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Electroneum Launches $80 Smartphone that Rewards Users with ETN

News reaching Ethereum World News indicate that the team at Electroneum have released a new smartphone that rewards users with ETN and has a pocket friendly price tag of $80. The device, dubbed the M1, incorporates the project’s cloud mining technology and enables users to earn cryptocurrency through a simple app. Through the phone, Electroneum is using the power of the blockchain to unlock the global economy for millions of people in the developing world.

Below is a tweet by the team also announcing the launch of the smartphone.

Earn $3 Worth of ETN Per Month

The smartphone’s app-based cloud mining system makes ETN more accessible to users. The device has the potential to earn owners up to $3 a month. The ETN earned can be used to pay for services such as mobile top ups (airtime and data connection) and other services such as online shopping.

Electroneum CEO and founder, Richard Ells, explained how the M1 was the result of having the best working on developing of the phone.

With our experience in tech, we were able to gather a world-class team consisting of telecommunications, manufacturing, emerging area mobile-operators, product design and marketing specialists, all helping to make this utopian vision of ours a reality.

Without the broad range of talent and expertise, we could never have imagined the possibility of making a product of this calibre accessible for anyone in the world, and we are extremely proud of the result.

The M1 has the following standard features:

  • Android 8.1 Go Edition
  • 8GB Internal storage that is expandable to 32GB
  • 4.5″ touchscreen
  • 4G connectivity
  • Dual SIM
  • Bluetooth 4.0
  • GPS
  • Front (2 MP) and Rear (5MP) cameras
  • 1,600 mAh Battery capacity
  • 1 Year warranty

Weiss Ratings Opinion of the Phone

However, not everyone is convinced about the capabilities of the new M1 smartphone by Electroneum. In a recent tweet, the team at Weiss Ratings was very doubtful that the mining capabilities of the phone were actually functional. The tweet stated the following.

#Blockchain startup #Electroneum launches a cheap Android Smartphone that “mines” #crypto: It costs $80 and they claim it can mine up to $3 per month worth of #ETN, Electroneum’s native token. Fake mining from Electroneum.

What are your thoughts on the M1 smartphone by Electroneum? Will it ease crypto adoption across the globe? Please let us know in the comment section below. 

[M1 Smartphone image courtesy of]

Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you

The post Electroneum Launches $80 Smartphone that Rewards Users with ETN appeared first on Ethereum World News.

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Today’s Double Digit Gainers: Ox (ZRX), Bitshares (BTS), Gas (GAS), ETHOS and ETN

Some crypto traders have put forth the idea that June 29th might have been the beginning of the 2018 Bitcoin (BTC) bull run. This is because the King of Crypto lept from levels of $5,800 to $6,400 in a time-span of less than 12 hours. BTC spiked once again on the 2nd of July from the levels of $6,300 to those around $6,600. The King of Crypto is currently trading at $6,701 and up 2.55% in 24 hours at the moment of writing this.

With a healthy and stable Bitcoin, comes a correspondingly responsive and healthy crypto market. Scrolling down yields the observation of a few coins and tokens doing double digit gains as shall be elaborated below.

Ox (ZRX) is currently trading at $1.01 and up 12.36% in the last 24 hours. The Ox project promises an open, permissionless protocol that will allow for the trading of ERC20 tokens on the Ethereum blockchain. The project hinges on the fact that the future economy will be tokenized to some degree.

BitShares (BTS) is also sharing in the glory of a healthy market. The coin is currently trading at $0.17 and up 11% in the last 24 hours. The BitShares platform offers a stack of financial services including an exchange and banking on a blockchain.

Ethos (ETHOS) is another token doing double digit gains. The token is currently valued at $2.18 and up 32.74% in the last 24 hours. The Ethos wallet allows users to store, track, learn send and receive digital assets in one convenient place. There are plans of creating a cold wallet that would be fully integrated to the mobile wallet.

Another coin doing double digit gains is Electroneum (ETN) which is currently valued at $0.015 and up 18.46% in the last 24 hours. The project aims at allowing smartphone users to enter the digital market in an easier and efficient manner. The Electroneum app can provide mining services as well as instant payments that will be available by the end of the year.

Neo’s Gas (GAS) is also in the league of double digit gainers. The token is currently valued at $15.13 and up 20.24% in the last 24 hours. The Gas tokens are generated on the NEO network to pay for transactions on it. The inflation of Gas tokens is controlled by a decaying half life algorithm that will release 100 million GAS over approximately 22 years.

So there you have it ladies and gents. These 5 cryptocurrencies showcase the tokens and coins doing double digit gains in the top 100 ranking on