Part 1/2
FOAM
Website: foam.space
Telegram: https://t.me/foamspace
Whitepaper: https://www.foam.space/publicAssets/FOAM_Whitepaper.pdf
Github: https://github.com/f-o-a-m/
- FOAM is an open protocol for decentralized, geospatial data markets. It aims to build a consensus driven map of the world which is meant to be censorship resistant and based off of crypto-economic incentives and rewards.
- Two main players in real world mapping are Google Maps and OpenStreetMap (OSM). Google Map Maker is a closed system where all of the information you submit becomes property of Google. On the other hand, OSM is using a Wikipedia-like model to create free, editable maps of the world made entirely by voluntary efforts. There is no ownership in OSM, but using the blockchain FOAM wants to introduce value and means to reward contributors and incentivize both providers and users of the system. OSM is for example being used by Craigslist, OsmAnd, Geocaching, MapQuest Open, JMP statistical software, Foursquare and partially Apple.
- Token utility:
a) The FOAM Token Curated Registry unlocks mapping in a secure and permissionless fashion and allows locations to be ranked and maintained by token balances. Users can deposit FOAM Tokens into POIs (Points of Interest) on the map to increase attention those POIs might receive. More info: https://blog.foam.space/foam-main-net-preview-token-curated-registries-for-geographic-points-of-interest-af3f0eba5cee
b) Signaling is a mechanism designed to allow Cartographers to incentivize the expansion and geographic coverage of the FOAM network. To Signal, a Cartographer stakes FOAM Tokens to a Signaling smart contract by reference to a particular area. These staked tokens serve as indicators of demand, and are proportionate to (i) the length of time staking (the earlier, the better), and (ii) the number of tokens staked (the less well-served areas, the better).
c) Be rewarded for their own efforts with new FOAM Tokens in the form of mining rewards. Devices and real world contracts can be programmed to designate attestations and track interactions and transactions on the map. With the addition of necessary radio hardware (LPWAN) by individual users, it may be possible for location status to be proved in a different manner. Location could be proved through a time synchronization protocol that would ensure continuity of a distributed clock, whereby specialized hardware could synchronize nodes’ clocks over radio to provide location services in a given area.
- FOAM hopes to foster an ecosystem of applications in an array of verticals to potentially benefit immensely from secure verified location data that can be used to prevent fraud. Potential use cases are supply chain, energy markets, real estates, location based games,... Spatial Index & Visualizer along with the CSC enables anyone to build an application around the FOAM proof of location protocol or independantly for their own needs.
Product: The Spatial Index & Visualizer is currently in beta. You can test it out at https://beta.foam.space.
- Mainnet with Signaling and Static Proof of Location will be launched within a month after the token sale. This is a true utility token as all FOAM Token purchasers must prove their use of the FOAM Token upon receipt of their FOAM Tokens to be able to unlock them. Token holders can do this through either of the two initial utilities: (i) staking to a TCR, or (i) staking to the Signal smart contract on the Spatial Index.
- The token sale has a hard cap of $24 million and a soft cap of $15 million. These metrics will be priced in Ether at the time of the token sale.
— CONTINUES IN NEXT POST —
FOAM
Website: foam.space
Telegram: https://t.me/foamspace
Whitepaper: https://www.foam.space/publicAssets/FOAM_Whitepaper.pdf
Github: https://github.com/f-o-a-m/
- FOAM is an open protocol for decentralized, geospatial data markets. It aims to build a consensus driven map of the world which is meant to be censorship resistant and based off of crypto-economic incentives and rewards.
- Two main players in real world mapping are Google Maps and OpenStreetMap (OSM). Google Map Maker is a closed system where all of the information you submit becomes property of Google. On the other hand, OSM is using a Wikipedia-like model to create free, editable maps of the world made entirely by voluntary efforts. There is no ownership in OSM, but using the blockchain FOAM wants to introduce value and means to reward contributors and incentivize both providers and users of the system. OSM is for example being used by Craigslist, OsmAnd, Geocaching, MapQuest Open, JMP statistical software, Foursquare and partially Apple.
