Topic: [ANN] Minereum - First Self Mining Smart Contract - page 134. (Read 438103 times)

Turns out Dev did not see my previous post so I decided to post again :

Please Dev, I took a closer look at the new whitepaper.

It is written about the ICO Factory that it will be an update of the current Token Creation Service related to Minereum.

Does that mean one part of the Artemine project will consist in improving/updating some other parts of MNE?

If valid, why did you include the ICO Factory into the Artemine whitepaper as you already stated both AMNE & MNE will go on separately?

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Regarding the Artemine ICO, could you please explain in details by providing a quick step-by-step guide on how we'll be proceeding to apply once the ICO starts?

Finally, could we be told an approximative date?

Thank you Dev.

I knew the project and the MNE coin, but then I lost the traces, so it's the first time I hear about this new ICO of ARTE, which can be shared with both Eth and MNE.
Can you explain the terms of the ICO, even if they are not yet clear?
If I understand the first day of ICO I can buy 1000 ARTE by sending 1 Eth or 10 MNE?
If this is really correct, MNE must align with the price of 1/10 Eth, right?

Have you read anything about a capped ICO? I didn't, and it worries me. The reason why we saw MNE's price increase from 1.5 to 8$ is because people bought to invest in ART. There's gonna be a lot of people investing here, and without a cap there's gonna be a ton of genesis holders, providing a massively growing circulating supply that will drop ART's price to a fraction of it's original exchange listed price. Like you said, it's gonna start off with a very small circulating amount, but every day thousands of ART's will enter the market, rapidly crashing the price. I believe in this project and the devs, don't get me wrong, but MNE's price dropped down gradually to below 1$ because there simply wasn't an incentive to buy. I'm rightfully worried ART is gonna go down the same path
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Well, if 400.000 MNE is burned(or from ETH), in to ARTEMINE, that would mean that the total supply in 60 years would be 40 million. That means during the first month, you would have 55555 ARTE, in the first month(+ some more from public mining). That is very low, compared to any token except perhaps 300. You could mine it for many years, and it would still be a low volume coin. The MNE price, has come down very low, but that is mostly because someone out there has a lot of adresses, that they got for free! Therefore some dumps are occurring, that will be avoided when you actually pay for the coin in an ICO, since you calculate your return of investment, and not that any price is a win as with an airdrop.

I think your math is way off for this estimation, you're assuming Artemine will be worth 1$?  This would be insanely undervalued at 1$ and in your last post you stated that having a supply under 10 million can generate a lot of income.  Well, Artemine will absolutely start with a small circulation (MNE is under 1 million right now) of coins and if you participate in the ICO will be the one receiving/mining these relatively rare tokens that will have more and more uses over time.  This seems like a no brainer for me!

why not you can still sell your genesi address if you think so! i think 60 years is good time.

Turns out Dev did not see my previous post so I decided to post again :

Please Dev, I took a closer look at the new whitepaper.

It is written about the ICO Factory that it will be an update of the current Token Creation Service related to Minereum.

Does that mean one part of the Artemine project will consist in improving/updating some other parts of MNE?

If valid, why did you include the ICO Factory into the Artemine whitepaper as you already stated both AMNE & MNE will go on separately?

----

Regarding the Artemine ICO, could you please explain in details by providing a quick step-by-step guide on how we'll be proceeding to apply once the ICO starts?

Finally, could we be told an approximative date?

Thank you Dev.

Sell it to whom? As you know, it gets more difficult to mine coins as time goes on. Imagine I've bough a Gen address for 100MNE, giving me 10.000 ART. During the first years, let's say I mine 1 ART a day, for a price of 1,2$ a day. After 2 years I will have mined +- 600 ART (720$), and will have made a profit of 220$. At this time, it's already more difficult to mine ART. Now, I only get 1$ a day (IF the price has remained constant). Let's look at it realistically and say that, over the next 58 years, I will mine, on average, half an ART a day, for the price of 0.5$. The total remaining supply would therefore be worth around 4070$. Do you honestly believe anyone out there is going to spend that money, or even 1/10th of that money, for an address that makes half a dollar a day?

I think your math is way off for this estimation, you're assuming Artemine will be worth 1$?  This would be insanely undervalued at 1$ and in your last post you stated that having a supply under 10 million can generate a lot of income.  Well, Artemine will absolutely start with a small circulation (MNE is under 1 million right now) of coins and if you participate in the ICO will be the one receiving/mining these relatively rare tokens that will have more and more uses over time.  This seems like a no brainer for me!

Sell it to whom? As you know, it gets more difficult to mine coins as time goes on. Imagine I've bough a Gen address for 100MNE, giving me 10.000 ART. During the first years, let's say I mine 1 ART a day, for a price of 1,2$ a day. After 2 years I will have mined +- 600 ART (720$), and will have made a profit of 220$. At this time, it's already more difficult to mine ART. Now, I only get 1$ a day (IF the price has remained constant). Let's look at it realistically and say that, over the next 58 years, I will mine, on average, half an ART a day, for the price of 0.5$. The total remaining supply would therefore be worth around 4070$. Do you honestly believe anyone out there is going to spend that money, or even 1/10th of that money, for an address that makes half a dollar a day?

why not you can still sell your genesi address if you think so! i think 60 years is good time.

Sell it to whom? As you know, it gets more difficult to mine coins as time goes on. Imagine I've bough a Gen address for 100MNE, giving me 10.000 ART. During the first years, let's say I mine 1 ART a day, for a price of 1,2$ a day. After 2 years I will have mined +- 600 ART (720$), and will have made a profit of 220$. At this time, it's already more difficult to mine ART. Now, I only get 1$ a day (IF the price has remained constant). Let's look at it realistically and say that, over the next 58 years, I will mine, on average, half an ART a day, for the price of 0.5$. The total remaining supply would therefore be worth around 4070$. Do you honestly believe anyone out there is going to spend that money, or even 1/10th of that money, for an address that makes half a dollar a day?