Quote from: ChinkyEyes on October 26, 2017, 09:12:03 PM

Quote from: pokehero on October 26, 2017, 08:13:25 PM

Quote from: ChinkyEyes on October 26, 2017, 07:51:20 PM

I have a few questions I hope you guys can help me out with these.

1. How many tokens were sold during the ICO?
Whitepaper says there are total of 6.3 Billion tokens.

2. Is it possible to mine coins with iphone right now or after 1 november?

3. How many electroneum can there be total mined?

4. Why would you mine tokens when there was already an ICO to distribute them?

If you read the whitepaper, literally everything is there.

1. 4.4B were sold during the ICO. The leftovers from the ico are being pooled for the mobile miners to encourage growth.

2. It's impossible right now. ETN needs to be listed on an exchange before Apple allows the ETN app be put into their store.

3. 21B TOTAL supply. There is going to be an extra 15B that is going to be mined after the leftovers from the ICO are gone.

4. Wait what? Why would you mine? Mining ensures that transactions between consumers are confirmed. It generates ETN to the user who helps with the blockchain. You mine for more ETN...

Thanks, I was confused because it said "token" somewhere but it's a coin so I understand.

The way ETN uses the term, they're pretty interchangeable. Token just seems less obnoxious IMO than coin sale. But in this regards, it doesn't mean ERC20 token or the likes. I know it confused quite a few people I talked to.