Topic: [ANN] Minereum - First Self Mining Smart Contract - page 163. (Read 438121 times)
When the artemine ico open?
Even with 2nd update from Developer, he can't realize with realities. He don't care about investors who bought MNE at higher levels. His main intension is to collect as much ETH as possible with this ART ICO.
Also Developer not mention any updates about MNE Roadmap. What about Minereum World? What about Minereum bounty programs?
Entire MNE community wait for MNE 2.0, because they think MNE 2.0 can helpful to reduce supply of MNE and boost price of MNE. But developer's update can't helpful to MNE in any way. And also its clear, that the DEV can't care MNE in future anymore.
But still there is a room for changes in ART ICO. My humble request is to make changes to ART ICO, which can beneficial to MNE holders.
Also Developer not mention any updates about MNE Roadmap. What about Minereum World? What about Minereum bounty programs?
Entire MNE community wait for MNE 2.0, because they think MNE 2.0 can helpful to reduce supply of MNE and boost price of MNE. But developer's update can't helpful to MNE in any way. And also its clear, that the DEV can't care MNE in future anymore.
But still there is a room for changes in ART ICO. My humble request is to make changes to ART ICO, which can beneficial to MNE holders.
This is bad, really really bad, I smell something fishy on this one, It doesn't matter, what happens, even though Artemine investors will know MNE< they will just ask themselves, why Buy MNE? If there is Artemine already?
Saying Artemine is MNE 2.0? Nah, its just bullshit, It doesn't support MNE in any way, Look at it like this, Many coins now is killing the innovations of other coins and having their own ICO,
Artemine is like that as well, the supposedly innovations of the MNE project will just be done in Artemine thus making MNE invaluable.
Saying Artemine is MNE 2.0? Nah, its just bullshit, It doesn't support MNE in any way, Look at it like this, Many coins now is killing the innovations of other coins and having their own ICO,
Artemine is like that as well, the supposedly innovations of the MNE project will just be done in Artemine thus making MNE invaluable.
why would someone want to join a new project that will be dominated by old mne genesis holders?
Hi All,
Just to clarify why we are adding ETH to the ICO, and why that is important:
1. We are discussing with partners for the ICO, these partners need to get paid. If we pay them in MNE this will create an incentive for them to sell MNE and therefore it will be bad for the MNE ecosystem as lots of MNE will be in few hands.
2. While Minereum launch was an isolated announcement on bitcointalk, Artemine will be much bigger than that, and with bigger audience we need to facilitate the way people can join, for new comers ETH is the option in (all) ICOs.
3. By adding ETH it doesn't mean at all that it's bad for MNE, for the contrary:
First, there is more likely wood for new people to join Artemine, and new people that know about Artemine will also know about Minereum for the first time.
And second, All received MNEs will be burned in any case, so the more MNE join Artemine, the less supply there will be in Minereum which is good for the ecosystem.
4. In Artemine, we are allowing users to put their Genesis Addresses for Sale (Automatically), that means, if you are a MNE holder you will have the option to create one (or more) Artemine Addresses, and if you convert your MNE into ART, you will not only get ART but you will also get access to this new market we are trying to create.
About the conversion of Genesis Addresses:
- Users will be able get Artemine by participating with MNE, this includes Genesis Address Holders. They will be able to send the (available) coins from their address and convert into Artemine.
I hope it clarifies, we know it's not easy to please everyone but after the long discussions we had in our team this is what was decided.
Just to clarify why we are adding ETH to the ICO, and why that is important:
1. We are discussing with partners for the ICO, these partners need to get paid. If we pay them in MNE this will create an incentive for them to sell MNE and therefore it will be bad for the MNE ecosystem as lots of MNE will be in few hands.
2. While Minereum launch was an isolated announcement on bitcointalk, Artemine will be much bigger than that, and with bigger audience we need to facilitate the way people can join, for new comers ETH is the option in (all) ICOs.
3. By adding ETH it doesn't mean at all that it's bad for MNE, for the contrary:
First, there is more likely wood for new people to join Artemine, and new people that know about Artemine will also know about Minereum for the first time.
And second, All received MNEs will be burned in any case, so the more MNE join Artemine, the less supply there will be in Minereum which is good for the ecosystem.
