Re: [ANN][ICO] ⚡ Electroneum ⚡ Token Sale Sept 14th Mobile Mining Crypto Coin

i bought in, but they remind me of those fake plastic fake coins u used to have which u played with in kindergarten... someone on youtube said 1 cent is way overpriced. I think he could be right. Or is really. But i hope im wrong.

On the same boat as you. Bought in to ETN, but I dont see how people can throw around values like $1/coin. Even after 1 year that would be very very optimistic. Obviously I would love to see it happen, but to me that is a very naive thinking. Firstly, a lot of people who bought on discount will dump, secondly since it will be easy to mine the incentive for buying would be lower. Hope I am proved wrong.

No chance of it hitting $1 anytime soon. I think people just do not understand how many coins are in circulation and just comparing it directly with bitcoin or something.

Is this an ETH token or its own thing? I see mobile mining and then I see this will use the cryptonote algo.

It's its own thing. It's a fork of Monero, to keep transactions private. They have their own blockchain. Mobile "mining" is just a term used by them to market towards people who don't know much about cryptocurrency. For the most part, people only really know about Bitcoin and that there's mining involved, whatever that means to them. It's just a simulation where coins are airdropped to the user based on the hashing power of the CPU on their phone. However, the desktop miner is full fledged and will use your CPU to mine, as oppose to a GPU miner or an ASICS miner. This will prevent whales and larger entities to farm ETN, well discourage them.