Electroneum (ETN) Metrics
Electroneum Price Chart Live
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Electroneum (ETN)
What is Electroneum?
Electroneum (ETN) is a cryptocurrency project launched in 2017 by Richard Ells and his team. It was created to provide a user-friendly mobile payment solution, particularly targeting unbanked populations and facilitating microtransactions. The project operates on its own blockchain, utilizing a proof-of-work consensus mechanism that allows users to mine ETN through mobile devices, making it accessible to a broader audience. Its native token, ETN, serves multiple purposes, including transaction fees, rewards for mining, and facilitating payments within the Electroneum ecosystem. Electroneum stands out for its focus on mobile usability and its integration with various services, such as mobile top-ups and online payments. This emphasis on accessibility and ease of use positions it as a significant player in the cryptocurrency space, particularly for users in developing regions seeking financial inclusion.
When and how did Electroneum start?
Electroneum originated in September 2017 when the founding team, led by Richard Ells, released its whitepaper outlining the project's vision and technology. The project aimed to create a mobile-friendly cryptocurrency that would facilitate easy transactions and promote financial inclusion. Electroneum launched its mainnet on November 1, 2017, marking its initial public availability and allowing users to mine the cryptocurrency directly from their mobile devices. Early development focused on creating a user-friendly platform that could appeal to a broader audience, particularly in developing regions. The initial distribution of Electroneum tokens occurred through an Initial Coin Offering (ICO) that took place from September 14 to October 31, 2017, raising approximately $40 million. This funding helped establish the foundation for Electroneum's growth and the development of its ecosystem, which includes features like instant payments and a focus on mobile usability.
What’s coming up for Electroneum?
According to official updates, Electroneum is preparing for the launch of its new mobile app features, which are expected to enhance user experience and accessibility, targeted for Q4 2023. Additionally, the team is working on integrating more payment solutions to expand its ecosystem, with partnerships aimed at increasing merchant adoption scheduled for early 2024. These initiatives are designed to improve usability and broaden the use cases of Electroneum, making it more appealing to both users and businesses. Progress on these milestones will be tracked through their official channels and updates.
What makes Electroneum stand out?
Electroneum distinguishes itself through its unique mobile-first approach, enabling users to mine cryptocurrency directly from their smartphones. This accessibility is designed to attract a broader audience, particularly those in developing regions where traditional banking services may be limited. The platform utilizes a modified version of the CryptoNight proof-of-work algorithm, which allows for efficient mining on mobile devices while maintaining a focus on security and privacy. Additionally, Electroneum features a built-in instant payment system, allowing for near-instantaneous transactions, which enhances user experience and usability in everyday transactions. The project also emphasizes financial inclusion through its partnerships with various organizations, aiming to provide digital financial services to unbanked populations. Electroneum's ecosystem includes an API for developers, enabling the creation of applications that leverage its blockchain technology, further enhancing its utility and integration potential. This combination of mobile accessibility, instant payments, and a focus on financial inclusion positions Electroneum uniquely within the cryptocurrency landscape.
What can you do with Electroneum?
The ETN token serves multiple practical utilities within the Electroneum ecosystem. Primarily, it is used for transactions, enabling users to send and receive value seamlessly. Electroneum facilitates microtransactions, making it suitable for everyday purchases and services, particularly in regions with limited access to traditional banking. Holders of ETN can also engage in staking, which helps secure the network while potentially earning rewards. This staking mechanism allows users to contribute to the network's stability and efficiency. Additionally, ETN may be utilized for governance purposes, allowing holders to participate in decision-making processes regarding future developments and changes within the ecosystem. For developers, Electroneum provides tools and resources to build decentralized applications (dApps) and integrations. The ecosystem supports various wallets and platforms that accept ETN, enhancing its usability across different applications. Furthermore, users can benefit from discounts and rewards when using ETN for payments within partnered services, promoting its adoption in real-world scenarios.
Is Electroneum still active or relevant?
Electroneum remains active through its ongoing development and community engagement. As of October 2023, the project announced a significant upgrade to its mobile application, enhancing user experience and introducing new features aimed at improving usability for its target audience. The development team continues to focus on expanding the platform's capabilities, particularly in the areas of mobile payments and cryptocurrency adoption in emerging markets. Electroneum maintains a presence on several cryptocurrency exchanges, ensuring liquidity and accessibility for users. The project has also forged partnerships with various businesses to facilitate the use of its cryptocurrency in real-world transactions, further solidifying its relevance in the digital currency ecosystem. Additionally, the active community and regular updates on governance proposals indicate a commitment to ongoing improvement and user engagement. These indicators support Electroneum's continued relevance within the cryptocurrency sector, particularly in the niche of mobile-centric digital currencies aimed at fostering financial inclusion.
