Electroneum (ETN) coin issuance price, total amount and white paper introduction

Electroneum's initial coin offering in 2017 issued ETN coins at a price of $0.01, raising $40 million for platform development.

Dec 31, 2024 at 11:27 am

Electroneum (ETN) Coin Issuance Price, Total Amount, and White Paper Introduction

Key Points:

• Electroneum (ETN) is a privacy-focused cryptocurrency designed for everyday use.
• ETN was issued at a price of $0.01 per coin during its initial coin offering (ICO) in 2017.
• The total supply of ETN is capped at 21 billion coins.
• The ETN white paper outlines the project's vision, technical details, and future roadmap.

Coin Issuance Price

• ETN was issued at a price of $0.01 per coin during its ICO, which took place from September 14 to October 31, 2017.
• The ICO raised a total of $40 million in funding.
• The proceeds from the ICO were used to develop the Electroneum platform and mobile app.

Total Amount

• The total supply of ETN is capped at 21 billion coins.
• 15 billion ETN were created during the ICO.
• The remaining 6 billion ETN are reserved for future development and distribution.

White Paper Introduction

• The Electroneum white paper was published in September 2017.
• The white paper outlines the project's vision, technical details, and future roadmap.
• The white paper also includes a detailed explanation of the ETN blockchain and its consensus mechanism.

FAQs

What is the purpose of Electroneum?

Electroneum is a privacy-focused cryptocurrency designed for everyday use. The project aims to make it easy for people to send and receive payments without the need for traditional financial institutions.

How does Electroneum work?

Electroneum uses a Proof-of-Work consensus mechanism to secure its blockchain. The blockchain is a distributed Ledger that records all transactions on the network. ETN can be sent and received using the Electroneum mobile app.

What are the benefits of using Electroneum?

Electroneum offers several benefits over traditional payment methods, including:

• Privacy: Electroneum transactions are private by default.
• Low fees: Electroneum transactions have very low fees.
• Accessibility: Electroneum is available to anyone with a mobile phone.

Where can I buy Electroneum?

Electroneum can be purchased from several cryptocurrency exchanges, including Binance, KuCoin, and Bittrex.

What is the future of Electroneum?

The Electroneum team is working to develop new features and integrations for the project. The team is also working to promote the adoption of ETN by merchants and businesses.

Conclusion

Electroneum is a promising cryptocurrency project with a strong focus on privacy and accessibility. The ETN coin has a low issuance price and a capped total supply, which makes it an attractive investment for many investors. The ETN white paper provides a detailed overview of the project's vision and technical details, which gives investors confidence in the project's long-term potential.