Electroneum $ETN

Electroneum, the cryptocurrency venture, has taken a bold step by coining the term 'enablement currency'. Aimed at bridging the digital divide, it is designed to unlock a new 3 trillion dollar market, as forecasted by Price Waterhouse Coopers in their 2017 Global Fintech Report. Its target audience includes over 350 million smartphone users from the developing world, who would be able to access the digital market for the first time.

Introduction to Electroneum

Electroneum brings to the table a unique proposition. It offers immediate benefits to mobile operators in developing regions, with the promise of significant transactional cost savings. The cryptocurrency project managed to raise 40 million dollars through its initial coin offering (ICO). As of now, it boasts more than 2.34 million registered users and ensures market liquidity through its unique mobile miner that puts a small amount of ETN into the hands of users every day. The project is swiftly expanding, with talks ongoing with more operators.

Viral Growth and Market Influence

The project's growth has outpaced popular social media platforms such as Facebook and Twitter over the same time period. This is primarily due to its strategy of driving viral growth and higher market liquidity by distributing a small amount of ETN to its users daily.

Challenges and Overcoming Them

While Electroneum's journey hasn't been without its challenges, the team's resilience shone through when they were hit by a distributed denial of service (DDoS) attack before the launch of their mobile app. The team pulled an all-nighter, working for over 26 hours straight to rectify the situation. Following some delay, the coins were distributed to the ICO investors and the project got back on track.

Team

Electroneum is the first British based cryptocurrency. The team, led by Richard Ells, comprises 12 members all based in Kent. James Atkinson, with more than a decade of experience in development, heads the development team, while Dean Cole is in charge of server development and maintenance.

Acceptance and Usage

In a world where digital currencies are still not universally accepted, Electroneum aims to reduce friction, especially in the online gambling sector. It has made mining more feasible for