FOAM Token (FOA) has a mission to build a consensus-driven map of the world, empowering a fully decentralized web3 economy with verifiable location data. FOAM incentivizes the infrastructure needed for privacy-preserving and fraud-proof location verification. The starting point for FOAM is the FOAM Map, where a community of Cartographers curate geographic Points of Interest on the FOAM map. Through global community-driven efforts, FOAM’s proof of location protocol aims to enable a permissionless and privacy-preserving network of radio beacons that is independent of external centralized sources and capable of providing secure location verification services.
As of November 21, 2020, FOA has been delisted from Bitfinex. While withdrawals remain open until December 04, 2020, at 12:00 AM UTC, trading and deposits will cease by November 23, 2020, at 12:00 PM UTC.