- Token utility:
a) The FOAM Token Curated Registry unlocks mapping in a secure and permissionless fashion and allows locations to be ranked and maintained by token balances. Users can deposit FOAM Tokens into POIs (Points of Interest) on the map to increase attention those POIs might receive. More info: https://blog.foam.space/foam-main-net-preview-token-curated-registries-for-geographic-points-of-interest-af3f0eba5cee
b) Signaling is a mechanism designed to allow Cartographers to incentivize the expansion and geographic coverage of the FOAM network. To Signal, a Cartographer stakes FOAM Tokens to a Signaling smart contract by reference to a particular area. These staked tokens serve as indicators of demand, and are proportionate to (i) the length of time staking (the earlier, the better), and (ii) the number of tokens staked (the less well-served areas, the better).
c) Be rewarded for their own efforts with new FOAM Tokens in the form of mining rewards. Devices and real world contracts can be programmed to designate attestations and track interactions and transactions on the map. With the addition of necessary radio hardware (LPWAN) by individual users, it may be possible for location status to be proved in a different manner. Location could be proved through a time synchronization protocol that would ensure continuity of a distributed clock, whereby specialized hardware could synchronize nodes’ clocks over radio to provide location services in a given area.
- FOAM hopes to foster an ecosystem of applications in an array of verticals to potentially benefit immensely from secure verified location data that can be used to prevent fraud. Potential use cases are supply chain, energy markets, real estates, location based games,... Spatial Index & Visualizer along with the CSC enables anyone to build an application around the FOAM proof of location protocol or independantly for their own needs.
Product: The Spatial Index & Visualizer is currently in beta. You can test it out at https://beta.foam.space.
- Mainnet with Signaling and Static Proof of Location will be launched within a month after the token sale. This is a true utility token as all FOAM Token purchasers must prove their use of the FOAM Token upon receipt of their FOAM Tokens to be able to unlock them. Token holders can do this through either of the two initial utilities: (i) staking to a TCR, or (i) staking to the Signal smart contract on the Spatial Index.
- The token sale has a hard cap of $24 million and a soft cap of $15 million. These metrics will be priced in Ether at the time of the token sale.
— CONTINUES IN NEXT POST —
Telegram
FOAM Protocol Community
Welcome to the official FOAM Protocol Telegram! 📍🌍🔲⛓🕘 📡🗺
Website: https://foam.space
Announcements: https://t.me/Foamprotocol
Website: https://foam.space
Announcements: https://t.me/Foamprotocol
— CONTINUES FROM PREVIOUS POST —
Part 2/2
FOAM
Website: foam.space
Telegram: https://t.me/foamspace
Whitepaper: https://www.foam.space/publicAssets/FOAM_Whitepaper.pdf
Github: https://github.com/f-o-a-m/
- 25% of the token supply is for Advisors, Partners, Employees, Founders and a Reserve for grants and a foundation. 30% of the FOAM Token supply will be sold to purchasers. 25% of the FOAM Token supply is set aside for compensatory purposes, and 10% will be allocated to a Reserve intended for grants to developers, or other purposes related to use of the FOAM protocol. 35% of the supply is for the mining rewards to Zone anchors.
- 10 person team, 4 engineers, including some formerly involved in Blockapps, Consensys, OSM and others. Most of the team is connected to Blockapps which is a company incubated out of Consensys in 2015 to develop blockchain-as-a-service platform on the market. The rest are connected with urban development and architecture. BlockTower (Ari Paul) are investing, and FOAM joined the Ethereum Enterprise Alliance. However, we would like to see more business and crypto connected people and advisors.
- For better or for worse, FOAM is not a project that will rely on fake hype, dodgy marketing and Quarkchain level of tricks. They are a serious goal orientated blokchain based project (and opposite of 99% of ICOs out there). Mainnet is a starting with the token sale, there are no bonuses, and to unlock tokens you need to use them. Is this the beginning of a new era and a higher standard of ICOs, or a remnant of a time passed by (FOAM was founded in 2015) remains to be seen.
