Mobile based cryptocurrency company Electroneum have released a phone that “pays you back”.
The phone dubbed the M1 is available now for $80 USD and comes with the company’s Cloud Mining app pre-installed. Electroneum claim the phone can mine $3 USD of ETN a month, meaning the phone will pay for itself in a little over 2 years.
The specs are basic to say the least but decent enough for the price tag:
Operating System: Android 8.1 Go Edition
CPU: Quad Core 1.3Ghz
Storage: 8GB Internal Up to 32GB Expandable
Display: 4.5” Touchscreen
Connectivity: 4G Dual Sim, Bluetooth 4.0, GPS
Cameras: 5MP Rear, 2MP Front
Battery: 1600 mAh with 72 hours standby and 6-8 hours talk time
Dimensions: 143.5 x 66.0 x 8.0 mm
Warranty: 1 Year
The company state the reason behind the phone release is to build “credibility and trust”.
Electroneum gained a lot of hype during the crypto boom. The company is trying to position themselves as a payment system for the 1.7 billion people worldwide without a bank account.