4. In Artemine, we are allowing users to put their Genesis Addresses for Sale (Automatically), that means, if you are a MNE holder you will have the option to create one (or more) Artemine Addresses, and if you convert your MNE into ART, you will not only get ART but you will also get access to this new market we are trying to create.
About the conversion of Genesis Addresses:
- Users will be able get Artemine by participating with MNE, this includes Genesis Address Holders. They will be able to send the (available) coins from their address and convert into Artemine.
I hope it clarifies, we know it's not easy to please everyone but after the long discussions we had in our team this is what was decided.
Whoa, really big update. I don't think that paid ICO is a good ideal, need to think more about it...
UPDATE
Hi Everyone,
We are now announcing more details about the next version of Minereum.
We want to introduce to our community Artemine.
Artemine is the Minereum 2.0 and will be launched as an ICO.
The first drafted Artemine Whitepaper can be seen here: http://artemine.org/ArtemineWhitepaperDraft0.1.pdf
We are still working on the project but for now we want to release this information so everyone knows in what we are working on.
As already mentioned before, both tokens (Minereum and Artemine) will be independent tokens, each of them with their own teams, exchanges, algorithms, etc. Both tokens will be running side by side.
For now, we invite you to have a look into the Artemine whitepaper.
More updates will follow soon, stay tuned!
Great news is coming!Hi Everyone,
We are now announcing more details about the next version of Minereum.
We want to introduce to our community Artemine.
Artemine is the Minereum 2.0 and will be launched as an ICO.
The first drafted Artemine Whitepaper can be seen here: http://artemine.org/ArtemineWhitepaperDraft0.1.pdf
We are still working on the project but for now we want to release this information so everyone knows in what we are working on.
As already mentioned before, both tokens (Minereum and Artemine) will be independent tokens, each of them with their own teams, exchanges, algorithms, etc. Both tokens will be running side by side.
For now, we invite you to have a look into the Artemine whitepaper.
More updates will follow soon, stay tuned!
However, I still kind of don't like the ICO model of Artemine. Airdrop is a very important feature of Minereum.
Hi All,
Just to clarify why we are adding ETH to the ICO, and why that is important:
1. We are discussing with partners for the ICO, these partners need to get paid. If we pay them in MNE this will create an incentive for them to sell MNE and therefore it will be bad for the MNE ecosystem as lots of MNE will be in few hands.
2. While Minereum launch was an isolated announcement on bitcointalk, Artemine will be much bigger than that, and with bigger audience we need to facilitate the way people can join, for new comers ETH is the option in (all) ICOs.
3. By adding ETH it doesn't mean at all that it's bad for MNE, for the contrary:
First, there is more likely wood for new people to join Artemine, and new people that know about Artemine will also know about Minereum for the first time.
And second, All received MNEs will be burned in any case, so the more MNE join Artemine, the less supply there will be in Minereum which is good for the ecosystem.
4. In Artemine, we are allowing users to put their Genesis Addresses for Sale (Automatically), that means, if you are a MNE holder you will have the option to create one (or more) Artemine Addresses, and if you convert your MNE into ART, you will not only get ART but you will also get access to this new market we are trying to create.
About the conversion of Genesis Addresses:
- Users will be able get Artemine by participating with MNE, this includes Genesis Address Holders. They will be able to send the (available) coins from their address and convert into Artemine.
I hope it clarifies, we know it's not easy to please everyone but after the long discussions we had in our team this is what was decided.
Just to clarify why we are adding ETH to the ICO, and why that is important:
1. We are discussing with partners for the ICO, these partners need to get paid. If we pay them in MNE this will create an incentive for them to sell MNE and therefore it will be bad for the MNE ecosystem as lots of MNE will be in few hands.
2. While Minereum launch was an isolated announcement on bitcointalk, Artemine will be much bigger than that, and with bigger audience we need to facilitate the way people can join, for new comers ETH is the option in (all) ICOs.
3. By adding ETH it doesn't mean at all that it's bad for MNE, for the contrary:
First, there is more likely wood for new people to join Artemine, and new people that know about Artemine will also know about Minereum for the first time.
And second, All received MNEs will be burned in any case, so the more MNE join Artemine, the less supply there will be in Minereum which is good for the ecosystem.
4. In Artemine, we are allowing users to put their Genesis Addresses for Sale (Automatically), that means, if you are a MNE holder you will have the option to create one (or more) Artemine Addresses, and if you convert your MNE into ART, you will not only get ART but you will also get access to this new market we are trying to create.
