About a new ICO called ELECTRONEUM which made a big fuss in online world and raised over 1 mil $ in 24 hours

Hi dear Steemits, i thought to share with you this information. So about a week and half ago my friend told me about this new ICO and i started looking more into it and researching about it online and ended up buying the minimal package, around 7500 tokens of etn. For the record, i am not a crypto professional, i am a newbie but i try to stay up to date as much as i can:). I discovered why all so many people around the world are sooo crazy about it and i invite you to read about it too if you want and check their website as well..btw they have and app too and on 1 November when they`ll start their Blockchain will allow ppl to mine Etn on their private mobiles through the app. Oh and if you want to stay in touch with it you can join their chat in telegram: @electroneum.

If you want to read more the source is their official website: http://electroneum.com/overview-white-paper.pdf

I want to add more a bit about and what other sources say:

" What is Electroneum?
Electroneum is among the few cryptocurrencies that are designed to be used as actual currency. Electroneum is developed primarily to dominate in mobile gaming, mobile applications, and online gambling platforms. The first mobile application released to manage the currency has wallet management features and currency-mining functionality, impressive!

Electroneum Easily Accessible
The potential of cryptocurrencies is great and the world is now unlocking the unimaginable. Today, cryptocurrencies are considered as one of the safest and most lucrative ventures to earn money (sometimes double the initial investment) after investing a little. Bitcoin lost a little value when a few other digital coins hit the online market, but since has regained its lost value and more. One thing that remains persistent in this arena is that finding, buying, trading, and using these currency options are a nightmare. This is what Electroneum capitalized on as it pitched its infrastructure to potential investors and customers.

What Makes Electroneum Unique?
What makes Electroneum so unique is that it is built upon a newly-developed and unique blockchain. A blockchain can be defined as the foundation or the core infrastructure over which the cryptocurrency is built. Electroneum’s blockchain is a reckoning to a change in pace in this field.

Electroneum User Friendly
Electroneum has an increased adaptability as compared to bitcoin. This is because the algorithm behind the mining process will be functional till 21 billion units of the currency are mined. Keep in mind that bitcoin mining will no longer be fruitful once 21 million bitcoins have been mined. Moreover, instead of a division of a single bitcoin by 1000 (milli-bitcoin), an Electroneum coin can be divided into 100 divisions. Both of these core properties allow Electroneum to behave much more like an actual currency.

Richard Ells, experienced tech entrepreneur and founder of Electroneum, explained the advantage of this infrastructure by describing a scenario of using bitcoin. He explained how hard it is to even find a bitcoin available for trade. Buying a pizza costs a scalable amount of money, we can understand $6-20 for a pizza. But in bitcoins, it only costs 0.005 BTC, which makes it almost in-comprehensive.

Mine Through Smartphone
What’s more is that Electroneum is designed to be very user-friendly and easily minable through just a mobile application. Easy management will allow Electroneum coin holders to use the currency as an instant and secure payment option which can be made by just a single click on the app.

Currency speculators are also very excited to invest in Electroneum. Cryptocurrencies are considered to be volatile entities but they produce great returns for the investors. Reports show that the average return on investment of 100 new coins launched in the first half of 2016 was 357%. The representatives ensure potential investors that the development team behind Electroneum is a group of single-minded British developers. This makes the currency immune from internal wrangling and volatility that destroyed many cryptocurrencies in the past. Electroneum has already seen a very warm and excited welcome from potential investors. This is due to its technological and infrastructural uniqueness against other cryptocurrencies. In addition, the token sale has closed early, reaching the $40 million hardcap set by the company." - https://geeksnack.com/first-british-cryptocurrency-electroneum/

And other sources say:

"Electroneum is the first British-developed cryptocurrency and represents a huge change of pace in the market. It’s built on its own unique blockchain (a blockchain is the underlying technology infrastructure beneath any cryptocurrency) and has been designed to dominate the mobile market.

Firstly, it is incredibly easy to manage and even mine on a mobile app. That means it’s capable of becoming the new, easy, secure way of making instant transactions from your phone – from buying mobile games, to sending money to friends, to betting on live sports. That sets it apart from any other cryptocurrencies that are near-impossible to spend or buy.

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.”

The currency also represents an intriguing investment opportunity for speculators. Cryptocurrency is well known to be a volatile, but lucrative market for investors – in the first half of 2016, the average return on investment for of 100 new coins launched was 357% – and Electroneum represents such a technological change that it’s already attracting a lot of attention in advance of the ICO in September.

Re-assuring investors is the fact that the currency was developed and is managed by a tight-knit, single-minded group of British developers and is therefore not likely to be subject to the internal wrangling and volatility that has plagued other currencies.

Electroneum has produced an overview white paper of the technology behind it. The company is currently raising funds to complete the launch of the currency, and the coin itself will be available for purchase from September 14th." - https://finance.yahoo.com/news/introducing-electroneum-first-british-cryptocurrency-091551966.html

Feel free to search more on your own and stay tuned for 1 November and sign up and download their app, i will too lol:)..