Dear FOAM community members,

As you know while the Foamspace developer team has been hard at work implementing the front and back end aspects of Signaling, we have been waiting for the completion of a third party audit of the smart contracts before deploying to main net. Please see below an important update on the audit:

The rollout of signaling has been put on temporary pause due to the unforeseen inability of our smart contract auditor to complete its audit of our smart contract. After several delays, late yesterday we were informed that our smart contract auditors are, due to internal reasons, unable to fulfill their auditing contract with us. Please note: The auditor’s inability to complete its audit has nothing to do with Foamspace or the integrity of our smart contract. Foamspace is committed to using strong security practices when deploying smart contracts that will interact with the tokens of purchasers. It goes against these security practices to launch the signaling portion of our protocol without necessary auditing, resulting in another delay of both signaling and an extension of the initial use period deadline. This is a frustrating and disappointing development for FOAM, as the contracts and front end work has been completed. To help us get this resolved as soon as possible we have started a contract with another auditor. We will return with an official statement regarding a new deadline as soon as possible.

We will be posting this update everywhere, thank you for your patience and support, it is much appreciated. As stated above the work on Signaling is complete pending the audit, here is the latest preview:

Please reach out to us on discourse, gitter or by email with any questions or concerns. All of our previously published audits of currently deployed contracts can be found here: https://github.com/f-o-a-m/public-research