Hello Everyone!

With the last days of the ICO upon us, we are launching a final sale that includes a 25% bonus for all who participate. If you love Phoneum and Crypto Treasures, please consider investing and becoming a Founding Member.

Participants in the ICO will receive a special Phoneum Invite and will be enrolled in our VIP Program that will be rolled out in Q2, 2019. We will announce further details soon.

We are pleased to announce a competition sure to cause much excitement!

Become the Chest Master and win an All-Expense paid trip for seven days to The Bahamas for two (more details to follow). This competition will run from April 1, 2019 – December 31, 2019, and is based on who opens the greatest number of chests. (With the official full release, we will be resetting "Chests Opened" to zero.)

A new App code-named Earnest – Cloud-Based earning mechanism to bring back the initial Phoneum feel will be released also in Q2, 2019. We will announce further details soon.

Thank you for your continued support. We're excited about the upcoming launch and hope that you will help spread the word, invite your friends, and support Phoneum by becoming a Founding Member.

Respectfully,
The Phoneum Team

Hello everyone,

as a way of saying THANK YOU FOR YOUR SUPPORT, we are pleased to announce that for 72 hours, Starting on Tuesday, October 2nd at 11am EST, we will be running a special promotion if you invest using ETH.

1ETH will equal $400.00 USD!

This means that for every ETH you invest, you will receive 40,000 PHM tokens. There is no limit to the amount of ETH you invest, however it must be in full amounts. (eg. 1, 2, 3, 4, 5, etc) Partial amounts will not be accepted towards this promotion.

Once the 72hrs ends, we will credit all of the accounts that have invested at least 1 ETH the required number of tokens.

PLEASE NOTE: This is a special promotion and can not be combined with any other promotions currently available. (Any full ETH invested during the next 72hrs CAN NOT be included in the previous and on-going $500 investment promotion. The ETH will not be counted towards a $500 investment.)

If you have any questions, please send an email to contact@phoneum.io or post in the telegram group (https://t.me/Phoneum)

We thank you in advance for your participation.

The Phoneum Team

 

August 28, 2018 - We are pleased to announce that Phoneum will be adopting the Bancor Protocol. Using the Bancor Network, holders of the Phoneum token (PHM) will be able to convert PHM to any token on the Bancor Network. Users who want to buy PHM tokens will be able to buy them directly through the Bancor Web App.


“We believe that mobile technology will drive cryptocurrency adoption. In our search for the best technologies to integrate, Bancor continuously came out on top.” Said Ivan Likov, the founder of Phoneum. “We like how their system is fair and equitable. It is based on the buys and sells of a token and no spread is created, unlike other networks.”

Bancor is not like other exchanges where people buy and sell tokens. The Bancor Protocol involves various Relay Tokens. A Relay Token is an ERC20 compliant token that is configured with two connectors, one that holds a balance of BNT and one that holds a balance of another ERC20 token. So, it can be PHMBNT (Phoneum Bancor Relay) or ETHBNT (Ether Bancor Relay). Converting one token for another is done through these relays on the Bancor Network.

Understanding the Phoneum token Relay:


The Relay Token will hold two token types. One is the PHM and the other is BNT. People who want to convert tokens using our Relay Token can send one type of token to our Relay Token (like BNT) and this will then buy an intermediate token called PHMBNT. This will then be exchanged for PHM.

Each step of the transaction will incur 0.1% transaction fee. There were two conversions in this case, so the fee would be 0.2%.

Therefore, using a transaction path we can convert PHM to any other token on the Bancor Network in no more than two steps.

ETH > BNT > PHMBNT > PHM (this can also work in reverse)


About Bancor
Bancor Protocol is a standard for the creation of Smart Tokens™, cryptocurrencies with built-in convertibility directly through their smart contracts. Bancor utilizes an innovative token “connector” method to enable formulaic price calculation and continuous liquidity for all integrated tokens, without needing to match two parties in an exchange. Smart Tokens interconnect to form token liquidity networks, allowing user-generated cryptocurrencies to thrive. To convert tokens instantly, visit the Bancor Web App or join the Bancor Telegram group for more information.

About Phoneum
Phoneum set out to deliver a simplified user experience and platform enabling all users – regardless of technical aptitude – to fully participate in the new cryptocurrency economy. Phoneum tokens (PHM) can be earned through mining, through the purchasing of tokens on an exchange or by redeeming tokens to create a transaction. Phoneum is a decentralized cryptocurrency and product that is revolutionary with its customized blockchain and algorithm for consensus. It was developed specifically for mobile devices (Android and iOS). The Phoneum application and product focuses on ease-of-use and speed of a transaction. Phoneum’s mission is to drive mainstream adoption of cryptocurrencies by allowing anyone with a mobile device to participate.