Part 2/2
FOAM
Website: foam.space
Telegram: https://t.me/foamspace
Whitepaper: https://www.foam.space/publicAssets/FOAM_Whitepaper.pdf
Github: https://github.com/f-o-a-m/
- 25% of the token supply is for Advisors, Partners, Employees, Founders and a Reserve for grants and a foundation. 30% of the FOAM Token supply will be sold to purchasers. 25% of the FOAM Token supply is set aside for compensatory purposes, and 10% will be allocated to a Reserve intended for grants to developers, or other purposes related to use of the FOAM protocol. 35% of the supply is for the mining rewards to Zone anchors.
- 10 person team, 4 engineers, including some formerly involved in Blockapps, Consensys, OSM and others. Most of the team is connected to Blockapps which is a company incubated out of Consensys in 2015 to develop blockchain-as-a-service platform on the market. The rest are connected with urban development and architecture. BlockTower (Ari Paul) are investing, and FOAM joined the Ethereum Enterprise Alliance. However, we would like to see more business and crypto connected people and advisors.
- For better or for worse, FOAM is not a project that will rely on fake hype, dodgy marketing and Quarkchain level of tricks. They are a serious goal orientated blokchain based project (and opposite of 99% of ICOs out there). Mainnet is a starting with the token sale, there are no bonuses, and to unlock tokens you need to use them. Is this the beginning of a new era and a higher standard of ICOs, or a remnant of a time passed by (FOAM was founded in 2015) remains to be seen.
Telegram
FOAM Protocol Community
Welcome to the official FOAM Protocol Telegram! 📍🌍🔲⛓🕘 📡🗺
Website: https://foam.space
Announcements: https://t.me/Foamprotocol
Website: https://foam.space
Announcements: https://t.me/Foamprotocol
This Is How Easy It Is to Buy ICO Ratings — An Investigation
Newcomers and inexperienced investors are especially trusting ICO rating platforms when looking for information for their investment decisions. However, many rating platforms long ago earned a dubious reputation amongst industry experts. There is constant suspicion that the expert ratings they provide are in no way independent, but can rather be purchased by ICOs. However, is it really so simple to buy ICO ratings and, in so doing, deceive investors? We went in search of clues — with frightening results.
https://medium.com/alethena/this-is-how-easy-it-is-to-buy-ico-ratings-an-investigation-13d07e987394
Newcomers and inexperienced investors are especially trusting ICO rating platforms when looking for information for their investment decisions. However, many rating platforms long ago earned a dubious reputation amongst industry experts. There is constant suspicion that the expert ratings they provide are in no way independent, but can rather be purchased by ICOs. However, is it really so simple to buy ICO ratings and, in so doing, deceive investors? We went in search of clues — with frightening results.
https://medium.com/alethena/this-is-how-easy-it-is-to-buy-ico-ratings-an-investigation-13d07e987394
Medium
This Is How Easy It Is to Buy ICO Ratings — An Investigation
Newcomers and inexperienced investors are especially trusting ICO rating platforms when looking for information for their investment…
DADI UPDATE
A cloud platform, with the goal of building a fairer internet, has made its mainnet live — allowing its growing suite of network-ready applications to offer faster and more secure hosting services for websites, APIs, apps and e-commerce stores.
https://cointelegraph.com/news/decentralized-cloud-platform-launches-mainnet-in-challenge-to-big-four-market-leaders
A cloud platform, with the goal of building a fairer internet, has made its mainnet live — allowing its growing suite of network-ready applications to offer faster and more secure hosting services for websites, APIs, apps and e-commerce stores.
https://cointelegraph.com/news/decentralized-cloud-platform-launches-mainnet-in-challenge-to-big-four-market-leaders
Cointelegraph
Decentralized Cloud Platform Launches Mainnet in Challenge to ‘Big Four’ Market Leaders
A decentralized cloud platform’s mainnet has gone live, with the organization vowing to shift the balance of computational power away from large corporations.
Forwarded from Bear Smells
"Crypto gains are better, I don't trade boomer stuff"
INVESTING IS ABOUT EVERYTHING. If you have a favorite, you are doing this ALL WRONG. Your favorite method of trading and investing is not up to you, it is WHATEVER IS THE BEST AT THE CURRENT MOMENT.