About the conversion of Genesis Addresses:
- Users will be able get Artemine by participating with MNE, this includes Genesis Address Holders. They will be able to send the (available) coins from their address and convert into Artemine.
I hope it clarifies, we know it's not easy to please everyone but after the long discussions we had in our team this is what was decided.
Whoa, really big update. I don't think that paid ICO is a good ideal, need to think more about it...
Hi All,
Just to clarify why we are adding ETH to the ICO, and why that is important:
1. We are discussing with partners for the ICO, these partners need to get paid. If we pay them in MNE this will create an incentive for them to sell MNE and therefore it will be bad for the MNE ecosystem as lots of MNE will be in few hands.
2. While Minereum launch was an isolated announcement on bitcointalk, Artemine will be much bigger than that, and with bigger audience we need to facilitate the way people can join, for new comers ETH is the option in (all) ICOs.
3. By adding ETH it doesn't mean at all that it's bad for MNE, for the contrary:
First, there is more likely wood for new people to join Artemine, and new people that know about Artemine will also know about Minereum for the first time.
And second, All received MNEs will be burned in any case, so the more MNE join Artemine, the less supply there will be in Minereum which is good for the ecosystem.
4. In Artemine, we are allowing users to put their Genesis Addresses for Sale (Automatically), that means, if you are a MNE holder you will have the option to create one (or more) Artemine Addresses, and if you convert your MNE into ART, you will not only get ART but you will also get access to this new market we are trying to create.
About the conversion of Genesis Addresses:
- Users will be able get Artemine by participating with MNE, this includes Genesis Address Holders. They will be able to send the (available) coins from their address and convert into Artemine.
I hope it clarifies, we know it's not easy to please everyone but after the long discussions we had in our team this is what was decided.
Just to clarify why we are adding ETH to the ICO, and why that is important:
1. We are discussing with partners for the ICO, these partners need to get paid. If we pay them in MNE this will create an incentive for them to sell MNE and therefore it will be bad for the MNE ecosystem as lots of MNE will be in few hands.
2. While Minereum launch was an isolated announcement on bitcointalk, Artemine will be much bigger than that, and with bigger audience we need to facilitate the way people can join, for new comers ETH is the option in (all) ICOs.
3. By adding ETH it doesn't mean at all that it's bad for MNE, for the contrary:
First, there is more likely wood for new people to join Artemine, and new people that know about Artemine will also know about Minereum for the first time.
And second, All received MNEs will be burned in any case, so the more MNE join Artemine, the less supply there will be in Minereum which is good for the ecosystem.
4. In Artemine, we are allowing users to put their Genesis Addresses for Sale (Automatically), that means, if you are a MNE holder you will have the option to create one (or more) Artemine Addresses, and if you convert your MNE into ART, you will not only get ART but you will also get access to this new market we are trying to create.
About the conversion of Genesis Addresses:
- Users will be able get Artemine by participating with MNE, this includes Genesis Address Holders. They will be able to send the (available) coins from their address and convert into Artemine.
I hope it clarifies, we know it's not easy to please everyone but after the long discussions we had in our team this is what was decided.
So what will the exchange rate be for purchasing ART with MNE?
From the whitepaper it says, "For example assuming the exchange rate between ETH and ART is 1 to 1000, users
contributing 1 ETH will get 1000 ART in their Genesis Address. This amount will then be
automatically mined for X amount of years. (The same applies for MNE contributions)"
Does that mean 1 MNE is also worth 1000 ART
? The way it's worded makes it seem that way, that's a big deal if so. It would be much better to buy MNE for ART than to use ETH in that case. I believe a price hasn't been set yet. That was just an example
Yes, but his question is if 1 MNE will give you the same amount of ART as 1 ETH. While it could be interpreted that way, based on the wording, I think you can safely assume that is not what is meant. A better way to word what they meant would be something like this: For example, Depending on the value/price of the coins, the amount of ART received will vary. At the current prices 1 ETH will get you 300 ART while 1 MNE will get you 1 ART since Minereum is currently worth 300 times less than ETH.
Obviously since ETH is valued so much higher than MNE, it will always be the case that ETH will get you more ART than MNE. However, I think we all agree that it would better if using MNE also came with an incentive, even a small one. For example, every 100 MNE used to swap for ART, you will be rewarded 20 extra ART. Or if you took the actual dollar amounts. For every 1 dollar spent using ETH you receive 1 ART but for every 1 dollar spent using MNE you get 2 ART.
