Electeoneum update

Due to the bad stigma associated with icos i have been extremely hesitant despite their risk to reward ratio. After much hype and research i felt that Electroneum (Etn) would be a coin to really go big, why? MARKETING!

Businesses live and die by marketing or lack thereof. This coin was promising mass adoption through mobile mining, playing games and a massive budget for marketing.

The day of the launch brought much demise as all wallets were locked in due to a supposed hack. Im not implying conspiracy however etn launch was set for launch right around the time BTC was making history with its all time high. Which would leave very little money to be pushed to alts such as etn. Whether the developers held this back on purpose i cant say but i do find the timing suspicious.

All the while receiving updates on the coin from both Richard Ells and his team, creating transparency. Even though the news surrounding the coin has been anything but hopeful. I truly appreciate the constant updates however i still have mixed feelings as i feel they should have engaged the services of hackerone or done proper security testing BEFORE launching instead of taking away the biggest advantage an ico gives an investor which is the ability to determine the launch price on the exchange.

Despite having to wait 3-4 weeks for my coins, i am still positive about the team and their goal of mass adoption.

Please feel free to share any news, comments or updates. Have you been affected? Are you hodling or planning to dump?