token use case. Given that I’m traveling a lot across Europe, I’m intending to host a lot of Points of Interest locations as well as set up Zone Anchors in multiple locations.”

FOAM Purchasers in the U.S.

— “We are planning to setup check points in the state of Illinois, which would cover Chicago, Rockford and the surrounding suburbs.” — “ I’m a developer with many years of experience and I’m researching the blockchain space for projects where I could contribute. Diving deeper into Ethereum ecosystem, learning Solidity and exploring novel concepts such as TCRs has become my favorite pastime. I plan to use FOAM tokens as Cartographer adding points of interest, mapping, curating POI in my region and exploring, learning about TCRs. I’m also interested exploring how would a local decentralised restaurant/tourist/… guide look like. How do people perceive listings based on TCRs and how can they affect current systems like Trip advisor.”

What’s next?

Our mainnet application is anticipated to launch at the end of August and FOAM Cartographers will be able to put their tokens to use. In this context, our 1,002 purchasers means that proof of use will already require at least 10,020 Points of Interest be created globally, directly kickstarting the spatial token curated registry with new entries. We encourage everyone to join a local community and discuss what kinds of POIs you will be placing.

…our 1,002 purchasers mean that proof of use will already require at least 10,020 Points of Interest be created globally, directly kickstarting the spatial token curated registry with new entries.

Before the Mainnet launch, we will have a blog post that will serve as a guide for using the mainnet applications and on how to demonstrate Proof of Use. In the meantime, you can find more info about the proof of use requirements on our project page on Token Foundry, join our Telegram with the button below, or join one of our many local communities (or start one by getting in touch on Telegram!) to get involved with the project!

Be on the lookout for us hosting and participating in events and meet ups in New York, Detroit, San Francisco, Berlin, and selected cities in Asia in the coming months. We will also continue to support local community meet ups and events as our global FOAM Community continues to grow! Stay tuned!

Join a local community:

🇦🇺 Australia, 🇧🇪 Belgium, 🇺🇸 California, 🇨🇦 Canada (Toronto Area), 🇨🇾 Cyprus, 🇫🇷France, 🇩🇪 Germany, 🇮🇳 India, 🇮🇹 Italy, 🇯🇵 Japan, 🇲🇾 Malaysia, 🇺🇸 Midwest, 🇺🇸 Mountain West, 🇳🇱 The Netherlands, 🇳🇿 New Zealand, 🇳🇴 Norway, 🇺🇸 Pacific NW, 🇵🇭 Philippines, 🇵🇱 Poland, 🇵🇹 Portugal, 🇷🇺 Russia, 🇸🇬Singapore, 🇺🇸 Southern US, 🇪🇸 Spain, 🇨🇭 Switzerland, 🇬🇧 United Kingdom

You can read all about FOAM in our whitepaper. If you have any questions or would like to discuss the project, you can join our Telegram and subreddit. To receive the latest project updates, you can sign up for the newsletter and follow us on Twitter.