Electroneum Profile (ETN)
Project Safety Score
Thu, Oct 28, 2021 1:18 AM
Electroneum has coined the phrase 'enablement currency' as it is going to enable a new 3 trillion dollar market (Price Waterhouse Coopers predicts this market to be as large as USD 3 trillion in their 2017 Global Fintech Report) by allowing over 350m smartphone users in the developing world to enter the digital market for the first time. With immediate benefits to the mobile operators in those regions, including meaningful transactional cost savings, there are operators who could take us to well over 100 million users and many more operators in negotiation. Our unique mobile miner puts a small amount of ETN into the hands of users every day, providing market liquidity and driving viral growth. With 2,341,445 million registered users, we have a faster viral growth than both Facebook and Twitter over the same time period. The Electroneum manage to raise 40 million dollars through ICO. Their Github release was November 1st. However, before the launch of the mobile app, they were hit by a distributed denial of service (DDoS) attack. The team had to shut down their servers and work over 26 hours straight to deal with the attack. Eventually, after some delay, ICO investors were distributed their coins and Electroneum continued working towards their goal of spreading ETN to the masses. Over 690 million ETN were transferring during the first 24 hours, requiring only 430 ETN in fees. Electroneum calls itself the first British based cryptocurrency. The team of 12, based in Kent, is led by Richard Ells, the co-founder of SiteWizard and Retortal.com. James Atkinson is the head of the Electroneum Development Team with over 10 years of experience in development. He’s leading the charge on the Electroneum App. Great respect is given to Dean Cole, the “member of the team with the least sleep… consuming giant quantities of caffeine.” He maintains and develops the servers required for mining and transacting in Electroneum. There are several gambling websites already accepting Bitcoin, but the problem is that it’s hard for most people to obtain it. The majority of online gambling takes place outside of America, where it’s especially hard to acquire Bitcoin. Most countries do not have access to Coinbase or Gemini and their local exchanges often have 7% fees or higher. Electroneum once again hopes to reduce friction and encouraging gambling sites to accept the currency. As mentioned previously, due to the ASIC resistant nature of the Electroneum mining algorithm, it’s still feasible to mine coins with just your CPU. You can complete a quick download and join a mining pool right away here. The average block reward is about 7000 ETN. Electroneum has also increased its palatability to the average consumer by capping the total number of coins at 21 billion, moving the decimal point two places to the right when compared to Bitcoin, which is capped at 21 million. Whereas a pizza in Bitcoin might cost 0.005 BTC, with Electroneum it would be a much more ‘real money’ figure. Richard Ells, founder of Electroneum and experienced tech entrepreneur, said: “I don’t know if you’ve ever tried buying any Bitcoin, but it’s really hard to do! I realized that what the world needs is a cryptocurrency that is genuinely easy to access and use. We’ve developed Electroneum with the ordinary mobile user in mind.”
Read more in the whitepaper:
Electroneum Project Statement
Project statements are provided by senior members of the project team and serve to tell the reader why the project has honorable intentions and why is definitely not a scam.
Please get in touch to submit a project statement for this project. Emails must be sent from official domain email addresses and will be verified before being accepted.
Electroneum Safety Report
Electroneum has a safety score of 5.42
Electroneum is a micro cap coin.
Electroneum is suited to a adventurous investment style.
This profile has enough data to perform a thorough analysis. But any missing data will have a negative impact on the overall rating.
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Electroneum Red Flags
There are currently no Electroneum red flags.
Electroneum Development Score
The Electroneum project has 14 active source code repositories.
The most recent commit was Thu, Oct 14, 2021 7:10 PM
- 127 Watchers
- 431 Stars
- 81 Mentionable Users
- 0 Vulnerabilities
- 4 commits in the last 28 days.