There are ways to make money everywhere, at any time. FOMO is an illusion. There are always more opportunities, so open your eyes, expand your mind, wipe that chip off of your shoulder and start studying global economics so you GATHER INFORMATION to CONVERT INTO KNOWLEDGE so you can then invest in new markets to GAIN EXPERIENCE in order to make mistakes and LEARN FROM THEM so you can BUILD WISDOM.
Take a moment, and count up the hours you spend researching and trading crypto. Now multiply that amount of hours by 1 week, 1 month, 1 year, and than multiply that number by your current salary. THAT IS HOW MUCH TIME AND MONEY YOU ARE SPENDING. If you are going to dedicate that much time to this, THEN DIVERSIFY YOUR MIND and study up on HOW THE WORLD WORKS.
Study global politics, ETFs, index funds, hedge funds, venture capital firms, historical days in the markets, options trading, futures, real estate, life insurance, child's education funds, building credit, leveraging debt but also minimizing it depending on the situation, forex, commodities, YOU GET THE POINT.
If you want to sit there and say "Cryptocurrency is going to replace everything and banks will be destroyed and decentralization will take over blah blah blah" then you are LIVING IN A FAIRY TALE. The world is still trying to figure out how to even define these new technological terms and they're having an even harder time regulating it.
This is still very early, so are you gonna sit there and waste time reading ICOs and scanning charts only to find out that over 20% of everything you look at is a scam, have a jolly ol' good time.
Say cryptocurrency EXPLODES right now and we all get tons of money.
Then what? What is your next plan after that? How much % are you hedging with? What % are you taking out? What % is now going into new investments, and which ones? How will rising global conflicts affect crypto? How could a potential economic crisis affect crypto if literally everything crashes? What happens if you get rich and your exchange gets hacked, but you went all in and now have 0 savings to pay for your car that just broke down?
Kooz can keep going, but bear is going to spend his time absorbing information, converting it into knowledge, trying new investments for experience, and using that experience to build wisdom.
What are you gonna do?
INVESTING IS ABOUT EVERYTHING. If you have a favorite, you are doing this ALL WRONG. Your favorite method of trading and investing is not up to you, it is WHATEVER IS THE BEST AT THE CURRENT MOMENT.
There are ways to make money everywhere, at any time. FOMO is an illusion. There are always more opportunities, so open your eyes, expand your mind, wipe that chip off of your shoulder and start studying global economics so you GATHER INFORMATION to CONVERT INTO KNOWLEDGE so you can then invest in new markets to GAIN EXPERIENCE in order to make mistakes and LEARN FROM THEM so you can BUILD WISDOM.
Take a moment, and count up the hours you spend researching and trading crypto. Now multiply that amount of hours by 1 week, 1 month, 1 year, and than multiply that number by your current salary. THAT IS HOW MUCH TIME AND MONEY YOU ARE SPENDING. If you are going to dedicate that much time to this, THEN DIVERSIFY YOUR MIND and study up on HOW THE WORLD WORKS.
Study global politics, ETFs, index funds, hedge funds, venture capital firms, historical days in the markets, options trading, futures, real estate, life insurance, child's education funds, building credit, leveraging debt but also minimizing it depending on the situation, forex, commodities, YOU GET THE POINT.
If you want to sit there and say "Cryptocurrency is going to replace everything and banks will be destroyed and decentralization will take over blah blah blah" then you are LIVING IN A FAIRY TALE. The world is still trying to figure out how to even define these new technological terms and they're having an even harder time regulating it.
This is still very early, so are you gonna sit there and waste time reading ICOs and scanning charts only to find out that over 20% of everything you look at is a scam, have a jolly ol' good time.
Say cryptocurrency EXPLODES right now and we all get tons of money.
Then what? What is your next plan after that? How much % are you hedging with? What % are you taking out? What % is now going into new investments, and which ones? How will rising global conflicts affect crypto? How could a potential economic crisis affect crypto if literally everything crashes? What happens if you get rich and your exchange gets hacked, but you went all in and now have 0 savings to pay for your car that just broke down?
Kooz can keep going, but bear is going to spend his time absorbing information, converting it into knowledge, trying new investments for experience, and using that experience to build wisdom.
What are you gonna do?
