What is electroneum


[translated by my own post in portuguese]

What is electroneum?

Electroneum (ETN) is a cryptocurrency created in 2017 for mass adoption to bring people who don't know blockchain technology into this world.

Global vision

Analyzing the global socioeconomic conjuncture, it can be noted that about 1.7 billion people do not have a bank account, along with that there is a difficulty regarding digital payments, the electroneum comes with the proposal to facilitate this process with its own blockchain network. This allows anyone to easily transact this cryptocurrency and assist in simple everyday life processes such as recharging the mobile phone.

The group behind the project is focusing mainly on emerging countries with high development potential (such as South Africa and Brazil) to share the idea. In these countries they have already established key partnerships, such as Claro in Brazil, which serves about one third of Population

Potential and benefits of electroneum


In terms of use in real life the potential of electroneum is unlimited and can be used in all areas of negotiation and purchase / sale of products.

Currently electroneum has 3 million registered users and has a market capitalization of just over $ 40 million (according to the coin market cap), which means it still has a long way to go until it is adopted globally. and will face numerous barriers, such as government resistance and reluctance to change the mass, but progress since the start of the project shows us an optimistic future.

The benefits of using electroneum can be many for both users and businesses, and they will be listed according to the following official electroneum website:

Corporates:

Our API enables retailers, both in-store and online, to integrate with Electroneum and begin accepting ETN in an instant. This provides your business with a variety of benefits, including:

  • Online: Unlock a fifth of the world’s population who is taking part in the global digital economy for the very first time
  • In-Store: Increase footfall from a market of new ETN users
  • Higher average spend from ETN users who are receiving up to $3 USD worth of ETN from us each month
  • A new revenue stream from the customers you refer; you will receive an ongoing ETN reward​
Individuals:

Electroneum (ETN) is a digital currency that people can use to buy everyday items, either in-store or online. They can also earn ETN by learning and selling digital skills. Price Waterhouse Coopers predicts the market of the 350m unbanked smartphone owners to be as large as 3 trillion USD (2017 Global Fintech Report).

  • Topping up your mobile phone with data and minutes
  • Accessing and paying for eLearning to learn new digital skills
  • Sell newly acquired digital skills to a global digital market
  • Popping down to the local shop for bread and milk
  • Taking the bus to the market
  • Paying for utility bills
  • Getting tickets for your favourite football team
  • Paying for digital items online that were otherwise unobtainable (eg. In-game microtransactions)

Get free electroneum


The electroneum app is available for Android and IOS and works through cloud mining, which means you just have to download the app and sign in every week to renew mining to continue earning electroneum for free. By the time this post is being posted (08/16/2019) it is possible to receive 600 electroneum per month (approximately $3)

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Link for download play store:

https://play.google.com/store/apps/details?id=com.electroneum.mobile

To get 1% more on your mining, use the 3D2CF2 code. click "more" in the bottom right corner of the screen and then "generate more ETN".

 

 

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zulonga
zulonga

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cryptocurrencies, introduction and analysis
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