Enecuum (ENQ) on KuCoin

Mark Teal
Mark Teal
Nov 4 · 3 min read

I first learned about Enecuum on one of my preferred crypto exchanges, KuCoin. The ENQ token is traded on the KuCoin.com exchange where there are many neat projects and contests in which KuCoin customers may participate. This is really what sets KuCoin apart from other exchanges and a primary reason that it is one of my favorites.

KuCoin Home Page

These projects and contests stream across the home page on a regular basis. It was one of these projects that introduced me to Enecuum. A token that uses a hybrid approach to consensus and all that is required to participate in the network and earn ENQ is a mobile phone!

Enecuum | The Blockchain of Tomorrow

While Bitcoin (BTC) uses Proof of Work for consensus, the amount of power required to participate and earn BTCF is quite high. Energi (NRG) uses Proof of Stake, which uses less power but requires a computer or server to participate and earn more NRG. The Proof of Activity consensus algorithm marries PoW and PoS and is used by Decred (DCR).

The Trinity

Enecuum combines all three algorithms to create what is called the Trinity consensus. This is one of the first things that caught my eye and differentiates ENQ from other projects. With Enecuum, Proof of Work is carried out by PoW nodes running on servers. Proof of Stake is carried out by PoS nodes running on computers.

This brings us to one of the coolest parts of the Trinity consensus and merits a paragraph unto itself. Proof of Activity is carried out by PoA nodes running on mobile devices. That’s right. You can mine and earn crypto on your phone! This is huge. There are over 4 billion mobile phones in the world. Most of the time we only use about 15% of the capability of the devices we carry around everyday.

What About Battery Drain and Data Usage?

The Enecuum mobile app uses about the same amount of power and data as a typical messaging application. So there is no worry about either. I have my phone on 24x7, so I leave my ENQ app mining all the time as well. I charge once a day, just as I have always done.

Enecuum Referral Code

The is rather ingenious as well. The ENQ referral program not only rewards the Referrer with 10% of the Referee’s mining rewards, but also rewards the Referee with a 10% bonus on their own mining rewards! Without the referral, a new PoA node would miss out on this 10% bonus.

Disclaimer: This is a link to my ENQ Referral Code video.
https://www.youtube.com/watch?v=mbo8Vul3ENo

If you have enjoyed this article and want to learn more about Enecuum mining with your mobile device, click the link above and get a 10% bonus on your mining rewards.

Also don’t forget to check out one of my favorite Crypto Exchanges at https://www.kucoin.com

Don’t hold enough of a certain type of crypto to stake on your own? Try KuCoin’s soft-staking program. It could not be easier. I am currently soft-staking IOTX, NRG, VSYS, and KCS. All I had to do was buy it and hold it in my KuCoin account. I get staking rewards automatically added every day.

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