Topic: [ANN][ICO] ⚡ Electroneum ⚡ Token Sale Sept 14th Mobile Mining Crypto Coin - page 40. (Read 315177 times)

Thanks, I got it Electroneum team premined 60% of all coins for themselves. Sorry better will go and mine another crypto... Do not like (avoid) premine and instamine.

Electroneum team: you will find the info if you read the paper and previous comments - hint: "mobile-mining simulation payment pool"

Before start mining Electroneum, am I right that there is 60% (12,6 bln from 21 bln coins) premine (instamine) in the 1st block?



If yes, who are the owners of that 60% premined (instamined) coins?

Hmm, need to do some more reading on this one.

What will you do in the case that you need to do some repairs to an investment?

There is no windows wallet?
Only mobile?

FYI - Electroneum Facebook Page update (from 21 minutes ago):

"Moon out window. Red bull, coke, coffee. It's 5.46am here and we are nearly there! We've been coding all night (again!) We're now running up a huge number of virtual servers (amazon instances) to re run a check on every blockchain transaction. We have the code all in place. Again, my apologies for the delay, but I assure you we've been working our butts off on this. We'll leave the check running (will take a few hours) while we grab a few hours sleep and then we'll get back into the office and carry out the final round of testing - all code is in place - but we need to thoroughly test everything."

Because people are fucking stupid and buy anything with a fancy website

This project sounds very ambitious

How big is the marketing budget overall and has there been any headway made yet in establishing partnerships with any of the major brands Amazon, Alibaba, Google, or Facebook?

I got a good launch when Fluffy Pony tweeted out his private messages of the Dev asking him for help, since they copied his code.  lol

I agree. $1 for this coin with all the 21 BILLION coins in circulation is likely not to happen very soon (especilaly since the coins will take time to be mined).
$10 is stupid.


But...
As for the NUMBERS, they speak by themselves, and here's my vision:

A- SUPPLY
1- XRP has 38 BILLION coins circulating and a max supply of 100 Billion (will be mined/released over time)
2- ETN has 5 Billion circulating and a max supply of 21 Billion (5x less than XRP). As for XRP, the max supply will be mined overtime.

B- VALUE
Let's speak about marketcap.
XRP is a $7.8Billion juggernaut. Overpriced imho, and most of the experts I know do not consider it as a good investment as it may keep is value at best.
My take: XRP tries to sell something to their own worst enemy: banks.
At best they manage to do something and the coin goes x2... at worst Banks try to kill them (no wonder they went from banking solutions to interbank payments solutions and now deal with the country feds)
That said... let's speak about ETN.

When ALL the coins will be mined, ETN may be a juggernaut weighting $20Billion, maybe 5x more as we speak about something that may happen in 3-5 or even 10 years. We could see $1 per token, but it's gonna be in a long time (and $1 may not be worth a lot LOL)... It's not interesting talking about that now.

What matters is the market valuation TODAY... or in a few months at least:

My take: I hear that ETN could be the new NEO for Europe. It's a different coin, NEO does spart contracts and is very specific generating GAS etc...

Imho, ETN is to be compared to OMG
Existing company, crypto-for-the-masses. OMG is in SE Asia and ETN in the UK/Europe. Comparable economies in size and diversity (albeit EU has more stable and simple regulations)
As a result, as I believe OMG can reach $1.2 Billion again (post BTC shitforks), I also do believe that ETN can reach $1.2 Billion in market cap.
I even believe that ETN may reach a slightly higher figure, probably $2Billion, and sooner than OMG. Simply because the EU market is more open than SE Asia, and has less competition from China and Japan. ETN is on a green field.
Moreover, their pseudo-mobile mining system, even if not 100% real mobile mining, is a great way to general mass acceptance. And this is very smart.

C- Price per TOKEN

Let's table on 6Billion coins for the calculations (a crazy round up to the current 5 Billion to talk into account some mining... it kills sterile discussions in the egg regarding the number of coins that can be generated in months...)
Let's imagine $1.2 Billion market cap for ETN, post fork, after a couple announcements and some partnerships to some

--> $0.2 per coin is the right figure imho. It's the support number for me.

Optimistically, I do believe that, with some hype, and especially a lower circ. supply than 6Bill, ETN can be traded for around $0.25 to $0.30 in the future.


That's for figures guys. Happy to talk, but bring solid figures please.

This price is still x4 ICO price.

Price is dropping because the site shows they are coming back without certainty when, if you are a late comer and still believe this project has a future, this is a good time to buy very cheap, if after a week there's no good update yet expect this project to go down to 1 sat

okay seriously, how did you raise funds for a XMR fork with no wallet ui ?

The project look really nice, and also I've checking on the bounty site announcement, that is really interesting, it has a huge amount of nominal that are allocated for the campaign.
Good luck dev

I like your project and inverting. Because i want success

it there a GPU pool?
i get 6 video card to miner it

check again.

Many people are fed up with ETN coin still holding in companies website only. Still, we cannot move those tokens to the exchanges, for listing in exchanges it always takes time so we have to wait where the price of ETN will settles.

I do agree with you at some point but the true reason behind this mess is that they hire amateur developers who really doesn't uderstand blockchain especially cryptonote.
Pursue one of the current/previous devs of bytecoin or fork then electroneum problem is solved. This company assembled so many devs that really dont know anything about the core code.

heck. look at this mess.

If you are going to be angry at anyone, be angry at the greedy miners who dumped the tokens and brought the price down. Had they held on to the tokens instead of dumping them for a quick profit, we would all be better off.