Electroneum is set out to be a mass adopted long-term cryptocurrency and most definitely is advanced enough to maintain a consolidated position in the market. On 6th of March 2018, Electroneum released a new app which enables users of smartphones to mine cryptocurrencies on their phones or tablets. This new service has the capability to bring an exponential surge in prices of cryptocurrencies. Hence this app is estimated to be downloaded by several enthusiasts in the cryptoverse.
The process has been simplified so that new miners, who are not essentially cryptoenthusiasts, can also be tempted to use the app. This would bring help Electroneum garner mainstream momentum. Electroneum is the first cryptocurrency that allows users to mine coins with a mobile phone. The process is simple as all you have to do is download the app. No other cryptocurrency has a mining system that allows users to mine coins with so much convenience. This is a very crucial step as cryptocurrencies can become a household trend only if their usages become easy and convenient for the common man.
With the increase in the emergence of crypto exchanges like these, experts believe that a 1 dollar price is projected to be a reality soon. Very little electricity and only a small amount of data are needed to allow any owner of a specific smartphone like an android phone to make some money mining. As more and more people are turning to the use of smartphones, growth in the popularity of ETN seems an inevitable phenomenon. The CEO of ETN, Richard Ells has reassured that the use of this app will not make the phones heat up, use a lot of battery or get worn out and slow down.
Data will be used only to communicate with the server for transactions. The CEO has also stated that the use of data will be so slow that smartphone users in the third world will also be able to benefit from the app in large numbers. The ETN team has designed an algorithm that assigns a user’s phone a mining rate based on available CPU power. Hence although the app will mine coins based on the CPU capacity of your phone, it will actually not require any CPU power.
While ETN is consistently in the top 50 market capitalization as of late, it seems inevitable that the cryptocurrency is headed for even more progress in the near future. 0.07 cents is deemed to be only a temporary sale. ETN is not even available on major changes like Binance. If the mobile mining app becomes a success, then ETN will be finding its way on such changes.
Electroneum websites say that they are currently in negotiation with some big global conglomerates that are very interested in adding Electroneum digital payments as means of payment for their services. Electroneum has more than a million agents in developing nations who sell or trade data to consumers. With the increasing acceptance of Electroneum as a regular means of payment, the crypto will no longer just remain confined to tech-savvy enthusiasts but will trickle down to mass use amongst common people as well.
Electroneum has announced that their iPhone iOS version has been programmed and is fully functional but it has not been given the nod of approval by Apple. Apple will most likely approve of it once the app consolidates its base among android users.
Electroneum rise to top 50 market cap
Electroneum combines blockchain and cryptocurrency with the ubiquity of mobile phone users. Designed to be used by the masses, a lot of the major deals made by the ETN team are with mobile providers. With over 120,000 contributors, Electroneum ICO closed two weeks early due to reaching 40 million dollars hard cap much faster than was expected. This is most certainly one of the most successful crowdfunding events witnessed in the cryptocurrency community. ETN’s app for crypto mining makes it possible for the users of the particular cryptocurrency to mine coins without having to resort to the need for expensive and complex hardware. Due to the everyday advancement of technology, what once was possible on computers is now possible on smartphones. Electroneum has emerged as one of the leading cryptocurrencies in terms of technological breakthrough.
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 and read our full disclaimer.
Image courtesy of steve via Flickr
XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange
Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.
Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.
The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.
NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.
NFTs are already being actively traded in markets globally. For…
Should Crypto Projects Devote Resources to Community Growth and Marketing?
2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for. While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory. When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion. But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.
I mention both of the above projects as they have each taken slightly different paths to achieve greatness. Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion. Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special. Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.
Cryptocurrency vs. Blockchain Technology
It’s important to make a distinction between blockchain technology and cryptocurrency. Although they are often used interchangeably, they are different. Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…
XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //
The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.
As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021.
“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.
He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”
Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”
Mr. Yamagata has been…