30$ a month is wrong! As far as I know, it will be somewhere between 1-5$/month. Not much money here, but for people in the third world or children a lot of money! And for me, I will mine and hold the coins and hope that they increase in price once the public rushes in.

Hi guys,

I hope I can help anyone who is interested in this ICO with this post!

Why did I invest in electroneum?

1) I think the CEO Richard is a marketing genius:

By using "Duncan Logan as a backup for electroneum" on the website he increased the trust of the potential investors. They also set the number of total coins to 21 billion instead of bitcoins 21 million. The concept that the unsold coins are added to a pool for the mobile mining is short-term diluting the number of coins in circulation, but in the long run, it helps to increase the user base. The fact, that ETN coins are normal numbers instead of bitcoins decimal numbers. And at last, the ICO itself is very very easy!

2) 3 different groups who will be attracted to mine the coin

The concept of mining coins via a mobile is totally new and will attract a lot of new people to electroneum. A lot of people who heard from tech savvy friends about bitcoins are going to be very curious and try it out. Furthermore, I can see the youth (10-18 years old) mining their pocket money (and maybe their parents are getting curious too lol). People who live in developed countries will mine via mobile and try to make a side job with it (3-5$ is in some countries a lot of money). The last group will be investors who believe that longterm the coin will be worth much more than the 1 cent (The first people who mined bitcoin did pretty well). All this will give electroneum publicity in magazines and news.

3) The fact that you can transfer your electroneum easy with the help of your phone number similar to WhatsApp is awesome! People who can´t sell their coins via an exchange can transfer it easily to someone who can do it for them (or sell it to someone cheaper than the rate of the exchanges, transfer it to that person and that person can make money via himself selling it at the exchanges)

4) Plenty of usability for electroneum
The company will start in the gaming industry (You can cash out your virtual currency in a game by exchanging it to electroneum, afterward you can buy with the electroneum new virtual currency in another game). Once a couple of gaming companies using electroneum and the people like the concept, the other companies have no choice but to integrate the coin also. After the gaming industry, the company will target the gambling industry (people who don´t have a bank account can use electroneum to use gambling platforms and if they win transfer it to someone who has a bank account and get cash for it).

Conclusion: I think this ICO will NOT make huge gains straight after the 1 of November, because of the high supply of the coins. But it has huge long-term potential due to the ability to get to the average Joe. My gut feeling tells me that electroneum is going to be listed right after Bitcoin and Ethereum with a price target of 1$ to 3$ by the end of 2018!

If I helped you with your decision to invest in electroneum please use this referral code which leads you straight to the official website of electroneum and gives you an additional 1% bonus:
https://my.electroneum.com/join/933F28

 

Hi dev team,

you have a great vision and I think there is a huge potential for VR. When reading the whitepaper, I missed you guys explain the use of the vibecoins. How is the demand for the vibecoins being created? Do the users have to buy vibecoin to use the platform? Missing this important point.

Best regards
Haris

Thanks Steinkopf! Maybe you can tell me what T&C stands for?

Thanks, hope the propy team can answer these questions. I think they are important for anyone who seriously wants to invest money in a startup. Specially if an escrow company is involved.

I asked these questions before and unfortunatly did not get an answer.

1) Since there are no more PROs mined after the ICO, where do the entities get the PROs from to do the transactions? Are new ones created and redistributed to the people who already hold the original tokens? Or do the entities have to buy the existing PROs from the token holders?

2) How much is the limit to participate in the presale? And can I participate without any cryptocurrencies since it says Tokens for $?

3) Is there an escrow company involved?

4) Who are the competitors of propy? Already know Rex, but haven´t checked them out yet. If anyone knows some other competitors, let us know

5) I could not find a contact email or telephone number of propy, does someone have something?

Thanks in advance!

Thanks for your answer! After reading the whitepaper I still have some questions left. And hope you can help me and also others who have the same questions.

1) Since there are no more PROs mined after the ICO, where do the entities get the PROs from to do the transactions? Are new ones created and redistributed to the people who already hold the original tokens? Or do the entities have to buy the existing PROs from the token holders?

2) How much is the limit to participate in the presale? And can I participate without any cryptocurrencies since it says Tokens for $?

3) Is there an escrow company involved?

4) Who are the competitors of propy? Already know Rex, but haven´t checked them out yet. If anyone knows some other competitors, let us know

Hi guys,

this ICO looks good and I believe there is a good chance the project is going to be successful if the team is working hard and doing a good job. I just have a question, what is the benefit for an investor to pay money and  get the tokens? As far as I know the tokens are not equivalent to shares here. Someone wrote the more popular the project, the more tokens are needed by people. But I don´t see why that asumption makes sense. It would be very helpful if someone from the propy team could answer this important question: What are the tokens good for in their project?

Thanks in advance!