Understanding blockchain series: Delegated Proof of Stake (DPoS)
https://medium.com/loom-network/understanding-blockchain-fundamentals-part-3-delegated-proof-of-stake-b385a6b92ef
https://medium.com/loom-network/understanding-blockchain-fundamentals-part-3-delegated-proof-of-stake-b385a6b92ef
Medium
Understanding Blockchain Fundamentals, Part 3: Delegated Proof of Stake
Articles in this Understanding Blockchain Fundamentals series:
China and Blockchain Technology: An Introduction
China has developed an international reputation for being opposed to blockchain technology and crypto-assets in government, enterprises, startups, and investment.
Articles conflate cryptocurrencies with blockchain, and do not understand that actions against cryptocurrency do not mean actions against blockchain technology.
Understanding that China’s restrictions on certain aspects of blockchain technology are not unique to the country, how do we explain the prevalent international prejudice of China as a country not friendly towards blockchain development?
https://media.consensys.net/china-and-blockchain-technology-an-introduction-9e12adf9fd52
China has developed an international reputation for being opposed to blockchain technology and crypto-assets in government, enterprises, startups, and investment.
Articles conflate cryptocurrencies with blockchain, and do not understand that actions against cryptocurrency do not mean actions against blockchain technology.
Understanding that China’s restrictions on certain aspects of blockchain technology are not unique to the country, how do we explain the prevalent international prejudice of China as a country not friendly towards blockchain development?
https://media.consensys.net/china-and-blockchain-technology-an-introduction-9e12adf9fd52
Medium
China and Blockchain Technology: An Introduction
This is the first post in a short series where we explore the past, present, and future of China’s implementation of and approach to…
Essentia Presale ETH Peg Update:
Due to the confusion generated in these hours, we are here to kindly inform you that the presale allocation has been distributed correctly accordingly by the SAFT that every single contributor signed.
Within that SAFT agreement that every presale contributors signed there is a clause stating specifically that “ If the difference of the ETHUSD rate for any of the participant will be higher than 5% from the day of the contribution to the day before the public sale, all the prices for all the partecipants will be pegged at the average of ETHUSD of the day before the ICO starts.” This was done to protect contributors from volatility. In the case your private sale would’ve been pegged at 400$ per ETH, and then the contributors on the public sale would be pegged at 800$ due to ETH price increase, the bonus for private sale would’ve been essentially gone and diluted if this rule wasn’t in place in the agreement.
Unfortunately not many people paid attention to it, due to the strong FOMO and willingness to get in, resulting in a great deal of confusion when the tokens distributed.
Essentia aim was never the one to create confusion in its people and in its community. Essentia never could imagine so much confusion over something agreed between both parties: them and the contributor(s).
We feel to all this misunderstanding, and a very bad reaction from the community that we never wish to see again, Essentia decided to offer presale contributors only TOTAL EXCLUSIVITY with free Super nodes, with daily token mining and incentives, in the system of Supernodes/Block Producers over the Essentia Galaxy, in implementation and launching soon in testnet (A galaxy of different nodes with different functions for all the Essentia network).
Only private contributors will get these nodes for free, EXCLUSIVELY, acting similarly as block producer on EOS as to make an example.
Source: Essentia telegram
Due to the confusion generated in these hours, we are here to kindly inform you that the presale allocation has been distributed correctly accordingly by the SAFT that every single contributor signed.
Within that SAFT agreement that every presale contributors signed there is a clause stating specifically that “ If the difference of the ETHUSD rate for any of the participant will be higher than 5% from the day of the contribution to the day before the public sale, all the prices for all the partecipants will be pegged at the average of ETHUSD of the day before the ICO starts.” This was done to protect contributors from volatility. In the case your private sale would’ve been pegged at 400$ per ETH, and then the contributors on the public sale would be pegged at 800$ due to ETH price increase, the bonus for private sale would’ve been essentially gone and diluted if this rule wasn’t in place in the agreement.
Unfortunately not many people paid attention to it, due to the strong FOMO and willingness to get in, resulting in a great deal of confusion when the tokens distributed.
Essentia aim was never the one to create confusion in its people and in its community. Essentia never could imagine so much confusion over something agreed between both parties: them and the contributor(s).
