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Electroneum (ETN): The hidden gem of crypto markets

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Electroneum

Electroneum is a very peculiar blockchain and currency (ETN) which is currently ranked at 108 with a modest 47 million USD in market capitalization. Electroneum doesn’t get a lot of attention from the average crypto-enthusiasts but maybe it should because it’s probably the one coin that is aimed more clearly and strongly towards mass adoption instead of wealth storage or speculative investments. These numbers do not seem very impressive for sure, but this is an asset that has been around for fewer than eleven months so far, and it’s managed to survive at a time in which every cryptocurrency has had a tough time.

The first unique feature in Electroneum is that it’s designed from scratch to be 100% mobile. It’s meant to be used and carried in mobile phones, and even the mining is done in cell phones, tablets and other portable devices using an app you can download from the usual two sites from Apple and Google.

The project aims to achieve global mass adoption by providing tangible, cheap, safe and easy to use technologies from any cell phone in the world that runs the app which became available last March and it’s available in twenty languages if your phone is compatible.

Let’s dig deeper into Electoneum’s goals.

Enablement currency

They coined this phrase. This project wants to create a currency that available for use, and that’s so easy to use that you don’t need to be a crypto enthusiast (which usually means a high degree of literacy in digital technologies) thus turning the 350 millions of mobile users in the world in potential users. The organization claims 1.6 million users so far, and they boast to be growing virally at faster rates than Facebook and Twitter.

Instant Cryptocurrency Payments

Another problem Electroneum wants to solve is instant cryptocurrency payments. At this stage, all payments must be settled by using ETC (the project’s own token) which somehow limits its usefulness. The project claims to be almost ready to release a global payment system based on a worldwide patent (that is still pending) developed by them. 

The plan is to have their users mine some ETN every day so that they can have coins to spend. Then, the next step is to make it very easy to integrate into ETN payment systems so that those tokens can be accepted instantly.

Convenient mining process

If you’ve ever tried to mine any cryptocurrency (most famously Bitcoin) then you know that becoming a miner is exceedingly hard as it takes expertise, and lots of resources (energy, hardware, fast internet speeds). Electronium’s idea is to be the opposite. This is the only digital asset that you can mine by just installing an app. That’s it, that’s enough for your phone to get you a small amount of ETN every day.

The idea behind this economic model is to gain adoption quickly, primarily by users that would never be interested in entering the arcane world of crypto and mastering the more delicate points in mining, blockchains, decentralized networks, etc.

The token is at $0.006 as I write this article and some enthusiasts expect it to go as high as a dollar sometime soon.

Electroneum is a very original and well-thought project that aims to become really useful as quickly as digitally possible. As such, is worth it to pay some attention to it because, in the end, the best assets will be those that do solve real-life problems.

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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 thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy Thomas Young on Unsplash

Altcoins

Chainwire Launches Blockchain-Focused Automated Press Release Distribution Service

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TEL AVIV, Israel, 13th October, 2020, // ChainWire //

MarketAcross, a world leader in blockchain public relations and marketing services, is pleased to announce the launch of Chainwire, an automated press release distribution service which provides guaranteed coverage and in-depth reports. Chainwire will be a one-stop-shop for the distribution of press releases in the cryptocurrency and blockchain sector. The launch marks the first time that advertisers can reach leading publications in the crypto media with the click of a button. 

While most industries have some kind of PR newswire service, the cryptocurrency sector has become a victim of its own rapid pace of growth over recent years. Since the ICO boom of 2017, there has been a proliferation of blockchain and crypto-focused projects, exchanges, investment firms, and marketing agencies, along with niche news and informational content sites. 

However, the infrastructure to connect this complex ecosystem has been slow to come up to speed, meaning that existing newswire services don’t reach their target audience. It’s estimated that one in five people own cryptocurrencies, so there is currently a significant missed opportunity to reach a massive global readership. 

As a newswire service dedicated to the crypto and blockchain space, Chainwire aims to address this gap. Press releases are distributed to leading publications, offering guaranteed coverage to reach audiences worldwide. The system is integrated with publishers and blogs, enabling accurate reporting via a user-friendly dashboard. It also…

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How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also houses many International students attending many esteemed Singaporean Universities.  

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Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social

When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

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