Bad idea!
Do a pre-sale for MNE holders and apply a fixed rate regardless the valued rate on the exchanges, after that open it up for the ETH ICO.
Limited offer only get 10 ART for 1 MNE within the next 48 hours, next will be 300 ART of 1 ETH. It doesn't cost anything depending on the total supply of ART coins but I guess these will be in the millions and it will give all the MNE holders a fair opportunity to benefit from this.
Even if MNE holders decide not to take it, it will create a feeding frenzy and the rate will explode to allow them to offload their bags against a decent price.
I hope Dev realizes that all this confusion also contributed to the steep decline of MNE recently so there must be some compensation offer incorporated in the swap.
An ICO, well did not expect that lol I guess it's more profitable when MNE's Liquidity dried up.
Pretty cool seeing this come out when MNE price dropped to shit.
Not Shady at all.
@Devs I assume you're going to stay anonymous and offer no escrow right
Hi All,
Just to clarify why we are adding ETH to the ICO, and why that is important:
1. We are discussing with partners for the ICO, these partners need to get paid. If we pay them in MNE this will create an incentive for them to sell MNE and therefore it will be bad for the MNE ecosystem as lots of MNE will be in few hands.
2. While Minereum launch was an isolated announcement on bitcointalk, Artemine will be much bigger than that, and with bigger audience we need to facilitate the way people can join, for new comers ETH is the option in (all) ICOs.
3. By adding ETH it doesn't mean at all that it's bad for MNE, for the contrary:
First, there is more likely wood for new people to join Artemine, and new people that know about Artemine will also know about Minereum for the first time.
And second, All received MNEs will be burned in any case, so the more MNE join Artemine, the less supply there will be in Minereum which is good for the ecosystem.
4. In Artemine, we are allowing users to put their Genesis Addresses for Sale (Automatically), that means, if you are a MNE holder you will have the option to create one (or more) Artemine Addresses, and if you convert your MNE into ART, you will not only get ART but you will also get access to this new market we are trying to create.
About the conversion of Genesis Addresses:
- Users will be able get Artemine by participating with MNE, this includes Genesis Address Holders. They will be able to send the (available) coins from their address and convert into Artemine.
I hope it clarifies, we know it's not easy to please everyone but after the long discussions we had in our team this is what was decided.
Just to clarify why we are adding ETH to the ICO, and why that is important:
1. We are discussing with partners for the ICO, these partners need to get paid. If we pay them in MNE this will create an incentive for them to sell MNE and therefore it will be bad for the MNE ecosystem as lots of MNE will be in few hands.
2. While Minereum launch was an isolated announcement on bitcointalk, Artemine will be much bigger than that, and with bigger audience we need to facilitate the way people can join, for new comers ETH is the option in (all) ICOs.
3. By adding ETH it doesn't mean at all that it's bad for MNE, for the contrary:
First, there is more likely wood for new people to join Artemine, and new people that know about Artemine will also know about Minereum for the first time.
And second, All received MNEs will be burned in any case, so the more MNE join Artemine, the less supply there will be in Minereum which is good for the ecosystem.
4. In Artemine, we are allowing users to put their Genesis Addresses for Sale (Automatically), that means, if you are a MNE holder you will have the option to create one (or more) Artemine Addresses, and if you convert your MNE into ART, you will not only get ART but you will also get access to this new market we are trying to create.
About the conversion of Genesis Addresses:
- Users will be able get Artemine by participating with MNE, this includes Genesis Address Holders. They will be able to send the (available) coins from their address and convert into Artemine.
I hope it clarifies, we know it's not easy to please everyone but after the long discussions we had in our team this is what was decided.
So what will the exchange rate be for purchasing ART with MNE?
From the whitepaper it says, "For example assuming the exchange rate between ETH and ART is 1 to 1000, users
contributing 1 ETH will get 1000 ART in their Genesis Address. This amount will then be
automatically mined for X amount of years. (The same applies for MNE contributions)"
Does that mean 1 MNE is also worth 1000 ART
? The way it's worded makes it seem that way, that's a big deal if so. It would be much better to buy MNE for ART than to use ETH in that case. I believe a price hasn't been set yet. That was just an example
Yes, but his question is if 1 MNE will give you the same amount of ART as 1 ETH. While it could be interpreted that way, based on the wording, I think you can safely assume that is not what is meant. A better way to word what they meant would be something like this: For example, Depending on the value/price of the coins, the amount of ART received will vary. At the current prices 1 ETH will get you 300 ART while 1 MNE will get you 1 ART since Minereum is currently worth 300 times less than ETH.
