Electroneum disappointed me

in electroneum •  7 years ago  (edited)

After raising $40 M in their ICO, and being promoted as the first cryptocurrency in the world which can be mined on your phones, Electroneum management acted like some kids, thinking they can control the price in the live market.

You can't let only PCs miners to sell their coins while you promoted Electroneum as being the first mobile mining crypto.

You can't hold the coins of those who purchased in ICO and even more who supported you.

You can't bring as an excuse the fact that some members had problems with their security.

This is an entire bullshit but I don't care anymore, maybe I will buy more Electroneum when the price will be around $0.005.


We are not idiots, at least not all of us.



source

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Ico price was not 0.01$?
Honestly I'm really surprised that now the price is still 0.04$.. Maybe the person who joined the ico still can't sell? I was expecting a ridicolous low price after release, but not..

Yes, those who bought in ICO can't sell

Oh, wow, maybe it ia turning completely scam? O.o

They were stupid for waiting until the last minute to revamp their security. Should have done that as soon as all of the coins sold out during the ICO. That way everything could launch on time...

That's only an excuse...

Agree it's a massive fail to apply to exchanges and allow miners quick off the mark with high powered CPU's and GPU's mine coins and sell them before ICO tokens are released.

They have a lot of making up to do to the community for this despite their petulant excuses.

Hopefully they have some BIG tricks up their sleeves for the roadmap.

They have to do massive pumping to get the price on Cryptopia to acceptable level... Can't say the chart looked promising when the value dropped to 1/7000th during first hour of trading. People won't be happy until the price is back between 0.05 and 0.1 BTC.

etn should build their wallet first then they should come on exchanges but now all we can do is sit back and hope for the best

Using the full node's command-line wallet doesn't really attract new users :)

I wasnt invest

You will have the chance to buy it cheaper than $0.01

That would mean price of 1 ETN would be around 150 satoshis, but currently it is still 430 satoshis and the trend is upwards.

Yes, they now coming with security issues...

yeah...bullshits

Well this is the situation with most of the ICO's. The best is to stay away from them as most of them, at least 90% are pure scams. Very few strong and interesting projects!
So please pay a lot of attention when you want to invest in ICO's or even better just ignore them!😉
O sambata frumoasa sa ai Ionut!

Multumesc la fel! Eu investesc doar ce imi permit sa risc doar ca sunt dezamagit de actiunile lor

  ·  7 years ago (edited)

I agree with you. Their site is still not working, displaying the message that they would be back soon. Thanks God I didn't spend a fortune in it, just 0.5 ether. And how profitable would the mining on a mobile phone be, that has yet to be seen.

The mobile phone mining is only an interface.. You actually can't mine from smartphone but only throughout them servers..

Servers provided by whom? The Electroneum management?

Yes, the smartphone app is only an interface.

ARM processors actually have better instruction set than Intel processors... ARM processors might not have the same computational speed, but a lot of phones have 4-8 cores compared to 2 cores on low-end PCs. You can do pool mining on phones or tablets, but most phones and tablets don't have enough storage space to do solo mining.

Let's wait and see man!

Well sir it's really a great information about electronium.

i agree. i wonder wahts taking them so long as elitewizard407 said "they were stupid for waiting until the last minute to revamp their security."
seems like they were just unprepared

yes...

.

still that opened at a right price i was worrying about hype only

I do appreciate your efforts to bring right info at right time.

very nice post friends @jwolf..👍
Thankyou for sharing!

Amazing and nice post
Thanks for sharing...

i wonder if that @electroneum comment below is actually someone involved in the company or a scammer...or both

the quantity supply it was huge thats why i did not invest in electroneum