Electroneum: A Simple Mobile Interface For Mass Adoption
Electroneum is a promising altcoin founded by an English team with serial entrepreneur Richard Ells at the helm. In late 2017 it attracted just under $40 million in investment for its user-orientated mobile mining platform and blockchain network. Electroneum was designed with the non-technical user in mind. This use case isn’t just important for Electroneum. All cryptocurrencies need to bring their platform to a level where the everyday user can interact effortlessly with the blockchain if we are ever to achieve mass adoption. By contributor, Electroneum was the largest token sale of its time, and the mobile interface is sure to attract more users who want a simple way to interact with cryptocurrencies.
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Electroneum
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Table of Contents
What is Electroneum?

At the time of writing, Electroneum is the most popular App in the finance category in the Play Store. The mobile mining experience is the only part of Electroneum that is a centralized system and not a decentralized one.

What Will Electroneum Be Used For?
Aside from mobile mining, the team mention in their whitepaper that Electroneum is going to target a gaming use case. They plan on changing the way gamers and game companies work together during the constant migration of gamers to what’s new and exciting. The average retention rate of a multiplayer online game is just 20% after the first 30 days. The app based Electroneum virtual currency exchange will allow gamers to transfer some of their hard work and time from one game to a new game by enabling them to monetize their “in-play” virtual currencies and take them with them into the real world. At the same time the game company develops an exit based revenue stream and an additional introductory revenue stream -whitepaper Massively multiplayer online games (MMOGs) have a lower player retention rate than mobile games, with a remarkable 80% drop in the first 30 days. Hard work, lost. Most multiplayer or player interaction games have some kind of virtual currency Currently the time and hard work that a player puts in to a game is all lost the moment they choose to leave it in search of something else.
Electroneum Coin (ETN)
There is a total supply of 21 billion coins. This is exactly 10xs the amount of total mineable Bitcoin. Richard Ells really is a marketing wizard. The reason given for this total supply is that transactions will only have 2 decimal places and this will give the amounts a real money feel. Sending 0.04 BTC or even 0.004 BTC doesn’t have much real world context. These aren’t human numbers. The larger total supply means that 1 ETN will never be worth 1 BTC. It would take 10xs the total market cap, which I think is unrealistic.Should I Invest In Electroneum?
I think that if you are going to invest in Electroneum, you should go into it knowing that this coin is running on pure hype. I might be wrong, but it seems very unlikely that Electroneum will ever be used at the scale that Ethereum, ICON, OmiseGO, Rchain and other promising cryptocurrencies will. That isn’t to say that Electroneum isn’t a good investment. If people were making decision based on the promise showed by a coin’s technology then the top ten would look entirely different. Millions of people are going to download the Electroneum application, the team is going to continue their intensive marketing, and there is talk of making it possible to mine Electroneum on Playstation and Xbox. There is still the release of the iOS mobile miner to look forward to. All of these are hype driving hysteria inducing announcements.Who Are The Electroneum Team?
Richard Ells is founder and Director of Electroneum. He has a history of building successful digital business. His last venture, Retrotal.com is a white label social media management and marketing tool used by fortune 500 companies like Herbalife and Avon. Previously, he founded and grew a successful digital agency, which is still running today, over 20 years later.