Obviously since ETH is valued so much higher than MNE, it will always be the case that ETH will get you more ART than MNE. However, I think we all agree that it would better if using MNE also came with an incentive, even a small one. For example, every 100 MNE used to swap for ART, you will be rewarded 20 extra ART. Or if you took the actual dollar amounts. For every 1 dollar spent using ETH you receive 1 ART but for every 1 dollar spent using MNE you get 2 ART.
Bad idea!
Do a pre-sale for MNE holders and apply a fixed rate regardless the valued rate on the exchanges, after that open it up for the ETH ICO.
Limited offer only get 10 ART for 1 MNE within the next 48 hours, next will be 300 ART of 1 ETH. It doesn't cost anything depending on the total supply of ART coins but I guess these will be in the millions and it will give all the MNE holders a fair opportunity to benefit from this.
Even if MNE holders decide not to take it, it will create a feeding frenzy and the rate will explode to allow them to offload their bags against a decent price.
I hope Dev realizes that all this confusion also contributed to the steep decline of MNE recently so there must be some compensation offer incorporated in the swap.
Like all the others already wrote, there must be an extra for MNE holders.
Any other decision would be nothing but ridiculous!
well thats it. This smells so fishy, even sharks would hesitate to take a bite.
Jumping off when i break even.
Jumping off when i break even.
Adios bitch.
well thats it. This smells so fishy, even sharks would hesitate to take a bite.
Jumping off when i break even.
Jumping off when i break even.
are the MNE TOKEN will rise again like an old time? any opinion?
Raise in what direction? If it is in relation to value, in this crypto world it always has ups and downs
Hi All,
Just to clarify why we are adding ETH to the ICO, and why that is important:
1. We are discussing with partners for the ICO, these partners need to get paid. If we pay them in MNE this will create an incentive for them to sell MNE and therefore it will be bad for the MNE ecosystem as lots of MNE will be in few hands.
2. While Minereum launch was an isolated announcement on bitcointalk, Artemine will be much bigger than that, and with bigger audience we need to facilitate the way people can join, for new comers ETH is the option in (all) ICOs.
3. By adding ETH it doesn't mean at all that it's bad for MNE, for the contrary:
First, there is more likely wood for new people to join Artemine, and new people that know about Artemine will also know about Minereum for the first time.
And second, All received MNEs will be burned in any case, so the more MNE join Artemine, the less supply there will be in Minereum which is good for the ecosystem.
4. In Artemine, we are allowing users to put their Genesis Addresses for Sale (Automatically), that means, if you are a MNE holder you will have the option to create one (or more) Artemine Addresses, and if you convert your MNE into ART, you will not only get ART but you will also get access to this new market we are trying to create.
About the conversion of Genesis Addresses:
- Users will be able get Artemine by participating with MNE, this includes Genesis Address Holders. They will be able to send the (available) coins from their address and convert into Artemine.
I hope it clarifies, we know it's not easy to please everyone but after the long discussions we had in our team this is what was decided.
Just to clarify why we are adding ETH to the ICO, and why that is important:
1. We are discussing with partners for the ICO, these partners need to get paid. If we pay them in MNE this will create an incentive for them to sell MNE and therefore it will be bad for the MNE ecosystem as lots of MNE will be in few hands.
2. While Minereum launch was an isolated announcement on bitcointalk, Artemine will be much bigger than that, and with bigger audience we need to facilitate the way people can join, for new comers ETH is the option in (all) ICOs.
3. By adding ETH it doesn't mean at all that it's bad for MNE, for the contrary:
First, there is more likely wood for new people to join Artemine, and new people that know about Artemine will also know about Minereum for the first time.
And second, All received MNEs will be burned in any case, so the more MNE join Artemine, the less supply there will be in Minereum which is good for the ecosystem.
4. In Artemine, we are allowing users to put their Genesis Addresses for Sale (Automatically), that means, if you are a MNE holder you will have the option to create one (or more) Artemine Addresses, and if you convert your MNE into ART, you will not only get ART but you will also get access to this new market we are trying to create.
