Electroneum Price

(ETN)
USD($)
Electroneum (ETN) Live Price Chart

Electroneum Live Price Data

The live price of Electroneum is $0.001944, with a total trading volume of $ 39,264 in the last 24 hours. The price of Electroneum changed by -4.09% in the past day, and its USD value has decreased by -2.31% over the last week. With a circulating supply of 17.98B ETN, the market cap of Electroneum is currently 34.79M USD, marking a --% increase today. Electroneum currently ranks #-- in market cap.
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Note: This data is for reference only.
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Electroneum(ETN) Profile

altRank--
rate--
Expand
Documentation
Contract
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Audited By
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Code & Community
Investors
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$0.001930
$0.002114
$0.236233
-0.05%
-4.09%
-2.31%
$34.79M 
$39,264 
17.98B
21B

About ETN

How can I buy Electroneum (ETN)?

Buying ETN on KuCoin is fast and simple. Create an account, verify your identity, deposit funds, and start your trading. It's that simple! See How to Buy Electroneum (ETN) for more information.

What Is Electroneum (ETN) Crypto?

Electroneum is a Layer 1 EVM-compatible blockchain, catering to 4+ million users worldwide. The network boasts transaction speeds of just 5 seconds with instant finality and potentially the lowest smart contract fees available. Powered by the IBFT consensus mechanism and supported by known validators (targeting universities and Web3 infrastructure companies), the network is incredibly fast, secure and energy efficient. ETN provides the backbone for AnyTask.com a successful freelance platform in the crypto space.

How Does Electroneum Work?

Electroneum (ETN) works as a mobile-first cryptocurrency designed to make transactions easy, particularly for people without access to banking. You can use Electroneum via its mobile app, which acts as a wallet and allows you to send and receive ETN, pay for services like mobile airtime and utilities, and buy products in over 140 countries.

 

ETN uses a consensus mechanism called Proof of Responsibility (PoR). In this system, only approved nodes (run by trusted organizations) can process transactions, which helps secure the network. Additionally, Electroneum offers a mobile mining feature, where you simulate mining through the app to earn small amounts of ETN. This encourages user engagement without draining your phone’s battery or data.

History of Electroneum and ETN Coin

Electroneum (ETN) was founded in 2017 by Richard Ells, a British entrepreneur with experience in digital companies like Retortal and SiteWizard. The project was launched after a successful Initial Coin Offering (ICO), raising $40 million. The official launch of the platform took place on October 31, 2017.

 

The project has expanded to include platforms like AnyTask.com, a freelance marketplace where users can earn ETN for completing digital tasks. The roadmap includes ongoing efforts to integrate ETN into everyday transactions and improve accessibility in developing regions.

What Is ETN Token Used for?

Electroneum (ETN) is primarily used for mobile-based payments and transfers. It enables users to send and receive money quickly and at a very low cost, making it ideal for cross-border transactions. ETN is widely used in countries where traditional banking services are limited. You can use ETN to pay for services like mobile airtime, data, and utility bills in over 190 countries.

 

Additionally, Electroneum powers the AnyTask platform, a freelance marketplace where users can earn ETN by completing digital tasks without needing a bank account. This gives people, especially the unbanked, access to the global digital economy. 

 

You can also trade Electroneum against other cryptocurrencies on the KuCoin Spot Market to make the most of changing market conditions. After you DYOR, you can buy, sell, or HODL $ETN in your portfolio based on your investment goals and risk tolerance.

What Is Electroneum Tokenomics?

Electroneum (ETN) has a capped total supply of 21 billion tokens. The tokenomics of Electroneum support its mission of financial inclusion, with the network using the IBFT consensus mechanism for fast, secure, and energy-efficient transactions. Validators, such as universities and NGOs, maintain the network’s security and support charitable initiatives through rewards from mining.

Electroneum (ETN) Price Movements ($)

PeriodChangeChange (%)
Today$-0.000084-4.09%
7 Days$-0.000056-2.75%
30 Days$-0.000229-10.50%
3 Months$-0.000054-2.65%
24H Investment Barometer
24H
Buy
The Investment Barometer represents the current sentiment of the majority of KuCoin users. It is based on multiple indicators, and can be used as an aspect to take into consideration when planning investments.
Risk warning:Please note that the Investment Barometer is provided for informational purposes only and is not an investment advice. Investing carries risk. Please make investment decisions cautiously and based on your own judgement.
Strong SellSellNeutralBuyStrong Buy
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Electroneum Conversion Rate

  • 1 ETN to USD$0.00194478
  • 1 ETN to EUR€0.00184421
  • 1 ETN to AUD$0.00298457
  • 1 ETN to KRW₩2.71
  • 1 ETN to JPY¥0.30086098
  • 1 ETN to GBP£0.00153716
  • 1 ETN to INR₨0.1642493
  • 1 ETN to IDRRp30.95
  • 1 ETN to CAD$0.00271639
  • 1 ETN to RUB₽0.19545015

FAQ

How much is 1 Electroneum (ETN) worth?
KuCoin provides real-time USD price updates for Electroneum (ETN). Electroneum price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time ETN to USD exchange rates.
Is Electroneum (ETN) a Good Investment?

