My First ICO: Electroneum

[allycn]

I am no expert in ICO’s or crypto currency. In fact I only just discovered this world about a month ago, and sadly have already made a few mistakes (who buys Bitcoin when at its highest? Or, who misses an ICO and ends up purchasing the tokens from a Bitcointalk forum member only to be scammed? – Sent payment, and never received tokens / coins). Anyway, after that I thought this business might not be for me, but I had already opened several ICO websites that appeared on CryptoCompare, and as I was closing the windows (ready to forget about everything), one ICO caught my attention … Electroneum (pronounced “ehlek-troh-nee-um”).

Full disclosure: I have joined their bounty campaign (as you can tell from my signature), but only because I believe in this project and have already invested in them. However, if at any point I find something I don’t like I will drop out of the campaign.

So what is Electroneum? Put simple: Mobile crypto currency powered by an app. They run on their own blockchain, already have their own wallet (App version and offline), and there will be mobile mining that will be running as a background activity!!!

Now, I am not going to say it’s perfect because their maximum coin volume will be of 21 billion, and having those many tokens available makes me a bit iffy. A part of me feels that a portion of what made Bitcoin successful was the “exclusivity” of it, the limited amount … but I could be wrong (like I said before, I am new at this). I do understand the reasons behind the large volume: the advantages of Electroneum having 2 decimal points (as they state, whole numbers are simpler), and since it will be more oriented towards gaming and gambling it makes sense. I just hope the other advantages it has can make up for the billions of ETNs that will be floating around.

Anyway, back to the positives: The team looks solid and has been developing their crypto currency since August 2015.
Mining is accessible to anyone, which is amazing. When I first discovered crypto currency, I learned about mining and figured I would become a miner and start earning some Bitcoins …. Yeah, I am glad I didn’t quit my day job because when I started digging around I learned a) how complicated it was and b) how expensive the equipment is. However, with Electroneum you only need your cell phone and their free App (which will be available the day after the coin sale ends, so you can start mining right away!).

Their ICO started on September 14th, and they have a great bonus system (currently on the 2nd period, so you still have a bit under 3 days to claim the 40% bonus):

PERIOD                           DATES                           BONUS RATE         ETN ISSUED
1st (7 days)   September 14th - 20th, 2017                  50%           150 coins per USD $1
2nd (7 days)   September 21st - 27th, 2017                  40%           140 coins per USD $1
3rd (7 days)   September 28th – October 4th, 2017          30%           130 coins per USD $1
4th (7 days)   October 5th - 11th, 2017                          20%           120 coins per USD $1
5th (7 days)   October12th - 18th, 2017                          10%           110 coins per USD $1
Last                   October 19th - 31st, 2017                            0%           100 coins per USD $1

Like with any investment, investing on ICOs is tricky and risky (as is any type of investment), and there is no guarantee of returns. However, if you do decide to invest, never invest more than you could afford to lose.
One of the reasons I like crypto currency is that you don’t have to do a huge investment on just one thing; you can do smaller investments and diversify your portfolio. There is no minimum amount to invest with Electroneum and you can also invest from exchanges such as Coinbase, Kraken, to name a few because after you decide how much you want to invest and select your payment method the system will generate a unique / personal BTC or ETH wallet (depending on the payment method you select) which is used to fund your ETN purchase. This will enable the team to track the transfer accordingly and ensure you are being credited with your ETN once the ICO is over.

Now, if you do decide to invest on this ICO, I would appreciate it if you use my referral code (5E52E7) or you can click here: https://my.electroneum.com/join/5E52E7 . Anyone using my referral code will be given an additional 1% bonus as long as you use it when you sign up) … But before you do any investment, be sure to visit their website: http://electroneum.com and read their whitepapers as there is a lot of detailed information on them. They have 2 WPs, one is the overview and the other one has the technical information.

In case you are wondering, the Electroneum ICO has achieved the following in less than 2 weeks:
- 15,634 users registered
- Over 387 Million ETN Sold
- Over 5,168 ETH Raised
- Over 314 BTC Raised

Good luck ICOing! I will be sure to post more updates on this project as I learn more.

Ally

[macdevil007]

Its my first ICO also to invest and I support also there potential.. Im once an Online Gamer and virtual currency seller before...

[Coldsnap4457]

You argument is misleading at best, dishonest at worst.

