Phoneum Project

Phoneum is the world's first truly Mobile-only Mining Solution. Phoneum mission is to provide equality to all by simplifying the mining process. It is unique because the custom algorithm and block chain structure that delivers truly mobile-only mining solution and simplified UI. Phoneum seamlessly integrates into users daily mobile device usage, enabling them to mine and support the advancement of this disruptive technology.It is a new, scalable model of mining that harnesses the power to mine from smart devices.
Phoneum has created a new accessible mining model that serves an untapped market,making cryptocurrency available to anyone with a smart mobile device. Phoneum will deliver a simplified user experience and platform enabling all users to participate in the new Cryptocurrency economy by earning Phoneum tokens on the mobile devices.The phoneum token to reward miners for positive network contributions and will be acceptable payments also.
Benefits:

1. An end-to-end mobile-only mined and maintained cryptocurrency.
2. A free and easy to use Android and iOS App, with built-in miner and cryptocurrency wallet.
3. A differentiated customized consensus algorithm to maximize earning opportunities- a blend of Proof of work and
   Proof of time as the consensus mechanism, enabling miners to earn rewards for total time spent in the app.
4. A Point-of-scale network in which to utilize PHM for everyday purchases and payments
5. Free peer-to-peer transactions for users and transaction fees at a fraction of the cost of traditional payment networks
   for merchants.
6. Not damaging to the smart phone due to the use of the phone's internal sensors.
7. Fast and secure P2P network of transactions for phoneum users.
8. Free peer-to-peer transactions for users and fractional merchant transaction fees to spur business adoption, thereby
   supporting.
9. Access to a point-of-scale network of merchants that accept PHM transactions.

website:
https://phoneum.io