Investing in Electroneum (ETN) offers several potential advantages:

 

1. Accessibility for Unbanked Populations: ETN focuses on providing financial inclusion for the unbanked, offering an easy way to perform transactions globally using just a mobile phone. This creates opportunities for millions of people to participate in the digital economy.

 

2. Low-Cost, Fast Transactions: Electroneum provides fast, secure transactions with very low fees. You can send money across borders quickly, making it ideal for global remittances.

 

3. Mobile Mining: With Electroneum’s app, users can earn ETN through a simplified mobile mining process. This makes it easy for everyday people to accumulate ETN without expensive equipment.

 

4. Real-World Utility: You can use ETN to pay for everyday essentials such as mobile data, electricity, food, and transportation in over 190 countries. The AnyTask platform also allows freelancers to earn ETN for digital tasks without needing a bank account.

 

5. Growing Ecosystem: Electroneum continues to form partnerships and expand its utility, including integration with telecom and e-commerce platforms, making it more widely accepted and used.

What Is Electroneum Price Prediction?

Several factors influence the ETN price prediction: 

 

1. Adoption and Utility: ETN's real-world usage, particularly in over 190 countries for services like mobile top-ups, electricity payments, and through platforms like AnyTask for freelancers, directly impacts demand and the Electroneum price. The more it's adopted for everyday transactions, the higher the demand, potentially driving up the ETN price.

 

2. Market Sentiment: Like other cryptocurrencies, the overall market sentiment around blockchain and crypto trading affects the ETN to USD price. Positive news, such as new partnerships or developments, can boost prices, while negative market sentiment can lead to drops in the $ETN price.

 

3. Supply and Circulation: With a maximum supply of 21 billion ETN and about 85% already in circulation, the token's scarcity as it reaches its cap can also play a role in ETN crypto price fluctuations. Higher demand with limited supply can drive ETN token price up over time.

 

4. Technological Updates: Electroneum’s frequent updates, such as the "Aurelius" blockchain upgrade and its move to an EVM-compatible Layer 1 blockchain, can positively influence the ETN coin price by enhancing speed, security, and scalability.

 

5. Global Economic Factors: Broader economic conditions, including regulatory developments or macroeconomic events affecting the crypto market, can influence ETN’s value.

How to Mine ETN on Electroneum

To mine Electroneum (ETN), you have two main options: using mobile cloud mining or setting up a more advanced mining rig with ASIC hardware.

 

1. Mobile Cloud Mining

i. Download the Electroneum app from Google Play or the App Store.

 

ii. Sign up for an account and activate the cloud mining feature within the app.

 

iii. Once activated, you can mine ETN without needing to keep the app open. However, you need to check in at least once a week to keep the mining going. This method is simple and doesn't drain your phone's battery or data heavily.

 

2. ASIC Hardware Mining

i. For more advanced users, you can mine ETN using ASIC hardware like the Antminer X3 or Baikal Giant N. These devices are optimized for the CryptoNight algorithm that Electroneum uses.

 

ii. Connect your ASIC to a power supply and a stable internet connection.

 

iii. Join a mining pool (such as Spacepools or F2Pool) to increase your chances of earning consistent rewards.

 

iv. Once set up, configure your ASIC with the pool URL, your wallet address, and other required settings via the device’s web interface.

 

While mobile mining is more accessible for beginners, ASIC mining is recommended for those seeking higher returns but requires more investment in hardware and electricity.

What is the all-time high price of Electroneum (ETN)?
The all-time high price of Electroneum (ETN) is $0.236233. The current price of ETN is down 0.99% from its all-time high.
What is the all-time low price of Electroneum (ETN)?
The all-time low price of Electroneum (ETN) is $0.001296. The current price of ETN is up 0.50% from its all-time low.
How much Electroneum (ETN) is there in circulation?
As of 11 21, 2024, there is currently 17.98B ETN in circulation. ETN has a maximum supply of 21B.
What is the market cap of Electroneum (ETN)?
The current market cap of ETN is $34.79M. It is calculated by multiplying the current supply of ETN by its real-time market price of $34.79M.
How do I store Electroneum (ETN)?
You can securely store your Electroneum in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your ETN include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.
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ETN
Estimated
-- USD
ETN/USDT1
$0.001944-4.09%