Review on Electroneum by Toprak Dere

Name: Electroneum
Item: Electroneum
Rating: 3

April 13, 2021

About Electroneum (ETN)

If we need to define Electroneum, we need to emphasize that it is a blockchain-based payment platform specially designed for use on mobile devices such as smartphones. Electroneum has some features, these are the first developments in the cryptocurrency world. For example, for the first time, it is the distinguishing feature of Electroneum that it harmonizes the "Know Your Customer" system called KYC and the "Prevention of Money Laundering" system called AML with crypto money for the first time. ETN, the crypto currency of Electroneum, is engaged in mining activities using mobile tools.

Electroneum is a blockchain-based financial platform that aims to become the leading mobile payment provider. They have a mobile first direction and partnerships that reflect their lofty goal of bringing cryptocurrency to underdeveloped markets in Africa and South America. If the Electroneum is successful, this success will certainly be due to these key features.

Electroneum is based on the Monero privacy-focused coin code. The ETN hard fork was created to separate Monero from Monero's struggle for ASIC mining.

Electroneum focuses on mobile fortune-telling games and mobile payment markets to allow masses without bank accounts or with a small number of bank accounts to earn and spend crypto money on a mobile device. 
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Pros

ETN has a very loyal and determined fan base. From this point of view, ETN's market strategy is in a trend towards growth on the internet.
ETN can actually be extracted using a mobile phone. This system runs an ETN miner on your mobile device and ETN-based airdrop takes place according to the features of your device. This is not an actual mining, but rather a system based on the proof of concept approach based on the idea of ETN's games of chance and an act of entering mining.
Electroneum's business model is very attractive for institutional investors and venture capital firms. Electroneum can become a powerful company if they successfully make ETN a helper for them.

Cons