Since launching at the end of 2017 Electroneum has sent shockwaves through the cryptocurrency world by quickly gaining 750,000 users, reaching a c.$700m market cap and giving it’s 120,000 initial contributors up to 2200% returns. Over $513m of ETN has been traded despite only listing on one exchange until now and being live for just over 2 months.
The Electroneum strategy is markedly different from other cryptocurrencies. The team behind it have developed a unique mobile mining app, which will allow the coin to become accessible to people all over the world. As long as they have a smartphone, users in developing countries can earn ETN by running the app in the background. This airdrop of coins will then be acceptable as payment for their phone data and more. Furthermore, the app will soon feature an easy PayPal-style payment gateway, allowing vendors to accept Electroneum at the touch of a button.
ETN already has partnerships agreed with multinational telecoms corporations in the developing world to make all this a reality, and more are expected in the coming weeks. With this strategy, Electroneum has a route to make cryptocurrency available to tens of millions of new users, making it the first truly mass adopted cryptocurrency.
For the community, these developments are made all the more exciting by Electroneum’s listing on HitBTC, where users will have another platform to buy and sell coins.
“We’re delighted to announce we will be listed on HitBTC” said Electroneum founder Richard Ells. “Our users have inspired us with their belief in the Electroneum project and we’re excited to be able to reward their patience. HitBTC is the perfect exchange for us because the team behind it mirror our passion for pushing cryptocurrency to the next level.”
Integration is underway now, and it’s expected that Electroneum will be listed soon.