ETNads: Legit Electroneum (ETN) Cryptocurrency Advertising Platform
Today we will review a new site that let you get cryptocurrencies: ETNads. This is not actually an investment site but a site focused on advertising that let the users earn tokens by participating.
Is this a really good investment or is it a scam? If you want to discover whether ETNads is a scam or not, you have come to the right blog.
What Is ETNads?
ETNads is a targeted advertising platform that pays affiliates with crypto. The whole idea is to lead users into becoming affiliates (you have to pay a fee for that) and to buy ETN tokens.
Then, you will be able to use the advertising services offered by the company.
What Are ETN Tokens?
ETN tokens are in the center of this company. The site, despite being focused on advertising, barely says anything about it, it is all about the Electroneum tokens (ETN). You need to pay at least $7 USD for 1,000 ETN tokens, which will enable you to use the services from the company.
A comparison with Bitcoin is made on the site saying that a single ETN token costs less than BTC costed when it was created and that if the prices to go at least 50 cents per token, you will basically become rich for having invested in the company before.
In order to get the tokens you need to buy them directly or to become an affiliate and convince other people to buy the tokens, which will net you a referral commission.
Is ETNads A Good Investment Or A Scam?
This company has a lousy strategy for investment. ETN tokens will never be worth anything. We have serious doubts that the price will ever go up from the current $0.007345 USD per token to even 5 cents per token, much less 50.
Why? Because this is not how the crypto market works. Bitcoin was innovative and unique. We have seen plenty of copycats and scammers back in 2017 and this is just what they look like. Nobody cares about ETN tokens. Nobody will ever trade them, only the big tokens can actually get any real traction.
Without a real market (as advertising is relegated), it looks like the actual product of the company is simply to be a Ponzi scam. More people will buy worthless tokens because you will get more worthless tokens if they enter the game. It looks like something even worse than general Ponzi schemes because people are not even being properly paid, they are receiving useless tokens instead.
Also, there is a chance that the tokens do not even exist at all on a real distributed ledger technology (also known as blockchain) because you can’t ever take them away from the company or trade them anywhere.
The ETNads Verdict
While we are not sure that we can call this necessarily a scam, the site is a huge red flag for all the reasons we cited.
You should avoid sites that promise unreal returns like this one. There is no way that ETN tokens will ever be the new Bitcoin because this is just not how things work. Look for another investment instead of this one.