Who is Electroneum designed for?
Electroneum is designed primarily for consumers and individuals in emerging markets, enabling them to access and utilize cryptocurrency for everyday transactions. It aims to provide a user-friendly experience, allowing users to send and receive payments easily through their mobile devices. Electroneum offers a mobile wallet application that simplifies the process of managing digital assets, making it accessible to those who may not have prior experience with cryptocurrencies. Secondary participants include developers and businesses looking to integrate cryptocurrency solutions into their services. Electroneum provides tools and resources such as SDKs and APIs to facilitate the development of applications that leverage its blockchain technology. This support encourages innovation and the creation of new use cases within the Electroneum ecosystem. Overall, Electroneum focuses on fostering financial inclusion and empowering users in regions with limited access to traditional banking services.
How is Electroneum secured?
Electroneum utilizes a proof-of-work (PoW) consensus mechanism, where miners validate transactions and secure the network by solving complex mathematical problems. This process not only confirms transactions but also maintains the integrity of the blockchain. Electroneum employs cryptographic techniques such as the CryptoNight algorithm, which is designed to be ASIC-resistant, allowing for a more decentralized mining environment by enabling users with standard hardware to participate. To align incentives, miners are rewarded with Electroneum tokens for their efforts in validating transactions, which encourages active participation in the network. The protocol does not implement slashing mechanisms typical in proof-of-stake systems, but it does rely on the economic incentives of mining rewards to deter malicious behavior. Additional security measures include regular audits and a commitment to transparency, which help identify and mitigate potential vulnerabilities. Electroneum also emphasizes community governance, allowing stakeholders to have a say in the network's development and operational decisions, thereby enhancing its resilience against attacks and ensuring a robust ecosystem.
Has Electroneum faced any controversy or risks?
Electroneum has faced several controversies and risks primarily related to regulatory challenges and security concerns. In 2018, the project was scrutinized for its compliance with regulations, particularly regarding its initial coin offering (ICO) and the classification of its token. The team worked to address these concerns by engaging with regulatory bodies and ensuring that their operations aligned with legal requirements. In terms of security, Electroneum has not reported significant exploits or breaches but has remained vigilant against potential threats. The team has implemented measures such as regular audits and updates to enhance the security of their platform. Additionally, they have established a bug bounty program to encourage community involvement in identifying vulnerabilities. Ongoing risks for Electroneum include market volatility and regulatory changes, which are common in the cryptocurrency space. The project mitigates these risks through transparent communication with its community, continuous development, and adherence to best practices in security and compliance.
Electroneum (ETN) FAQ – Key Metrics & Market Insights
Where can I buy Electroneum (ETN)?
Electroneum (ETN) is widely available on centralized cryptocurrency exchanges. The most active platform is Gate, where the ETN/USDT trading pair recorded a 24-hour volume of over $15 062.06. Other exchanges include CoinEx and Kucoin.
What's the current daily trading volume of Electroneum?
As of the last 24 hours, Electroneum's trading volume stands at $374,157.07 , showing a 1.95% decline compared to the previous day. This suggests a short-term reduction in trading activity.
What's Electroneum's price range history?
All-Time High (ATH): $0.236234
All-Time Low (ATL): $0.000844
Electroneum is currently trading ~99.58% below its ATH
and has appreciated +7% from its ATL.
What's Electroneum's current market capitalization?
Electroneum's market cap is approximately $17 975 434.00, ranking it #725 globally by market size. This figure is calculated based on its circulating supply of 17 979 817 605 ETN tokens.
How is Electroneum performing compared to the broader crypto market?
Over the past 7 days, Electroneum has gained 1.79%, outperforming the overall crypto market which posted a 0.05% decline. This indicates strong performance in ETN's price action relative to the broader market momentum.
Cryptocurrencies are highly volatile and involve significant risk. You may lose part or all of your investment.
All information on Coinpaprika is provided for informational purposes only and does not constitute financial or investment advice. Always conduct your own research (DYOR) and consult a qualified financial advisor before making investment decisions.
Coinpaprika is not liable for any losses resulting from the use of this information.
