(July 30, 2018) – Phoneum is set to shake up the Cryptocurrency industry with the launch of their ICO today, Monday, July 30, 2018. Phoneum is a BVI registered software application company that aims to bring cryptocurrency mining to anyone that owns a smart mobile device. This is a revolutionary change to the current marketplace where the cost to mine is prohibitive for all but a few.

In the past week, Phoneum announced a partnership with LATOKEN, which allows clients of LATOKEN to participate in the ICO directly from their platform. In addition, LATOKEN will be the first exchange to list PHM once the ICO ends.

Ivan Likov, founder and lead developer commented: “This is the culmination of many years in development. We have self-funded the project to this point. We wanted to prove that it was possible to truly mine on a mobile device, without damaging the phone. Since January of this year, we have been testing with thousands of users on both Android and iOS platforms and have not had a single report of damage to a smart device.”

Phoneum has created a new, accessible mining model that leverages an untapped market. At last count, there are over 2.1 billion smart devices, in effect mini-computers, currently in circulation. Leveraging smart phones allows for unprecedented reach of cryptocurrency mining to those who have no specialized technical knowledge or equipment and/or to those who reside in underserved areas or regions with limited/higher electricity costs.

Phoneum will deliver a simplified user experience and platform enabling all users – regardless of technical aptitude – to fully participate in the new cryptocurrency economy, earning or purchasing. Phoneum is a decentralized cryptocurrency (PHM) and product that is revolutionary with its customized blockchain and algorithm for consensus, optimized for mobile devices. The revolutionary Phoneum application and product focuses on ease-of-use and speed of transaction to be able to deliver on Phoneum’s mission to drive mainstream adoption of cryptocurrencies and mining them.

Highlights include:

Fast and secure mobile-only P2P network of transactions for Phoneum users (no intermediary chain) with a built-in QR scanner

Free app (Android and Apple) with built in Phoneum miner and crypto wallet that is automatically created for the user

Users have the option to earn PHM versus buy – a lower cost of entry

Free peer-to-peer transactions for users and fractional merchant transaction fees to spur business adoption, thereby supporting consumer adoption

Platform for apps and games to be developed with cross-market asset tracking, allowing digital assets to be transferred or traded from one game or app to another.

PHM will be launched initially as an ERC20 token with a maximum supply of 20,000,000,000. The ICO allocation will be 2,462,500,000 PHM tokens available to the public on July 30, 2018 and running through September 30, 2018.

There will be four stages with discounts varying per stage. Registration is now open for early entry, but tokens will only be available for sale beginning July 30, 2018. A KYC will be required to claim tokens upon completion of the ICO.

Citizens from the following countries are unable to participate due to regulatory concerns: Canada, China, United States

Influencers and bounty participants will gain a 5% PHM bonus on all direct referrals from members assigned referral codes.

For more information or to register, please visit: https://www.phoneum.io/

Follow Phoneum on: Facebook, Twitter, Instagram, Telegram, Medium, LinkedIn, YouTube, BitcoinTalk, Steemi