Our CEO, Richard Ells, started his interest in cryptocurrency back in 2015 and was building GPU mining rigs (‘ugly brutes’ as he refers to them) by 2016. Even back then, when Bitcoin was worth just a mere $500, Richard knew blockchain technology would change the world for the better. When friends and family would visit, they couldn’t understand the complexity of cryptocurrency. Richard wanted to make it easier for people to use so they too could benefit from the transformational nature of blockchain technology.
In August 2015, the basis of what has now become the Electroneum ecosystem started to develop. Richard sought the technical abilities of his team at Retortal, one of Richard’s other companies, to develop their own cryptocurrency. Whilst the design of that initial cryptocurrency was very different to what is seen today, it forged a path that enabled Richard and the team to structure the cryptocurrency to their specific use case.
Throughout the rest of 2015 and 2016, Richard and the team continued to build upon the project. In January 2017, Richard formally raised the initial investment required to launch the cryptocurrency, subsequently forming Electroneum Ltd in July 2017.
In September 2017, Electroneum made ETN exchange tokens available for sale in their Initial Coin Offering (ICO), also known as a token sale. The ETN token sale was a great success closing early after having achieved the maximum Bitcoin and Ethereum targets. The Electroneum ICO is still the record holder for the largest ICO ever to take place by participant numbers (115K+). The value of the Bitcoin and Ethereum that was used to purchase ETN was $40 million USD at the time the sale closed.
The Bitcoin and Ethereum from the ETN purchases are now being used to develop and promote the Electroneum ecosystem.
Dedicated blockchain, forked and modified from Bytecoin. Minimises GPU usage and promotes CPU usuage, allowing mobile mining. Free app for iOS and Android allows coin acquisition via mobile mining experience.
Attention. There is a risk that unverified members are not actually members of the team
$21 314 450
This clone coin could succeed if planned implementation works for the two major mobile phone operating systems, iOS and Android. Electroneum fails to deliver a product for a huge share of Apple's mobile phone market. The CEO was likely browsing this coin template website CryptoNote when he decided to start an ICO. There is much doubt the general populous will decide to hop on the Electroneum train. Without mass adoption, this coin appears to be nothing more than a pump and dump scheme. The whitepaper encourages investors and speculators to acquire coins for short term gain, with this in mind, we are sure to see the coin drop in value after ICO and cannot recommend putting much into this project (if any). After reading the whitepaper we are still unable to figure out what exactly is the purpose of this coin as it offers no unique features when comparing to other cryptocurrencies on the market. Unfortunately we don't see long term gains in this project, unless the technology is hiding somewhere other than their whitepaper.
Electroneum is a cryptocurrency built on the original bitcoin blockchain. The company claims to have already developed a wide range of technical products – including a mining system that can be run from your PC or smartphone to generate currency from your unused processing power. The Electroneum ICO is taking place throughout September and October. You may want to wait for more technical details about the project to appear online, or proof that any of the products have already been developed. However, if you don’t mind the risk, you can gain bonuses of up to 50% by participating in the Electroneum token sale early.
This offer is based on information provided solely by the offeror and other publicly available information. The token sale or exchange event is entirely unrelated to ICOholder and ICOholder has no involvement in it (including any technical support or promotion). Token sales listed from persons that ICOholder has no relationship with are shown only to help customers keep track of the activity taking place within the overall token sector. This information is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice or carry out your own due diligence before taking, or refraining from, any action on the basis of the content on our site. Any terms and conditions entered into by contributors in respect of the acquisition of Tokens are between them and the issuer of the Token and ICOholder is not the seller of such Tokens. ICOholder has no legal responsibility for any representations made by third parties in respect of any Token sale and any claim for breach of contract must also be made directly against the Token issuing entity listed herein.
If you have any concerns about the nature, propriety or legality of this token sale or the persons involved in it please contact [email protected] with detailed information about your concerns.