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Today's topic is about a project that has a unique concept and a great vision towards the well-being of mankind, the project that is known to all of us who is here in this crypto sphere for a while. Due to its unique concept people who have no idea about crypto currencies and blockchain are becoming part of its community day by day. It is a project that is not just for making profits and trading but it is a project that is enabling people from every corner of the world to do leadership, entrepreneurship and to fight against poverty and unemployment in many different ways. Yes, my dear friends we are talking about ELECTRONEUM, The project that is going to have over 2 million users involved with it, is a great achievement itself. For any crypto currency out there its community is so big that it will lead to mass adoption and banked the unbanked with solving real world problems.
We all know that the financial condition of countries worldwide is not much good, that every person is struggling to live a better life due to lack of education, less facilities, low income opportunities and no approach to the banking systems. People in remote areas are less accessible to the current financial and banking systems. They have no idea what's going on with the banking systems and financial services that are available in cities and townships. But as technology advances people are now getting smarter with access to the internet even they live in a remote village. So now they can have the information to progress themselves by the use of internet.
Studies shows usage of internet over mobile phones has grown drastically in comparison with laptops or desktop PCs. Because not everyone is able to afford a laptop or desktop. But due to cheaper price and wide range of applications Mobile devices are more popular among people, whether it may be the rich or the poor, everyone is now connected via internet. A study shows that only in India mobile internet users will rise to 478 million people by July 2018 and worldwide this figure goes to even 4 billion users. 50 percent of Webpages are viewed on mobile devices. More than 50-60 percent mobile internet subscriptions are currently active.
So how it could be beneficial for people around the world to get involved with countries economy with the help of mobile internet? How poor people can earn some real money? How the unbanked people become banked? How they will have access to the digital payment services?
The only answer is Electroneum.
What is Electroneum?
Electroneum is a mobile based cryptocurrency that enables instant micro payment services and to mine ETN on a mobile device with an internet connection with negligible amount of data consumption. You can mine it like real mining without requiring any costly hardware equipment. It is in the vision of ELECTRONEUM's project that everyone in the world should have access to digital payment services and banking the unbanked. It has an Android or iOS app that runs on the background of your mobile and mine real Electroneum for you. Although it might be a little amount per day but from world economy perspective it offers you the opportunity to earn some real crypto and being an user of it for goods and services in a daily life.
ELECTRONEUM CREAATING OPPURTUNITIES FOR THE UNBANKED
People can do entrepreneurship and create a community where they can use it as a currency for transaction with each other. Because the people who are now unbanked or having no bank account could not sell their earned ETN on an exchange. So people can sell these ETN to the people who have bank accounts or have an access to financial services in other part of the world. So it is a great idea to banked the unbanked by creating money velocity and flow of money from one person to the other via ELECTRONEUM.
LOW TRANSACTION FEES
Transaction fees are very low and only a cent that enables micro payments services. We cannot use .00000010 Bitcoin for buying goods and services or for other micro payments. But we can use 10 ETN instead. Electroneum's transaction is instant, secured and transparent. Most of the all you can earn it for free. Today different banking channels charging you high fees for sending and receiving money. But with ETN you will have to pay a very less amount of fees. Its use cases make it more comfortable to use it in daily life.
About project & Team:
Electroneum is a great project. Last year its ICO was very much successful. It raised more than 40 million USD. It was launched officially in December 2017. From that day its community is growing day by day. It has a very dedicated team with the leading of Richard Ells who made this project to grow from grass root level. Its developers are the most active personalities I have ever seen in total crypto world. They are always focused and determined to make this project a huge success. It is not about money it is about trust and well-being of people that this team has always maintained. This team has never distracted from their vision. They are working hard day and night to help people. To bank the unbanked. To solve real world problems.
How many crypto projects out there that are focused on real world problems like poverty, inequality in financial inclusion and day to day use cases of common people? Only ELECTRONEUM has come to this market to solve these issues and to enable people to fight against poverty and unemployment. Due to its unique concept of Mobile based cryptocurrency it becomes more popular and acceptable for the people who have zero idea about crypto currencies and blockchain.
Google Trends:
Google trends shows that people from developing and under developed countries have more interest in ELECTRONEUM than those of the developed countries. It means it is helping those people out there who do not have any access to financial services. Why this trend is high in South African and South Asian countries, because people in that country still struggling to get basic human needs. So how they can afford banking services. But many of them are using mobile devices instead of personal computers or laptops. Because it is affordable for them. Now because of last year December highs of Bitcoin more and more people are entering this new revolutionary technology called blockchain. Everyone witnessed last year and also in previous years that how much growth potential does this crypto market has. So people want to earn this and becoming the early adopters of this new asset class. They want to earn some quick growth on their investments which is not possible for them with current stock market or real estate. But most of the people in the underdeveloped or developing countries have no initial capital to invest in this high risk market. So people always want to earn what is free. And they have found a real alternative as ELECTRONEUM. As everyone knows that with just an internet connection anyone can mine ETN on their mobile. More people are adopting Electroneum day by day. That day is not too far when we will exchange ETN for goods and services on a daily basis as method of payment.
Events:
ETN HARD FORK
Electroneum is upgrading continuously since last year. More and more features are adding to its platform. Electroneum was running before on Monero blockchain. Then it hard forked itself on May 30th 2018 from Monero and run on its own blockchain smoothly.
MAJOR EXCHANGE LISTING
There are also upcoming big exchanges that will list ELECTRONEUM soon. One of the recent announcements is Electroneum is going to list on COINBENE exchange. As per their future plan 10 more exchanges for ETN are on the way. With more than 2 million users its trading volume will sky rocket for sure in near future.
INSTANT PAYMENT APPLICATION
One of the major upcoming developments is INSTANT PAYMENT BETA VENDOR APPLICATION. This application notifies instantly that a payment has been done and it’s on the way. So people will have not to wait for network confirmations anymore. Which enable them to purchase goods and services from any retail store or online E-commerce website. There are many crypto currencies out there but none of them have made this possible to use crypto currencies for buy goods and services instantly. With this notification system seller will be assured that his account will be credited with ETN very soon.
MASS ADOPTION
Electroneum is creating an eco-system for people around the world which allows every person to participate in this new kind of Decentralise economy. It introduces the financial service to the unbanked in developing and underdeveloped countries that eliminates differences between people in world economy. Electroneum is making a difference for sure. With its development and continuous effort it became more popular among 2 million users already. It is providing employment, entrepreneurship and passive income for the unemployed and poor. Its instant secured and low cost transactions made this possible to use it in real world applications. There is no doubt that it is the future of decentralise economy. Which eliminates discrimination between different races of people around the world.
I am very proud to be a part of ELECTRONEUM’s economy as an investor, an entrepreneur and an early adopter. My advice to all of you who is reading this article is to get involve with this community as it helps others to grow and make a presence for them in this modern world.
Thank you Electroneum
#ETN242 #ELECTRONEUM #BITCOIN #CRYPTOCURRENCY #STEEMIT
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