The Foleum ICO project is a unique endeavor being headed by Rahdi Fakhoury. The premise behind their goal is "Bringing mining to the masses" and they hope to accomplish this by creating a mining farm backed by their tokens called "crystals" that grant you a stake in the operation and its profits/yields. These profits will slowly ramp up to a maximum of a 60% of the overall profits of the farm to crystal holders.
The slower rampup to reach the maximum dividend payout is to encourage long term holders that are less emotionally affected by the market of cryptocurrency. This ensures the crystals will hold their value well, which is important to give stability in the extremely volatile cryptocurrency marketplace where emotions run high and any news causes wild swings in trading prices. A total of 300,000,000 crystals will be issued in total, over a multi-stage funding sale.
One major upside of this project that differentiates itself from other ICO's is the Foleum project has gone through the upfront work to register as a security meaning US citizens can purchase the token. The token is built on the Ethereum network using ERC20 tokens, which has proven itself in 2017 to be the single most secure yet simplistic and efficient way to raise funds and sell stakes in an upcoming business or project.
This is the beggining of a multi-part series of informative blog posts. Learn more at www.foleum.io.
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