Mining is ONLY expensive on POW blockchains, not POS or POI blockchains.

I don't see how Electroneum is ground breaking.  Why can't you use any of the dozens or hundreds of POS coins, such as NEM, Dash, Monero, Zcash, PIVX, etc. on your phone?  Besides, phones are getting more powerful every year.  There is no reason that phones won't be able to do mining for most POS and POI coins soon.

[sloworm]

yeah this is just a publicity article for it bounty rewards.

A good effort though!

blockchain is a new thing, like Internet booming age. It has the potential to take over almost every business in future.

it down to luck to get and HOLD the right ones.

[smittywerben]

You argument is misleading at best, dishonest at worst.

Mining is ONLY expensive on POW blockchains, not POS or POI blockchains.

I don't see how Electroneum is ground breaking.  Why can't you use any of the dozens or hundreds of POS coins, such as NEM, Dash, Monero, Zcash, PIVX, etc. on your phone?  Besides, phones are getting more powerful every year.  There is no reason that phones won't be able to do mining for most POS and POI coins soon.

If you mine on a POW blockchain, the power of your pc/smartphone is decisive for the outcome. Good Pc = More Crypto / Bad Pc = Less Crypto. Most Smartphones can't handle the needed power for solving difficult calculations, it will fry the processor.

For Blockchains working on POS, the decisive variable is the amout of crypto you already own. If you own a lot, you get more "taxes" for it. If you're not the owner of a masternode, your pc doesn't really need much power compared to mining on a POW blockchain.

Electroneum has a interesting concept, mining on a smartphone is a nice way to achieve attention from people who are not familiar with crypto. What is important to know, the blockchain doesn't get any power from Smartphones who are mining Electroneum. It's only marketing, you basically get money for no compensation. They get their needed power from normal Desktop PC's and maybe gaming consoles in the future.

[vlom]

and all of you just made an account to say that you like this ICO. a reason more i won't even look what Electroneum is. you have to try harder to find investors.

[qiwoman2]

I am a bit put off by the amount of coins this ICO is doing. Billions of coins for some reason put me off investing. I prefer to invest in tokens that are less than half a billion at worst case scenario and lower than 100 million at best. I think it's also important though to see what each token does. I will re think about spending some time to do due diligence again on this one but the amount of tokens is what put me off on the offset.

[xenia4774]

Good for you!!

You picked a winner!!

Great post OP!

[CarlJohnson89]

Electroneum is also my first ICO
I got convinced when I joined the telegram group (https://t.me/electroneum). There is a great community backing the coin there. People take their time to answer questions from cryptonoobies like me.
Keep up the good work!
Together we can make ETN a success!

[abalin]

I am no expert in ICO’s or crypto currency. In fact I only just discovered this world about a month ago, and sadly have already made a few mistakes (who buys Bitcoin when at its highest? Or, who misses an ICO and ends up purchasing the tokens from a Bitcointalk forum member only to be scammed? – Sent payment, and never received tokens / coins). Anyway, after that I thought this business might not be for me, but I had already opened several ICO websites that appeared on CryptoCompare, and as I was closing the windows (ready to forget about everything), one ICO caught my attention … Electroneum (pronounced “ehlek-troh-nee-um”).

Full disclosure: I have joined their bounty campaign (as you can tell from my signature), but only because I believe in this project and have already invested in them. However, if at any point I find something I don’t like I will drop out of the campaign.

So what is Electroneum? Put simple: Mobile crypto currency powered by an app. They run on their own blockchain, already have their own wallet (App version and offline), and there will be mobile mining that will be running as a background activity!!!

Now, I am not going to say it’s perfect because their maximum coin volume will be of 21 billion, and having those many tokens available makes me a bit iffy. A part of me feels that a portion of what made Bitcoin successful was the “exclusivity” of it, the limited amount … but I could be wrong (like I said before, I am new at this). I do understand the reasons behind the large volume: the advantages of Electroneum having 2 decimal points (as they state, whole numbers are simpler), and since it will be more oriented towards gaming and gambling it makes sense. I just hope the other advantages it has can make up for the billions of ETNs that will be floating around.