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Electroneum Basics
| Whitepaper |
|---|
| Development status | Working product |
|---|---|
| Org. Structure | Centralized |
| Open Source | Yes |
| Consensus Mechanism | Proof of Work |
| Algorithm | CryptoNight |
| Website | electroneum.com |
|---|
| Source code | github.com |
|---|---|
| Asset type | Coin |
| Explorers (1) | blockexplorer.electroneum.com |
|---|
| Tags |
|
|---|
| electroneum | |
| Faq | electroneumtalk.proboards.com |
| Forum | community.electroneum.com |
| reddit.com |
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Electroneum Team
Electroneum Exchanges
Electroneum Markets
What is Market depth?
Market depth is a metric, which is showing the real liquidity of the markets. Due to rampant wash-trading and fake activity - volume currently isn't the most reliable indicator in the crypto space.
What is it measuring?
It's measuring 1% or 10% section of the order book from the midpoint price (1%/10% of the buy orders, and 1%/10% of the sell orders).


Why it is important to use only 1% or 10%?
It's important, because measurement of the whole order book is going to give false results due to extreme values, which can make false illusion of liquidity for a given market.
How to use it?
By default Market depth is showing the most liquid markets sorted by Combined Orders (which is a sum of buy and sell orders). This way it provides the most interesting information already. Left (green) side of the market depth bar is showing how many buy orders are open, and right (red) side of the bar is showing how many sell orders are open (both can be recalculated to BTC, ETH or any fiat we have available on the site).


Confidence
Due to rampant malicious practices in the crypto exchanges environment, we have introduced in 2019 and 2020 new ways of evaluating exchanges and one of them is - Confidence. Because it's a new metric - it's essential to know how it works.
Confidence is weighted based on 3 principles:
Based on the liquidity from order books (75%) - including overall liquidity and market depth/volume ratio, volumes included, if exchange is low volume (below 2M USD volume 24h)
Based on web traffic (20%) - using Alexa rank as a main indicator of site popularity
Based on regulation (5%) - researching and evaluating licensing for exchange - by respective institutions
Adding all of these subscores give overall main result - Confidence
Confidence is mainly based on liquidity, because it's the most important aspect of cryptocurrency exchanges. Without liquidity there is no trading, illiquid markets tend to collapse in the long term. Besides liquidity - there is also an additional factor in calculation of score - market depth/volume ratio. If volume is huge (especially when it’s growing much faster than liquidity), and market depth seems to not keep pace with - it's reducing overall score. Exchanges that keep market makers liquidity with expanding volume are those that keep all ratios in-tact and have overall score above 75-80% (it means that they have all liquidity ratios above minimum requirements, high web traffic participation, and are often regulated).
Other coins worth interest - similar to Electroneum
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 1 | Bitcoin BTC | $1 498 133 852 161 | $74 843.03 | $30 628 324 053 | 20,017,012 | |||
| 2 | Ethereum ETH | $280 450 767 091 | $2 328.82 | $14 425 668 559 | 120,426,316 | |||
| 4 | XRP XRP | $88 254 004 512 | $1.43 | $3 606 677 262 | 61,569,680,267 | |||
| 5 | BNB BNB | $87 481 322 632 | $628.53 | $1 081 894 740 | 139,184,442 | |||
| 7 | Solana SOL | $50 576 224 586 | $87.92 | $7 043 267 082 | 575,260,689 |
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 23 | Stellar XLM | $5 492 707 802 | $0.165673 | $148 432 047 | 33,153,987,193 | |||
| 214 | SafePal Token SFP | $151 157 084 | $0.302314 | $1 058 041 | 500,000,000 | |||
| 587 | Metal MTL | $27 091 601 | $0.298906 | $722 099 | 90,635,915 | |||
| 668 | Coin98 C98 | $21 275 276 | $0.021275 | $4 451 931 | 999,998,882 | |||
| 734 | Islamic Coin ISLM | $17 533 562 | $0.012448 | $19 655.67 | 1,408,600,223 |
