Mass adoption is the destination for the Electroneum team. Anything short of that would not be considered a success. To achieve this, ETN must be a necessity and a want in the lives of the Unbanked people the team are targeting. Is that the case?
The Use Case For ETN
In a recent interview, Electroneum's CEO mentioned that the team's efforts are currently focused on Soweto, an area outside of Johannesburg, South Africa. He explained the reasoning behind this move was because this area was a good example of where poverty and technology meet.
Also, he made us aware that over 1 million people survive off of 20 cents an hour in this area. Assuming the average person works a 40 hour week, this would be a $32 a month wage.
If they download the cloud miner, they will effortlessly recieve up to $3 a month in ETN. This would roughly be 8% of their monthly wage. If they complete a few jobs on the upcoming Gig.Guru freelance website, this number goes up to 25% of their monthly wage. Instead of making $32 a month, this person will now make $40.
over 1 million people survive off of 20 cents an hour in this area
Will This Make A Difference?
To understand the importance of these numbers, it is pivotal that we compare the percentages to a banked persons monthly wage. How much do you make monthly? Multiply that number by .08 and you will see how much the unbanked person is making through their eyes with the cloud miner alone and minimum effort. Now multiply your monthly wage by .25 and see how much they would make comparatively by taking advantage of the soon to come Gig.Guru website.
I would make an extra $1000 a month! As you can see, this increase would be life changing for these people who live off of very little money. Electroneum is putting down a foundation to support millions of families while pleasing those invested in the coin. With 20 more countries being onboarded to the ecosystem by the end of the year, mass adoption is inching closer and closer.
Electroneum is putting down a foundation to support millions of families while pleasing those invested in the coin.