What is Electroneum (ETN)?
Electroneum (ETN) is a newly formed mobile based cryptocurrency. Electroneum, built on its blockchain, has been developed with the explicit intention of gaining mass adoption via our mobile app with free mining software.
Electroneum (ETN): History
Electroneum (ETN) is created by a team of developers led by Richard Ellis, Electroneum is the very first cryptocurrency to have British origins. Some are calling this new encrypted currency revolutionary, and for good reasons. The English company developed an iOS and Android application that, not only functions as a “wallet” but also offers its users the ability to mine Electroneum from their smartphones. Electroneum’s blockchain has been improved to use over 2 billion smartphone users to help power its network. To finance the project, an ICO (Initial Coin Offering) was launched from September 14th to October 31st, 2017. With over 294,907 participants subscribing for the tokens, the ICO raised about $40 million. Estimated at a value of $0.01, Electroneum was officially released on November 1st and even has its blockchain.
How does Electroneum (ETN) work?
Electroneum is a mobile cryptocurrency that promises to enhance the accessibility of cryptocurrencies. The currency was built with the specific goal of capturing the mobile gaming and online gambling markets. It’s designed with mobile-friendliness, fast transactions, and easy micropayments in mind. Electroneum will allow users to mine the currency with the mobile app at the same time other cryptocurrencies need specialist equipment like PCs. Another key feature of Electroneum is its accessibility. The whitepaper makes several mentions about how bitcoin’s numerous decimal places discourage widespread adoption.
How to buy Electroneum (ETN)?
Cryptopia is a New Zealand based cryptocurrency exchange and also a marketplace. It is the only exchange that supports ETN at the moment. First, the user has to register in exchange website. Then you need to deposit BTC or USDT or LTC etc. to your account to start trading. For BTC the transaction needs one confirmation only, but for all other altcoins, it needs at least 20 odd confirmations. Then go to the exchange and purchase your cryptocurrency. One thing that is notable Cryptopia charges 0.2% as taker’s fee. Electroneum offers two types of wallet – the mobile wallet and an offline cold wallet. Currently, only the Android version of the mobile wallet is available.
Electroneum (ETN) price prediction 2018
ETN can be a profitable investment option. Electroneum price equal to 0.116 USD at 2018-01-19. If you buy Electroneum for 100 dollars today, you will get a total of 865.161 ETN. Based on our forecasts, a long-term increase is expected, the price prognosis for 2023-01-16 is 2.191 US Dollars. With a 5-year investment, the revenue is expected to be around +1795.14%. Your current $100 investment may be up to $1895.14 in 2022. Electroneum(ETN) price today is $0.115935 and the market cap value is $682,604,863. The volume is marked as $5,287,510 and have a current supply of 5,887,823,897 ETN. Electroneum(ETN) price, price chart, Electroneum(ETN) exchanges, Electroneum(ETN) wallets, Electroneum(ETN) mining, where to buy Electroneum(ETN) , how to buy Electroneum(ETN) , Electroneum(ETN) mining software.