The Electronium cryptocurrency is a new digital project aimed at making crypto technologies easy to use and making them more accessible to the average user. Basically, the creators of this coin are counting on attracting users who prefer to use mobile devices, so they focused on creating advanced mobile applications.
Electroneum crypto platform
With the help of this crypto platform, players will be able to save the earned game money, transfer it to other game projects or withdraw it in the form of fiat currencies. The operating principle of this cryptocurrency system is quite simple:
- almost all mobile gaming applications – the more difficult it is to obtain, the higher they are valued in the crypto network;
- upon reaching a certain level of progress in the game, players often completely lose interest in the application, which is why game projects constantly suffer from user churn;
- the Electroneum crypto platform can offer gaming applications a unique digital exchange-formatted platform where users can buy and sell play money.
Owners of mobile games, thanks to the Electroneum coin, get an additional tool that allows them to retain a user audience and get additional revenue from advertising sales. Users will be interested in staying inside the gameplay to earn virtual in-game currency and then reselling it to convert that money into fiat currency.
Electroneum has repeatedly referred to it as a mobile currency. The creators of the project admit that in most countries of the world there is a mobile phone, and about 2 billion people own a smartphone.
Cryptocurrencies are usually launched using special hardware – for example, a PC with multiple GPUs inside. Electroneum will allow users to mine currency using a mobile app.
The company will begin rolling out its iOS and Android app on October 31, 2017, one day after the completion of the token sale.
Features
Another important feature of Elecroneum is its affordability. There are several references in the whitepaper on how Bitcoin’s few decimal places are hindering widespread adoption. Let’s be honest: most bitcoiners are tired of counting zeros when asked to pay a fee like 0.0000416, or when they see a transaction fee.
First of all, the currency is distinguished by convenient payments in mobile games and other applications for smartphones. The bottom line is that the issued number of ETN coins – 21 billion – allows you to make calculations in the values ”0, XX”, that is, with two digits after the decimal point. As all Bitcoin users, which have 21 million coins, are aware, payments in BTC, due to the large splitting, must be made in inconvenient values with six or more decimal places. In addition to its clear naming, the currency is distinguished by fast transactions and electroneum to bitcoin canbe exchanged very fast.
Another feature of Electroneum is simple and affordable mining that does not require a computer power supply. You can also mine currency on your smartphone, for this you just need to download the corresponding application. For mining on a PC, the platform offers software that anyone, even a technically unprepared user, can figure out. ETN can be mined around the clock as the process is available in the background.