For more information or to register,
Website and links to download: https://www.phoneum.io/
Telegram: https://t.me/Phoneum

August 21, 2018 – It is our pleasure to announce that today, Tuesday, August 21, 2018, we have exceeded our Soft Cap. The investment fund contacted us soon after our announcement that we were going to take the Google Play Store head-on and distribute our app directly from our website, along with other third-party download sites.

Ivan Likov, the founder of Phoneum, in speaking about the investment, “They (the investment fund) agree that mobile mining should be made available for all, regardless of income or location. It is time to even the playing field and give everyone with a smart device the opportunity to participate in making cryptocurrency relevant now and in the future.”

Following the commitment, we have surpassed the $1,000,000.00 USD Soft Cap. Including the private, presale and current ICO phases, we have now raised more than $2,300,000.00. This means that Phoneum will not only become a reality, but that it will allow us to grow and become leaders in the mobile mining industry.

We want to thank everyone that has supported us in these months, every team member, every contributor and every airdrop and bounty participant: this achievement is yours as well as ours!


So, what’s next?

This adventure is far from over. We won’t stop or sit on the wonderful work we’ve done until now. We’re more excited and motivated than ever to keep moving forward. We have many improvements planned for the apps, partnerships to create and exchanges to work with, so stay tuned!

To learn more, visit: https://phoneum.io

An exciting update to announce: Upon review, we will NOT BE resetting the miner. That means anyone who invests $500.00 or more until the ICO ends will receive a portion of all the tokens mined, currently sitting over 857k!

What does this mean for you?

Let’s say you are one of 40 people* to invest $500.00 or more, you can expect at least an additional 21,425 tokens*. This total number mined will only go higher, as it doesn’t end until September 30, 2018!

Good luck and thank you for your support.

*Note: The above is an example and completely dependent on the number of people that participate as well as the number of tokens mined throughout the duration of the ICO.

August 16, 2018 – Phoneum is pleased to announce that they have partnered with Aircoins to be included in their ground-breaking Augmented Reality (AR) app.

“We are really excited to have our tokens added to the Aircoins app,” stated Ivan Likov, founder of Phoneum. “They are at the forefront of educating people about cryptocurrency by delivering a fun, easy-to-use, intuitive app. We believe mobile is where crypto is heading, so it was a no-brainer to work with Aircoins.”

The Aircoins app allows people to collect tokens from Phoneum and other partners, much like the wildly popular app, Pokemon GO, that got people off their couches and into the world around them.

About Phoneum
Phoneum set out to deliver a simplified user experience and platform enabling all users – regardless of technical aptitude – to fully participate in the new cryptocurrency economy, earning or purchasing tokens or redeeming to make a purchase. Phoneum is a decentralized cryptocurrency (PHM) and product that is revolutionary with its customized blockchain and algorithm for consensus, optimized for mobile devices. The revolutionary Phoneum application and product focuses on ease-of-use and speed of transaction to be able to deliver on Phoneum’s mission to drive mainstream adoption of cryptocurrencies and mining them.

For more information or to register:
Website and links to download: https://www.phoneum.io/
Telegram: https://t.me/Phoneum

About Aircoins
The purpose of the Aircoins App is to combine fun, cryptocurrencies, and the in-app convenience of a low-cost Crypto exchange. Inside the game, Crypto-coins are free to collect for gamers who download the App. Just as in a traditional (offline) treasure hunt, many types of coins and assets can be located and collected.

To learn more or to download the app:
Website:  https://aircoins.co/
Telegram: https://t.me/aircoins

Hello Everyone!

Today we’d like to share a new opportunity for people that invest $500.00 or more into our ICO.

A share of the mined tokens during beta!

For every investor that makes an investment of $500.00 or more and mines until the end of the ICO, they will be rewarded with a portion of the tokens mined.

We will be resetting the counter to zero (0) on Thursday, August 16, 2018 at 11am ET. When the ICO ends, we will take a snapshot of the total tokens mined during that time frame.

We will then disperse them evenly amongst all participants that invested $500.00 or more and mined for the duration of the promotion.

If 750,000 PHM tokens are mined and 60 people invest $500.00 or more, they will each receive 12,500 PHM tokens in addition to those they previously purchased.

We’d also like to remind you that Phoneum has minted silver and gold coins.

if you invest $1,000.00 - $5,000.00 you will receive a minted silver coin*
If you invest more than $5,000.00 you will receive a minted gold coin*

(*These will be sent after the ICO is complete. An email will be sent to those who qualify. This is on top of the mined beta token offer)

This is our way of saying thank you for supporting Phoneum, we appreciate each and every one of you.

https://i.redd.it/lmxs54gprbg11.jpg

We’d like to welcome Carlo Buonpane to the team as our most recent advisor. He brings with him a wealth of experience, as an entrepreneur, investor, crypto enthusiast, coach and mentor. He has over three years of experience helping other crypto projects raise funds and is excited to join Phoneum and to assist in the ICO process.

