Is Electroneum a SCAM???

[petergo13]

Not a scam but their business model seems to revolve around giving coins away for free, obviously not good lol.

[Bunk67]

no one knows many 95% altcoin failed already nobody know the good project we just doing it , Electroneum has a good roadmap that doesn't say they are not scam proproject until they finished there ico and get listed on an exchange

[pantsme]

I believe its a scam.  The fact that they pushed their mobile miner so freakin hard and then it turns out the thing is a gimmick and doesn't actually mine coins but just fakes it and slowly gives you coins... that right there is a scam to me.

[quista]

Electroneum is not a scam because of the reason that i know exactly that they are really operating well because i am part of their ico and sooner after they completed fixing their stakes to be distributed, i will get my bounty all you have to do is to be patient and wait eagerly so that in the end you will be rewarded

[Icoalert00]

NO definitely NOT there are so many traders that are trading with Electroneum and they are getting a really big profit into it especially those ICO investors of it because the value of the ETN rises above it's ICO value and many investors claimed so many profit and it is still counting.

[invicta]

Price is falling lower and lower, transactions backed up on the blockchain, non existent support and trade volume is minuscule (which means no-one is using it and it’s very hard to actually buy/sell - look this up to understand why this matters). Might not be a ‘scam’ in the traditional sense but it’s clearly on the rocks, there’s only so long this can be propped up by marketing, hype and people on social media who have no understanding about cryptocurrency beyond it having something to do with lambos and the moon.

[shtako]

Price is falling lower and lower, transactions backed up on the blockchain, non existent support and trade volume is minuscule (which means no-one is using it and it’s very hard to actually buy/sell - look this up to understand why this matters). Might not be a ‘scam’ in the traditional sense but it’s clearly on the rocks, there’s only so long this can be propped up by marketing, hype and people on social media who have no understanding about cryptocurrency beyond it having something to do with lambos and the moon.

I concider electromeum a scam for simple reasons.

1. The project is completely meaningless
2. The people behind the ico are clearly incompetant
3. They launched electroneum to make money

It was doomed to fail. And the ico happened (for electroneum) at the best possible time, at the peak of the hype cycle.

[nguyenvanson208154]

As soon as they fix things and release the wallets I see people dumping out of fear and ignorance. Well leave them too it because I'll hoover up another shit load of coins at a nice price and hold. Lots of FUD being thrown about, people need to chill out and let them do what they need to do.

[BroganBloodstone]

Where is the marketing? I doxed the dev team, which wasn't too hard when they post all their LinkedIn. They are big players in the internet marketing industry in England. They can do it for free!?! I even looked up the coins head guy Richard Ells and called his headquarters. I asked the secretary about Electroneum? I was transfered to a guy that asked me how he could help me with my questions. So I asked, "why aren't you marketing this ICO?". He said, "they are and more is coming." Do you see any marketing? WTF.

Maybe they do not want to waste too much of their marketing funds in the current market? I know I would not.

[flysohigh.noshy]

I  believe this has been trashed out a number of times. Electroneum is definitely not a scam, if nothing is happening at the moment, it does  not mean it will not happen tomorrow.

[invicta]

As soon as they fix things and release the wallets I see people dumping out of fear and ignorance. Well leave them too it because I'll hoover up another shit load of coins at a nice price and hold. Lots of FUD being thrown about, people need to chill out and let them do what they need to do.

They haven’t fixed anything and they don’t respond to support requests. People just sincerely hope and pray it’ll go back up but it’s falling day by day. Meaningless announcements and partnerships haven’t done anything to improve the situation - worked in the short term but people are wise to that now. Most people only want more exchanges supported so they can extract fiat when they cash out. Has a really negligent and egocentric team behind this, they don’t understand the technology and that’s why they’re so slow to respond to market or environment changes (like ASIC resistance, they literally gave people carte blanche for 2 months to revage the network). The only thing this has going for it is marketing, the development is dead - most decent projects reaslise you need a defined goal, good dev team and marketing in equal share.

[Businesscase]

A lot of projects have a tough time now, a lot of are busy with the development of their project, it doesn't mean Electroneum is a scam if Dev is ignoring your messages.

[Razick]

The more time passes the more it starts to look like the electroneum project is more of a scam which is sad because I had high hopes for the coin and was even planning on investing into the coin more during this bear market. It could just be that it is just following the low market prices like all of the other altcoins and there is nothing to worry about with the project.

[invicta]

A lot of projects have a tough time now, a lot of are busy with the development of their project, it doesn't mean Electroneum is a scam if Dev is ignoring your messages.

It’s not my messages, I don’t care. It’s all the people on Twitter and Facebook with backlogged transactions from Cryptopia and other exchanges. The dev team are useless anyway, all they had to do was copy Monero for ASIC resistance and it still took them two months. They are way out of their depth with this and there are too many apologists making excuses for them. People need to wake up and face reality.

[donkey.luacon251]

I can not mention that Electroneum is a scam because I have not got proof or follow the ICO of his project so maybe we should be more careful in choosing project ico if there is any who have been deceived.

[benjaminpeters]

I think so, after collecting the cash from ICO , their mobile app is not even working after download.

[invicta]

So yesterday they announced that they’re going to hard fork back to Cryptonight to allow ASICs back on the network in order to improve network security. Richard made it sound like it was a positive thing but actually, from people who know, it’s incredibly dumb and short-sighted - the only people who are excited are the ones who aren’t involved in mining (running some BS mobile mining app doesn’t count). So just wondering where the apologists and fanboys are now? This will just be further proof that you need more than viral marketing and dreams to develop a functional coin. Maybe now when the ICO investors lose more money it will be clearer.

[Gayidnvf]

It doesn't seem like a scam at all. The project itself has no scam-like features.

[invicta]

It doesn't seem like a scam at all. The project itself has no scam-like features.

No, you're right, probably 'not a scam' in the traditional sense, just total shit as shown by the developers utter incompetence, backtracking, never responding to support requests and managing to knock the value into the ground - some people say it's not all about the money, maybe they're right, but what point is something with no value tied to it? Boasting that you have a massive user base is pointless if there is no value associated with it.

[quandang821]

Electroneum is a cryptocurrency designed for adoption in the mobile currency market globally, with very fast micro-transactions between apps, games and users. In my opinion it will have a great future