Electroneum - The only ICO I haven't said "nah" to in 2017.
Hello all,
In the wake of all the ICO's coming out this year...I haven't invested in a single one. But to be fair, had I known about OmiseGo when it was in the ICO stages, I probably would have invested A LOT into it. Unfortunately, I found out about it after and still invested, but after it shot up 14X or so...
Anyway, I don't want to dwell on the past. Right now, I am focused on Electroneum. This is the most exciting ICO I have seen and seconds after reading the whitepaper and looking at the Dev team, I invested. This was also one of the only ICO's in which I didn't get confused on how to join in.
You can read the full whitepaper here:
http://electroneum.com/overview-white-paper.pdf
Key notes I got from the whitepaper:
- 21 Billion Coin Max
- 6.3 Billion coins in ICO, or however many are sold by Oct 31. 2017
- Coin and everything will be released Nov 1. 2017
- Coin will be divisible to 2 decimal places, looking more appealing (ex. 99.45 Electroneum vs 0.00000002 Bitcoin)
- Focused toward the mobile, gaming, and gambling communities
- Made easy to use and understand for the non tech-savvy (Great for adoption)
- Easy to use, impossible to hack paper wallets
- Easily mined on Windows, Mac, Mobile Phone. (No expensive hardware)
- Devs hope to have mining available on gaming console systems such as Playstation and Xbox
- Mobile mining can run in the background on your mobile device
You will have to read the whitepaper for details on how they plan to incorporate into the gaming market. There are a lot of great upsides I can see for this cryptocurrency. Adoption due to ease of use is one of the greatest factors. Apps will be available for IOS and Android phones where you have your wallet and mining ability.
This is my referral link to the ICO. I will gain a percentage and you will get 1% additional tokens free. Regardless of you using this link...I am excited about it all, and would like to hear your opinion.
https://my.electroneum.com/join/5734BB
Thanks for reading. Please feel free to start a discussion. I want to know what YOU think of this ICO.
What do you guys think? Comment below and let's discuss!
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This one also has me very excited. I am worried a little about the amount of hype surrounding it however.
Thanks for your comment. Yes there is a lot of hype around it, however, aren't all ICO's hyped into oblivion? That's just my take on that.
Also, there may appear to be more hype on this because they do have a referral system for the ICO. But honestly, I probably would have written this article without that anyway. Definitely though, referrals help spread awareness. And, I've always supported that marketing strategy.
Regardless of hype surrounding it...the coin is limited supply which I think is important...and it doesn't appear to be premined at all..which is great. Simply the ICO and then every other coin will be mined by the miners, from what I understand. That being said, I have yet to read the specifics on how the mining occurs, so I am ultimately uneducated in that department. Also..not sure if ICOs are considered a premine. I don't think they are.
Have you invested already?
I have invested. From media to big names, to big billboards and signs, this thing has momentum. All this could be great but being leery because of the hype is something thats ingrained. =D
I hear you. It could just be good marketing we aren't used to seeing. I wish I could have an unbiased argument but I just don't see anything negative right now. I'm open to someone coming in here and tearing it apart though.
This guy does well at explaining it.
I was going to watch his video but honestly I can't stand this guy and I saw a bunch of comments telling him to read the whitepaper. I was hoping @datadashofficial or @Boxmining would do a video.
I'll TL;DR it for you. His only minus point is the marketing strategy, which could be true as I've stated as well.
He also doesn't like the fact that it may be used for gambling, his opinion is that it sheds shady light on it.
Lastly the market cap is 21B with 7B coming out at release? Keeps the value down. All in his opinion of course.
Thanks
I think the purpose of them releasing that many was to keep the value down on purpose(in a sense) so when using it, the figures can be used well within two decimal places. Mostly for aesthetic reasons and ease of understanding. That's what the whitepaper said, I believe.
Also, regarding the gambling...There are plenty of Bitcoin Casinos out there and Casinos that accept various cryptocurrencies. However..I can understand a shady light on gambling being a core focus...which is what this is. So that is one possible negative point I can't dispute. But as a casual gambler myself, I personally see nothing wrong with gambling. I guess this one is up to the individual. Maybe I am getting off track with this point.
Anyway.... Nice discussing with you. I need to get to bed as I still have a dayjob to attend. Feel free to return with more points, should they arise.
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