Electroneum is adapting and changing.

Eight years have passed since ICOs were a booming industry. The ICO boom was an era when crypto projects raised billions of dollars, mostly based on the hype surrounding blockchain technology.

The unfortunate fact is that 90 percent of those projects failed or collapsed and few survived until 2025.

Electroneum (a British born and based Blockchain company) is one of the very few ICOs that are still innovating today. 

Electroneum has innovated for nearly a decade and now boasts over four million users. They’ve built and maintained a blockchain that is one of fastest, with a transaction completion time as short as five seconds. Transaction fees are as low as.0001ETN.

Real-world solutions for real-world issues

Electroneum’s purpose has been and will always be unique. 

The team has concentrated on finding real solutions to real problems, in areas which many other projects had ignored. Electroneum’s approach of putting mobile first was, and continues to remain unique.

Electroneum has been a great asset to hundreds of thousands users in Africa, Asia, and Latin America for many years. In these countries, a little bit goes a very long way. Electroneum’s mobile-mining era (until the end of 2019) provided participants with around $3 worth ETN. That was enough for many developing countries to purchase airtime and data.

In 2019, Electroneum was awarded the City AM Crypto Award for Sustainability and Social Impact. This is not surprising given their achievements. The London newspaper stated that “They won for empowering people from developing countries and unbanked.” 

Partnerships with vision and pioneering ideas

They are also pioneers. In 2019, articleCoindesk, a leading crypto news source, praised Electroneum for its launch of the “dirt cheap” M1 Android phone that rewards users with cryptocurrency. 

This was a brilliant idea that no other crypto project has ever come up with. Solana was one of the many projects that were inspired by them. You’re right, of course. still available eBay has decided to lower the price of this item to make it more affordable for those who have less financial resources.

Richard Ells is the CEO and founder of this company. He has been a prominent British entrepreneur for many years. His focus was on providing crypto services to millions who are financially excluded, including instant payments, portability and even marginalised communities.

Electroenum’s leadership travelled to Cambodia with that mission and vision in mind. sealed a first-of-its-kind Deals within the crypto-industry. 

Cellcard, the largest mobile operator in Asia, has signed an agreement that allows ETN app users to add airtime and data through ETN. Cellcard has also agreed to purchase 1 million M1 smartphones which will be displayed in its shops across the country.

Cellcard users will also be able to earn ETN rewards up to $3 a month. These can then be converted into ETN tokens, and used to top up their Cellcard account.

Electroneum has also been credited for becoming the first blockchain-based startup to join GSM Association. This non profit trade association represents over 750 mobile operators around the world. Decrypt reported that the GSMA had given the M1 its stamp This is an important achievement for all mobile phone vendors.

Shifting to a new evolution phase

Electroneum is not an exception. It also brought about many internal and external challenges in their large community. The support waned, the disappointment increased, and all projects were criticized by experts and community leaders.

This era was fueled by the COVID-19 crisis, and the crypto winter in 2022, which wiped out approximately $2 trillion of crypto assets. Ells, being the forward-thinking person he is, took the opportunity to build Electroneum into its next evolutionary phase.

His team set about expanding its global reach, blockchain capabilities and ecosystem. Ells announced that Electroneum would enter a new era on May 2020.

This phase would allow the team to leverage blockchain technology in order to support its mission of financial inclusion, which is aimed at those excluded by banks. The team also wanted to expand their ecosystem and reach globally, which is why they held the Electroneum hackathon.

Building on the solid foundations of 4 million users

Project Aurelius plays a central role in Electroneum’s transformation. It is a major upgrade to the blockchain’s core infrastructure. The result of this is an EVM compatible Layer 1 Blockchain powered by the Istanbul Byzantine Fault Tolerance consensus mechanism. It can finalize transactions in 5 seconds and has ultra-low fees.

This upgrade allows developers to create decentralised apps on the network using Solidity or Vyper. It also improves the performance of peer-to-peer payment, which is crucial for real-world commerce.

The first Fiverr-like decentralised freelance platform was part of its ecosystem, and it has been well received by thousands if not even tens or thousands of financially excluded individuals worldwide. They discovered that they could earn ETH for completing digital tasks. It supports allegedly millions of users around the world. 

Unlike many charitable organisations, this project continues to work closely and in close collaboration with a few amazing NGOs, who have proven to be effective at helping women, their children and families over the long, medium and short term. It continues to collaborate with Ripple Quant, and British Digital Pound Foundation on improving CBDC governance.