Phoneum's mission is to provide equality to all by simplifying the mining process. While the meteoric growth of the cryptocurrency market and increased media buzz was high at the end of 2017, mainstream adoption and acceptance of cryptocurrencies has just begun. Phoneum, as an all-in-one solution, is well positioned to address the public's interest.
What makes Phoneum unique, is the custom algorithm and blockchain structure that delivers a truly mobile-only mining solution and simplified user interface which does not require technical skills to deploy.
Phoneum seamlessly integrates into users dialy mobile device usage, enabling them to mine and support the advancement of this disruptive technology while not disrupting the everyday usage of their device. It is a new, scalable model of mining that harnesses the power of ubiquitous smart devices globally, requiring lower energy consumption with significantly less impact on the environment than current cryptocurrency mining models.
Phoneum is incorporated as a for-profit company in the British Virgin Islands. Phoneum's revenues are expected to come from transaction fees on the network.
- An end-to-end (P2P) mobile-only mined and maintained cryptocurrency
- A free and easy-to-use Android and iOS app, with built-in miner and cryptocurrency wallet
- A differentiated, customized consensus algorithm to maximize earning opportunities - a blend of Proof of Work (PoW) and Proof of Time (PoT) as the consensus mechanism, enabling miners to earn rewards for total time spent in the app
- A Point-of-Sale network in which to utilize PHM for everyday purchases and payments
- Free peer-to-peer transactions for users and transaction fees at a fraction of the cost of traditional payment networks for merchants
- Not damaging to the smart phone due to the use of the phone's internal sensors
Ivan Likov starts developing mobile apps for Android and iOS
Ivan gets involved with the cryptocurrency world
Phoneum idea created
Android & iOS apps development start
Phoneum company founded
Token sale starts
Token sale ends
App blockchain network start
Phoneum is aiming to popularize cryptocurrencies