Electroneum (ETN)

Welcome to our Electroneum (ETN) news page. Here you'll find some of our featured Electroneum Mining content pieces as well as all our latest Electroneum Price posts.

Looking Into The Electroneum Price (ETN Token) After Recent Mobile Mining News

Number Of Electroneum Mobile Miners Increases Highly But Price Remains Firm

Much like other cryptocurrencies available in the industry, users of Electroneum – a mobile-based cryptocurrency launched in 2017 – are somewhat dispirited with the frequency and nature of their transactions as nothing seems to have changed in recent times.

No Significant Change In Price Of Electroneum

In recent times, the Electroneum industry has experienced a few interesting events that should normally put some excitement and interest in the minds of stakeholders and investors enough to affect the price but even though there is some excitement, it’s not exactly being reflected in the price. For example, it was hoped that major changes might happen after an app for mobile mining was formally introduced. There also is the official joining of the GSMA (Global System for Mobile Communications which was initially Groupe Spécial Mobile) Advisory Board, which people applaud as a worthy step to move the cryptocurrency forward. Nevertheless, these moves seem to have little or no effect on the current market value of Electroneum.

Specifics In Electroneum Price

Electroneum lost 0.02% of its price in USD value and then advanced its worth in Bitcoin value by 0.05%. Consequently, the price seems to hang at $0.006436, an equivalent of 167 Satoshi. Notable as these changes might be, they are not exactly stimulating.

Other News Regarding Electroneum

Generally, there is considerable enthusiasm regarding Ethereum. Online, conversations are constantly being had regarding the goings-on in the Electroneum space, some expectations and in some cases, forecasts. A Twitter Crypto enthusiast with the handle @ETNstylez, has said that he is looking forward to the “face-off” between Electroneum and XRP. This might be a reference to upcoming market assessments of both cryptocurrencies.

His tweet read:

“First it was the battle between the #ETH price vs #BCH NEXT UP #LTC VS #XMR can't wait for #ETN vs #XRP.”

Therefore, one of both would increase in worth and value while the other would devalue or probably completely spiral downward. It is however extremely unlikely that Electroneum would perform better than XRP.

Another user known as Crypto Steem Man, revealed that he has been collecting significant amounts even when the market is really low. There’s a good chance that if more people do this, it could help the general state of the market.

Revealing this on Twitter, he said:

“I've been accumulating ETN for over a year. Picked up more on this last dip. I didn't see it going lower than 150 Sats so had to go in. It actually didn't go lower than 160 and looks like we are back on the way up. Keep hodling."

#buythedips#ETN#kingofalts#tothemoon

Electroneum’s Mining Application For Mobile Devices

A lot of Electroneum users are excited about crypto’s introduction of their mobile mining app. It has been confirmed that there were over 15,000 newly registered people who have shown interest since the Mobile World Congress, 2019. The current total is now about 130,559 and it seems to be climbing continuously.

Many people are however of the opinion that the apathy currently being experienced in the sector might be a better option than unnecessary unpredictability.

https://bitcoinexchangeguide.com/todays-bitcoin-btc-price-prediction-ethereum-eth-forecast-ripple-xrp-analysis-and-bch-outlook/


How To Mine Electroneum - Safe Smart Phone GPU Mining Setup?

Electroneum, which launched on November 1, is a new digital currency with a unique mining system. One of the cool parts about Electroneum is that you can mine the currency from your phone.

The goal of Electroneum is to bring mining to the 99% of the world that doesn’t own server farms and miners. It wants to bring mining to the general public.

But is any of this legitimate? Can you really mine Electroneum from your phone and make real money? Today, we’re explaining everything you need to know about how to mine Electroneum.

Mining Electroneum On Your Phone

Electroneum has a mobile app available for Android. You can download that mobile app from the Google Play Store for free.

You download the app, create an account (or login with Facebook), create an Electroneum wallet and a PIN, then begin mining.

Android mining began on November 1, 2017.

The app also has a mining game where you can increase the number of coins you receive. The game is designed to teach people more about mining, then encourage them to setup their full miners on their computer.

In terms of power and data usage, Electroneum hasn’t been very specific about its requirements. However, the data usage was designed to make Electroneum’s app a viable option for those in developing parts of the world. Ideally, you’ll have an unlimited data plan or you’ll run Electroneum on Wi-Fi at all times.

