The day was November 1st, 2017 and Bitcoin buzz was everywhere. Bitcoin (BTC) was trading at $6759.17 and new cryptocurrencies were being born by the minute as the ICO world was booming with fresh investor money and endless pipedreams of vast riches. Investors were coming out of the woodwork to get in on this mysterious crypto craze as Bitcoin was rapidly increasing in value. They saw altcoins as a fascinating new way to enter the market at a lower cost. These various altcoins promised to be “the next Bitcoin,” using a wide array of technologies and principles to attract money into their initial coin offerings (ICOs). While some of these offerings were nothing short of snake oil; taking investor money and running, others have continued to build upon their technology; proving to their investor base and the world that they are a noble, worthy cryptocurrency that should be taken seriously. One coin that continued to show the world it is the latter was launched on that exciting day; Electronium (ETN).
Electronium (ETN) was created by digital business veteran, Richard Ells alongside his experienced team of software developers. Its purpose; to allow anyone with a mobile device easy access to a cryptocurrency.. Ells has a history of building successful digital businesses, including his digital agency with 20+ years in operation, and Retortal.com. Within moments of installing Electroneum’s mobile app, the user can see ETN being added to their wallet via Electroneum’s unique mobile mining process.
Not long after the massive $20K price peak for Bitcoin in December of 2017, the newly born crypto market saw an unprecedented recession from these all-time highs that brought the entire industry down into what was coined “Crypto Winter” which lasted nearly two years and put dozens of altcoins out of business,