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Reasons why Electroneum (ETN) is special

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Electroneum

Electroneum’s ICO (initial coin offering) took place in September last year. In those 14 months, the token has reached a price of $0.0079 which has created a lot of skepticism about the project. But the price shouldn’t matter all that much as long as the project still offers scalability. While it started as a Monero (XMR) fork, Electroneum has chosen a completely different path.

This UK-based digital asset has pros and cons of its own, in a moment in which the whole cryptosphere is losing value all the time. As with any other blockchain project, supporters like the good news, and skeptics question everything (sometimes even attack it), and they feel that the low price (or a drop) proves them right. But Electroneum could be attractive to investors and enthusiasts however low the price currently is –or because of it.

Electroneum is not going anywhere. It will stay around for long even if the market has failed so far to understand its value. And that is why it’s underpriced.

The project’s emphasis is clearly on micropayments and mobility as it’s shown by the platforms, apps, and tokens it offers. It aims to provide financial services to everybody in the world who owns a smartphone.

Services for the bankless

Electroneum’s strategy is predicated on the fact that lots of people all around the planet own a cell phone but do not have the resources, or the option, to have a bank account. That leaves them out of the global financial system, and they can’t get even the most basic financial services. The project is focusing on these people, which is a big fraction of the world’s population. Additionally, the project’s token (ETN) could be a safe haven against an upcoming financial crisis, just as any digital asset can be.

Payment system

Among the project’s features is a very innovative payment system created by the ETN team from scratch. It’s an important development and, it’s been tested successfully already. More than a thousand vendors are invited to adopt the API Instant Pay BETA.

It’s quick, it’s safe, it’s free to use. For those who need to use MoneyGram or Western Union to send money overseas, or even worse, bank wires, Electoneum’s platform could be a great alternative. This gives the payment app alone the great potential for mass adoption, starting in the UK, but spreading the world over. Moreover, it would give the token real-world usefulness so its market would be driven by real economic forces instead of pure speculation, as it’s currently the case with most cryptocurrencies.

It has an Anthem!

It was created by Nave Savage, an ETN community member. You think this is irrelevant? Think twice. This is the kind of thing that brings cohesion into a community of users, it helps to create identity and solidarity. So while an anthem is not going to increase the coin’s price, it speaks volumes about the kind of commitment you can find in this project.

Some final words

Electroneum is not in the spotlight in the way that Bitcoin, XRP, Litecoin or many other cryptocurrencies usually are. But don’t be deceived. It has value and it’s going to take off sooner or later.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and 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 Pixabay.

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META 1 Coin Trust Announces Commission to Study Global Persecution of Cryptocurrency Projects

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Boca Raton, Florida, 27th October, 2020, // ChainWire //

Collaborating with Other Cryptocurrencies, META 1 Tackles Injustice and Human Rights 

META 1 Coin Trust has announced plans to identify, research and document instances of governmental overreach in cryptocurrency cases globally, as part of its ongoing efforts to advance human rights and individual freedom. 

According to Robert P. Dunlap, Executive Trustee of META 1 Coin Trust, “The malicious attacks on crypto projects globally by overzealous government agencies must be documented and publicized to protect the individual liberties of META 1 Coin holders, as well as issuers and holders of other cryptocurrencies.” He added, “The decentralized, non-jurisdictional reality of crypto has left government agencies often unable to fully litigate cases and the general public should not have to continue suffering due to excessive overreach as agencies clamor to save face.”

META 1 Coin Trust is led by Robert P. Dunlap and Nicole Bowdler, who are both committed to pushing back against unimpeded global persecution of cryptocurrencies. By calling attention to years of organized efforts by government agencies to specifically target cryptocurrency projects, their hope is that the public will see and demand an end to these unjust violations of individual liberty. 

Specific grievances which motivated this initiative include grave concerns over government agencies’ obstruction of individuals’ livelihoods, defamation of character, and libelous false accusations which could tarnish the names of individuals for years to come, long after legal actions…

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GDA Capital in Conversation About the Future of Digital Assets at Global Family Office Summit

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GDA Capital organized the quarterly Global Family Office Summit this week. The event was held virtually with a number of technology leaders and high net worth investors who discussed issues such as education, trust and responsibility to give back. Among these were insightful conversations with Dubai-based Dalma Capital’s CEO Zachari Cefaratti, Holt Fintech Accelerator founder Brendan Hold Dunn, Global Data Sentinel CEO and White City Ventures Chairman of the Board Shahal Khan, and Elitium CEO Raoul Milhado, among others. Participants were also given access to off-market opportunities to invest in novel technologies.

Will Bartlett, GDA Capital’s Director of Research, headlined the event by focusing on tech in the modern economy, and identifying six sectors where new technologies can make a lasting impact: robotics, space, biotech, machine learning, quantum computing, and blockchain. In the context of blockchain, he discussed how digital assets are a hedge against traditional financial markets. “Cryptocurrencies have no exposure to stock market returns, macroeconomic factors, or returns of currencies and commodities,” Bartlett said.

More so, Bartlett believes that new models for digital assets such as DigitalBits’ branded stablecoins are key to the development of the field. These currencies replace traditional rewards and loyalty point systems that are commonly used by household brands by porting them to the blockchain. Meanwhile, they rely on brand…

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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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