Topic: [ANN] Minereum - First Self Mining Smart Contract - page 122. (Read 438122 times)

Guess I'm investing every MNE I have into ART to get that passive genesis address mining income

Glad you looked at my analysis. ur smart..

I think the ICO news has been priced into the current price, by now the price should have pumped up due to buying pressure but not yet and again looking at the bonus order there won't be any incentive again after the first day bonus unless most people are looking to get into the ICO using Ether tokens

If the majority of future ART investors have already bought their MNE, prices won't rise that much. Maybe the marketing will lure in new investors but I doubt it, the MNE price increase could happen but it doesn't appear likely to me. Also, the devs should've started a bounty program to let us promote their projects in an efficient way

Dev once told us that ART teamed up with a professional team to get this ICO to work. Also money needs to be raised to get this coin listed at serious exchanges. So basically he needs ETH to get 1) the services paid for 2) pay for the listing fees and 3) pay for the development (or he needs to assign some serious amount of genesis accounts to himself)
Why is MNE only available on livecoin and crypto? Because there is no money to list it elsewhere. So ART could have a better run since there should be resources to get it broadly listed and made easily accessible to more buyers than those trading on the obscure exchanges like Livecoin and Crypto.

IMO there should have been a lot of FOMO already prior to the ICO day1 if everybody expected MNE to pump but apparently there is not much appetite for MNE and ART at this moment so what will happen ATL to get this changed over the next few days?

Also the burning of MNE will not have that much effect if the trading levels remain this low.


I'm pretty sure the devs have genesis addresses, probably a couple hundred. They added the ETH price to stimulate people to buy MNE because a lot of people draw stupid conclusions like '1 eth = 1000 art = 10 MNE, so 1MNE = 1/10th of ETH, so MNE needs to rise to 30$ at least so I should buy now because the price is so low'. They did this because they hold genesis addresses and they'll use those to pay for everything. I agree with you that the ad campaign should've started weeks ago, but this will benefit us quite a lot. They can still advertise both platforms during the ICO, which will boost prices a lot

An ICO is just a means to raise funds, nothing more. A project like this doesn't require that much money. If the ICO proceeds as planned, a large part of early investors will be MNE investors and the market cap and supply will be quite low. If ART and MNE manage to become succesful coins then prices for both projects could raise up to 20 - 30$ a piece, depending on how much their services cost, of course.

Imagine how long it would take to get your investment back.
Initial supply depends on the success of the ICO but I can't recall if it's capped or not.
If this ICO is not successful the supply will be very limited but also the money raised to get it listed at the major exchanges and to start investing in this coin in terms of development. Remember that MNE will be burned so the Dev team needs ETH to get this going, as long as MNE trades > factor 10 lower then ETH no one will ever consider to board this ICO using ETH.

A word of advice to the development team, why the hurry? You need to built up to day 1 of the ICO in terms of awareness levels. There must be a well written roadmap, a state of the Art website, a well defined purpose, a who is who behind this coin (people are not simply hand over any money to mr anonymous) and so on. This will not be a success at all since people will do some research on it first and when you are not familiar with Minereum you can't expect people simply comprehend what ART is about.

There is absolutely no need to get this thing forced through with ample time to do some proper marketing on it and without the right fundamentals to have a successful ICO.

Does it take into account how it gets harder and harder to mine ART every day? Like the first day you mine 1 Art, the next day you mine 0.99999999, and so on?

That's exactly what I wanted to read, it tends to prove I'm not f*cking brainless as I was expecting such numbers to come up  
Thank you all.

If 200k MNE is burned then there will only be 864 ART mined each day, with a total supply of 20m over 63 years.

For marketing we investors can not do anything .... this has to do the team and the dev.
What we can do is buy ARTE with token MNE when ico starts, so there will be less and less MNE in circulation and the price should increase.

There is no official source to verify the maximum supply of this token I think it will depend on contribution amount how much money they raise. OP posted a conversion table and this ICO will remain open for 30 days.