Electroneum ETN is a SCAM

Electroneum project raised around $39,934,610 during ICO 14 Sep — 23 Oct 2017 pretending it to be a revolutionary cryptocurrency. What they did with almost 40 million dollars, did they really spend them for development?

Electroneum team promised to be listed on many exchanges and did not follow the road map. First of all after ICO they announced that they had a hacker attack and closed all withdrawals for over a month. https://electroneum.com/2017/11/08/electroneum-working-with-hackerone-com Game changer project as they pretend have lack of security? Ok, acceptable, after blocking all withdrawals from ICO web wallets, they opened trades on Cryptopia Exchange at 10x higher price from that of an initial coin offering. https://hackerone.com/electroneum

Electroneum also promised to develop a Mobile Miner, which took 6 month to just create a mobile calculator app, which was making fake calculations and receiving just an airdrop tokens and no actual mobile mining was going on, while there were a real computer mining running on background.

Pretending it to be a revolutionary cryptocurrency it doesn’t fit major cryptocurrency standards which is no transaction limit and privacy. After a year from the ICO Electroneum announced that you cannot withdraw funds unless you provide personal information, which doesn’t comply with cryptocurrency privacy features, and even if you provide personal information you have a limit on withdrawals, Electroneum force you to provide personal information to third party companies in order to raise the limits, but you still have limit on transactions, so what’s the point of creating Electroneum if you can simply open a bank account, when all banks have e-banking and can manage funds with even better service.

I would not suggest to invest in this project, I had invested during ICO, and regret many times doing it.