Topic: [ANN][ICO] ⚡ Electroneum ⚡ Token Sale Sept 14th Mobile Mining Crypto Coin - page 228. (Read 315206 times)

I guess there's none but i do saw/read some ICO that is using the smartphone/androidphones as a mining rig, but it's some kind of a game that you have to play to mine some coins.

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!

If I helped you with your decision to invest in electroneum please use this referral code which leads you straight to the official website of electroneum and gives you an additional 1% bonus:
https://my.electroneum.com/join/933F28

 

do u have link to your github page?

Hey. Tell me, how many dollars should the developers collect according to plan?

Hello! I downloaded the mobile application, when I try to enter requires PIN code. Where can I get the PIN code?

Its increasing every minute and I hope they will raise another 1k ETH before their 30% bonus offer goes off. Hopefully, it will reach 1k BTC by the end of its sale.

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

Anyone else preparing to set up a smart-phone mining rig? 

Yes, Electroneum does stack up very well!!

I did research and compared it with competitors, the project does not have any significant competitors in the mobile environment and so on, very deep analysis
https://www.youtube.com/watch?v=cXbWmG9XJDU&feature=youtu.be

It takes as much power as a wikipedia page to load. It just measures the processing power available on the phone and uses that measurement to allocate coins. It doesnt actually use the phones power to mine.

Those mining on home computers are powering the blockchain, so those mining on their cell phones dont have to.

6 Billion coins are available for sale in the ICO

The other 15 Billion are for mining

The unsold coins from the ICO go back in to be mined as well.

First ICO I have participated in. This project looks promising and I hope it takes off! Mining on mobiles is cool as long as it doesn't kill the battery in 5min!

This is interesting. I´m in!

November the 1st via the official app for smartphones and using your mining rig/PC. It is still in the ICO stage at the moment.

How and when will users be able to start mining the coin?

they mentioned 2 exchanges: 1. shit yobit  2.cryptopia

I can't wait to see the mass adoption and make this a world wide coin ! probably many people will sell in the beginning, i don't mind i will hold (probably forever)

Thanks for this but is there a plan to list the coin on exchanges right after the ICO?

https://bitcointalksearch.org/topic/m.22078268