About the conversion of Genesis Addresses:
- Users will be able get Artemine by participating with MNE, this includes Genesis Address Holders. They will be able to send the (available) coins from their address and convert into Artemine.
I hope it clarifies, we know it's not easy to please everyone but after the long discussions we had in our team this is what was decided.
So what will the exchange rate be for purchasing ART with MNE?
From the whitepaper it says, "For example assuming the exchange rate between ETH and ART is 1 to 1000, users
contributing 1 ETH will get 1000 ART in their Genesis Address. This amount will then be
automatically mined for X amount of years. (The same applies for MNE contributions)"
Does that mean 1 MNE is also worth 1000 ART
? The way it's worded makes it seem that way, that's a big deal if so. It would be much better to buy MNE for ART than to use ETH in that case. I believe a price hasn't been set yet. That was just an example
Yes, but his question is if 1 MNE will give you the same amount of ART as 1 ETH. While it could be interpreted that way, based on the wording, I think you can safely assume that is not what is meant. A better way to word what they meant would be something like this: For example, Depending on the value/price of the coins, the amount of ART received will vary. At the current prices 1 ETH will get you 300 ART while 1 MNE will get you 1 ART since Minereum is currently worth 300 times less than ETH.
Obviously since ETH is valued so much higher than MNE, it will always be the case that ETH will get you more ART than MNE. However, I think we all agree that it would better if using MNE also came with an incentive, even a small one. For example, every 100 MNE used to swap for ART, you will be rewarded 20 extra ART. Or if you took the actual dollar amounts. For every 1 dollar spent using ETH you receive 1 ART but for every 1 dollar spent using MNE you get 2 ART.
Bad idea!
Do a pre-sale for MNE holders and apply a fixed rate regardless the valued rate on the exchanges, after that open it up for the ETH ICO.
Limited offer only get 10 ART for 1 MNE within the next 48 hours, next will be 300 ART of 1 ETH. It doesn't cost anything depending on the total supply of ART coins but I guess these will be in the millions and it will give all the MNE holders a fair opportunity to benefit from this.
Even if MNE holders decide not to take it, it will create a feeding frenzy and the rate will explode to allow them to offload their bags against a decent price.
I hope Dev realizes that all this confusion also contributed to the steep decline of MNE recently so there must be some compensation offer incorporated in the swap.
are the MNE TOKEN will rise again like an old time? any opinion?
Let's what this adventure will bring I hope conversion price will be fair and acceptable by the holders who bought this coin at very high price. But before make any comments we should wait for few more times until the ICO structure will get decided.
I hope everyone feels better now. You got your post. Now go read the whitepaper and chill the fuck out.
Well Donkey, how do you feel about ETH being suddenly brought in the ICO?
You should have an opinion right? Anxious to hear your feedback on this? Still 100% sure about the reliability?
I personally don't have an issue with it. Though ETH is technically a competitor, it will be naive not to acknowledge, that it's had a better adoption rate. With ETH implementation it might bring new blood to the mix. Individuals that might have been uninterested in dealing directly with MNE. And if there is a substantial interest in ART, it will inadvertently result in a substantial decrease of MNE.
Sure in a way it's a middle finger to MNE as a whole, but hopefully, the decrease in MNE supply will increase the price.
Also, if someone decides to utilize MNE tech to create a token that's not a joke i.e 300 token ( yeah the vid was super funny) That will improve the value and supply will be scarce.
Am hoping for a bitcoindark-komodo situation. I know the tech is not the same but am using it as an analogy.
Nice news dev. Keep it coming.
I still think that all genesis holders should shut up whatever dev decides because they all got everything for free.
I also still think that post-genesis MNE holders should have known exactly what they were getting into and should also shut up
I think making this an MNE/ETH ICO is fair to genesis holders. They get throw their 200~ free MNE at the ICO and still have more than 30k left. Its fair to post-genesis holders because its gives them the opportunity to offload their MNE for something new which will be bigger and backed by ETH investments as well. I would have strongly advised against an MNE only ICO because it would smell like Mastercoin and Next too much.
To those who bought at 5$ or more and hold a bag: dev never hyped this, you did. Be happy you get another chance and with a bit of luck will still ROI.
