Electroneum (ETN): The hidden gem of crypto markets


#1

Electroneum is a very peculiar blockchain and currency (ETN) which is currently ranked at 108 with a modest 47 million USD in market capitalization. Electroneum doesn’t get a lot of attention from the average crypto-enthusiasts but maybe it should because it’s probably the one coin that is aimed more clearly and strongly towards mass adoption instead of wealth storage or speculative investments. These numbers do not seem very impressive for sure, but this is an asset that has been around for fewer than eleven months so far, and it’s managed to survive at a time in which every cryptocurrency has had a tough time.

The first unique feature in Electroneum is that it’s designed from scratch to be 100% mobile. It’s meant to be used and carried in mobile phones, and even the mining is done in cell phones, tablets and other portable devices using an app you can download from the usual two sites from Apple and [Google]

The project aims to achieve global mass adoption by providing tangible, cheap, safe and easy to use technologies from any cell phone in the world that runs the app which became available last March and it’s available in twenty languages if your phone is compatible.

Let’s dig deeper into Electoneum’s goals.

Enablement currency

They coined this phrase. This project wants to create a currency that available for use, and that’s so easy to use that you don’t need to be a crypto enthusiast (which usually means a high degree of literacy in digital technologies) thus turning the 350 millions of mobile users in the world in potential users. The organization claims 1.6 million users so far, and they boast to be growing virally at faster rates than Facebook or Twitter.

Instant Cryptocurrency Payments

Another problem Electroneum wants to solve is instant cryptocurrency payments. At this stage, all payments must be settled by using ETC (the project’s own token) which somehow limits its usefulness. The project claims to be almost ready to release a global payment system based on a worldwide patent (that is still pending) developed by them.

The plan is to have their users mine some ETN every day so that they can have coins to spend. Then, the next step is to make it very easy to integrate into ETN payment systems so that those tokens can be accepted instantly.

Convenient mining process

If you’ve ever tried to mine any cryptocurrency (most famously BTC) then you know that becoming a miner is exceedingly hard as it takes expertise, and lots of resources (energy, hardware, fast internet speeds). Electronium’s idea is to be the opposite. This is the only digital asset that you can mine by just installing an app. That’s it, that’s enough for your phone to get you a small amount of ETN every day.

The idea behind this economic model is to gain adoption quickly, primarily by users that would never be interested in entering the arcane world of crypto and mastering the more delicate points in mining, blockchains, decentralized networks, etc.

The token is at $0.006 as I write this article and some enthusiasts expect it to go as high as a dollar sometime soon.

Electroneumis a very original and well-thought project that aims to become really useful as quickly as digitally possible. As such, is worth it to pay some attention to it because, in the end, the best assets will be those that do solve real-life problems.

Source: GlobalCoin Report

Read more at http://globalcoinreport.com/electroneum-etn-hidden-crypto-gem/


#2

Good article 100% agree. We are hidden DIAMOND :diamonds:


#3

Awesome article @MSystem ! :sunglasses:


#4

“Electroneum - the world’s most used digital currency.”

Very SOON the world will wake up to that headline on #BBC News, #Yahoo Finance, #SABC News in South Africa of course lool, #China TV, #India TV, #The Wall Street Journal, #CNBC, #Metro FM, #Ukhozi FM, #BBC Radio, #Sunday Times, etc. etc. etc. Mass adoption here we come! :newspaper::iphone::calling::mega::satellite::loudspeaker::tv::radio::chart_with_upwards_trend:


#5

I will say this is the most exciting transfer of wealth to the third world we will ever see. I am extremely excited for the future.


#6

Thanks for new tags to my tweet - sometimes I am out of the ideas how to get better viral grow for our lovely ETN project


#7

You’re welcome brother…we are all together in this and it’s all solely intended for the growth of our Electroneum project. #ETN Community.


#8

Thanks we are :bow_and_arrow: :bow_and_arrow: :bow_and_arrow:


#9

I knew it was a gem from day one. So when there were difficulties at launch, delays and other things Richard was patient and transparent in what he was doing. That won me over and I really appreciated how excited he was with what they were doing. Like a big kid at a carnival fair. The team worked hard and I have shared in that progress purely as a spectator / investor but I equate it to watching your favorite sports team winning a game. A couple of fist pumps and a silly grin on my face because I am happy knowing ETN is and will continue to do well. It’s like having the math answers before the test. I can’t say enough about ETN to my friends. I should be some sort of spokesperson for them. LOL!!! Ladies and gentlemen the friendly Canadian will now demonstrate why ETN will be so successful. Followed by a Happy Dance and pure enthusiasm for the project. We will all do well because of his vision and the hard work of everyone on his team. Really what more could we ask for? Some ETN loot maybe … now that would be over the moon! Truth is I already have the mug, a sweatshirt, maybe time to start thinking about what my next ETN purchase will be? Ideas anyone??? - The Happy Canadian