Cryptocurrencies form a broad landscape. There is an innumerable number of them that exist in the market but only a few of them have the characteristics of a reliable cryptocurrency, which is safety and ease of use. So it is imperative that people know which ones these are.
Electroneum is one of these currencies built on blockchain technology. It claims itself to be that perfect Mobile Cryptocurrency set up for bulk adoption. It intends to achieve this by making it simple for smartphone users to buy and trade Electroneum. Basically, it does this by making it easy for non-experts to join the fad with just a few taps.
It features an app that lets you buy as well as mine the cryptocurrency. The app also has an in-built wallet to stock Electroneum coins mined from the smartphone of the user. It also expedites microtransactions such as buying mobile games, paying for the apps, transferring money, etc.
Moreover, the recent spotlight it has gained for its milestones in social and economic fronts has proved its enthusiasm in the industry. The company recently made a successful stride with AnyTask, a freelance marketplace platform. The platform has undergone two successful stages of testing and is ready for the launch. It is to go live for the BETA launch before January ends.
Besides, it is also volunteering on social fronts, as is clear from its partnership with the WONDER Foundation. It is endeavoring to help women and girls from Africa as well as India with another chance at life by providing them better education and overall physical and mental development with this partnership. This will help Electroneum make lasting impacts on some precious lives around the globe.
The Electroneum ICO was launched in September 2017 and was closed early due to$40 million hard cap. Today it owns a capitalization worth $ 0.141 billion while being touted to be the first British cryptocurrency.
Since then, it has been competent enough to garner interest from investors due to its mobile mining features.
It is expected to do well on the pricing front too due to the easy interface it provides to the non-technical app users. Moreover, it is a coin of privacy and has a huge following on Facebook as well as some other platforms. This makes it easy for it to garner mass interest and adoption.
Moreover, Electroneum has a team of experienced and dutiful teams operating the show. The company also keeps its investors updated about its objectives and its roadmap of success. The mobile-friendliness it offers has already given the firm a gateway to attain a mass user base. Approximately 765,000 ETN users were live in January 2018 while the number is only increasing.
The company has also made great progress by listing itself on some major cryptocurrency exchanges. But platforms like Binance, Poloniex, and Bittrex are still to be covered. But these are the trade-offs that will be met with time and would lead to Electroneum being a part of the core investment strategies of millions.
As a user, before making any form of investments, gauge how well the mobile miner of a currency is doing. Check if your currency looks technically equipped and devoid of issues. If everything looks good, you can go ahead and make the big move. Bottomline of trading cryptocurrencies, never fail to research and educate yourself.