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Godex ETN

Electroneum (ETN) exchange rate

Price for today

0.003 USD 2.01%

0.00000015 BTC -2.13%

Market Cap
52,920,162 $
Volume 24h
65,142 $

  • Name Electroneum

  • Symbol ETN

  • Circulating supply 17 923 238 000 $

  • Max supply 21 000 000 000 $

  • Cmc rank 346

  • Volume 24h 65 142 $

  • Percent change 1h 0,68 %

  • Percent change 24h 2 %

  • Percent Change 7d -3,6 %

About Electroneum

Founded in 2017 by Richard Ells, Electroneum is a decentralised platform that leverages the benefits of blockchain to undermine the traditional finance sector. The project strives to gain global recognition and adoption by focusing on mobile market and smartphone audience. The platform allows to mine around $4 US dollars worth of ETN token every month that can be traded or stored. Electroneum is utilizing blockchain technology to make the benefits of digital economy available for the developing countries. The Electroneum community is also using AnyTask project to sell various digital services and earn ETN rewards in return. 

Short overview of ETN

Electroneum  is quite trendy cryptocurrency, which is now provided on numerous major crypto exchanges, such as Godex.

ETN was developed for rapid, low-priced and secure transactions applying the advantages of blockchain technology. 

Today Electroneum price is 0.00295260 with a day-to-day trading volume of 65142. The circulating coin supply is 17923238378 ETN and it has a maximum supply of 21000000000 ETN coins.

You can acquire the ETN by mining, taking part in an affiliate program or by staking. You can also acquire it for other digital currency you have got.

ETN exchange to another cryptocurrencies

At present, due to the growing interest in ETN, there are quite a few services where you can right away and securely exchange it for other cryptocurrencies.

To exchange ETN, select an exchange platform that provides the required currency pair. 

Right now, more than 300 diverse coins and tokens are available on Godex.io, which can be traded for ETN without limits on the amount.

Follow simple instruction to exchange Electroneum:

  1. On the home page, use a useful coin converter. Pick out the ETN and enter the amount on the left. Pick out the name of the cryptocurrency you demand on the right. If the rate offered by the exchange is good for you, click the “Exchange” button.
  2. Type in your wallet address, where the funds will be sent after the exchange is finalized.
  3. Send the requisite amount of ETN to the given address.
  4. After the exchange gets ETN, a transaction is made and you get a new token to your wallet.

This same instruction can be used for trades involving different altcoins.

The whole swap process normally takes no more than a few minutes.

F.A.Q.

How does Electroneum work?

ETN blockchain is based on the reliable and proven Cryptonote algorithm. A similar blockchain is used in Monero, Bytecoin and other altcoins. Online transfers cannot be tracked, but their reliability is confirmed. Such a system is implemented by means of a "ring" signature.

A user owns two private keys, one of which is hidden and the other one is public. When the transaction is confirmed, the blockchain determines that it was confirmed by one of the keys, but it is impossible to track by whom exactly the transaction was performed. Users' assets are stored in anonymous wallets. The network automatically creates a unique one-time key for each transaction, which does not allow tracing the entire history.

Consensus in the Electroneum network is achieved through the Egalitarian Proof of Work. Users give their votes for the correct order of transactions, the introduction of new features and fair distribution. Equal rights of users play an important role in such a system. This is one of the main reasons why the authors decided to abandon mining through ASIC in favor of mining ETN using a conventional CPU.

How Many Electroneum (ETN) Coins Are There In Circulation?

Currently 17,843, 429, 805 ETN coins are in circulation which make 84.97% of the total emission.The maximum Electroneum price USD for the last 24 hours is $ 0.01172772, while the minimum price of Electroneum is fixed with the mark on $ 0.01094554 having the  market capitalization of near $ 200 million. 

First of all, the currency is distinguished by convenient payments within mobile games and other applications for smartphones. The bottom line is that the issued number of ETN coins in the amount of 21 billion allows performing calculations in the values ​​"0.XX", that is, with two digits after the decimal point. As all Bitcoin users know, that with its emission of 21 million coins, payments in the BTC have to be made in inconvenient values ​​with six or more decimal places due to the large splitting. In addition to the clear value, ETN currency is notable for fast transactions.

How Can You Convert Electroneum (ETN)?

Due to the fact that the ETN cryptocurrency is still circulating on certain trading platforms, there are not many options for how to exchange Electroneum to USD and fiat money, in general. On the following exchanges like Liquid, Sistemkoin, Bitbns and CoinSpot it is possible to convert Electroneum to fiat. Many traders who want to withdraw coins directly into traditional money send funds directly from the exchange wallet to the account of the exchange machine. However, this option has a key drawback as not all exchange platforms support direct exchange withdrawals, but those ones that support it often set prohibitive commissions. On those exchanges that do not provide for the withdrawal of Electroneum directly to fiat, ETN can be exchanged for other popular coins, in particular BTC and ETH. After selling ETN for more tradable currencies, they can be transferred to sites with a better rate and sold for USD, EUR, etc.