Mining Electroneum On Desktop Computers

In addition to smartphone mining, Electroneum makes it easy to mine from your PC or Mac. You can download the PC and Mac Electroneum miners from the Electroneum.com site (note: only the PC software is officially available, although a Mac version appears to be available on Github for advanced users).

These miners work like other desktop mining programs. However, they’re designed to be easy for beginners to use – similar to the rest of Electroneum.

You download and install the desktop software, then move through the walkthrough. You’ll enter your ETN wallet address. The software automatically chooses your pool region, mining port, and the number of threads. Then, you click the big green “Start Mining” button.

From there, you can view your mining activity as part of the Electroneum mining pool. You can also view other members of the pool, including their hashrates and the types of computers they’re using.

Can You Actually Make Money With Electroneum Mining?

Ultimately, a cryptocurrency that’s mineable using any smartphone sounds like a great idea – but there’s a big issue. The issue is that if a smartphone can profitably mine Electroneum, then a high-end miner can mine the cryptocurrency even more efficiently.

Based on what we can see online, a handful of people were able to make money by immediately mining Electroneum after launch on November 1. These people earned hundreds of coins during the first few days – but have made 0 coins since then.

There are also some reports online that your phone doesn’t really mine at all, and that Electroneum’s mobile app is just a gamification system to encourage you to install the desktop software.

Others claim their app wasn’t able to mine at all after launch. Since the launch on November 1, these people are leading the charge of calling Electroneum a scam.

We’ll hold off on calling Electroneum a scam for now. However, there does seem to be some confusion about the November 1 launch.

How To Mine Electroneum Conclusion

Ultimately, Electroneum is still in the very early days of launch. The ICO began on September 14, and the mining was scheduled to begin on November 1. Based on reports online, users’ experiences have been mixed so far.

Nevertheless, Electroneum has legitimate mining software in place, and the currency is actively listed on multiple exchanges, where it’s currently traded at a price of around $0.10. You can download the software for Android or Windows today.


Electroneum (ETN) Token Investors Making the Case for Coinbase Listing

Will Electroneum (ETN) Get Added to Coinbase

Coinbase, one of the largest crypto exchange platforms in the world, also functions as a mark of excellence for new cryptocurrencies – getting listed on this platform gives cryptocurrencies more credibility.

Electroneum (ETN) is set to become one of the newest cryptocurrencies to feature on Coinbase, and there are several good reasons behind this. Here is an insight into some of these reasons:

ETN Complies With KYC Standards

Cryptocurrencies are designed to solve underlying problems that challenge fiat currencies. To this end, stakeholders expect any cryptocurrency’s founders to know their clients intimately as this nurtures trust and helps prevent fraud. To this end, Coinbase has a Know Your Client (KYC) standard that each of its listings has to meet.

Electroneum has developed from a concept to a growing movement seeking to cater to the developing world’s mobile users. It has a lot of information on this and has set up bases around the world in a bid to keep in touch with its potential customer base.

ETN Is Compliant With The Law

Concerns have been raised concerning the security of cryptocurrencies. To this end, crypto exchange sites such as Coinbase are required to meet certain legal requirements. In turn, they require cryptocurrencies listed on their platforms to meet certain legal and operational requirements as well.

Electroneum is built on a factual business model that is expected to grow into a vast market in the near future. To this end, it would contribute positively to Coinbase’s legal operations including anti-money laundering laws. In fact, ETN may climb up the ranks to become one of the most notable cryptocurrencies on the platform and even in the industry as a whole.

ETN Is Easy to Upgrade and Scale

Electroneum is venturing into a market that has at least 350 million potential customers. It will need to be scalable and upgradable if it hopes to keep up with the numerous challenges and additional requirements that may come up over time. This is catered for in several approaches including enabling customers to mine ETN coins through their phones, easing transactions, and integrating API and e-POS systems, among others.

Coinbase requires that all cryptocurrencies listed on its platform be scalable and easy to upgrade. This ensures that the coins can pay for their future bills and easily overcome any challenges that may compromise users’ experience.

ETN Has a Large Market of Potential Customers

Electroneum was founded with the ultimate goal of making the digital market easily accessible to smartphone users in the developing world. This will in turn help to alleviate poverty and expedite development by presenting an alternative financial system to these nations.

It is estimated that there are over 350 million people using smartphones in the developing world, and Electroneum is poised to carve out a fraction of this market. The company already has over 2.5 million users from all over the world. However, its analysts estimate that it may attract as many as 100 million customers over time as it expands its services. What’s more, Price Waterhouse Coopers estimates that the company could unlock a market potentially worth over $3 trillion.

