• Electroneum (ETN) Price

    What is Electroneum?

    Electroneum is a cryptocurrency that is named after the electron which all cryptocurrencies rely on. It was created to increase mass adoption of cryptocurrencies. Founded in July 2017, Electroneum is built on its own blockchain. The token for Electroneum is called ETN. Electroneum is positioned as a mobile cryptocurrency that requires minimum hardware and is managed via an app. The British cryptocurrency has been developed to make it easier for anyone regardless of a technical ability to access it without any hassle.

    In December 2017, Electroneum launched its wallet manager and released the Android app in 20 languages.

    Features of Electroneum

    • No transaction fees: Transactions are free on the Electroneum platform which enables you to send and receive ETN tokens easily. Moreover, it does not impose any charges for creating offline wallets.
    • Use of CryptoNote Algorithm: Electroneum is based on the core blockchain technology of CryptoNote Algorithm. The same technology is also used by most of the top cryptocurrencies. The CryptoNote algorithm is released under an open-source license.
    • User-friendly: The cryptocurrency is simple and user-friendly as it can be operated with minimum technical ability. It highly focuses on convenience of users.
    • No special hardware for mining: The mining process of the ETN token takes place inside the app and does not require any special hardware like GPU mining rig or a computer with a high processing power.
    • Faster transactions: The platform enables anonymous and faster transactions.

    Where to buy Electroneum?

    The total supply of Electroneun (ETN) tokens is capped at 21 billion. The ETN tokens are listed on popular exchanges like Cyrptopia, Qryptos, and others.

    Electroneum Mining

    Electroneum can be obtained via the mobile mining experience on the app. The platform made mobile mining available in May, 2018. Once a user downloads the Electroneum app, they can start mining the ETN coins straight into their wallet in minutes. The Electroneum app also lets you manage your wallet and send or receive ETN tokens in a secure way. You can even check and monitor live ETN exchange rates.

    Electroneum Wallets

    Once you create an account on the Electroneum wallet manager, an Electroneum mobile wallet will be created automatically.

    Electroneum Price Trends

    On 22 May 2018 the market capitalisation of ETN tokens was $156,300,370 while the price of 1 ETN token was $0.022. In January 2018, the price of 1 ETN token was around $0.083. The price of the cryptocurrency was flat in the next few months as well and failed to hit the $1 mark.

    DateOpenHighLowCloseVolumeMarket Cap
    5/30/20180.0226980.0231040.0218510.022083161399000767240
    5/29/20180.0215130.0230040.0205160.0226941527920001008490
    5/28/20180.0225050.0225850.0202970.0214811596460001096020
    5/27/20180.0213980.0236880.0211250.0226571516120001499870
    5/26/20180.0205050.022250.0202970.021419145108000683150
    5/25/20180.0201680.020540.0196630.02054142550000582228
    5/24/20180.0195460.0204220.0188390.020182137983000538841
    ViewMoreLess

    Risks involved with investing in Electroneum

    It is advised to do thorough research on cryptocurrencies before investing in them as the process is quite technical. Cryptocurrencies are volatile in nature and are also subject to government regulations. Hence, it is advised to invest in mutual funds instead as they are more secure and reliable.

    Disclaimer:

    "The Reserve Bank of India (RBI) and Ministry of Finance has frequently cautioned the users, holders and traders of virtual currencies regarding the potential economic, financial, operational, legal, customer protection and security related risks associated in dealing with virtual currencies. RBI also further clarified that it has not given any licence/authorisation to any entity/company to operate schemes or deals related to Bitcoin or any virtual currency. RBI has also barred its regulated entities from dealing or providing services to any individual or business entities dealing with cryptocurrency. The Ministry of Finance has also officially stated that virtual currencies are not legal tender or coin.

    A&A Dukaan Financial Service Private Limited (“BankBazaar”) does not endorse investing or dealing in virtual currencies in any manner. The information provided on our website is solely for illustrative purposes and should not constitute investment advice or assistance in investing or dealing with crypto currencies. If you decide to invest or deal in cryptocurrencies, you should be aware that you will be dealing with the respective individuals or business entities dealing in cryptocurrency and BankBazaar has no role in any manner in such transactions or dealings. We strongly advise our visitors to invest in legally recognised financial instruments rather than risking their capital on virtual currencies which are unregulated instruments."

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