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Electroneum (ETN)

ICO

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 industryFinance Services & Banking
Product typeCryptocurrency
FoundedUnited Kingdom
Genesis date2017-10-30
Hashing algorithmCryptonight

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.

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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

    1
    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)
  • 2
    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.
  • 3
    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).
  • 4
    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.
  • 5
    Q3 2018
  • 2 Million Registered Users.
  • Instant Payment goes into BETA.
  • FIAT pairing on SystemKoin.
  • 6
    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!
  • 7
    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.
  • 8
    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
  • 9
    Q3 2019
  • Launched mobile top up in Brazil across four top mobile network operators
  • 10
    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
    Richard Ells
    Richard Ells linkedin
    James Atkinson
    James Atkinson
    Dean Cole
    Dean Cole
    Dean Cole linkedin
    Adam Atkinson
    Adam Atkinson
    Ben Whomsley
    Ben Whomsley
    Ben Whomsley linkedin
    Costin Cristoi
    Costin Cristoi
    Robert Hopkins
    Robert Hopkins
    Robert Hopkins linkedin
    Terry Hunter
    Terry Hunter
    Terry Hunter linkedin
    Imogen Dale
    Imogen Dale
    Imogen Dale linkedin
    Michael Wiltshire
    Michael Wiltshire
    Michael Wiltshire linkedin
    Natalie Hayon
    Natalie Hayon
    Natalie Hayon linkedin
    Barbara Southwell
    Barbara Southwell
    Barbara Southwell linkedin

    Advisors

    Mark Robinson
    Mark Robinson
    Mark Robinson linkedin
    Andy Denton
    Andy Denton
    Andy Denton linkedin

    Social media

    Electroneum web-siteElectroneum RedditElectroneumYouTubeElectroneum TelegramElectroneum BTCTalkElectroneum LinkedInElectroneum TwitterElectroneum FacebookElectroneum SlackElectroneum Github

    MVP

    App storeGoogle Play

    User rating:

    5/5 ( 1 )
    0

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