The concept is really great , But you have real problem here , I have bought Minereum to but Artemine with it but after I did some math I resold my Minereum , I didn''t know that it would be over 60 years ( I know my fault for not reading the whole thing ) , But once I found out it is 60 years I lost interest , Now why would anyone by $1000 to he/she would take them back over 60 years even if the price of Artmine doubled hmm even if it X 10 why would I pay 1000 now to take it over the next 60 years 10,000 even if the price X10 it is totally not worth it (Specially in crypto world ) , I did not put in the other factors too !! Like what is the chances that this project will still existing not for 60 years but for even the next 10 years ! . I did not mention that until this moment there is no real uses for the coin Artemine ! but I am sure development team promised for a lot of uses in the future . That project would have been great if the mining was over a span of 6 or 12 months max .
This is weird, so we will receive our tokens after 60 years ?? no way, i think there is misunderstanding.
We participated on this project to receive our tokens directly, after 60 years no one assure himself to be in this world.
Artemine is a self mining coin, which means it gets mined by your own address over a period of 60 years. Lets say you have bought 21900 artemine. This means over the period of 60 years, 365 days a year, you'll get exactly 1 arte on your address a day. Now, if the devs choose to let MNE and Art work together, both projects could prove very lucrative. Imagine paying your monthly World App fee with Arte, or investing 20 Arte a month in the Lottery, or buying an Arte genesis address with Mne, ...
Right, and just to be clear, there's no actual mining happening from a computational sense, there is of course mining on the ETH blockchain to power this PROOF OF STAKE project. So you're really buying a stake in Artemine in order to be rewarded with the token over time...
No one said that there gonna be real mining , I clearly said that the concept it really good but the 60 years time period is just a joke and to be honest totally BS , I can count to you endless things that you can invest in and have a lot of better return than this 60 years contract in fact leave my money in the banks for 60 years much better than investment in this coin with a yearly interest of 10% some countries even have 11% -12% but lets take the average 10% in 60 years if I invested 1000 i will take it 6000 after 60 years while knowing that my money is safe 100% .
Lets take another example !
If I used this 1000 to buy real mining rig! the average ROI now is 8-10 month and also while knowing your money is always 100% safe . ( You will take your initial money back in 10 month lets say 12 ) . Now compare this to what Artemine offers ? !!! You are talking about 60 fking years !! I doubt that ETH it self would be here even in 20 years! I am sure it will be replaced with much advanced contract system by then . This 60 years thing is a big joke and the joke will be only on investors because deva will get his money ( We will pay him cash so he will repay us on a span of 60 years !!! ) . I really do not know but the more I think about this project the more I think it is just BIG JOKE !
If you can tell me ONE financially stable country that offers a 100% guaranteed 10% interest per year, i'll post a video of myself giving the blind donkey from my local farm a blowjob.
Now, Artemine is just like any other coin, a store of value mixed with potential future real world usage. Like I said, if both projects work together (and preferably work with bigger partners as well), they could both prove to be very lucrative. I'm thinking 10, 20$ per Arte and 40, 50$ per MNE. That is o course only if they can offer some real world usage. No one is gonna buy Arte if the only thing it does is pay for the ICO launching service. Then again, if people could actually pay for stuff with Arte, prices could blow up. Imagine if the devs created an exchange for Minereum-created coins where we pay 10 MNE to create a coin and 500 to list a coin, and pay our trading and transaction fees in Arte (sort of like how GAS is used to pay for transactions on the ETH network), I could see both coins becoming very popular. Then again, this all seems like a shit ton of work, far above the skill grade of the devs IMO.