Electroneum is a very interesting blockchain project that puts most of its emphasis on micropayments and mobility. Mobility is such a core value for Electroneum that its token (called ETN) is mined using an app you can install in your mobile phone or your tablet. It’s as simple as that, and it doesn’t take that much energy out of your battery. Actually, if you install it, you’ll barely notice the difference.
It’s a very young project that’s not getting that much attention. The token is worth $0.0164, and it’s ranked at 53rd by market capitalization. So, it’s not that impressive, right? Wrong. It holds a lot of promise which is why we are writing a full article about it.
Let’s say you start mining the ETN token and hold it for a while until it reaches $1.00USD (which is about 59 times higher than it is right now). What would you buy with it? And what can you do so that the token actually reaches that value?
Well, by the time it reaches that price, adoption will be widespread and you’ll be able to buy just about anything you’d like using the Electroneum (ETN) stored on your mobile phone. You want to pay for beer, cigarettes, or your groceries? You want to buy a house or a nice car? Chances are you’ll be able to do that two years from now.
Now the question is, how do we get there?
For ETN, as well as for any other cryptocurrency in the world, increase in value will come from mass adoption. It will be adoption and usefulness that will change the market. It will be the real economic value that will drive every token’s price instead of speculatory pressure, which is what’s been the main force behind the market up until today.
You can help with mass adoption, did you know that? How? Well, first of all, get some ETN. You don’t have to buy them; you just need to mine some in your tablet or your cell phone.
Once you get ahold of some ETN tokens, the next thing you do is, quite simply, to locate the places that are taking them as means of payment and spend them.
If you are willing to hold on to your Electroneum tokens (ETNs) for the next two years, we can’t criticize that, of course. By then they will be a lot more valuable than they are now, but by using the coins you’re making them useful, increasing demand, increasing trade volume and bringing attention to the token. In other words: spending your ETNs will make them more valuable in the long run.
Remember that this is not a cryptocurrency like Ripple’s XRP which was never supposed to be useful at the retail level (but they are now fixing that mistake). ETN is supposed to be useful for everyday payments from the beginning.
Granted, Electroneum is not accepted by that many businesses in the world yet. But the more it’s used, the more crypto-skeptics will read the writing on the wall and start accepting it as a means of payment.
So. Mine it. Then keep it if you want, or use it. But this is a project whose value will rely on their users, not in the exchange market.
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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 own thorough research before investing in any cryptocurrency and read our full disclaimer.
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TokenPay (TPAY), Litecoin, and Verge (XVG) alliance about to transpire
Ever since the cryptocurrency sphere was met with the news of the partnership between Litecoin Foundation, TokenPay, and Verge (XVG), the idea of them coming together has been among the most controversial news to ever surface in the cryptocurrency world.
The collaboration managed to even draw the attention of one of the most renowned crypto-influencer and bitcoin campaigner, Tone Vays. In his usual style, Tone took to Twitter handle on hearing the news, tweeting and expressing his disapproval while criticizing the creators of the three cryptocurrencies for allowing such a move to occur.
In retaliation to the attacks from Tone, Charlie Lee, the MD, and founder of Litecoin (LTC) posted his clarification on Reddit on the 17th July in regards to the partnership. Litecoin’s CEO started by explaining the dissimilarities between Litecoin as a currency and Litecoin as a company.
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Despite the slight downturn WINGS is currently experiencing, this crypto-favorite may not be done running up the green candles on your favorite exchange just yet. A small drop like we had today was actually expected and could be considered healthy by long-term investors. These dips are also appreciated by those of us waiting to get in on a project we feel has real potential. WINGS has shown us that potential and is now presenting a great buying opportunity for speculators and traders looking for the next wave of support to lift this coin into the stratosphere.
What is WINGS?
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Clearly, having an idea and launching the coin itself is not enough. While it is by no means easy to do so, there are additional measures and rules that you, as an altcoin creator, need to consider if you want your coin to remain relevant. Clearly, not every idea can succeed, and after 10 years, it is quite difficult to present something new. However, cryptos are still a new technology, which is why there are still many unexplored possibilities that may allow you to reach success.
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