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Bringing Crypto to the Masses with Electroneum (ETN)

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Electroneum
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Electroneum aims to propel cryptocurrencies to the next level by making them more easily accessible to the masses. The purchase and use of digital currencies are largely shrouded in mystery and this platform proposes a novel way to demystify the industry. It has ease of access and user-friendliness as its core values while still offering privacy to its users.

This Monero offshoot offers maximum anonymity for its users just like its predecessor, using one-time public keys known as stealth addresses. Its blockchain does not keep a public record of transactions, concealing both the identity of the sender and recipient and the amount transacted. The project got off to a great start in 2017 when the ICO maxed out at $40 million before the proposed duration.

Electroneum Mobile Device App

Electroneum employs the use of a mobile device app as one of the key ways to offer increased accessibility to its users. The app has an intuitive user interface that offers access to users’ digital wallets and allows for transactions on the go. It also has an incentivization model whereby users who contribute to the community in any way get the opportunity to earn free Electroneum tokens (ETN).

Innovative Mining Model

But the greatest highlight of the mobile device app is that it has a mining feature incorporated. This feature makes use of a device CPU to simulate actual mining without draining the battery or overheating. The mining process differs from the standard process since it does not create new blocks. Instead, it is structured like a game to promote the platform and get more people to join it. But just like mining, there is a reward for the endeavor.

In the same vein, Electroneum allows for mining using basic CPUs instead of costly ASICs or GPUs. The algorithm used in the system’s design offers a flexible and simplified approach that allows users to get in on the hype with ease. Setting up is easy since all a miner needs to do is to download the relevant software from the official website and get started without any technical hurdles.

Online Gaming

One of the most popular spheres for cryptocurrency use is in online gaming and Electroneum is looking to shake things up in this industry. Instead of having gamers earn random god coins in their quests, the platform offers the opportunity to make ETN tokens. These can be converted to other digital currencies or even fiat, motivating gamers to play more and earn. The token will also allow for in-game purchases of outfits and weapons and it will even allow players to level up.

The Path to Mass Adoption

Electroneum is striving hard for mass adoption by creating utility for its ETN tokens. To this end, the team behind it has taken steps to secure partnership with telecommunications companies on a global scale. It is the first digital currency to get a GSMA membership and it has signed MOUs with other relevant players within the industry. Such moves will give it the wide accessibility and availability that the platform proposes as a part of its vision.

We will be updating our subscribers as soon as we know more. For the latest on ETN, sign up below!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency.

Image courtesy of coinmarketcap.com

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Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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