List of Electroneum (ETN) currency issuance and listed trading platforms

Electroneum's listing on Binance, KuCoin, Bittrex, and HitBTC ensures liquidity, credibility, and accessibility, making it a conveniently tradable asset within the cryptocurrency market.

Jan 06, 2025 at 02:17 pm

Key Points:

• Electroneum (ETN) is a privacy-focused cryptocurrency that prioritizes accessibility and ease of use.
• ETN is listed on multiple reputable trading platforms, ensuring its liquidity and availability to investors.
• Understanding the issuance and trading landscape of ETN is crucial for informed investment decisions.

Currency Issuance

• Initial Coin Offering (ICO): ETN's ICO took place in September 2017, raising approximately 40 million USD. The funds were utilized for project development, marketing, and operational expenses.
• Periodic Release: ETN employs a unique issuance model that involves periodic releases of coins. New batches of ETN are released every 12 days to maintain a steady flow of tokens while controlling inflation.

Listed Trading Platforms

• Binance: Binance is the world's largest cryptocurrency exchange by trading volume. It offers ETN trading against various fiat currencies and cryptocurrencies.
• KuCoin: KuCoin is a reputable exchange known for its wide selection of altcoins. It supports ETN trading pairs with popular cryptocurrencies and stablecoins.
• Bittrex: Bittrex is a trusted exchange with a focus on security and regulatory compliance. It provides ETN trading against BTC and USDT.
• HitBTC: HitBTC is a popular exchange among experienced traders. It offers ETN trading pairs with a wide range of cryptocurrencies.

Benefits of Listing on Reputable Platforms

• Liquidity: Listing on established trading platforms ensures a consistent pool of buyers and sellers, facilitating seamless trading.
• Credibility: The presence of ETN on reputable exchanges reinforces its legitimacy and credibility within the cryptocurrency community.
• Accessibility: Traders can easily access ETN through multiple platforms, reducing the barriers to entry.

Frequently Asked Questions (FAQs)

• What is the total supply of ETN? The total supply of ETN is 21 billion coins, with a predetermined issuance schedule.
• How can I buy ETN? ETN can be purchased through the listed trading platforms mentioned earlier.
• What is the purpose of the periodic coin releases? The periodic releases are designed to control inflation, regulate supply, and maintain a healthy market equilibrium.
• Is ETN a good investment? The potential return on investment in ETN, as with any cryptocurrency, depends on various factors such as market conditions, technological advancements, and adoption.
• How can I store ETN safely? ETN can be stored in official ETN wallets or reputable hardware wallets. Proper storage practices are essential to prevent unauthorized access and secure your assets.