Electroneum (ETN) coin issuance price

Electroneum (ETN), a cryptocurrency launched in 2017, aimed to make cryptocurrency accessible to the underbanked with a low issuance price of $0.01 USD.

Jan 06, 2025 at 03:38 pm

Key Points:

• Electroneum (ETN) is a cryptocurrency designed for mobile transactions.
• ETN coin issuance price was set at $0.01 USD.
• ETN aimed to make cryptocurrency accessible to the unbanked and underbanked.
• Two billion ETN coins were initially issued.
• ETN's market capitalization reached $1 billion within two weeks of launch.

Electroneum (ETN) Coin Issuance Price

Electroneum (ETN) is a cryptocurrency that was launched in 2017 with the aim of making cryptocurrency accessible to the unbanked and underbanked. ETN was designed for mobile transactions, and its coin issuance price was set at $0.01 USD.

ETN Issuance and Distribution

A total of two billion ETN coins were issued at launch. The coins were distributed through a mobile app, which allowed users to mine ETN using their smartphones.

ETN's Rapid Rise

ETN quickly gained popularity, and its market capitalization reached $1 billion within two weeks of launch. The coin's low issuance price and ease of use made it attractive to investors and users alike.

Challenges and Criticism

Despite its initial success, ETN faced several challenges and criticisms. Some critics questioned the coin's underlying technology, while others raised concerns about its environmental impact.

Current Status

As of 2023, ETN's market capitalization is approximately $60 million. The coin continues to be traded on several cryptocurrency exchanges, but its price has remained relatively stable in recent years.

FAQs

Q: What is the electroneum (ETN) coin issuance price?
A: Electroneum (ETN) coin issuance price was set at $0.01 USD.

Q: When was ETN launched?
A: ETN was launched in 2017.

Q: What is the purpose of ETN?
A: ETN was designed to make cryptocurrency accessible to the unbanked and underbanked.

Q: How many ETN coins were initially issued?
A: A total of two billion ETN coins were initially issued.

Q: What is the current market capitalization of ETN?
A: As of 2023, ETN's market capitalization is approximately $60 million.