We feel to all this misunderstanding, and a very bad reaction from the community that we never wish to see again, Essentia decided to offer presale contributors only TOTAL EXCLUSIVITY with free Super nodes, with daily token mining and incentives, in the system of Supernodes/Block Producers over the Essentia Galaxy, in implementation and launching soon in testnet (A galaxy of different nodes with different functions for all the Essentia network).
Only private contributors will get these nodes for free, EXCLUSIVELY, acting similarly as block producer on EOS as to make an example.
Source: Essentia telegram
Huobi US strategic partner HBUS (www.hbus.com) launched today
A regulated, compliant, and trustworthy marketplace to trade virtual currency.
Only US users with valid US address are accepted.
A regulated, compliant, and trustworthy marketplace to trade virtual currency.
Only US users with valid US address are accepted.
Crypto exchange and U.S. strategic partner of Huobi, HBUS, has announced today it will begin new user registrations of U.S. citizens.
The marketplace will go live on July 10 and they have a promotional offer for users who sign up before July 9. The launch was originally planned for June 15, but was delayed due to high demand. HBUS has emphasized that all employees have been trained and examined on Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) standards.
San Francisco-based HBUS will begin new user registrations of U.S. citizens with deposits open from July 6. Users will be able to deposit nine cryptocurrencies including BTC, BCH, ETH, and ranked #128 by market cap, Civic (CVC). They will support two stablecoins: Tether (USDT) and True USD (TUSD).
https://www.newsbtc.com/2018/07/06/huobi-partnered-exchange-hbus-opens-to-us-citizens/
The marketplace will go live on July 10 and they have a promotional offer for users who sign up before July 9. The launch was originally planned for June 15, but was delayed due to high demand. HBUS has emphasized that all employees have been trained and examined on Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) standards.
San Francisco-based HBUS will begin new user registrations of U.S. citizens with deposits open from July 6. Users will be able to deposit nine cryptocurrencies including BTC, BCH, ETH, and ranked #128 by market cap, Civic (CVC). They will support two stablecoins: Tether (USDT) and True USD (TUSD).
https://www.newsbtc.com/2018/07/06/huobi-partnered-exchange-hbus-opens-to-us-citizens/
NewsBTC
Huobi-Partnered Exchange HBUS Opens to US Citizens | NewsBTC
Crypto exchange and U.S. strategic partner of Huobi, HBUS, has announced today it will begin new user registrations of U.S. citizens. Following a recent Crypto exchange and US partner of Huobi, HBUS, said it will begin new user registrations of US citizens.…
Vitalik Buterin's presentation:
Transaction fee economics
Or, why is the fee/gasprice/rent so darn high?
https://vitalik.ca/files/Transaction%20fee%20economics.pdf
Transaction fee economics
Or, why is the fee/gasprice/rent so darn high?
https://vitalik.ca/files/Transaction%20fee%20economics.pdf
Known Physical Bitcoin Attacks
"Gang of 10 robbed two brothers of AED 7m ($1.9m) in cash who were looking to buy Bitcoin"
"Crypto investor has face mutilated, robbed of $1M in BTC"
https://github.com/jlopp/physical-bitcoin-attacks/blob/master/README.md
"Gang of 10 robbed two brothers of AED 7m ($1.9m) in cash who were looking to buy Bitcoin"
"Crypto investor has face mutilated, robbed of $1M in BTC"
https://github.com/jlopp/physical-bitcoin-attacks/blob/master/README.md
GitHub
physical-bitcoin-attacks/README.md at master · jlopp/physical-bitcoin-attacks
A list of known attacks against Bitcoin / crypto asset owning entities that occurred in meatspace. - jlopp/physical-bitcoin-attacks
“What’s up with the Tangle?”
Response by Lewis Freiberg - Head of Ecosystem at IOTA
https://medium.com/@lewisfreiberg/whats-up-with-the-tangle-d825c692e7a8
Response by Lewis Freiberg - Head of Ecosystem at IOTA
https://medium.com/@lewisfreiberg/whats-up-with-the-tangle-d825c692e7a8
Medium
“What’s up with the Tangle?”
This is a common question on our Discord and here on Reddit. Questions about the state of the Tangle usually stem from the way it is…