Electroneum ICO: Not slowing down

ICO started almost a month ago, and so far over 10 million USD have been raised (at current BTC and ETH exchange prices) and over 1.3 billion ETN tokens have been sold. ICO is still in full swing and growing fast. Just 6 days ago I was blogging about how 5 million USD had been raised and now it is twice that amount. Yes, I am aware that BTC and ETH prices have increased, so that of course adds up, but as a comparison, I am posting the token sale statistics as of right now and from 6 days ago:

Token Sale Stats	October 10th, 2017	October 4th, 2017
Number of Token Sale Users:	53,920	35,243
Total ETN Sold:	1,300,967,288	965,404,178
Total ETH Raised:	15,365.3426	11,880.1735
Total BTC Raised:	1,254.9082	871.5965

To anyone who thought this ICO was slowing down, I think you might have been wrong. Numbers speak louder than anything else, cause this is almost 20,000 new registered users, about 3485 more ETH and 383 BTC raised in less than a week!

There are still a couple weeks left for you to participate in this ICO, and you have until October 11th, 2017 to claim the 20% bonus (so you get 120 ETNs for every USD 1 you invest). Starting October 12th, the bonus drops to 10% and starting October 19th there is no bonus. Now, bonus or not Electroneum is still a good investment, but let’s be honest, it is always better to get a bonus. Also, if you would like to get an extra 1% bonus you can use my referral code - 5E52E7 (you can also click here: https://my.electroneum.com/join/5E52E7).

I wanted to use this post to share with this video that Crypto Rich did with Richard Ells, the CEO of Electroneum:

First of all, how cool is it that Electroneum actually has an office? Sure, many ICOs probably have offices, but it is nice to see the actual office space and employees (when researching an ICO and checking out the team, if that part doesn’t check out I can’t help but wonder if it is really just one person running everything from their computer). They currently have enough funds to make this project massive, but are currently working really hard at translating everything into different languages and advertising in order to reach more people, more territories, more markets (take into account this video was uploaded on October 6th, when Electroneum had raised almost 6 million ... and it is way past that amount now).

I was happy to get a sneak peak of the game, and learning how this marketing tool will work to attract the masses (compared to just the “dull” mining that will happen in the background … his words, not mine). From what I understood this is a tapping game that is more targeted to youngsters, and like any other game the levels will get harder so you can spend experience points to upgrade your tools. When you pass a level you get rewarded with real crypto-currency, in this case, ETNs (he did mention it would be a tiny reward though, not a fortune). Their idea is that people will not want to delete the app because you are not going to risk losing on crypto-currency because you never know what could happen to the coin you are holding, which is a fair idea.
By the current numbers, I believe they could reach the goal of 75,000 users by the end of the ICO (which as he said would encourage more exchanges to work with them as they rely on actual people using their services – in case you have not watched the video yet, a couple exchanges are already lined up) but was a bit skeptical though when he mentioned all of them (the exchanges) would want to deal with them when they reach the hundreds of thousands or millions of users. Of course that would be a dream, but I think many years will go by before they reach millions of users.

The gambling aspect was also covered during this interview, which I had completely forgotten about. I didn’t know they had not pursued it, but it is something that came to them when talking with someone who is a consultant to some big gambling companies (couldn’t catch the name … sorry!), and he liked the project and knew there would be a massive market for that, specifically for people with no access to a bank account / credit cards but could access a micro-payment system through their mobile phones. So if they could at least access a couple dollars through the Electroneum mining app / game that would allow them to gamble (responsibly of course). This would be another way to get Electroneum out there and reach a wider audience. However, to all gamblers out there, this is still in development and in the early stages.

If after this you are seriously considering investing in Electroneum, be sure to visit the company’s website: http://electroneum.com, check out the team and read their whitepapers as there is a lot of detailed information on them. They have 2 WPs, one is the overview and the other one has the technical information. Remember that investing on any ICO or crypto currency is risky (as is any type of investment), and there is no guarantee of returns, so never invest more than you could afford to lose.

Happy ICOing!

Ally

PS. Links to some of my previous posts:

• Dimcoin: Creative Bounty Disappointment
• My Second ICO (but be careful where you invest)
• Electroneum: Bounty Campaign and Rewards
• How I was crypto-currency scammed
• My First ICO – Electroneum