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RE: ELECTRONEUM (ETN) Re-Launch Tomorrow, What Might Happen to ETN Price? Here is my take!
great news! the only thing i dont understand is how it is trading? i invested in this ICO and then once it got underway it shut down and had to do a bunch of security stuff. so how can it be traded if it wasnt available at the time?
Well there are folks associated with the team who have been mining it and those coins are getting traded on exchanges. So normal folks like us who put money in the ICO did not get anything yet. I believe the team when they say they had security issues and had to prepare better. I'm not sure if the coins trading without investors ICO getting it first is a good thing, as there was good publicity which made the price go up. I guess we all paid less than 1 cent for a coin and in USD terms it is trading much much higher right now. When they distribute coins to ICO investors there is going to be lot of coins trading and the price should drop down momentarily though, but if lot of folks do hold and wait it should follow the pattern he is describing! Hopefully :)
Aram1231 anyone can mine ETN, not just people associated with the team. The ETN on the exchanges are from mining.
but how can you mine for them if its bin down this hole time?
i put money into this ICO (cant remember how much) but I got something like 12000 ETN tokens
It is being traded on Cryptopia
I agree, the desktop mining being possible is what I heard. But I could never login as well to download 'electroneum miner' to my PC as it was only available after logging in. Maybe it was available for a short time, but my guess was that folks part of the team or connected with them were able to access the miner to start the mining process as part of testing work and they were selling the coins in Cryptopia. However [-]piesarkin says anyone can mine, so maybe it is true. I will let him clarify further
Thanks for correcting! My answer was based on what I heard when it initially got listed in Cryptopia. I did not think of regular miners using PC/GPU mining this as I thought it may not be all that profitable at this point. The main USP was electroneum can be mined via mobile phone app and I don't think it is available in app store or android store. My bad!
ok. i havent seen the app for IOS, but I got an email from them today and I think he said in 2018 there should be an app for android and IOS