The Launch of the long-awaited record-breaking ICO will finally be happening in a few hours from now. Electroneum was initially planned to go live on 1st of November 2017 but due to some security loopholes, the wallets of investors were held back as the company thought the security of their investors was a top priority. The company its self was not affected directly by the hack attempt but their investors who had used same email addresses elsewhere were targets of a potential attack. Nevertheless, mining went on smoothly and the company was also listed on Cryptopia. To prevent any future attacks, the company also hired third-party security firm Hackerone to run a full security check given its increasing popularity. This check went successfully with no major issues found.
Should you invest and HODL Electroneum?
After a month of hard work from the Electroneum team, they are now certain their investors are fully safe and have scheduled a re-launch for 13th December 2017 at 12 noon UK time. This announcement saw a jump in its price which now hovers somewhere around $0.12 and $ 0.13 (more than 10x ICO price). It is believed that Electroneum will see mass adoption given the great team behind the company. Here are some reasons why it will be a successful coin;
Firstly, they have already secured a partnership with a South African mobile phone operator with millions of users and several other partnerships in the pipeline which should unfold in the coming days and weeks.
Secondly, it is the only cryptocurrency which is designed to two decimal places. This is aimed at making its users feel more comfortable using it given the fact that it feels as normal Fiat currency with two decimal places which they are used to and currently the only coin doing so.
Also, the team has a great marketing history which will help draw attention to the coin not only from users but also partners. Looking at the other top coins like Bitcoin and Ethereum, they are succeeding already without marketing. Imagine the mass adoption which marketing will bring.
Furthermore, they have an app which gives users a mining experience. This is expected to have a warm reception as mining with almost all other coins currently in the market is targeted towards investors who have thousands of dollars to spend on mining equipment.
They also plan on targeting the gaming and gambling industry. This is a huge market which is almost untapped yet. If they succeed to get some big names onboard, it will be a game changer for the coin.
Similarly, their partnership with Hackerone will result in potential partners trusting the coin even more given the fact that many other cryptocurrency companies and wallets are experiencing hacking problems costing user’s tens of millions of dollars.
Lastly, they have a very great community on social media which already require no extra marketing from the team as the commitment and strong believe from the community alone is already affecting the coin in a very positive way and is bringing in many more newbies into Electroneum.
What do you think about this coin? Do you think it will be the coin of the future to become popular like Litecoin and Bitcoin? Are you Holding your position after the wallets go Live?
Please let us know in the comment section below.