In the end, I'd like to classify Electroneum as a "shit packed in pink glittery paper" rather than a "scam". At least for now

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Good classification.

And in this words are some true. It's pity that same coins no one but much. They have 'idea' and it is all.
So it turns out that this project is really good, but the developers did not do it right and therefore it is better not to give them any investments. Can the situation change at a certain time? Although I'm sure that many projects that have initially bad potential, die even on take-off.