We have kindly stated in the app when you use it each time that all tokens mined during the beta stage will be burned. This is due to being on testnet. You can mine real tokens sometime in Q4.

Amazing Phoneum mining farm by one of our loyal supporters! 

https://pbs.twimg.com/media/DkZ7SJMXsAA1EyS.jpg:large

Hello baccar, please fill the application form on our website, since that's the only official way to get in. I see that you are a skilled translator, but please, follow the procedure, thank you!

Before signing up, we ask that you read and understand the requirements: https://phoneum.io/bountycampaign.html

Hello everyone!

Recently we have been made aware of Google banning crypto currency mining apps in their Google Play Store. This comes on the heels of Apple banning mining apps a month ago.

We at Phoneum applaud this decision. Sometimes cleaning house is required in order to reestablish credibility. Gone will be the apps that overheat phones, destroy battery life, mine in the background without permission, or make promises that can’t be delivered upon.

Unfortunately, we fully expect that our app will be thrown into this basket, without fully understanding the capabilities or the science behind Phoneum.

But we also believe that as the word gets out, acceptance will come. And with that acceptance, the ability to truly mine on a smart mobile device.

Ivan Likov, the founder and lead developer on the Phoneum project has spent years creating an algorithm that can mine on a smart mobile device, just as one would while using an expensive mining rig. He took the unusual route of self-funding and creating a Proof of Concept (PoC) to prove the naysayers wrong. Phoneum believes in transparency and will be releasing the code on GitHub when we are on the main net later this year.

Imagine for a moment, how true mobile mining changes the game. With over 2.1 Billion smart devices worldwide, the playing field has never been more even.

How does this work?

Phoneum uniquely combines Proof of Work (PoW) and Proof of Time (PoT) consensus mechanisms in which to earn PHM tokens. This combination ensures all miners are rewarded for their participation and contribution to network growth – rewarding all miners for any time that is spent running the Phoneum app, unlike traditional PoW consensus algorithms that only reward the miner who is first to solve the cryptographic puzzle. The algorithm has been developed to separate ASIC or computer-based miners to ensure they do not game the network and ensures a level-playing field for mobile-only miners.

The app is designed to leverage a device’s built-in battery and CPU sensors to monitor device temperature and ensure that it does not overheat. If a smart mobile device approaches overheating, the user will receive a notification that they are temporarily “off” from mining. However, unlike in a Proof of Work (PoW) only consensus mechanism where a computer must be constantly doing work in order to earn rewards (Which can lead to increased risk of overheating) Phoneum’s customized algorithm integration of Proof of Time (PoT) will enable miners to continue to earn rewards. While the mining function in the app is not active, it is still functioning as a node while the app is open and this Proof of Time (PoT) applies to help miners to continue to earn rewards.

We have data to back this up. We began alpha testing first on Android in January 2018. We maxed our cap of 10,000 downloads, with not a single reported incident of overheating or shortened battery life. In fact, the data in many cases showed that the Phoneum app used less resources than the majority of popular apps on the Google Play Store. The iOS Beta was launched in February 2018 and was capped at 10,000 downloads. Again, no reports of overheating or shortened battery life. Currently we are running on a combined testnet that allows for both Android and iOS to coexist. We have over 13,000 active miners online. They too have not reported any issues with the apps and applaud its simplicity and stability.

Our mission is to provide mining for everyone. While Google (and Apple) feel the need to ban mobile mining apps, we have made the conscious decision to release Phoneum outside of the Google Play environment. The incredibly popular game, Fortnite, has recently announced a similar approach.

Starting today, you can download our Android app directly from our website: https://phoneum.io/

We have also made it available on the following popular third-party vendors:

Mobilism: https://forum.mobilism.org/viewtopic.php?f=399&t=2691356
Xda-Developers: https://forum.xda-developers.com/android/apps-games/app-phoneum-mobile-cryptocurrency-v1-6-t3825469

We recently undertook an ICO to raise the funds to finish the app. The ICO runs through September 30, 2018. To learn more, visit: https://phoneum.io

If you would like to contact Ivan Likov for inquiries or to invite him to speak at you event, please send an email to: marketing@phoneum.io

Phoneum is excited to announce that we have just launched our Bounty Campaign! We have allocated 10,000,000 PHM tokens for translation, article writing, video creation and signature campaigns.

The website has just been updated and you will see the changes in the next couple of hours and can sign up to participate at https://phoneum.io

Thank you for your continued support!