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 21 | Monero XMR | $6 365 812 328 | $345.09 | $127 522 180 | 18,446,744 | |||
| 25 | Zcash ZEC | $5 427 754 612 | $332.41 | $434 611 681 | 16,328,269 | |||
| 27 | Canton Network CC | $5 189 984 596 | $0.148702 | $6 386 308 | 34,901,891,555 | |||
| 32 | Litecoin LTC | $4 218 514 432 | $55.83 | $265 251 685 | 75,558,487 | |||
| 71 | Worldcoin WLD | $1 043 562 617 | $0.318503 | $123 310 291 | 3,276,461,415 |
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 1 | Bitcoin BTC | $1 498 133 852 161 | $74 843.03 | $30 628 324 053 | 20,017,012 | |||
| 11 | Dogecoin DOGE | $14 511 051 424 | $0.097293 | $2 164 278 010 | 149,147,696,384 | |||
| 16 | Bitcoin Cash BCH | $8 928 675 679 | $449.45 | $171 492 785 | 19,865,787 | |||
| 21 | Monero XMR | $6 365 812 328 | $345.09 | $127 522 180 | 18,446,744 | |||
| 25 | Zcash ZEC | $5 427 754 612 | $332.41 | $434 611 681 | 16,328,269 |
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 21 | Monero XMR | $6 365 812 328 | $345.09 | $127 522 180 | 18,446,744 | |||
| 280 | Quantum Resistant Ledger QRL | $95 947 082 | $1.41 | $27 955.53 | 67,937,170 | |||
| 1731 | Nerva XNV | $1 086 172 | $0.063826 | $32 074.33 | 17,017,723 | |||
| 2656 | DigitalNote XDN | $17 052.00 | $0.000002 | $39.19 | 8,276,761,831 | |||
| 2852 | Conceal CCX | $167 265 | $0.008008 | $46.65 | 20,887,464 |
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 1 | Bitcoin BTC | $1 498 133 852 161 | $74 843.03 | $30 628 324 053 | 20,017,012 | |||
| 4 | XRP XRP | $88 254 004 512 | $1.43 | $3 606 677 262 | 61,569,680,267 | |||
| 11 | Dogecoin DOGE | $14 511 051 424 | $0.097293 | $2 164 278 010 | 149,147,696,384 | |||
| 16 | Bitcoin Cash BCH | $8 928 675 679 | $449.45 | $171 492 785 | 19,865,787 | |||
| 48 | Cronos CRO | $1 875 662 344 | $0.070589 | $9 683 164 | 26,571,560,696 |
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 1 | Bitcoin BTC | $1 498 133 852 161 | $74 843.03 | $30 628 324 053 | 20,017,012 | |||
| 11 | Dogecoin DOGE | $14 511 051 424 | $0.097293 | $2 164 278 010 | 149,147,696,384 | |||
| 16 | Bitcoin Cash BCH | $8 928 675 679 | $449.45 | $171 492 785 | 19,865,787 | |||
| 21 | Monero XMR | $6 365 812 328 | $345.09 | $127 522 180 | 18,446,744 | |||
| 25 | Zcash ZEC | $5 427 754 612 | $332.41 | $434 611 681 | 16,328,269 |
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 2 | Ethereum ETH | $280 450 767 091 | $2 328.82 | $14 425 668 559 | 120,426,316 | |||
| 23 | Stellar XLM | $5 492 707 802 | $0.165673 | $148 432 047 | 33,153,987,193 | |||
| 111 | Dash DASH | $466 542 559 | $36.84 | $90 901 677 | 12,663,737 | |||
| 216 | Zano ZANO | $147 916 503 | $9.70 | $560 363 | 15,245,359 | |||
| 285 | Qtum QTUM | $93 460 521 | $0.931937 | $8 335 842 | 100,286,345 |
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 48 | Cronos CRO | $1 875 662 344 | $0.070589 | $9 683 164 | 26,571,560,696 | |||
| 179 | Telcoin TEL | $213 118 094 | $0.002218 | $770 254 | 96,074,246,575 | |||
| 285 | Qtum QTUM | $93 460 521 | $0.931937 | $8 335 842 | 100,286,345 | |||
| 785 | Dent DENT | $15 228 667 | $0.000159 | $2 924 617 | 95,654,960,452 | |||
| 850 | Moss Coin MOC | $12 040 936 | $0.028568 | $181 850 | 421,489,688 |
What is Market depth?
Market depth is a metric, which is showing the real liquidity of the markets. Due to rampant wash-trading and fake activity - volume currently isn't the most reliable indicator in the crypto space.
What is it measuring?
It's measuring 1% or 10% section of the order book from the midpoint price (1%/10% of the buy orders, and 1%/10% of the sell orders).


Why it is important to use only 1% or 10%?
It's important, because measurement of the whole order book is going to give false results due to extreme values, which can make false illusion of liquidity for a given market.
What is showing Historical Market Depth?
Historical Market Depth is showing the history of liquidity from the markets for a given asset. It’s a measure of combined liquidity from all integrated markets on the coinpaprika’s market depth module.
Electroneum



