Buy FOAM
What is FOAM?
FOAM is a decentralised platform built on the Ethereum blockchain aimed at creating a secure and verifiable system for location-based services. It focuses on enhancing trust and reducing vulnerabilities in geospatial data management by introducing a consensus-driven approach to mapping the world.
How does FOAM work?
FOAM operates using a "Proof of Location" consensus mechanism, which is designed to provide a trustworthy method of verifying and managing location data. This involves a geospatial consensus protocol and the use of crypto-spatial coordinates to ensure accurate data verification. The platform also employs smart contracts to manage staking and safety deposits, and incentivises participation through spatially weighted mining rewards.
What are the potential use cases for FOAM?
FOAM has a broad range of potential applications, including:
- Mobility and Transportation: Tracking and fraud prevention for mobility services and autonomous vehicles.
- Geospatial Data Verification: Verification within decentralised data markets.
- Gaming and Entertainment: Applications that require secure, real-world location data.
- Supply Chain Transparency: Enhancing transparency and efficiency in supply chain management.
- IoT and Smart Cities: Secure location verification for IoT applications.
- Location Intelligence: Providing trusted data for industries like real estate.
What is the history of FOAM?
FOAM was established with the publication of its whitepaper on May 1, 2018, outlining its vision for a decentralised geospatial data protocol. The project has developed over time to integrate various spatial protocols and standards that enhance geospatial data management on blockchains, solidifying its presence within the realm of crypto-based geospatial services.
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Frequently Asked Questions (FAQs)
What is the current price of FOAM (FOAM)?
The FOAM price is $0.00157018 AUD, representing a +0.11% from the day prior.
Where is the best place to buy FOAM (FOAM) in Australia?
The best place to buy FOAM (FOAM) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell FOAM (FOAM) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of FOAM (FOAM)?
The trading volume of FOAM (FOAM) is $24 AUD in the last 24hrs, representing a +0.11% from the day prior.
How can I buy FOAM (FOAM)?
FOAM (FOAM) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of FOAM (FOAM)?
The current market cap of FOAM (FOAM) is $548.3K AUD.
Can I convert FOAM (FOAM) to cash?
Yes - With Coinstash you can convert your FOAM (FOAM) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many FOAM (FOAM) are there?
The current circulating supply of FOAM (FOAM) is 355.4M.
Is Coinstash a safe place to buy FOAM (FOAM) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling FOAM (FOAM) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.