Website

Electroneum (ETN)

ICO

Last updated: Sep 10, 2019

Our mobile-based payments solution is powered by ETN – the world’s fastest and first KYC/AML compliant cryptocurrency. ETN is a store of value that can be used to purchase everyday items, from bread and milk, to mobile phone top ups. When used in conjunction with the Electroneum mobile application, users can transfer ETN to anyone in an instant, either in person or remotely.

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Overview

Project industry	Finance Services & Banking
Product type	Cryptocurrency
Founded	United Kingdom

Technical details

Electroneum has a dedicated blockchain based on a fork from Bytecoin. Electroneum provides an emission formula with a slight decrease of block reward each block. This is different from Bitcoin where block reward halves every 4 years.

What is Electroneum

Electroneum is a leap forwards in the accessibility of cryptocurrencies. We are raising funds to further develop Electroneum via a crowdsale token sale.

DISRUPTIVE TECHNOLOGY

Electroneum represents a vast leap forwards in the ease of use and accessibility of a cryptocurrency.

ENORMOUS MARKET

The ease of use and availability of Electroneum opens up an enormous market of 2.2 billion smartphone users.

AWESOME TEAM

Electroneum is being developed by an awesome team of developers and engineers with a proven track record of success.

We have developed a cryptocurrency that is aimed at the 2.2 billion smartphone users around the globe.

We have an app that allows you to manage your online funds by sending and receiving payments with the convenience of simple QR code scanning but it goes into completely new realms by offering the user a cryptocurrency mining experience, without the technical knowledge or specialist hardware that is required for Bitcoin or Ethereum mining.

Details

Public sales: Sep 14, 2017 - Oct 20, 2017
Token supply: 9,805,623,951 ETN
Total tokens for sale: 6,300,000,000 ETN
Raised: 40,000,000 USD

Legal

Blockchain Platform: Electroneum
Registration year: 2016

Token info

Ticker: ETN
Dividends: There is no dividend payment in Electroneum
Token price in USD: 1 ETN= 0.01 USD
Accepted currencies: BTC, ETH
Token distribution:
21 Billion is the maximum number of Electroneum coins. 6 Billion Electroneum coins are pre-mined for the ICO 20 Million of those pre-mined coins are for an Electroneum Bounty Campaign. Electroneum coins not distributed in the ICO or Bounty campaign are going to be used to increase the hash rate of mobile miners in the initial months to encourage platform growth.

Electroneum Roadmap

Q3 2017

Electroneum Ltd is formed and officially takes control of the Electroneum project.

ICO opens and is set to run until 1st November 2017. ETN Priced at $0.01c (USD)

Q4 2017

ICO closes early due to reaching $40m cap.

HackerOne (US Dept. Defence) engaged to audit Electroneum's security.

Agreement signed with Hong Kong Joy Telecom Co., Limited increasing our total potential reach by 2m users.

Electroneum's wallet manager officially launched and Android app released in 20 languages.

Q1 2018

Agreement signed with Xius taking our mobile user reach to 65m users.

Ask community for BETA testers for mobile miner. 45,000 detailed applications in 72 hours. Launched BETA Android mobile miner.

First cryptocurrency to join the GSMA as a member. Invited to appear at Mobile World Congress 2018 in Barcelona.

Signed Agreements with Effortel (5m user reach), Fanfare (1m user reach) and BMedia (20m user reach) bringing our total user reach to 91m users.

765,000 live ETN users. Over $750m (USD) of ETN traded in first 40 days.

Mobile miner app enabled for 20,000 beta testers. Agreement signed with redONE increasing our total potential reach by 1m users.

Rich joining panel discussion at Mobile World Congress 2018 Barcelona.

Android Mobile Miner launched.

ETN listed on KuCoin.

ETN listed on Bitbns and CoinSpot (Ability to trade in fiat currency).

Q2 2018

1.5 Million Registered Users.

Instant cryptocurrency payments patent pending secured (1805708.3).

ETN upgrades blockchain network to handle larger volumes of transactions.

Richard speaks at BCI Summit New York.

Agreement signed with Mobile Streams to promote the use of ETN on their Mobilegaming service.

Q3 2018

2 Million Registered Users.

Instant Payment goes into BETA.

FIAT pairing on SystemKoin.

Q4 2018

2.5 Million Registered Users.

ETN becomes first cryptocurrrency to become KYC compliant.

Launched Community Forum.

Signed agreement with One Development Thailand.

Formal signed agreement with Hong Kong Joy Telecom Co., Limited.

Invited onto GSMA Intelligent Customer Advisory Board.

Listed on HitBTC (top 10 global exchange).

Purchase ETN with a credit card at Indacoin.

FIAT pairing on ArtisTurba

FIAT pairing on Liquid.

Launched Vendor API.

Joomla Plugin Launched.

WooCommerce Plugin Launched.

Magento Plugin Launched.

WordPress Plugin Launched.

VirtueMart Plugin Launched.

Team surpasses 30 full-time members and still recruiting!

Q1 2019

Mobile top ups in South Africa with mobile operator The Unlimited

Listed on Huobi exchange

Attended MWC19

Launched iOS app

Launched Cloud Mining on Android and iOS

Website redesign complete

First atomic swap with SimpleSwap

Purchase ETN with PayPal on CryTrex.

PrestaShop Plugin Launched.

Q2 2019

Upgraded to moderated Proof of Responsibility (PoR) blockchain

Become one of the few cryptocurrencies that is insusceptible to 51% attack

Reduced block reward (new coin emission) by 75%

Non Governmental Organisations (NGOs) involved in the Electroneum project

Launched enhanced user registration process

Q3 2019

Launched mobile top up in Brazil across four top mobile network operators

Coming Soon

Launch full Instant Payment.

Launch GigFair - a fairer online marketplace

Launch vendor directory

Launch ETN Everywhere merchant education programme

Project team

Richard Ells

James Atkinson

Dean Cole

Adam Atkinson

Ben Whomsley

Costin Cristoi

Robert Hopkins

Terry Hunter

Imogen Dale

Michael Wiltshire

Natalie Hayon

Barbara Southwell

Advisors

Mark Robinson

Andy Denton