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boulard83
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October 04, 2017, 11:39:11 PM |
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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!
Thank you for sharing you insights! Thank for posting!! Great to see the community growing I see I dont have to answer all the questions anymore. THANK YOU TO ALL WHO ARE HELPING EACH OTHER OUT!!
<PRO TIPS>
There is a guy that has over 100 referrals and I think hes had a real big couple investments under his code and hes at or above 1 million ETN for a referral bonus.
This is without putting his articles and/or videos on here, or spqmming the main Telegram room.
He his tweeting his articles, posting them on electroneumtalk.com, and his Facebook, and Reddit. etc.
Thats where he is getting all his referrals. Do itnin a classy way, and it works 10-20 times better.
Make good content. This is good content. Great content has a way of spreading itself!!
Those are the people who will use your code. Put it in text box or signature here.
I have half that amount of ETN in referral and 133 people. Posted on some reddit, facebook group and some forums. |
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tzegian
Full Member
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Activity: 265
Merit: 101
Founder of Greepto.gr & CryptoAnalogy
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October 04, 2017, 11:41:49 PM |
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we are close to reach the billion ETN sold!!!!  Number of Token Sale Users 34,812 Users Total Electroneum Sold 940,387,510
ETN
Total ETH Raised
11,556.2685 ETH Total BTC Raised 848.3289 BTC Its increasing every minute and I hope they will raise another 1k ETH before their 30% bonus offer goes off. Hopefully, it will reach 1k BTC by the end of its sale. Both of the bolds done 20min before 30% ends. 85 more bitcoins also (933 currently from 848).  |
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ZineX
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October 04, 2017, 11:45:12 PM |
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So i have sent a few more mBTC but obviously they'll take their time to verify.
Now i do ask myself: Will the bonus be added once the transaction is completed? Meaning i would miss those 30% coz there's no way i'll get them thru in just under 15min. (Sent them like 2h ago tho).
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cryptochat2017
Newbie
Offline
Activity: 13
Merit: 0
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October 04, 2017, 11:46:50 PM |
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I think the Electroneum technical team is not competent enough: that's a bunch of junior PHP programmer.
Given how shitty PHP as a programming language is, , and given the juniority of the team I really doubt if Electroneum could do what they claim: scale onto hundred millions of phones.
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jcarl987
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October 04, 2017, 11:56:26 PM |
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So i have sent a few more mBTC but obviously they'll take their time to verify.
Now i do ask myself: Will the bonus be added once the transaction is completed? Meaning i would miss those 30% coz there's no way i'll get them thru in just under 15min. (Sent them like 2h ago tho).
Mine went through instantly just now. I guess it just needs to see it on the blockchain. |
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ZineX
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October 05, 2017, 12:00:25 AM |
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So i have sent a few more mBTC but obviously they'll take their time to verify.
Now i do ask myself: Will the bonus be added once the transaction is completed? Meaning i would miss those 30% coz there's no way i'll get them thru in just under 15min. (Sent them like 2h ago tho).
Mine went through instantly just now. I guess it just needs to see it on the blockchain. True. Mine are through aswell now, just in time eh. |
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karmakeddon
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October 05, 2017, 12:08:48 AM |
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I plan in just sitting on my coins and probably just use some of them in some games that they support. I do hope they get integrated with Steam though as that will be the pinnacle of success for them because it will reach a very wide market of gamers.
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contraband
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October 05, 2017, 01:08:07 AM |
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I think the Electroneum technical team is not competent enough: that's a bunch of junior PHP programmer.
Given how shitty PHP as a programming language is, , and given the juniority of the team I really doubt if Electroneum could do what they claim: scale onto hundred millions of phones.
Please be aware the above information quoted is incorrect. Thank you |
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gormae
Newbie
Offline
Activity: 20
Merit: 0
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October 05, 2017, 05:46:47 AM |
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Nice update, but what does this coin do anyway? I thought I was investing in Michael Wiltshire's majestic hair, so now I'm confused.
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johnwest
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October 05, 2017, 05:55:44 AM |
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Nice update, but what does this coin do anyway? I thought I was investing in Michael Wiltshire's majestic hair, so now I'm confused.
