We are excited to kick off the Onchain Summit today in San Francisco and announce that the FOAM Token, MVP, smart contracts, Hostel webapp and Zone anchors are now live on Base!

Zones are being deployed onchain, starting with San Francisco ad Brooklyn. Users can Prove their Location by minting a Presence Claim over Radio with the Cycloid hardware wallet.

The first batch of Cycloids will be available for sale at the Onchain Summit with a general presale to follow. Stay tuned for the launch of Zone Anchors so you can bring FOAM network coverage to your area and send Ethereum transactions over radio!

FOAM Token: 0x6059d0ed9368c36941514d2864fD114a84853d5a

Hostel: hostel-base.foam.space

FOAM is a Proof of Location technology for applications needing secure location services. It enables a handshake between the location service providers and the user, proving the user’s location. Terrestrial radios and time-of-flight algorithms are used to perform localizations, and digital signatures ensure the location data cannot be spoofed. The system is completely independent of satellite-based location services like GPS.