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Topic: [ANN][ICO/IPO][PRE-SALE]FOLEUMio - GREEN Mining for the masses, Simplified - page 22. (Read 9634 times)

newbie
Activity: 154
Merit: 0
Hello everyone. I need help, can't find the "token role", can anybody tell me what is it?
Hello. If we take a look at the information from site
Token role: functional (Mining and Manufacturing Profit Sharing)
member
Activity: 252
Merit: 10
Will funds be allocated for the development of the ecosystem or the promotion of it?
newbie
Activity: 88
Merit: 0
Gretings guys. Is there will be any restriction on tokens that can be mined?
Greetings. As far, as i know, there's no such a restrictions. You can mine all tokens, what
you want (BTC, ETH, LTC, ZEC, etc...). So, don't worry about it.
And what you plan to do with this all this crypto-currencies??
newbie
Activity: 60
Merit: 0
You will update the equipment in the data centers, right?
Hello. Of course, Foleum team plan to periodically update the datacenter hardware to keep the Project’s datacenters the most efficient as possible.
Do Foleum team plan to sell hardware, that they will use in datacenters?
newbie
Activity: 83
Merit: 0
Hello everyone. I need help, can't find the "token role", can anybody tell me what is it?
newbie
Activity: 252
Merit: 0
You will update the equipment in the data centers, right?
Hello. Of course, Foleum team plan to periodically update the datacenter hardware to keep the Project’s datacenters the most efficient as possible.
newbie
Activity: 252
Merit: 0
Gretings guys. Is there will be any restriction on tokens that can be mined?
Greetings. As far, as i know, there's no such a restrictions. You can mine all tokens, what
you want (BTC, ETH, LTC, ZEC, etc...). So, don't worry about it.
newbie
Activity: 252
Merit: 0
Okay, you plan to use hybrid energy systems, where do you plan to get money for it?
The proceeds froM ICO will go for this needs. According White Paper:
"the proceeds from the ICO (Initial Crystal Offering) will be allocated to
purchasing the hardware, building out the datacenter and installing the green
energy hybrid array."
newbie
Activity: 252
Merit: 0
At what stage is the development of the main product now? I just came to know about this project so don't have clear idea. I will check whitepaper and other documents for more info. But I always wanted to take professional help for crypto trading. It's seems that finally I found something interesting
Hey. Right now it's on "preparing for liftoff" stage. Smiley
newbie
Activity: 60
Merit: 0
You will update the hardware in the data centers, right?
newbie
Activity: 88
Merit: 0
Gretings guys. Is there will be any restriction on tokens that can be mined?
newbie
Activity: 62
Merit: 0
Okay, you plan to use hybrid energy systems, where do you plan to get money for it?
full member
Activity: 392
Merit: 102
At what stage is the development of the main product now? I just came to know about this project so don't have clear idea. I will check whitepaper and other documents for more info. But I always wanted to take professional help for crypto trading. It's seems that finally I found something interesting
newbie
Activity: 196
Merit: 0
Hi. What will be your Initial Crystal Offering (ICO)?
Initial Crystal Offering (ICO) will be implemented in the form FOL (Foleum mining crystals).
FOL (Forum mining crystals) - will be the main currency in Foleum, for all project participants.
So, what's FOL(Forum mining crystals) exactly is, what is it representing?
(FOL) Foleum mining crystals is an Ethereum security token, representing the
right to profit-sharing from the mining proceeds of the Foleum project.
And how much this token will be able at the start?
For the start there will be able Total Foleum Mining Crystals: 300,000,000
The FOL Crystal (token) was already classified??
Yes, 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.
Oh i see...to whom exactly do these restrictions apply?
It's pretty basically anyone who does not meet the requirements of the accredited investor.
Rule 506(c) defines an “accredited investor” as:
• an individual with a net worth of at least $1 million, not including the value of his or her primary residence
• an individual with income exceeding $200,000 in each of the two most recent calendar years or joint income
with a spouse exceeding $300,000 for those years and a reasonable expectation of the same income level in the
current year, or
• a trust with assets of at least $5 million, not formed only to acquire the securities offered, and whose
purchases are directed by a person who meets the legal standard of having sufficient knowledge and experience
in financial and business matters to be capable of evaluating the merits and risks of the prospective investment
• a bank, insurance company, registered investment company, business development company, or small
business investment company
• an employee benefit plan (within the meaning of the U.S. Employee Retirement Income Security Act) if a bank,
insurance company, or registered investment adviser makes the investment decisions, or if the plan has total
assets in excess of $5 million
• a tax exempt charitable organization, corporation or partnership with assets in excess of $5 million
• a director, executive officer, or general partner of the company selling the securities
• an enterprise in which all the equity owners are accredited investors
