The concept offered by the Foleum project is essentially a to offer buyers of the token, or cyrstals as they're referred to in the white paper, an equity share of a alternative-energy powered mining business. Token holders get to enjoy a share of the profits which increases from 15 to 60 percent after staking for a year, a fairly strong incentive to hodl. The team consists mainly of older guys, but they have a lot of experience in technology and engineering and promise a commitment to sustainability and conscientious business practice. I asked the team if they would be able to sustain any period without profit to which they replied that they've secured electric rates and equipment at a low enough rate that nearly every other mining business would go under before the Foleum project would come close to lacking profitable mining ventures. They also mentioned that a diverse set of coins will be mined and this will be adjusted over time.
As of now the sale is only open to accredited investors unfortunately. However, the plan includes a public offering to retail investors pending SEC approval at a later date. You can register on their website at https://www.foleum.io/