Yeah, but the most important question we should be asking is what the exchange rate will be (and it should be heavily in our favor, especially since people bought at $10+). To promote MNE, we should in that example be able to get more ART for cheaper using MNE than ETH. People can still get ART using ETH, but it should be better to get it through MNE. If that's not the case then everyone should be rather pissed off and it'll look like the developer never really cared for the people that truly funded ART which are people that supported MNE.
Example of what I'd expect (not these exact numbers but conversion rate wise being in our favor):
1 ETH = 1000 ART
OR
5 MNE = 1000 ART
Exactly. I hope that all those who believed in MNE, and keep believing in it despite the price being near to 0, will have some kind of special treatment. Example of what I'd expect (not these exact numbers but conversion rate wise being in our favor):
1 ETH = 1000 ART
OR
5 MNE = 1000 ART
Hi All,
Just to clarify why we are adding ETH to the ICO, and why that is important:
1. We are discussing with partners for the ICO, these partners need to get paid. If we pay them in MNE this will create an incentive for them to sell MNE and therefore it will be bad for the MNE ecosystem as lots of MNE will be in few hands.
2. While Minereum launch was an isolated announcement on bitcointalk, Artemine will be much bigger than that, and with bigger audience we need to facilitate the way people can join, for new comers ETH is the option in (all) ICOs.
3. By adding ETH it doesn't mean at all that it's bad for MNE, for the contrary:
First, there is more likely wood for new people to join Artemine, and new people that know about Artemine will also know about Minereum for the first time.
And second, All received MNEs will be burned in any case, so the more MNE join Artemine, the less supply there will be in Minereum which is good for the ecosystem.
4. In Artemine, we are allowing users to put their Genesis Addresses for Sale (Automatically), that means, if you are a MNE holder you will have the option to create one (or more) Artemine Addresses, and if you convert your MNE into ART, you will not only get ART but you will also get access to this new market we are trying to create.
About the conversion of Genesis Addresses:
- Users will be able get Artemine by participating with MNE, this includes Genesis Address Holders. They will be able to send the (available) coins from their address and convert into Artemine.
I hope it clarifies, we know it's not easy to please everyone but after the long discussions we had in our team this is what was decided.
Just to clarify why we are adding ETH to the ICO, and why that is important:
1. We are discussing with partners for the ICO, these partners need to get paid. If we pay them in MNE this will create an incentive for them to sell MNE and therefore it will be bad for the MNE ecosystem as lots of MNE will be in few hands.
2. While Minereum launch was an isolated announcement on bitcointalk, Artemine will be much bigger than that, and with bigger audience we need to facilitate the way people can join, for new comers ETH is the option in (all) ICOs.
3. By adding ETH it doesn't mean at all that it's bad for MNE, for the contrary:
First, there is more likely wood for new people to join Artemine, and new people that know about Artemine will also know about Minereum for the first time.
And second, All received MNEs will be burned in any case, so the more MNE join Artemine, the less supply there will be in Minereum which is good for the ecosystem.
4. In Artemine, we are allowing users to put their Genesis Addresses for Sale (Automatically), that means, if you are a MNE holder you will have the option to create one (or more) Artemine Addresses, and if you convert your MNE into ART, you will not only get ART but you will also get access to this new market we are trying to create.
About the conversion of Genesis Addresses:
- Users will be able get Artemine by participating with MNE, this includes Genesis Address Holders. They will be able to send the (available) coins from their address and convert into Artemine.
I hope it clarifies, we know it's not easy to please everyone but after the long discussions we had in our team this is what was decided.
So what will the exchange rate be for purchasing ART with MNE?
From the whitepaper it says, "For example assuming the exchange rate between ETH and ART is 1 to 1000, users
contributing 1 ETH will get 1000 ART in their Genesis Address. This amount will then be
automatically mined for X amount of years. (The same applies for MNE contributions)"
Does that mean 1 MNE is also worth 1000 ART
? The way it's worded makes it seem that way, that's a big deal if so. It would be much better to buy MNE for ART than to use ETH in that case. I believe a price hasn't been set yet. That was just an example
Yes, but his question is if 1 MNE will give you the same amount of ART as 1 ETH. While it could be interpreted that way, based on the wording, I think you can safely assume that is not what is meant. A better way to word what they meant would be something like this: For example, Depending on the value/price of the coins, the amount of ART received will vary. At the current prices 1 ETH will get you 300 ART while 1 MNE will get you 1 ART since Minereum is currently worth 300 times less than ETH.
