Price
$0.0248
10/7/2022, 2:31:23 AM
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Market

Market stats

Market cap

$7.5M

Volume (24h)

$119.03

Circulating supply

316.6M FOAM

All time high

$0.83

Price change (1h)

+0.07%

Price change (24h)

-8.68%

Price change (7d)

-2.75%

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FOAM is on the decline this week.

The price of FOAM has fallen by 2.75% in the past 7 days. The price declined by 8.68% in the last 24 hours. In just the past hour, the price grew by 0.07%. The current price is $0.024793 per FOAM. FOAM is 97.01% below the all time high of $0.83.

The current circulating supply is 316,571,949.756 FOAM.

About

What Is Foam (FOAM)?

Foam is an open-source protocol inviting individuals, businesses, and organizations to contribute to decentralized geospatial data by joining a company-owned and operated location network. The platform is designed with an aim to build a consensus-driven map of the world and empower the users. The map can be trusted, according to the company, for every application. Geospatial data is information that describes things, events, or other features that have a physical position on or near the earth's surface.

As per the whitepaper, FOAM wants to secure the physical space with the help of blockchain technology. The platform is developed on Ethereum allowing the platform to harness the power of Ethereum blockchain. The platform uses a secure utility token for computational work and verification of the network.

FOAM aims to be transparent and tamper-proof and seeks to provide secure data locations. FOAM Map and FOAM Location can be more resilient alternatives to centralized maps and location services. The idea behind making geospatial data decentralized is that FOAM wants users to own their personal location information. FOAM thinks users should have control to choose when and with whom they wish to share their location.

The company is actively engaged in building tools in the form of spatial protocols, standards, and applications bringing geospatial data to the blockchain and offering a higher level of security. FOAM has three main components:

  • Crypto Spatial Coordinate standard (CSC) – This is an open-source standard to embed physical location in smart contracts. These smart contracts enable blockchain to act as a registry of spatial contracts. The CSC standard allows spatial contracts to be displayed on the Spatial Index Visualizer.

  • Spatial Index and Visualizer Webapp – A visual blockchain explorer enables users to understand and engage with the spatial data.

  • Proof of location – This is a protocol that provides the framework and infrastructure to support a decentralized and safe alternative to GPS. GPS stands for Global Positioning System. It is a system that uses satellites that synchronize location, velocity, and time data. The proof of location utility is achieved through a Token Curated Registry (TCR) process. TCR is a crypto model for curating human-readable lists with economic incentives for token holders to curate the listed content. CSC and TCR are important factors for a new form of mapping and maintaining the points of interest. Proof of location also helps to overcome the vulnerabilities of GPS, the current location verification alternative.

FOAM is the native token that empowers different elements of the Foam platform.

History of Foam (FOAM)

Ryan John King, Kristoffer Joseffson, and Katya Zavyalova are the founders of FOAM. The whitepaper was released on January 05, 2018.

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FAQ

What is the current price of FOAM?

The price of 1 FOAM currently costs $0.0248.

What is the market cap of FOAM?

The current market cap of FOAM is $7.47M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of FOAM?

The all-time high of FOAM is $0.83. This all-time high is highest price paid for FOAM since it was launched.

What is the 24 hour trading volume of FOAM?

Over the last 24 hours, the trading volume of FOAM is $119.03.

What other assets are similar to FOAM?

Assets that have a similar market cap to FOAM include Shyft Network, Doge Dash, BEPRO Network, and many others. To see a full list, see our comparable market cap assets.

How many FOAM are there?

The current circulating supply of FOAM is 317 million.

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