Interested in what are the advantages of your project compared to other projects?
We wish you to achieve this goal!
Hi 3Bullion,
Thanks for your question! The main advantage is that FOL Crystal (i.e. token) 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 remaining 40% of the profit will be reinvested into the Foleum Project to expand its datacenter’s capacity and renewing the existing hardware. Keep in mind that 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.
The Foleum project is designed to generate the majority of our own GREEN power to run the mining data centers. Using our own power will also greatly reduce operational costs making it more profitable than other traditionally-powered mining operations while helping to reduce the blockchain carbon footprint on the planet. In fact, we believe that the Project can reach one of the lowest prices per kilowatt in the world and maintain it long-term. This is a big advantage because electricity prices from traditional energy sources have been rising steadily over the last decade. According to the Energy Information Administration (EIA), electricity rates have increased nationally by around 20% in the last 10 years.
Another advantage of the Foleum Project is that we design and build our own energy-efficient GPU mining servers. We have been working with major graphics card manufacturers to obtain custom-made GPU that meet our specifications. This will help ensure the most profitable and energy-efficient mining servers possible (certain models of which will be offered for sale by Foleum in the future).
Foleum is committed to its community. We will donate the profits attributable to 1% of the Foleum mining crystals (FOL) every year to different charities. Our supporters will be able to vote on which charities benefit from the donations. Additionally, Foleum intends to follow its Founders ideology and will host teaching classes on blockchain technology once a month.