ICO date: 28.05.2018 - 01.11.2018

Foluem is a mining startup that uses renewable energy sources to cut down mining cost.

Please note that this ICO is rather unorthodox and the dates we mention in the sale duration are approximate. There are five stages that last 45-60 days, depending on when do they sell out. The team state they want to conduct ICO a new way, but this novelty raises suspicion.

How it works:

Foleum is a community driven mining project that aims to generate the majority of power for mining, using green technologies. The company’s bigger aim is to create a future with sustainable energy use.

Foleum uses customised mining equipment and sources of solar and wind energy to ensure the most efficient mining possible. Using both of them allows to produce up to 19% more energy than solar energy alone. The algorithms they use are going to switch from one cryptocurrency to another to maximise the profits.

FOL holders have a voice and a stake at the project. Up to 60% of the income is paid out daily, 40% is reinvested. A reinvestment this big is going to ensure rapid growth. Token holders can vote to steer the project in a certain direction, including which charity to transfer the charity fund to.


Foleum is not the first project to use solar energy for mining crypto. Nor does it show any significant advantages in comparison with its rival, Helios .

Innovation score: Medium

Token value:

FOL token gives its holders a right for a stake at the company and a right to vote for major decisions. 60% of income is distributed among token holders on daily basis. This makes FOL a good long term investment, if the project succeeds.

Token value score: High

White paper:

The white paper gives an overview of the project, explains what benefits does using green energy provide, comments on the technology and other details of the project.

White paper score: Medium


Starting from 2017 the company has been making partnerships with mining equipment developers and green energy companies, as well as looking for a suitable piece of land. In the second quarter of 2018 the company will start preparing the land they bought for construction. The construction will start in the third quarter of the year.

After installing mining rigs in the end of 2018, the data center will become operational.

Roadmap score: Medium

Business model:

Business model is not defined in the white paper. The company will be selling mining equipment for third parties, and probably will take a cut from the profits. Marketing strategy is not mentioned either.

Business model score: Medium


The company’s CEO helped to build three blockchain mining data centers, including the one that is largest in operation as of today. CBO is an experienced business owner with more than 30 years of experience in the building industry. CTO is a Cyber Security expert with more than 10 years of experience, who worked for U.S. Navy. Foleum’s CFO has been providing legal and financial services for over 40 years.

The advisory board includes a CEO of an ICO consulting company, a venture capital partner at Stradling Yocca Carlson & Rauth and a man, who has over 15 years of experience in accounting and finance.

Team score: High


Foleum competes with mining solutions that offer income to investors. These are centralised mining facilities as well as decentralised fog computing platforms. Helios poses direct competition, as it is also a green energy based mining startup, but it offers a bigger percentage of payouts to the investors.

Competitors score: Medium

Overall thoughts:

Foleum has a strong team, but the idea they are implementing is rather generic and involves construction, which increases the risk factor of the project.

Furthermore, the project’s innovation in the way of conducting ICO involves not having set dates for it, which raises suspicion. This is a risky investment.

Whitepaper: Whitepaper

Overall Score


3.7 / 5

Risk score




ICO start date: 28.05.2018
ICO end date: 01.11.2018
Soft cap: 2,400,000 USD
Hard cap: 81,900,000 USD


Ticker: FOL
Token price in USD: 0,5
Bonus Program:

Early Adopter Stage 1 Sale 60%

Early Adopter Stage 2 Sale, 50%

Early Adopter Stage 3 Sale. 40%

Lot 1 20%


ICO Platform: No
Country Limitations: in USA accredited investors only
Registration Country: USA