Considering all the financial opportunities available to Electroneum, Coinbase will be more than glad to list it on its platform as this may help expand its customer base and boost liquidity.


Electroneum (ETN) Cryptocurrency Blockchain Project Turns 1, Celebrates Its First Birthday

This November 15th had marked the first anniversary of Electroneum (ETN). In this year the currency had a meteoric rise and currently is the 55th biggest cryptocurrency with a market cap of $95 million and a 24-hour trading volume of $563,180. Their rise was so sudden that just within two months of their launch, their market cap was approaching $1billion market cap.

Electroneum has coined the phrase 'enablement currency' as it is going to enable a new 3 trillion dollar market (Price Waterhouse Coopers predicts this market to be as large as USD 3 trillion in their 2017 Global Fintech Report) by allowing over 350m smartphone users in the developing world to enter the digital market for the first time. They have a global patent pending on a technology that allows instant cryptocurrency payments. Instant payments will initially be in ETN but the patent also covers Bitcoin and other cryptocurrencies.

The ability to spend ETN instantly is only half the equation. Additionally, they are developing an API that will allow easy integration to accept ETN instantly. This means it will be simple to allow an e-commerce system to give instant check out, and even allow easy integration into ePOS systems.

Their economic model enables them to inject small amounts of ETN into the hands of the smartphone user. This makes it easier for the user to try making real-world digital payments, often for their first time. Their Android app is already fully operational in 20 languages.

Timeline of Electroneum

  • In July 2017, Electroneum Ltd is formed and officially takes control of the Electroneum project.
  • On September 14th, 2017, ICO opens and is set to run until 1st November 2017. ETN Priced at $0.01c (USD)
  • 20th October 2017, ICO closes early due to reaching $40m hard cap.
  • 1st November 2017 HackerOne (US Dept. Defence) engaged to audit Electroneum's security.
  • 12th December 2017 Agreement signed with Hong Kong Joy Telecom Co., Limited increasing total potential reach by 2m users.
  • 13th December 2017 Electroneum's wallet manager officially launched an Android app released in 20 languages.
  • 9th January 2018 Agreement signed with Xius taking mobile user reach to 65m users.
  • 11th January 2018 Ask the community for BETA testers for a mobile miner. 45,000 detailed applications in 72 hours. Launched BETA Android mobile miner.
  • 17th January 2018 First cryptocurrency to join the GSMA as a member. Invited to appear at Mobile World Congress 2018 in Barcelona.
  • 18th January 2018 Signed Agreements with Effortel (5m user reach), Fanfare (1m user reach) and BMedia (20m user reach) bringing the total user reach to 91m users.
  • 19th January 2018 HitBTC (top 10 global exchange) confirm will be listing Electroneum.
  • 22nd January 2018 765,000 live ETN users. Over $750m (USD) of ETN traded in first 40 days.
  • 31st January 2018 Mobile miner app enabled for 20,000 beta testers. Agreement signed with redONE increasing total potential reach by 1m users.
  • 7th February 2018 Agreement signed with WEBS AND APPS SDN BHD increasing total potential reach by 3m users.
  • 23rd February 2018 Agreement signed with Unified taking mobile user reach to 130m users.
  • 27th February 2018 Rich joining a panel discussion at Mobile World Congress 2018 Barcelona.
  • 5th March 2018 Android Mobile Miner launched.
  • 13th March 2018 ETN listed on KuCoin.
  • 16th March 2018 ETN listed on Bitbns and CoinSpot (Ability to trade in fiat currency).
  • 6th April 2018 Instant cryptocurrency payments patent pending secured (1805708.3).
  • 29th May 2018 1.5 Million Registered Users.
  • 30th May 2018 ETN upgrades blockchain network to handle larger volumes of transactions.
  • 7th June 2018 Film crew at the office making a new documentary about cryptocurrencies.
  • 12th June 2018 Richard speaks at BCI Summit New York.
  • 15th June 2018 Agreement signed with Mobile Streams to promote the use of ETN on their Mobile gaming service.

    In the near future, Electroneum has ambitions to reach 3 million live users, launch an instant payment system, launch vendor API, Community app and a gig economy website.

    It is currently being traded at $0.011 according to CoinMarketCap.

Conclusion

In the near future, Electroneum has ambitions to reach 3 million live users, launch an instant payment system, launch vendor API, Community app and a gig economy website.

It is currently being traded at $0.011 according to CoinMarketCap

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