This post is review post on Electroneum Review-ETN ICO coin offering.
probably you have seen our previous post and information about digital currency or cryptocurrency. You may know about bitcoins and Ethereum, today we will see about new E-currency.In this blog, we will see a new cryptocurrency known As Electroneum the mobile cryptocurrency.
As we all know that people who invested some amount of money in Bitcoins are getting a lot in return for it. All this type of cryptocurrency is raised up in this modern era of investment.
so let’s start Electroneum Review.
What is Electroneum?
The latest and the biggest cryptocurrency launched in this year is Electroneum- The first British cryptocurrency. The founder of this latest crypto is Richard Ells. He promoted this mobile cryptocurrency as a user-friendly mining app. It can be used by an ordinary mobile user.
It has been built on its separate blockchain. Electroneum has its own mobile application for managing the cryptocurrencies. It has been observed that it is a bit hard to understand the bitcoins or the other digital currencies to buy/sell or mining by the normal users. So that why this mobile cryptocurrency is come to play a role in it. It is easier to understand for the normal user. You can buy or sell your currency or you can track your transaction by the application itself.
How does Electroneum Work?
As the makers of Electroneum observed that most of the world is connected by mobile. Most of the people carry a smartphone with themselves. Electroneum came under the Existence to create a smart power network by using smartphones. As you know the other cryptocurrencies are mined by the several types of equipment- like PCs with multiple GPU’s.
Electroneum gives the power to the user to mine this currency by the mobile app itself. The company will release the IOS and the android app on October 31st, 2017, one day after the token sale. It will consist of two digits after decimal because it has a 21 billion total supply of coins as compared to Bitcoin’s 21 million. It means it will show a price label as something 17.30 Electroneum.
How to buy or mine Electroneum?
To mine this cryptocurrency you don’t need equipment like expensive rig etc. In this new type of cryptocurrency, you can mine within the application only. You can install this app from play store for Android smartphones and for the apple and iPad you can download it from the apple store. It says that you can start mining the currency instantly, and also even if the app is running in the background still you will be able to gain the coins. It has been promised by the developers that the app will come with little bandwidth so it will be easy and will be cheap to mine for the user and it won’t require any technical help.
You can buy Electroneum from the official site or the mobile application. You can exchange Electroneum with other cryptocurrencies or fiat currency.
Features of Electroneum
- First of all, it is user-friendly and provides full offline security.
- A normal user can use it on the 3G/4G network also. It does not require a high-speed internet connection.
- It will dominate the market of mobile currencies as it offers special equipment for mining within the App itself.
- You can exchange the currency for various games and applications. As it is separated into two main marketing targets. First is Gaming that is for computer gamers. The retention rate of multiplayer online games after the first 30 days is just 20%. They’ll be targeting this market so that gamers can use the new virtual currency to transfer some of their earnings to new games by monetizing their in-game
- The second main target is gaming (The gambling market). There are many gaming companies that accept bitcoins as a payment method. Though it is hard to invest in bitcoins so it will play a big role in this. As it is mined from the mobile app itself so it can be used for gaming and winners can then be paid back by the user’s wallet.
- It allows bulk transfer
- It avoids hacking of your wallet and transaction history from the hackers.
- You don’t have to pay any extra charges for making offline wallets.
- It is comparatively same as bitcoins as related to security and speed.
- It doesn’t require any hardware rig to mine like for the BTC and ETH.
- Percentage of bonus offered for the
- -first week: 50%
-second week: 40%
-third week: 30%
-fourth week: 20%
-fifth week: 10%
-last week: 0%
Why should you invest?
Because it is very easy to use and user-friendly for the average user as compared to Bitcoins (BTC) and Ethereum (ETH). It may be profitable to invest in Electroneum just like bitcoins.The team behind this currency has a very powerful and successive history and probably registered British company.
This cryptocurrency built on the original Bitcoin Blockchain Technology. We all know that they have a solid team behind this holding a great track record. They claim that they have already developed a wide range of technical support by having a mining system built in the app itself that runs from your smartphone.
The high token supply may be an issue but their point of making the crypto payment similar to FIAT with a 2 decimal point. I don’t think so it will make any big difference. We all crypto investors are hoping this year to be the biggest year of ICO’s.
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