In this video the host reviews recent developments for Electroneum and then announces the listing of BitcoinMYK on the Mimo (Nemo SV) exchange. He explains that Electroneum has begun enabling utility bill payments, specifically electricity, for users in parts of Africa, highlighting the relevance of the coin’s name and its potential to expand into other services like satellite and internet payments. The discussion shifts to Electroneum’s positioning as a currency rather than a pure store‑of‑value, arguing that transaction volume is key to network growth and that a broader, everyday use case is more sustainable than speculative trading. He examines the project's marketing approach, noting the high cost of banner ads on platforms such as CoinGecko and CoinMarketCap (estimated at $7,000 per day) and the role of the Electroneum Rewards Program, which he frames as a form of “printing marketing dollars” that helped grow the brand to roughly four million members. The host comments on the coin’s price hovering around a penny, stressing the need for stability and network effects to improve valuation. Transitioning to BitcoinMYK, the host announces its recent listing on the Mimo (Nemo SV) exchange, describing why multiple exchange listings are valuable for promotion and liquidity. He contrasts typical exchanges with Mimo’s social‑integrated platform, where posts and user profiles are embedded, potentially driving organic discovery and trading. He promotes BitcoinMYK’s Universal Basic Income (UBI) distribution model, emphasizing its low inflation design and encouraging viewers to claim free tokens. The video concludes with standard YouTube call‑to‑action prompts.
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Welcome back to the channel. I hope you're having a nice day. So Electroneum, Electroneum has now started to take utility payments, electricity, uh, in areas of Africa. Um, kind of interesting that the name Electroneum, you kind of think of it, it would relate to a cryptocurrency possibly with something to do with electricity. And it's very interesting that you can now pay— well, certain people anyway can pay their utility bills in Electroneum, right? A real utility, uh, or a real use case, right? And makes a great deal of sense because with Electroneum, I think using phone minutes as a means to transact business, uh, that was just going to lead to Now other integrations into utilities, businesses, maybe it could keep going. Maybe you could, you could pay your satellite packages and, uh, internet service providers, uh, through this type things. Of course, with the mobile operators, you're going to cover a lot of that more likely anyway. Um, so that's very interesting and, and very cool for Electroneum. Uh, again, one of these cryptocurrencies that comes to mind for me, something that people around the globe will actually use. Um, you know, the conversation had been a great deal about, um, within Electroneum that, um, you know, people— or rather, if I were to look back to the West, I think a lot of it's been more going towards Electroneum being a product, uh, more like a store of value which people can speculate on. And I think what people have to understand in this is that, you know, the, the most transacted, uh, assets are currencies, right? It's not store value, right? If you think of something like gold, gold just kind of sits there and it's used, um, as a way to protect your value, so to speak. But, you know, you're not going to obviously be transacting it day to day. So Electroneum to me feels more currency-based, and it's going to be more widely accepted, I think, as that, and uses that. And that's very important when you're thinking in terms of building significant networks, that you are able to have such a, a great use that people are going to actually, in a practical sense, use it. If people are just speculating on a cryptocurrency, uh, if it's in the game world and people are just playing games— and games can, can have a lot of users and they can bring in a lot of people, but the only problem with gaming is that gaming is still pretty much in a, in a very niche-like area because obviously, you know, everybody doesn't play, you know, various games. Something more universal like a currency is going to present a situation where more people get involved. So that is, that is awesome that Electroneum is accomplishing a variety of these goals here. Also talked about in quarter 2, this marketing that's going to be happening and from, um, a series of Richard Dale's videos, what I could gather from that is they're going to be using a lot of cryptocurrency, uh, marketing, uh, agencies, as it were, which obviously makes sense, using CoinGecko, CoinMarketCap, which I think will cost something like $7,000 a day to run an ad. That is crazy ridiculous. Um, and when you think about how expensive marketing is. This is what hinders many projects. Uh, in launching my own project, I can tell you that marketing is not an easy feat. Being able to get thousands of views, uh, potential value to the project a month, not easy. Um, and as you can see with the cost of what it's costing Electroneum per day to run an ad on something like CoinMarketCap, a significant amount of money. Think if you ran it every day for a month, cost you about a couple of hundred thousand dollars, right? So besides the banner ads, there are also some new NGOs in the work. Of course, NGOs, great charities. We remember the UNICEF former person back in 2019 here teamed up David Bull And so, uh, that seems to be the direction forward. So Electroneum is becoming this global brand and it's doing it in quite the interesting way. Looking at, uh, the end of the Electroneum Rewards Program, I was kind of torn on that issue because you have to understand, as we just covered with the marketing situation with Electroneum, how expensive it can be. And, uh, with the Electroneum rewards, being able to send out that Electroneum from Electroneum's coffers, um, as it were, was a way to pay for marketing. So whereas a lot of people, uh, would have the conversation of, uh, oh, you're just giving this away free to people, I looked at it different, and I think it worked a great deal for Electroneum. I looked at it as spending marketing dollars, right? But printing your own marketing dollars, so to speak. So in doing that, that Trump is able to expand its brand awareness, yet at the same time be able to, uh, you know, basically at a cost-effective way. Um, of course it raised quite a bit of money, but I think it's been spending that money