- high repo stars
- daily repo updates
- below average stars
- poor watchers
- very poor mentionable users
Electroneum Sentiment Score
The sentiment score indicates how well the wider community regards the project. We analyse social media platforms such a Reddit, Twitter etc to access if the community is talking positively or negatively about a project. Or if they are even talking about the project at all!The overall sentiment is average indicating that this project could be spoken about more positively and more in the community. In general as the popularity of a project grows and as main stream awareness grows this score will go up. But conversely as people loose interest and stop talking about this project or if things take a turn for the worse then this score will go down.
- The overall sentiment is average
Electroneum Community Score
The community score indicates how active community is. Are they writing lots of articles and engaging in lots of conversations on the web? Where is the crypto communities attention spent? There are so many hours in the day to spend writing, reading, researching a project. So how much of this time is spent on Electroneum?
The larger a community is then the more eyes are on that project. Sharing information, red flags and concerns is more likely the bigger the community is. And larger communities are alot hard to censor and control - therefore they provide a diverse range of opinions.
Overall Electroneum has a strong community, posting and creating lots of content across the internet on social media, forums, blogs and websites.
- extremely high hashtag tweets
- extremely high gitHub account watchers
- average reddit articles
- very poor search result count
Electroneum Awareness Score
The awareness score indicates how well Electroneum is known in the main stream. Its all very well for a project to have a discord channel to have 1000 users chatting all day about how great the Electroneum is but a good measure of longevity is how well the project is known by the general public.
Overall Electroneum this project is not known by the general community. If a project is new and has not had a lot of marketing or exposure then in general as the project grows the awareness score will increase.
- no search result total
- very poor news articles mentioning Electroneum
- very poor news articles directly about Electroneum
Electroneum Credibility Score
The credibility score indicates how credibility a project is. Does it have a ridiculous name? Is it run by a 13yr old in their basement? Is it just 2 days old and too early to tell?
- Good project age (released Nov 2, 2017)
Electroneum Volume Score
The volume score is the simplest of all our metrics and quite often the bottom line metric. It doesnt matter how well a project scores on the other factors, if it is only shifting a few thousand dollars a day in volume then there is a high chance you will left holding a bag
- low USD 24hr volume
Red flags come in all shapes and sizes
At the end of the day a cryptocurrency project requires you to part with your hard earned cash in order for it to become succesful.
You expect a level of transparency and professionalism from a project that is asking for your money.
There are all sorts of red flags which you should be weary of;
- 404 (missing) websites
- Expired SSL certs
- Malware/Hijacked sites
- Suspended Twitter accounts
- Private Subreddits
- SEC investiations
If you spot anything suspicious/resolved then please let us know.
Electroneum Red flags
No red flags
No red flags have been identified. That doesnt mean its a 100% safe project, it just means that no red flags have been brought to our attention.
How complete is this profile:
1 missing data point
This profile is still waiting for the following data points
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Market Cap Rank:
Bulls v Bears:
Electroneum Market Cap Reaches $329.33 Million (ETN)Sun, Oct 24, 2021 10:00 PM
Read Electroneum Market Cap Reaches $329.33 Million (ETN) at WKRB...read more...
Electroneum Price Reaches $0.0197 on Top Exchanges (ETN)Fri, Oct 22, 2021 11:04 PM
Read Electroneum Price Reaches $0.0197 on Top Exchanges (ETN) at American Banking...read more...
Electroneum (ETN) Hits Market Cap of $348.53 MillionThu, Oct 21, 2021 7:36 AM
Read Electroneum (ETN) Hits Market Cap of $348.53 Million at Community Financial...read more...
Electroneum Price Tops $0.0194 (ETN)Tue, Oct 19, 2021 11:50 AM
Read Electroneum Price Tops $0.0194 (ETN) at Community Financial...read more...
Electroneum Market Capitalization Hits $368.83 Million (ETN)Sun, Oct 17, 2021 2:24 PM
Read Electroneum Market Capitalization Hits $368.83 Million (ETN) at American Banking...read more...