Electroneum vs LITEX vs Terra
What problem does this service solve?
Electroneum is launching a payment system for developing countries. The mobile app, which already has over one million registered users, gives users a small amount of their native token to increase liquidity and adoption. | LiteX aims to create the technology layer that will enable off-chain micro-payments. | Terra's goal is to make it easier to integrate Crypto payments with existing banking systems. |
Token Stats
Company Description
Electroneum is creating a payment system for developing countries. Their platform is designed for mass adoption and uses a mining protocol that encourages daily use. Electroneum's mobile app will provide a digital payment solution that can be more easily used for transactions in these countries. The platform has a unique mobile mining protocol that gives a small amount of their native token (ETN) to users every day. This is meant to drive user adoption and provide greater liquidity to the network. | LITEX is developing a layer 2 technology that will facilitate decentralized payments that can be handled off chain. The LITEX network is currently powered by the Ethereum-based LXT token. | The Terra blockchain is used to record transactions for its price-stable cryptocurrency. Terra is a South Korean company that is focused on leveraging blockchain to facilitate stablecoin payments for a variety of decentralized apps in Asia. The company has partnered with payment gateways such as CHAI and Meme Pay, to enable users to send blockchain-based payments with direct banking integrations, allowing anyone with a local bank account to instantly send stablecoin payments that are pegged 1:1 with their local currencies. |