It will be a gaming platform and you can also mine them from your mobiles. Its the next big thing in the mining industry as well as the concept is unique than others. The owner is already a successful CEO of a big company. |
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bayu7adi
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October 05, 2017, 08:59:22 AM |
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Are you sure, all of mobile phones (android) will be able to run the mining app?
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cryptochat2017
Newbie
Offline
Activity: 13
Merit: 0
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October 05, 2017, 09:32:46 AM |
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I think the Electroneum technical team is not competent enough: that's a bunch of junior PHP programmer.
Given how shitty PHP as a programming language is, , and given the juniority of the team I really doubt if Electroneum could do what they claim: scale onto hundred millions of phones.
Why do you have an Electroneum referral code in your signature then? Please explain your opinion in greater detail because it means nothing when you don't back it up with evidence. I provide my code in case someone really wants. Just help him out |
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Darkoth89
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October 05, 2017, 12:05:24 PM |
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This seems interesting. I'm interested how the mobile mining is going to work, is it a passive background task that will only use a small percentage of the devices power, or is it going to be an all-or-nothing kinda deal?
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kingboonz
Newbie
Offline
Activity: 56
Merit: 0
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October 05, 2017, 12:07:28 PM |
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I've heard rumors that Electroneum isn't really utilizing your phone's power to mine directly, but it is really just a hyped implementation of proof of stake of your phone.
Can the developers please address this?
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BroganBloodstone
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October 05, 2017, 12:11:39 PM |
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I've heard rumors that Electroneum isn't really utilizing your phone's power to mine directly, but it is really just a hyped implementation of proof of stake of your phone.
Can the developers please address this?
Rumours? This has been discussed to death in this thread already. No it does not truly mine using all the resources of your phone. It would be silly if it did as your phone would get super hot and run out of charge in a matter of hours. It simulates mining, there for you end up with the same effect as mining without using battery power. The real mining is done on PC's. It makes no difference to the end user, they still mine coins all the same without breaking there phone. |
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sparg
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October 05, 2017, 12:26:01 PM |
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Any preditions on the price that will be listed? Or huw much it can rise? Considering the amount of coins available i dont think it will be more than 0.007 USD at listing.
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mig6r
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October 05, 2017, 12:39:15 PM |
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The fact that they're honoring the 40% is amazing, that's the sort of thing that lets you know this isn't a scam. It's a legitimate project, most token sales wouldn't do such a thing for their users.
Very professional!
I agree with you. Never seen such a commitment like this before on ICO. All the respect for the team. There are some good teams out there. It's not like there are no other good teams, but this one is definitely a good one! Yes, they immediately resolved the issue and pretty happy with their response and mitigating action for future contribution periods. I will very likely continue to buy more coins. Also, I would like to point out one stark distinction about this ICO in that they are not giving themselves any coins (correct if I am wrong- as I didn't see anything in the whitepaper regarding this point). One aspect of current ICOs that is extremely pissing me off is that many are not only collecting funds from the coin/token sales, but they are also allocating close to 50% of the coins to themselves as well which translates into extreme greed and the centralization of the coins - which allows for massive dumps by them. Case in point is Blackmoon Crypto. If you have a very strong and honest and transparent team, I would even want that team to hold a good bag of coins because their motives are more aligned with those of the investors. But I agree with you, something like 50% or so really sucks. And it sucks even more if a team does not constantly deliver then and the price keeps dropping. I like how much this team is keeping, ZERO COINS for themselves. What this team has invested that will motivate them, is all of their own money spent on the project. Have there been any kind of special pre-sale investor rounds? Maybe that is where the dev team got in with their own money (not meant to be rude here, just saying). I mean they need some incentive, where does that come from? |
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doremi
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October 05, 2017, 12:53:45 PM |
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seriously....they picked yobit as the first exchange for trading? ............that tells a lot lol
looks like my decision of no in was right,take care guys
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contraband
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October 05, 2017, 01:04:55 PM |
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I've heard rumors that Electroneum isn't really utilizing your phone's power to mine directly, but it is really just a hyped implementation of proof of stake of your phone.
Can the developers please address this?
The rumors you have heard are incorrect. ETN is POW |
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