Would this product be good for painting the basement floor?

Contrary to popular belief, a basement floor should allow moisture to evaporate into the room rather than trapping it below the surface. The improper use of vapor barriers can create mold problems. The best type of materials for basement floor would be 100% water proof, non-absorbent and inorganic. The properties of these materials will minimize the possibility for mold to grow on it. Materials such as vinyl sheets, linoleum, rubber floors, Epoxy and other sealants do nothing to prevent the ground water from infiltrating the slab through capillary action. The best type of basement flooring should allow the moisture to evaporate into the room rather than trapping it below the surface.