INTRO
Electroneum is the first cryptocurrency designed around mobile ubiquity. It is designed for the estimated 2 billion smart phone users around the world and with mobile mining, easy transfers, online and offline Wallets.
Electroneum is a currency that will allow anyone easy access to a cryptocurrency regardless of technical ability. With just few minutes of installing the mobile app any user can see Electroneum and can have unique mobile mining experience. Easier to mine and easier to understand . Almost all cryptocurrencies are “mined” with specialist equipment. Electroneum can be obtained via the mobilemining experience on the app. Electroneum has developed a fully functioning crypto coin with some very unique features and has identified multiple markets and created a free Apple and Android app that allows Electroneum to start penetrating those markets from day one after the token sale. Electroneum uniqueness is this that it is more accessible and more understandable for the average person and has great security and anonymity of the leading crypto coins but it’s controlled by a free, easy to install app, which gives user instant access to Electroneum with no card details or ID’s.
What is Cryptocurrency ? A brief explanation.
A cryptocurrency is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency. Cryptocurrencies are classified as a subset of digital curriencies and are also classified as a subset of alternative currencies and virtual currencies. Bitcoin is the first cryptocurrency designed and is very demanded cryptocurrency now a days and till now more than 800 alternative currencies ( also known as altcoins) are now existing in market and Ethereum is very popular among atlcoins. Let’s clear it much more by the following simplified real live examples,
Money is a way of storing your hard work in a convenient way to exchange for someone else’s hard work. We’re so used to money in its modern day form that we don’t spend much time thinking about it as a concept. Modern fiat currency (Fiat currency is legal tender whose value is backed by the government that issued it. The U.S. dollar is fiat money, as are the euro and many other major world currencies. This approach differs from money whose value is underpinned by some physical good such as gold or silver, called commodity money) such as the US Dollar and the Great British Pound are based on trust. These traditional currencies are no longer backed by anything except trust.
Trust works well in very large, stable, economies, however most of the world is made up of poor countries with less stable economies. When a government is short of money, it is awfully tempting to print. The concept of a cryptocurrency is not just a way to transfer money between people, it is an entirely new way of thinking about money.
Electroneum: What’s the attraction for investors ?
Electroneum is a new, easy to access cryptocurrency, will appeal to regular people in larger numbers than we’ve seen with existing crypto-currencies such as Bitcoin and Ethereum. Electroneum will have great appeal for:
• Long-term investors. Those who wish to buy and hold Electroneum for its future value.
• Digital coin speculators. Those looking to acquire Electroneum coins and sell them to other investors and speculators to generate short term gains.
The Electroneum Crowdsale Token Sale.
Electroneum is raising funds via a token sale. Allowing investors a
chance to purchase Electroneum in advance of it being listed on the
various exchanges.Electroneum will be holding its token sale on September 14th, 2017. The token sale will run until the initial coin block has been taken up or October 31st 2017. There will be a total of (6.3 billion) Electroneum coins available for $0.01 US Cent each at the offering and payment must be
made in Bitcoin, Ethereum or USD International Bank Transfer.
Electroneum has set up a bonus structure to reward those who choose to invest early. Bonus details are in the following table.
Investor can participate in Electroneum Token sale and Electroneum coins will be available to investors before the general public. Investors will be able to purchase Electroneum coins in one of three ways:
- With Bitcoin
- With Ethereum
- By Bank Transfer
Electroneum Market Context.
The two markets that Electroneum is focusing attention on are:
- Computer games
- Gambling
Electroneum has focused research and attention on these two huge potential markets for the use of Electroneum and let’s take a brief view on these two markets.
1: Computer Gaming Industry
There are over 2.2 billion gamers and computer games industry has
grown steadily year on year and is variously predicted to reach between US $90 billion and US $128 billion by 2020 and Electroneum plan on changing the way gamers (computer game players) and game companies work together
during the constant migration of gamers to what’s new and exciting. It will also Benefit the gaming companies.
2: Gaming (gambling market)
This is a big contrast from the number of people with bank accounts, and there are hundreds of millions of people who have internet access but no bank account (2.2 billion people have no bank account). These people could enjoy the digital gaming market if they could obtain Bitcoin but Electroneum solves this problem by allowing the accumulation of funds by mobile mining, which means it could be used for gaming. Winnings can be paid back to the users wallet address, allowing them to play and carry out other transactions in Electroneum. The gaming company profit in Electroneum will be exchangeable by the gaming company into USD via a digital asset exchange like Poloniex, Bittrex, Kraken.
The Team behind Electroneum
The team behind Electroneum is an experienced team of software developers lead by Richard Ells. Mr. Richard Ells has a successful history of building digital businesses. He founded a successful digital agency which is still running today and recently in 2013 he founded Retortal.com .The Retortal software is daily used by hundreds of thousands of people and Retortal Ltd is valued at $50m USD. Richard Ells has gathered a team of 40 developers and created social media management platform, used by global fortune 500 companies such as Herbalife and Avon.
For more information, Please visit http://www.electroneum.com/