There has been a lot of buzz over this new ICO which is going public next month 1 November 2017.
In general there have been a lot of messages about electroneum, bitcoin, crypto, how it all works, how you can profit, how can you cash out..
Most people have no idea what cryptocurrency is all about or how it works.
This tells me one thing. It’s just the beginning and I truly believe 2018 is going to be an incredible year in cryptocurrency. The biggest gains are still to come, because this idea is at a “tipping point” … it’s just starting to go mainstream.
Electroneum – What’s It All Mean?
The company Electroneum just came across my desk a couple weeks ago.
Before we get into Electroneum specifics it’s important to understand cryptocurrency in general.
In short a lot of people are making money with it that have never made money online before.
Truthfully I just started to really understand all of it about a week ago myself.
Affiliate marketing is what puts dinner on the table but I will say one thing!!
Cryptocurrency certainly has my attention and I am very intrigued by all of it.
Electroneum – For the Little Guy?
I’ve been ‘kinda’ looking at what people have been doing out there.
A few of my marketing friends are starting to run hard and getting crazy results.
I can understand them making $$ just because they can build huge teams.
However, I am 100% the little guy can win with cryptocurrency without building a company or sponsoring anyone.
Just a few days ago I knew basically NOTHING about cryptocurrency or bitcoin. A good friend who I know is making a lot of money with bitcoin started posting about Electroneum and how it could be the next big ICO.
Just because I trust this person I was willing to give it a hard look. For me it’s just a good learning experience.
Whether I decide to invest or not I’m always willing to learn about something new.
After going through the information it all started to make sense.
How Bitcoin started, how people made huge profits getting in early, who’s their competition, and how does Electroneum fit in.
Electroneum – Keeping It Simple
For me it was about keeping it simple. I understood there was an opportunity to buy Electroneum for $0.01 and there is a very good possibility the cryptocurrency can go up in value next month when it goes public.
It’s important to understand THIS IS NOT a get rich quick scam. It’s not guaranteed that ETN is going to increase in value. It’s also important to understand there is a process with all cryptocurrencies.
First the digital currency has to go public. ETN goes public 1 November. Then the exchanges have to accept the cryptocurrency. When this happens it can increase in value if there is a high demand. It could also take a while for this to happen as the company develops it’s technology and there are more people purchasing coins and using the actual service.
Electroneum Investment Scenario
So lets say you purchased 10,000 Electroneum coins. That would of cost you around $100 not counting the bonus.
Lets say the value of that coin goes from what you bought it at $0.01 to $1.00 you basically increased your net worth by $10,000. It’s important to understand it could take time for this to happen if it ever does at all.
Nothing is a 100% guarantee! It could go to $1.00. It’s also possible if the product is really good and the demand is very high it could go a lot higher with time.
Look at Bitcoin. Nobody predicted it would be over $6000 per coin just a few short years later.
It may all sound crazy but it happened. If you bought Bitcoin just seven years ago you were paying less than a dollar.
At one point you could purchase Bitcoin for pennies on the dollar.
Last week I checked it was worth $5490.00 per coin.
One week later it’s gone over $6000 per coin. That is a HUGE increase and there is literally no sign of stopping.
Electroneum – How To Buy?
Unfortunately you cannot purchase Electroneum. They have reached the hard cap goal of $40m US dollars.
Electroneum only accepted Bitcoin or Etherium (cryptocurrencies) they did not accept USD.
During the pre-sale you could not purchase ETN with a debit or credit card.
What you had to do it set up a Coinbase account where you can purchase Bitcion or Etherium.
When you did that you had to login to Electroneum and set up the transaction.
Electroneum gave you an ewallet address. You had to go back into your Coinbase account and purchase Electroneum with Bitcoin or Etherium that you purchased.
If this is starting to make your head spin it really wasn’t that hard to do.
Here is a really good PDF that explains the process if you were able to take part but would like to know.
Electroneum – Taking Power Away
You can read about it, hear about it, see screen shots about it but until you actually go in and start setting stuff up it’s going to be hard to grasp.
But when I actually did it I was like, oh man that was pretty easy and makes a lot of sense now 🙂
What I want you to understand is Bitcoin was just the beginning. There are now hundreds maybe even over 1000 digital currencies today.
The whole idea about cryptocurrency is to take power and control away from the banks and financial institutions…and put it in the hands of you and me.
You DON’T need to understand Bitcoin or how to make money from them. That’s important to remember.
Cryptocurrency – Is It A Scam?
If you think people like Bill Gates, Amazon and Home Depot are scammers then you’ll have to decide for yourself.
Cryptocurrency is NOT a scam. I’m sure there are some scams out there so always buyer beware.
Today, famous billionaires like Richard Branson and PayPal Founder Peter Thiel are putting their money into bitcoin.
Big companies like Dish, Apple, Target, Victoria’s Secret, Whole Foods, Home Depot…CVS, Sears and Amazon actually accept bitcoin as payment just as they would Visa, PayPal, or MasterCard.
It’s become more mainstream but to most people it’s a bit strange.
Electroneum ICO – What’s Different?
I have seen many cryptocurrencies hit my email and Facebook but this is the first one I decided to invest in.
What a ride it has been so far! The response has been unlike anything I’ve ever seen!
There was just something different about it.
I like the fact there were a lot of owners and they all posted their profile on their website. They weren’t hiding and were very transparent about Electroneum and their future plans.
The Electroneum website itself is very clean and well thought out. They have a description in what they call the “White Paper” where they explain everything. Millions of dollars have been invested into the Electroneum app.
Being in business since 2002 I can usually go with my gut and this was something I felt very comfortable making an investment with Electroneum.
I’ve been critical of people promoting ICO’s on FB without any claims to back up why they are actually investing in it.
Like I said this Electroneum is the FIRST ICO I’ve invested in.
I have been keeping an eye on its development in the last 3 weeks. Let’s just say, it’s beginning to excite me.
Why am I investing with Electroneum?
- First British Crypto Currency
- It has its own BlockChain (open source)
- Can be managed all from a mobile app
- It has OVER 80,000 + community members
- Requires zero technical ability to mine it from your mobile app.
- Plenty of financial backing (Richard Ellis) who leads the team is valued at over $50million himself.
Your Next Step With ETN
You can’t buy Electroneum at this point. Don’t panic!
As soon as the blockchain goes live on 1 November 2017 ETN will be applying to a number of exchanges.
ETN is looking to get listed as quickly as possible and shouldn’t be hard with the overwhelming response we have seen in the market.
When Electroneum gets listed on one more exchange(s) then and only then will you be able to purchase ETN through existing ETN holders!
Electroneum Ltd will never sell the coins directly ever again.
The company will be emailing details and posting links to the software closer to launch date.
Mining coins through your mobile or desktop PC will also become possible.
Electroneum – Bottom Line
Investing is always at your own risk. I am not a financial advisor. Do not invest your cat, kids or house on this without doing research, I have researched 100’s of ICOs in the past and never invested. I am comfortable with making calculated investments with money I am not afraid to lose. Electroneum is like any other investment it is not one hundred percent money in the bank!