* ELECTRONEUM (ETN) UPDATE
Hello All,
We'd like you to take just a moment or two to join us in reflecting on Electroneum's journey so far, and to consider the real key drivers to focus on for our future success.
Electroneum is unique - our objectives are not to simply be another coin traded in the crypto world, with the constant ups and downs of innuendos and whispers, or be victim to the overall sentiment driving the market volatility.
We have, instead, set out to be masters of our own destiny, bringing the benefits that Blockchain technology can deliver to the real mass-market, sharing the revenue that is currently only accessible to the chosen few.
In order to achieve this, we must navigate the intricacies of creating bridges between Blockchain and the massive mobile industry, working with our network of C-level contacts in major operators around the world to harness the power of mobile and the important part it plays in our strategy.
It is only been 43 days since we fully launched, so let's look at what has happened during this period - which includes the downtime of Christmas and New Year - so it's actually been just 28 working days!
- We have 750,000 account holders
- $700m to $900m market cap
- c300,000 Android App downloads
- Mobile Mining now in Beta and arriving soon (45,000 responses just for initial mining Beta)
- iOS app on its way
- New exchanges confirmed with more being negotiated
- Mobile partnerships giving access to 75m subscribers announced with more in the pipeline
- Huge community support spanning across 13 countries and still growing at an alarming rate
- Some of the world's best talent have joined us
- Delivering on Whitepaper and roadmap even when the odds are stacked against us
- Established a plan for clear and sustained growth to aid with deals and international expansion
The reality is that this level of achievement, for a relatively new company, would normally be quite unbelievable. Who else in the crypto world has partnerships in place that will deliver such huge volumes of new users? For those who have dismissed this on the basis that these are MOU's, we would draw your attention to the fact that corporate companies simply would not publish press releases on their own corporate website unless they are committed to making it happen. Take a look http://www.xius.com/media.php
You may well have noticed that we have greatly improved our transaction system and we are pleased to see that the majority of stuck or pending transactions have now been resolved - the system is working more fluidly. Comparing to any other normal reality, where we have all experienced the incredibly long periods that software companies take for product fixes and updates.
We are still moving mountains to further improve wallet functionality and resolve any lingering issues. Please understand that the layers of security we have built into the system creates complexity in resolving individual challenges - each requires a 3 person sign off to ensure integrity is maintained. Rest assured we are undertaking all genuine problems as quickly as we can.
The subject of exchanges is clearly a sensitive one, and so we want to reassure you that we are progressing well. There have been specific aspects of tech we've had to address to avoid amplifying any known issues for each exchange, which will be ongoing. Add to that the fact that the exchanges are under enormous pressure themselves, so process is not always as quick as we'd like. We'll share more details on the new exchanges as soon as we can. For now, these are strictly embargoed until all the details are finalised, and we do not want to risk jeopardising any of our listing plans.
The last week has shown, for all coins, that sailing the sea of Blockchain can be tricky, and costly, but we have demonstrated how strong and stable Electroneum is; defying even the most extreme swings of a market, that cause other coins to lose. We hold strong because of the solid foundations we have been working so hard to build.
With our 750,000 registered user base, we are engaging with people from all walks of life, many who've never entered the Blockchain space ever before, and we have shown them the future with open arms. This supports our belief that the road to mass adoption is already happening; we can see the results unfolding before our very eyes.
So, since our relaunch the reality is that we've achieved a great deal in a short time. We are forever grateful for the support and patience shown by our community and ask that you continue to allow us to drive the business roadmap forward, as progress can only be made when we are confident that we are safe, strong and resilient.
One final, very important issue. Whilst the majority of our community are truly supportive, we're sad to say that a few very unpleasant individuals have been overtly hostile on our chat rooms in recent days, demonstrating vile behaviour and a disgusting lack of respect - none of which will be tolerated in any shape or form; particularly as our Admins have worked very hard to keep everyone in the loop and manage expectations, alongside the entire ETN team tirelessly driving the product and opportunities for us all.
Adding to this, we have noticed the negative speculation and misinformation being pushed out regarding Monero Block 202162, and the subsequent patch code. This is a very simple 2 line fix, one that we are aware of - as a number of Community Devs have already confirmed.
This distorted data is complete sensationalism and it must stop.
We are confident that you can all can see right through these underhand tactics, and that you'll continue to support and share our vision.
When you consider everything we have in place, as referenced above, we feel sure these negative vibes will quickly disappear.
As always, thank you!
THE ELECTRONEUM TEAM
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