fairly well as it goes into the future. Um, So it would have to have come to an end with the electronic rewards, but I do very much support freemium services and how it can lead to mass adoption, right? So you have to keep all that in mind, that although the cryptocurrency was going out causing more inflation, um, that the overall result of what could possibly happen, uh, has certainly been worth it and certainly got Electroneum to almost about 4 million members now, which is in cryptocurrency pretty darn good. Um, obviously it's not like a social network level or where I love for Bitcoin or many of the other networks to be, but, uh, seeing where Electroneum started off at not being one of the earlier coins to gain so much, uh, value and to gain so much, uh, uh, a presence, I think it's done pretty darn good. So good, good going, Electroneum. Uh, also, you know, going back to price, I still see it kind of hovering around a penny. And, um, you know, this is the, the most difficult part to try to relate to speculators and in cryptocurrency, and that is, uh, the need to build a network and a value and a brand that you don't want, uh, you want stability, right? You don't want a house built on an improper foundation. So if you create a project that's purely based mostly on store value or speculation, uh, it makes it even more difficult to convince masses of people that they need to use this thing, right? And so, you know, if you can't do that, then I don't think the end result of the project itself might be exactly what you want. I don't think it may yield the results you, uh, you want. But hovering around, uh, close to a penny now, we know how things can happen. Electroneum, you can have a jump, it can move, uh, up, um, in a great way. But I also think it's important that there are certain fundamentals you pay attention to, and I think Electroneum does have some of them down pat with growth of the network, right? I think if they can grow the network big enough, I think a lot of the price, uh, is, uh, is going to be satisfied, uh, with many investors on that way, depending on how well that marketing campaign goes. Um, but I think that's what we're looking at with something like Electroneum, and I think that's something we need to be mindful of. So great job with Electroneum. A real cryptocurrency with a real use case. Let's segue over to BitcoinMYK right now, let you know how we just got listed on what I believe now to be our 5th exchange, uh, on the Bitcoin Satoshi's Vision network. So let's take a look at that. All right, we're now here on the Nemo SV exchange. Our project BitcoinMYK has just been listed. on this exchange. Uh, now I get pretty excited about the Mimo exchange, uh, particularly, and I'm going to show you exactly why. You know, kind of going off of what we just talked about, Electroneum, the importance of marketing. As we well know, with a product like Electroneum, it's important to get on more and more exchanges. The reason for this is twofold. One reason is you want to get on a lot, get on as many exchanges as possible because of the promotion, the marketing aspect of the exchange bringing more particularly or potential customers to your cryptocurrency. In the event that you're already a big brand and you're already bringing a lot of people in, that's going to be less important, right? In Electroneum's case, although Electroneum is doing very well expanding, it's not there's still people around the cryptocurrency space who just, you know, they're not hearing crypto, uh, Electroneum a lot. In fact, many cryptocurrencies that aren't in the top 10 or 20, some people just don't even get that far. But by expanding to more exchanges, it obviously improves your, um, the promotion part of your project. More people, easier, more liquidity being provided for your cryptocurrency. The second part, um, is why I just covered the second part, was providing liquidity for their, you know, for that market, right? Liquidity, more investors, more traders, etc. Now let's look at why I get so excited about Mimo. Mimo is a little bit different because with a lot of exchanges, if it comes to an exchange is not able to bring you promotion, right? In short, that's the same— you get listed on exchange, you still don't get buyers, and so on and so forth. Then, uh, that exchange hasn't really brought you much value. And that happens to some cryptocurrencies. They get on several exchanges, but unfortunately it's not enough. People still don't invest in them heavily. Uh, let's show you real quick why Mimo is a little bit different here. Um, let me go here. I want to go to posts. Uh-oh, well, kind of went to post anyway, and you can see there are posts on here. So here's the deal, something like Memo, you're going to have the social network integrated into the exchange. Now what is that going to do? It's going to actually potentially bring you more people as they're using the product already, and exchange is kind of integrated into the social media. I can't think of anything more important than this union between social media and cryptocurrency. It's easier to promote it. It makes more sense as everybody's profiles are set up online. It's more easy to find channels to transact between, right? Just makes Uh, just makes logical sense. And so this allows people to use this platform, get in, earn Bitcoin Satoshi Vision coins, as well as the cryptocurrency that, uh, is belonging to whoever lists on this exchange. Of course, Bitcoin Satoshi Vision coins being the biggest currency. So very excited to bring you guys that news. Uh, if you haven't tried BitcoinNYK, uh, yet, what are you doing? What are you doing, right? You get, uh, the cryptocurrency free through our Universal Basic Income project. Uh, you can give it a shot, try, uh, try it out, see if you like it. I think you're gonna like it. So many great, uh, qualities with the project, so many answers to, uh, issues in cryptocurrency like high inflation rates. BitcoinNYK has probably one of the lowest inflation rates I've seen in cryptocurrency, and that is by design. So a lot of things to think about there. Very excited to bring you guys that news. We will leave a link in the description. You can try out the project and receive our cryptocurrency for free. But that's all I want to say in this video. If you like content like this, don't forget to like and subscribe this video. Go to the top of your screen and hit the bell notification. It will let you know when we're releasing our next video. So there you go. And until next time, as always, take care.