It's sad...is they planning to do something with it?
Actually, yes! They already working hard preparing for the Regulation A+ Mini-IPO (Initial Public Offering) which would open participation in the project up to the
public.
newbie
Activity: 196
Merit: 0
I saw you recently started a bounty program, pretty curious about it, so it will be presented in, kind of, "giveaway" style or something like that?
Well, it definitely will be an unusual bounty program, because of the security. There will be 15 prizes, the prizes will include: Complete 6 card Mining Rig Kit Including with assorted cables and accessories; x2 Zotac Geforce 1080 TI; Custom Foleum GPU miner prototype 10 card case; ASUS B250 mining expert 19-slot motherboard; Zotac Geforce 1050 TI $ 25 in ETH; Foleum T-shirt.
newbie
Activity: 196
Merit: 0
Hello everyone  Smiley I heard, you manufacturing and selling GPU mining rigs, is that truth?
Hi  Smiley Yes, this is truth. Right now, Foleum, manufacturing their own mining rigs.
newbie
Activity: 62
Merit: 0
Hi. What will be your Initial Crystal Offering (ICO)?
Initial Crystal Offering (ICO) will be implemented in the form FOL (Foleum mining crystals).
FOL (Forum mining crystals) - will be the main currency in Foleum, for all project participants.
So, what's FOL(Forum mining crystals) exactly is, what is it representing?
(FOL) Foleum mining crystals is an Ethereum security token, representing the
right to profit-sharing from the mining proceeds of the Foleum project.
And how much this token will be able at the start?
For the start there will be able Total Foleum Mining Crystals: 300,000,000
The FOL Crystal (token) was already classified??
Yes, 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.
Oh i see...to whom exactly do these restrictions apply?
It's pretty basically anyone who does not meet the requirements of the accredited investor.
Rule 506(c) defines an “accredited investor” as:
• an individual with a net worth of at least $1 million, not including the value of his or her primary residence
• an individual with income exceeding $200,000 in each of the two most recent calendar years or joint income
with a spouse exceeding $300,000 for those years and a reasonable expectation of the same income level in the
current year, or
• a trust with assets of at least $5 million, not formed only to acquire the securities offered, and whose
purchases are directed by a person who meets the legal standard of having sufficient knowledge and experience
in financial and business matters to be capable of evaluating the merits and risks of the prospective investment
• a bank, insurance company, registered investment company, business development company, or small
business investment company
• an employee benefit plan (within the meaning of the U.S. Employee Retirement Income Security Act) if a bank,
insurance company, or registered investment adviser makes the investment decisions, or if the plan has total
assets in excess of $5 million
• a tax exempt charitable organization, corporation or partnership with assets in excess of $5 million
• a director, executive officer, or general partner of the company selling the securities
• an enterprise in which all the equity owners are accredited investors
It's sad...is they planning to do something with it?
newbie
Activity: 54
Merit: 0
I saw you recently started a bounty program, pretty curious about it, so it will be presented in, kind of, "giveaway" style or something like that?
newbie
Activity: 70
Merit: 0
Hello everyone  Smiley I heard, you manufacturing and selling GPU mining rigs, is that truth?
newbie
Activity: 82
Merit: 0
I like your project so far. You said that you will use renewable green energy, what exactly do you plan to use?
Hello! The Foleum project and team themselves, plan to use system of their own invention and production,
called "Hybrid system", this system will provide project with green energy.
Huh, that's intersting, and how they come up with the idea of "hybrid" green energy systems?
"Nexus, an innovative, open-source distributed ledger and digital currency (NXS), announced today its partnership with Foleum, an inventive blockchain mining project designed to generate the majority of its own power using green hybrid technologies." Hybrid systems was created by Foleum team with Nexus participation.

Hmm... is they more effective that usual ones?
Yes they are. A wind and solar Foleum hybrid system can produce up to 19% more energy than a usual solar/wind systems alone.
Huh, can you explain why exactly its more effective? I would like to hear some arguments
This is closely related to the seasons and the weather situation. In the of the United States, the winds are low in the summer when the sun shines brightest and longest. The wind is
strong in the winter when less sunlight is available. Because the peak peak times for wind and solar systems occur
at different times of the day and year, hybrid systems are more likely to produce power when you need it.
That's sounds smart. Can i see, maybe, some graphs about this statistics or something like that? Is there any?

Yes, you can found all graph with statistics in Foleum WP here:
https://drive.google.com/file/d/1mgiSIE3ygC7LRb5nUut1SrHiN9tDJ8RG/view
by title on page number 7.
Oh, i'm gonna check it out. Thanks for the answers! Smiley
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