Electroneum ICO Review- Is It a Scam?

[bitcoininvestor]

There's only 30 hours left until the 20% token bonus ends for the Electroneum ICO. It's been selling out very fast with their website displaying over 56,000 registered users and huge amounts of bitcoin and Ethereum already received.
https://my.electroneum.com/join/78AE9F

What is Electroneum?

Their aiming to gain mass adoption from the world's 2.2 billion smart phone users. To do this they plan on making it possible to easily mine their new cryptocurrency from your smart phone.
The new currency will have many benefits, including:
https://my.electroneum.com/join/78AE9F
[*] 21 Billion maximum coin volume so that transactions will just have 1 decimal place, they're aiming to make transactions feel more like FIAT that users are used to rather than having man decimal places like a bitcoin transaction generally would.
[*] Simple, easy to use wallets that can be managed by a user from their smart phone, also allowing users to mine the currency in the background of their phone.
[*] Very fast transaction speed, no more waiting ages for confirmations.
[*] Uses its own blockchain rather than piggybacking off of the Ethereum blockchain like many ICO's today.
[*] A very strong team behind the project aiming to finally take cryptocurrency main stream.

The Electroneum Team

The future project plans of an ICO are ofcourse always important but the first thing I look for in an ICO is a strong team behind it.
The CEO of the new project, Richard Ellis, has a long successful history business. He founded a digital marketing agency whilst still very young and 20 years later it's still going strong. He also founded Retortal which is estimated to be worth $50 Million.

How will mining work?

Most cryptocurrencies are still far too complicated for them to be mined by the average person, people just don't know how to install multiple mining rigs and look after them.
The new platform will have a free, easily downloadable app for any smart phone. As soon as the app is downloaded users will be able to mine cryptocurrency in the background.

Features that are already complete

The new platform has already completed most of the important features you'd expect with a successful cryptocurrency, such as:

[*] Developed their own blockchain.
[*] Developed an app based wallet, allowing anyone to easily start using it.
[*] App based mining, allowing users to mine from their phone.
[*] Offline wallet, so that you know your coins are completely secure.
[*] Windows wallet and Windows miner, allowing you to also mine from your PC.
[*] Blockchain explorer, allows everyone to view any transactions on the network.
[*] A new 3rd party payment API, allows third parties to accept or pay with the new currency.

The Cryptocurrency market

At the start of 2017 Bitcoin had a market cap of just $12 Billion, with Ethereum still new at just $700 Million. Today Bitcoin has a market cap of $40 Billion, with Ethereum not too far behind at $28 Billion.
There's now over 800 ALT coins trading, the market looks set to explode.

ICO Details

[*] The token sale started on the 14th of September and ends on October 31st or until the hard cap is reached.
[*] 6.3 Billion tokens available, so that transactions will only ever need 1 decimal point.
[*] Bonuses for early investors, currently there's still a 20% bonus available until the 12th of October.
[*] Any unsold coins will be added to the mining pool.
[*] The payment methods available are Bitcoin and Ethereum.

Bonus Tokens

If you sign up with the following link you'll get an additional 1% tokens on top of any other bonuses available:
https://my.electroneum.com/join/78AE9F

Electroneum ICO Conclusion

The new project has a great plan for taking cryptocurrency main stream, being able to mine and use the token from your mobile phone should help many more people feel that they can get started.
The team behind the project is one of the strongest I've ever seen, with the marketing knowledge there, there's no reason this ICO can't be a great success.
Check out a longer full review here:
https://steemit.com/crypto/@dan90/elect ... ico-review

[Alexeeee]

In short, it looks more like a kind of crap, but there are two variants, it will enter the market of crypto-values and it will be possible to start not so much, but still earn the second option, it will not come out and close and everyone will lose their money.