I don't understand of this project. Foleumio is revoluzing blockchain technology
but using of the ethereum platform to create a tokens?
Hi liuka, we understand the confusion. We've updated the announcement post to reflect that. We believe the Ethereum platform will help us in our vision. Bitcoin and other Blockchain technology are revolutionizing the world as we know it but unfortunately, there are some inherent setbacks. The amount of energy it takes to power a blockchain mining network is staggering and has a huge environmental impact using traditional energy sources.
We plan to generate the majority of our own power using GREEN hybrid technologies. Using our own power will greatly reduce operational costs making it more profitable than traditionally-powered mining operations while helping to reduce the blockchain carbon footprint on the planet. In fact, we believe that Foleum 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.
Check out our
Whitepaper for more details about the project, the technology, and the token sale. Hope this answer's your question!
