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Electroneum (ETN) New Mining App Set For Mass Adoption

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Electroneum

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.

iPhone version

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

Altcoins

My Crypto Heroes Announces Issuance of MCH Governance Token

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Tokyo, Japan, 24th November, 2020, // ChainWire //

My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH. 

My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.

What is MCH Coin?

MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.

Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.

The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:

https://medium.com/mycryptoheroes/new-ecosystem-with-mchcoin-en-a6a82494894f

During December 2020 the first governance…

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Altcoins

Rewards Platform StormX Offers 50% Crypto Cashback Bonus for Thanksgiving

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Singapore, Singapore, 23rd November, 2020, // ChainWire //

Blockchain-based rewards platform StormX has released a seasonal promotion for its award-winning Crypto Cash Back App. The promotion will allow app users to earn a 50% bonus on top of their cashback between Thanksgiving Day and Cyber Monday (November 26-30).

StormX has also introduced a brand-new staking service, allowing users to earn an additional 50% per year when they stake STMX tokens. The native ERC20 token of the StormX ecosystem, STMX has a total supply of 10 billion and is available to trade at many of the world’s top exchanges, including Binance and Bittrex.

“With Bitcoin’s price approaching its all-time high, interest in cryptocurrencies has renewed, though some people believe it’s now too expensive to buy in,” said StormX CEO and Co-Founder Simon Yu. “What we have done is create an easy way for such individuals to accumulate bitcoin, ethereum and other cryptocurrencies via everyday shopping.

“We’re also excited to provide users with the ability to earn greater rewards simply by staking their tokens.”

Since the StormX mobile app launched its Shop feature with over 700 stores in February 2020, some 400,000 unique users have been added to the rewards platform. StormX has also witnessed over 50% month-on-month growth for sales. The app is available for download on the App and Google Play Stores, and can be downloaded as a browser add-on from the Chrome Web…

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Altcoins

BITTREX GLOBAL CONFIRMS FREE TRADING AND LISTING FOR TOP DEFI TOKEN

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Valduz, Liechtenstein, 17th November, 2020, // ChainWire //

International cryptocurrency exchange promotes free trading and no gas fees for leading DeFi tokens

17th November 2020 — Bittrex Global GmbH. announced today 8 new DeFi tokens will be listed this week including:

  • UMA (UMA)
  • Aave (AAVE)
  • Balancer (BAL)
  • REN (REN & renBTC)
  • Kyber Network (KNC)
  • Band Protocol (BAND)
  • YF Link – (YFL)

Bittrex Global’s users can trade all of their DeFi  tokens with no trading or gas fees until 2021. The decision to enable free trading on Bittrex Global for DeFi tokens  follows on from the 1,000% growth of the DeFi asset class over the course of 2020.

The decision to enable free transactions will see more investors enter the Blockchain Act’s digital asset regulatory system, supervised by the Financial Market Authority in Liechtenstein (FMA) under the Due Diligence Act which requires traders to comply with the KYC/AML/CFT standards.

“The last year has seen huge growth in DeFi as an asset class and a number of significant milestones completed,” said Bittrex Global’s CEO Tom Albright. “As the asset class matures and more institutional and professional investors look at the fundamentals, we are likely to see increased demand and higher trading volumes for DeFi in 2021.

We’re really excited about what we’re seeing in the space and want to see these DeFi projects grow and help them build stronger platforms through increased adoption. Offering free trading fees…

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