First few words about Electroneum itself:
Electroneum is an innovative ecosystem based on the KYC / AML compliant cryptocurrency ETN and the crossplatform (Android / iOS) mobile mining application. Recently a freelance platform AnyTask was launched.
The main idea behind Electroneum is to equal chances of people from the developing countries.
The Holy Grail and the most often used slogan in Electroneum nomenclature is to provide billions of UNBANKED around the World with the facility of instant transfers through the blockchain technology. It is wort mentioning, that in approximately a year of my adventure with Electroneum I was observing how the CEO of the project - Mr Richard Ells has been successfully promoting business model in which Electroneum mobile application users not only can receive upto $3USD of value in ETN per month through the passive mining, but as well can use it for topping up their prepaid mobile accounts.
This is what I personally consider the most revolutionary aspect of entire project.
It was indeed reassuring to see how Electroneum was establishing cooperation with new mobile operators through 2019. When I started using the application there was only the option of topping up in South Africa (which considering my geolocation) occurred smowhat hilarious to me. On the other hand that was actually quite clear indication of the power behind Electroneum. Therefore I was not much surprised to see the rapid expansion and soon top ups available in Brazil, Nigeria, Tanzania, Uganda, Turkey and now in Cambodia. This is simply speaking massive!
The cherry on top of the cake was a launch of AnyTask freelance platform.
This is a portal for so called gigcommunity allowing small personal businesses to offer their work payed so far only by FIAT, but converted to ETN and loaded to wallets of sellers after a small fee deduction.
Here BTW the critics come asking why there's no option of making purchases in ETN?
Even though explanation from the leaders of the project is sort of inconsistent, for me the one fact is quite obvious: It is enough to look on the Electroneum chart in its all history. It is simply speaking constantly going down on value if we look in a bigger time frame. So it is self evident, that some money needs to be pumped into the system in order to make the thing work.
Though don't get discouraged.
Personally I am quite bright thinking about ETN. Taking into consideration the fact that through the last year ETN was usually listed among 100 of the most successful crypto and all that I wrote above, there's no doubt the fruits of hard work are to be showing up soon. Let see how the situation unfolds and fingers crossed - first harvest time comes before May 2020.