Anyway, back to the positives: The team looks solid and has been developing their crypto currency since August 2015.
Mining is accessible to anyone, which is amazing. When I first discovered crypto currency, I learned about mining and figured I would become a miner and start earning some Bitcoins …. Yeah, I am glad I didn’t quit my day job because when I started digging around I learned a) how complicated it was and b) how expensive the equipment is. However, with Electroneum you only need your cell phone and their free App (which will be available the day after the coin sale ends, so you can start mining right away!).

Their ICO started on September 14th, and they have a great bonus system (currently on the 2nd period, so you still have a bit under 3 days to claim the 40% bonus):

PERIOD                           DATES                           BONUS RATE         ETN ISSUED
1st (7 days)   September 14th - 20th, 2017                  50%           150 coins per USD $1
2nd (7 days)   September 21st - 27th, 2017                  40%           140 coins per USD $1
3rd (7 days)   September 28th – October 4th, 2017          30%           130 coins per USD $1
4th (7 days)   October 5th - 11th, 2017                          20%           120 coins per USD $1
5th (7 days)   October12th - 18th, 2017                          10%           110 coins per USD $1
Last                   October 19th - 31st, 2017                            0%           100 coins per USD $1

Like with any investment, investing on ICOs is tricky and risky (as is any type of investment), and there is no guarantee of returns. However, if you do decide to invest, never invest more than you could afford to lose.
One of the reasons I like crypto currency is that you don’t have to do a huge investment on just one thing; you can do smaller investments and diversify your portfolio. There is no minimum amount to invest with Electroneum and you can also invest from exchanges such as Coinbase, Kraken, to name a few because after you decide how much you want to invest and select your payment method the system will generate a unique / personal BTC or ETH wallet (depending on the payment method you select) which is used to fund your ETN purchase. This will enable the team to track the transfer accordingly and ensure you are being credited with your ETN once the ICO is over.

Now, if you do decide to invest on this ICO, I would appreciate it if you use my referral code (5E52E7) or you can click here: https://my.electroneum.com/join/5E52E7 . Anyone using my referral code will be given an additional 1% bonus as long as you use it when you sign up) … But before you do any investment, be sure to visit their website: http://electroneum.com and read their whitepapers as there is a lot of detailed information on them. They have 2 WPs, one is the overview and the other one has the technical information.

In case you are wondering, the Electroneum ICO has achieved the following in less than 2 weeks:
- 15,634 users registered
- Over 387 Million ETN Sold
- Over 5,168 ETH Raised
- Over 314 BTC Raised

Good luck ICOing! I will be sure to post more updates on this project as I learn more.

Ally

This is my first ICO as well. Just bought 7850 ETN today. Anyone interested here is the link: https://my.electroneum.com/join/53E42F

[balajisi]

Dear Guys

I too have participated in this ICO based on a recommendation of a friend and was convinced with the developers and team. Let us all hope we all get good rewards with this investment

regards
Balaji

[matuson]

Good looking project. The fact that this thread no negative opinion for me is a good sign. I also hope to gain from this project. But I want to be objective and to write a full review I'll wait for receive income. Now the concern I do not feel.

[Leonbtc]

My first ico disnt make it till noe. But electroneum is probably the best ico in this month. And with some luck you can make good profit from this one. Good luck.

[macdevil007]

My first ico disnt make it till noe. But electroneum is probably the best ico in this month. And with some luck you can make good profit from this one. Good luck.

True...  Im also optimism with this token.. even get profit x10 within a month and x100 within a year

[foculur]

My first ico disnt make it till noe. But electroneum is probably the best ico in this month. And with some luck you can make good profit from this one. Good luck.

True...  Im also optimism with this token.. even get profit x10 within a month and x100 within a year

x100:) it's very bigggg claim i think..

[Barrioboy]

Hi all, I just got in as well, I think it is very promising. We'll see; You can also use this link to register.
https://my.electroneum.com/join/2CE4A8
Cheers

[Bitcotalk]

and all of you just made an account to say that you like this ICO. a reason more i won't even look what Electroneum is. you have to try harder to find investors.

It is obvious the OP is trying to promote his own referral and apparently does not even bother if it is a project worth investing in or not. (No need hiding the links with goo.gl, they are easy to still see and you missed one).

Back to business, it simply looks like an organized team and the project may seem a bit promising (though time will tell on that one), but it is an ICO worth looking at, so it may be OK making some more findings on the team.