What is Electroneum? How it Work?

By Alessandro Sciacchitano | Criptoita | 14 Mar 2020

Created by by Richard Ells in November 2017, Electroneum is a cryptocurrency which has as its primary objective to be a solution for payments based on mobile devices are run by ETN .

As you can read on the home, the ETNs represent a store of value can be used to purchase everyday items, from bread and milk to the phone cards.

When used with mobile application Electroneum , users can transfer ETN to anyone in an instant, whether in person or remotely.

1.7 billion people have no access to a bank account

We need a new era of digital payments in order to unlock the global economy for more than 1.7 billion people without bank accounts around the world. We have developed an ecosystem of revolutionary digital payments that will allow anyone to cash, digital send and receive funds via smartphone without requiring a bank account.

That is substantially above the motto of the project Electroneum , which therefore aims to allow even those who live in less developed countries, to be able to make payments throughout the world, without having precendentemente as written, a bank account.

The History of Electroneum

The Electroneum ICO took place in 2017 and has had some success, managing to raise about $ 40 billion in less than two months.

As a result of a hacker attack that has slowed the development of the project, the source code has been completely revised, and coming out on the market as a criptovalute Monero fork.

ETN also was the first to adopt cryptocurrency the KYC and AML occurs.

The ETN cryptocurrency features

At the time of writing Electroneum has the following characteristics:

Maximum Available: 21 billion of ETN units
Price : 0.003860 cents Market Cap : 37,767,569 dollars
Rank : 98 The highest price ever: USD 0.236234 ( 02/11/2017)
Price as Low as always: USD 0.003642 (04/06/2019)

How to Earn Free ETNs each month

Through the mobile application Electroneum you can earn monthly free ETN .

The application is infinitely simple and intuitive app consists of a mining cloud, so basically you will participate to undermine ETN but will not use any resources of your phone.

The process called Cloud Mining is an activity that rewards users with free ETNs each month.

Users are able to mine up to $ 3 USD ETN each month, which can be deposited or spent at any retailer that accepts ETN.

The registration process is to enter and confirm an E-Mail address and then take a selfie to show that you are not a bot, to do this you will immediately receive 25 ETN .

From now on, you can immediately start the Cloud Mining and start earning ETN free .

Following Simply enter once a day in the app to extend the mining activities in terms of time, this process is necessary to keep active mining cloud.

Payment is to achieve 100 ETN , from personal experience I tested the 'app and seems to be able to mine about 5 ETN day.

How to get extra ETN?

In order to obtain additional ETN there are two ways:

the first is to submit a report key, going in the section of the app More> Generate other ETN> Insert Code. This will allow you to get a 1% increase over the whole mining you log in.
The second method is to make known the App and clearly give your report key, getting a 5% bonus on what will be undermined.

If you want to use a report key and gain of '1% bonus, you can use the following 2336BC

Download the app Electroneum

The app is available for both Android and iOS:

Conclusions

I must say that the 'app as I have written above is very simple and takes very little time to be managed.

From personal experience mining the cloud can create basic, so no extra due to the initial presentation signaling code or a referral reports, over 5 ETN a day, which means about 150 monthly ETN, then 1800 annually.

At the current value of Electroneum probably it is not that great ', but ETN besides being very young, has already seen a peak of .236234 cents, so in 1800 ETN free Annual Base could be worth even 425 dollars.

Article Source: