Today I will be sharing with you another super easy way that you can make passive income, lets get started! - (Read time: 3 minuets)
Disclaimer: This technique only works with Android at the present moment however will soon be available for IOS so if you only have an iPhone I would still recommend you read this post.
What is Electoneum?
Electroneum is a new and upcoming coin that uses similar technology to Monero, however it is marketed toward average people who have little experience in crypto. In the hope to increase the mass adoption of crypto currencies and to make Electoneum "the largest used cryptocurrency in the world." The way they do this is by providing new users the crypto experence without having to invest their time or money. For example they can simply download the free android app and start mining with the click of a button!
For the people experienced in crypto-currency that are wondering is mining on android even practical or profitable the answer is no, let me explain. Mining requires an immense amount of computational power which is simply not present in average phones, however the way Electroneum cleverly gets around this issue is by providing a simulated experience!
Your phone inst actually using any computational power it is just being benchmarked(tested) and you are allocated the amount of ETN would receive if you were actually mining a block. So where does this ETN come from if it isnt being mined, well during their crowd funding they allocated the left over amount of coins to be used to pay users that are "mining".
What does this mean for you?
This means that you can download the app(Play store - Electronuem) and leave it running in the background and let it collect 10 ETN coins per day which is currently around $0.30. This might not seem like a lot but keep in mind that these coins are practically free and only require your phone to be on. Secondly ETN has got so much potential to grow in the future which means that you could make some serious gains!
Furthermore if you use their referral program you can increase your profits, for example if you use my code after you sign up in the settings you will get an extra 1% which will definitely add up over time. Also you can give your own code to friends and earn and extra 5%. So if you give it to enough people you could be earning double!
Thank you for reading!
If you are as exited as I am for this amazing new opportunity and appreciate me bringing this to your attention please consider using my referral link after you sign up(in the settings of the app). It would help me out a lot to and allow me to continue creating awesome content for you :)
Disclaimer: This is all opinionated and not financial advice, make sure to do your own research.
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Any donations(no matter how small) are greatly appreciated as they allow me to focus more of my time and effort to bring out more and better content like this in future, thanks.
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Thanks for sharing, I wonder about security seems like the aap could provide a back door for api access and authenticator.
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Your very welcome! Im pretty sure the app is secure however if you are skeptical whenever you make over 10 ETN the app allows you to withdraw it to a wallet or exchange such as Kucoin. If you do decide to try this keep in mind that it does take a while for the coins to go into the app wallet before you can withdraw it, but it does work eventually.
Hope this helped :)
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I dont get what the point is
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You are able to earn free ETN from their "mining" app. You could possible earn 70 ETN per week or 280 ETN per month. It is a free way to get a coin that has a lot potential to grow in the future!
If you still don't understand feel free to ask me anything your unsure of :)
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I get it
thank you for explaining
I hope can try it later
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Im glad you understand, and if you use my code: BE299B after you sign up on the app you can earn extra! :D
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how do we participate in it.
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All you have to do is go to the play store on your Android, dowload the app "Electroneum". Then just sign up verify your number and then you can start mining straight away by clicking "start mining" on the home page. To earn more coins press the "More" button at the bottom right of the screen, then click "referral program" and type in BE299B or scan the bar-code above.
Hopefully this helps, if you have any other questions feel free to ask :)
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I'm just looking to establish a position in the Steemit community, and would appreciate to find some people like me, so we can mutually support one another. subscribe @coinlocket
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Welcome brother, I am more than happy to be friends and support what you post!
I would also really appreciate it if you could help the page out by using my code: BE299B if you sign up to this awesome free project. And I will support you and use any affiliate links you offer :)
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Awesome post, thanks for this great info.
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