Topic: [ANN][ICO] ⚡ Electroneum ⚡ Token Sale Sept 14th Mobile Mining Crypto Coin - page 227. (Read 315206 times)

I think the Electroneum technical team is not competent enough: that's a bunch of junior PHP programmer.

Given how shitty PHP as a programming language is, , and given the juniority of the team I really doubt if Electroneum could do what they claim: scale onto hundred millions of phones.

Fresh update from Richard this morning on Telegram:

So i have sent a few more mBTC but obviously they'll take their time to verify.
Now i do ask myself: Will the bonus be added once the transaction is completed? Meaning i would miss those 30% coz there's no way i'll get them thru in just under 15min. (Sent them like 2h ago tho).

we are close to reach the billion ETN sold!!!!

Number of Token Sale Users

34,812
Users
Total Electroneum Sold

940,387,510
ETN
Total ETH Raised

11,556.2685
ETH
Total BTC Raised

848.3289
BTC

Hi guys,

I hope I can help anyone who is interested in this ICO with this post!

Why did I invest in electroneum?

1) I think the CEO Richard is a marketing genius:

By using "Duncan Logan as a backup for electroneum" on the website he increased the trust of the potential investors. They also set the number of total coins to 21 billion instead of bitcoins 21 million. The concept that the unsold coins are added to a pool for the mobile mining is short-term diluting the number of coins in circulation, but in the long run, it helps to increase the user base. The fact, that ETN coins are normal numbers instead of bitcoins decimal numbers. And at last, the ICO itself is very very easy!

2) 3 different groups who will be attracted to mine the coin

The concept of mining coins via a mobile is totally new and will attract a lot of new people to electroneum. A lot of people who heard from tech savvy friends about bitcoins are going to be very curious and try it out. Furthermore, I can see the youth (10-18 years old) mining their pocket money (and maybe their parents are getting curious too lol). People who live in developed countries will mine via mobile and try to make a side job with it (3-5$ is in some countries a lot of money). The last group will be investors who believe that longterm the coin will be worth much more than the 1 cent (The first people who mined bitcoin did pretty well). All this will give electroneum publicity in magazines and news.

3) The fact that you can transfer your electroneum easy with the help of your phone number similar to WhatsApp is awesome! People who can´t sell their coins via an exchange can transfer it easily to someone who can do it for them (or sell it to someone cheaper than the rate of the exchanges, transfer it to that person and that person can make money via himself selling it at the exchanges)

4) Plenty of usability for electroneum
The company will start in the gaming industry (You can cash out your virtual currency in a game by exchanging it to electroneum, afterward you can buy with the electroneum new virtual currency in another game). Once a couple of gaming companies using electroneum and the people like the concept, the other companies have no choice but to integrate the coin also. After the gaming industry, the company will target the gambling industry (people who don´t have a bank account can use electroneum to use gambling platforms and if they win transfer it to someone who has a bank account and get cash for it).

Conclusion: I think this ICO will NOT make huge gains straight after the 1 of November, because of the high supply of the coins. But it has huge long-term potential due to the ability to get to the average Joe. My gut feeling tells me that electroneum is going to be listed right after Bitcoin and Ethereum with a price target of 1$ to 3$ by the end of 2018!