Tag: Electroneum

Introducing Electroneum: The First British Cryptocurrency

Electroneum is a brand new British cryptocurrency launching via an Initial Coin Offering (ICO) on September 14th. Developed to be used in the mobile gaming and online gambling markets, it will be the most user-friendly cryptocurrency in the world with wallet management and coin mining all possible on a mobile app.

It wasn’t so long ago that cryptocurrencies were something that only a few tech-obsessed people understood or even knew about. But in the last two years, things have changed – Bitcoin’s sudden increase in value meant every tech-savvy entrepreneur and currency speculator wanted a piece of the action.

Since then, the cryptocurrency market has become one of the most exciting – and often lucrative – investment avenues in the world. Bitcoin has remained incredibly valuable but has seen its market share shrink as new alternatives have sprung up. What hasn’t changed, though, is how difficult these currencies are to get hold of and trade in, let alone spend anywhere.

Electroneum is the first British-developed cryptocurrency and represents a huge change of pace in the market. It’s built on its own unique blockchain (a blockchain is the underlying technology infrastructure beneath any cryptocurrency) and has been designed to dominate the mobile market.

Firstly, it is incredibly easy to manage and even mine on a mobile app. That means it’s capable of becoming the new, easy, secure way of making instant transactions from your phone – from buying mobile games, to sending money to friends, to betting on live sports. That sets it apart from any other cryptocurrencies that are near-impossible to spend or buy.

Electroneum has also increased its palatability to the average consumer by capping the total number of coins at 21 billion, moving the decimal point two places to the right when compared to Bitcoin, which is capped at 21 million. Whereas a pizza in Bitcoin might cost 0.005 BTC, with Electroneum it would be a much more ‘real money’ figure.

Richard Ells, the founder of Electroneum and experienced tech entrepreneur, said: “I don’t know if you’ve ever tried buying any Bitcoin, but it’s really hard to do! I realized that what the world needs is a cryptocurrency that is genuinely easy to access and use. We’ve developed Electroneum with the ordinary mobile user in mind.”

The currency also represents an intriguing investment opportunity for speculators. Cryptocurrency is well known to be a volatile, but lucrative market for investors – in the first half of 2016, the average return on investment for of 100 new coins launched was 357% – and Electroneum represents such a technological change that it’s already attracting a lot of attention in advance of the ICO in September.

Re-assuring investors are the fact that the currency was developed and is managed by a tight-knit, single-minded group of British developers and is therefore not likely to be subject to the internal wrangling and volatility that has plagued other currencies.

Electroneum has produced an overview white paper of the technology behind it. The company is currently raising funds to complete the launch of the currency, and the coin itself will be available for purchase from September 14th.

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What is Electroneum? ICO Review..

 

Electroneum is a kind of mobile application for accessing crypto currencies. This application permits the users to send and receive payouts and also to manage and monitor their online funds. It is easily understandable for all types of users. It can be accessed even by an ordinary user. It is being designed on a custom blockchain with a variety of special features.

Unique features of Electroneum:

-It is simple, transparent, user – friendly and easily usable in nature.
-It provides full security by offering offline wallets.
-It holds a professional team of engineers and developers with vast experience and success record.
-It focuses on the convenience of the users by allowing scanning of simple QR code.
-It ensures unlinkable transactions and untraceable payments.
-It does not need any special type of technical knowledge from the users.
-It also does not require any special hardware for the mining of crypto currencies like bitcoins (BTC) or Ethereums (ETH).
-It provides a great experience to the crypto currency miners.
-It provides an API integration that facilitates third party payments.
-It offers an unique chance to the investors and also gives several discounts to them.
-It is as best as bitcoins in the aspects of security and speed.
-It facilitates anonymous and faster transactions, which can be done even in seconds.
-It avoids hacking of wallet contents and transaction history from unauthorized users.
-It holds transaction hashes, which can be accessed easily by the public.
-It does not impose any charges for the creation of offline wallets.
-It allows bulk transfer of electroneum coins to the users’ wallets.
-It provides very quick potential returns upon the investments made by the users.
-It allows the transfer of currencies between various games and applications.
-It dominates the market of mobile currencies.
-It offers special equipments for the mining of crypto currencies.
-It can be operated at an extremely low cost on 3G/4G data.
-It makes the mining process easier with the help of an open – source mining pool software.

Bonus rates: Token Distribution:

-Percentage of bonus offered for the first week: 50%
-Percentage of bonus offered for the second week: 40%
-Percentage of bonus offered for the third week: 30%
-Percentage of bonus offered for the fourth week: 20%
-Percentage of bonus offered for the fifth week: 10%
-Percentage of bonus offered for the last week: 0%

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