Electroneum is a cryptocurrency just like Bitcoin or Ethereum that you can easily mine for free on your smartphone.
Obtaining Bitcoin or Ethereum is relatively difficult, but Electroneum was made really easy for anyone to get involved with ZERO technical knowledge
Electroneum is the brainchild of Richard Ells, whose past experience includes SiteWizard, whose services include web design, and Retortal, which makes a social media management tool and is apparently valued at over $50m. (Who values it at over $50m is unclear. The company has no outside investors and made just £10,000 of profit in the year to May 2016, according to Companies House documents.)
"Richard has a history of building successful digital businesses. He co-founded the successful digital agency SiteWizard, now over 20 years old. More recently, he founded Retortal.com in 2013. As the CEO, Richard’s assembled a team of over 40 developers and created a social media management platform, used by global fortune 500 companies such as Herbalife and Avon. Retortal’s software is used by hundreds of thousands of people."
Electroneum has been designed and built to give ordinary, non-technical users a chance to obtain and enjoy a cryptocurrency. They have developed an iOS and Android app that not only contains easy wallet functions, but also allows a mining experience to let anybody get "into" cryptocurrency within minutes of downloading a free app.
Their blockchain has been specifically chosen and modified to limit the ability of ASIC and GPU miners, allowing the 2 billion + smartphone users to run the blockchain.
Electroneum is the first British-developed cryptocurrency and represents a huge change of pace in the market. It’s built on its own unique blockchain (a blockchain is the underlying technology infrastructure beneath any cryptocurrency) and has been designed to dominate the mobile market.
Firstly, it is incredibly easy to manage and even mine on a mobile app. That means it’s capable of becoming the new, easy, secure way of making instant transactions from your phone – from buying mobile games, to sending money to friends, to betting on live sports. That sets it apart from any other cryptocurrencies that are near-impossible to spend or buy.
Electroneum has also increased its palatability to the average consumer by capping the total number of coins at 21 billion, moving the decimal point two places to the right when compared to Bitcoin, which is capped at 21 million. Whereas a pizza in Bitcoin might cost 0.005 BTC, with Electroneum it would be a much more ‘real money’ figure.
Richard Ells, founder of Electroneum and experienced tech entrepreneur, said: “I don’t know if you’ve ever tried buying any Bitcoin, but it’s really hard to do! I realized that what the world needs is a cryptocurrency that is genuinely easy to access and use. We’ve developed Electroneum with the ordinary mobile user in mind.”
STEP 1:
This is only process of buying Electroneum ICO in INR. But, we are going to follow a longer process so hold on.
Firstly, we will buy Bitcoin and then go Electroneum website and buy ICO through Btc.
There are various webistes from which you can buy Bitcoins in India like – Unocoin , Zebpay
These are most trusted sources of buying Bitcoin In India.
1: Firstly you will have to buy Bitcoins from Unocoin or Zebpay . Don’t worry both of them are good.
2: 1 Electroneum Coin today costs around 1.60 inr so buy Bitcoins as compared to how much Electroneum coins you need.
3: Then we will convert our BTC To ETN. You can easily convert your Bitcoin to ETN through Electroneum website .
STEP 2
I no need to mention other ways if you already have Bitcoin with you.
just register with this link given below to get appropriate bonus and buy .
https://my.electroneum.com/join/4FC5CE
CONCLUTION
I suggest funding any ICO during funding stages for longterm gains.
Duncan Logan (Founder & CEO at RocketSpace) who nurtured the likes of uber and Harry redknapp english football manager also investing in Electroneum .Its good see english entrepreneurs supporting it.
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