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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 should not be all that much. While it started as a Monero (XMR) fork, Electroneum has chosen a completely different path.
This UK-based digital asset has continued to be its own, in a moment in which the whole cryptosphere is losing value to the time. And with other blockchain projects, and skeptics question all (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, but the low price currently is -or because of it.
Electroneum is not going anywhere. If the market has failed to understand its value. And that's why it's underpriced.
It is clearly on micropayments and mobility as it is shown by the platforms, apps, and tokens it offers. It aims to provide financial services to everyone in the world who owns a smartphone.
Services for the bankless
Electroneum's strategy is predicated on the fact that all of the people in the world have a cell phone but do not have the resources. That leaves them out of the global financial system, and they can not even get 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 existing financial crisis, just as much as any digital asset can be.
Payment system
From the ETN team from scratch. It's an important development and it's been successfully tested. More than a thousand vendors are 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 of the great potential for mass adoption, starting in the UK, but spreading the world over. Moreover, it would give the token real-world usefulness as well as speculation, as it is 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. It is the kind of thing that brings cohesion into a community of users, it helps to create identity and solidarity. It speaks volumes about the kind of commitment you can find in this project.
Some final words
Electronical is not the spotlight in the way that Bitcoin, XRP, Litecoin or many other cryptocurrencies usually are. But do not 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 an investment advice. Global Coin Report and its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not holdings in some of the coins or tokens they cover. Please conduct your own research before investing in any cryptocurrency and read our full disclaimer.
Image Courtesy of Pixabay.
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