Obviously since ETH is valued so much higher than MNE, it will always be the case that ETH will get you more ART than MNE. However, I think we all agree that it would better if using MNE also came with an incentive, even a small one. For example, every 100 MNE used to swap for ART, you will be rewarded 20 extra ART. Or if you took the actual dollar amounts. For every 1 dollar spent using ETH you receive 1 ART but for every 1 dollar spent using MNE you get 2 ART.
Yep, exactly. I wasn't as clear as I wanted to be but you get the point now
Hi All,
Just to clarify why we are adding ETH to the ICO, and why that is important:
1. We are discussing with partners for the ICO, these partners need to get paid. If we pay them in MNE this will create an incentive for them to sell MNE and therefore it will be bad for the MNE ecosystem as lots of MNE will be in few hands.
2. While Minereum launch was an isolated announcement on bitcointalk, Artemine will be much bigger than that, and with bigger audience we need to facilitate the way people can join, for new comers ETH is the option in (all) ICOs.
3. By adding ETH it doesn't mean at all that it's bad for MNE, for the contrary:
First, there is more likely wood for new people to join Artemine, and new people that know about Artemine will also know about Minereum for the first time.
And second, All received MNEs will be burned in any case, so the more MNE join Artemine, the less supply there will be in Minereum which is good for the ecosystem.
4. In Artemine, we are allowing users to put their Genesis Addresses for Sale (Automatically), that means, if you are a MNE holder you will have the option to create one (or more) Artemine Addresses, and if you convert your MNE into ART, you will not only get ART but you will also get access to this new market we are trying to create.
About the conversion of Genesis Addresses:
- Users will be able get Artemine by participating with MNE, this includes Genesis Address Holders. They will be able to send the (available) coins from their address and convert into Artemine.
I hope it clarifies, we know it's not easy to please everyone but after the long discussions we had in our team this is what was decided.
Just to clarify why we are adding ETH to the ICO, and why that is important:
1. We are discussing with partners for the ICO, these partners need to get paid. If we pay them in MNE this will create an incentive for them to sell MNE and therefore it will be bad for the MNE ecosystem as lots of MNE will be in few hands.
2. While Minereum launch was an isolated announcement on bitcointalk, Artemine will be much bigger than that, and with bigger audience we need to facilitate the way people can join, for new comers ETH is the option in (all) ICOs.
3. By adding ETH it doesn't mean at all that it's bad for MNE, for the contrary:
First, there is more likely wood for new people to join Artemine, and new people that know about Artemine will also know about Minereum for the first time.
And second, All received MNEs will be burned in any case, so the more MNE join Artemine, the less supply there will be in Minereum which is good for the ecosystem.
4. In Artemine, we are allowing users to put their Genesis Addresses for Sale (Automatically), that means, if you are a MNE holder you will have the option to create one (or more) Artemine Addresses, and if you convert your MNE into ART, you will not only get ART but you will also get access to this new market we are trying to create.
About the conversion of Genesis Addresses:
- Users will be able get Artemine by participating with MNE, this includes Genesis Address Holders. They will be able to send the (available) coins from their address and convert into Artemine.
I hope it clarifies, we know it's not easy to please everyone but after the long discussions we had in our team this is what was decided.
So what will the exchange rate be for purchasing ART with MNE?
From the whitepaper it says, "For example assuming the exchange rate between ETH and ART is 1 to 1000, users
contributing 1 ETH will get 1000 ART in their Genesis Address. This amount will then be
automatically mined for X amount of years. (The same applies for MNE contributions)"
Does that mean 1 MNE is also worth 1000 ART
? The way it's worded makes it seem that way, that's a big deal if so. It would be much better to buy MNE for ART than to use ETH in that case. I believe a price hasn't been set yet. That was just an example
Yes, but his question is if 1 MNE will give you the same amount of ART as 1 ETH. While it could be interpreted that way, based on the wording, I think you can safely assume that is not what is meant. A better way to word what they meant would be something like this: For example, Depending on the value/price of the coins, the amount of ART received will vary. At the current prices 1 ETH will get you 300 ART while 1 MNE will get you 1 ART since Minereum is currently worth 300 times less than ETH.
Obviously since ETH is valued so much higher than MNE, it will always be the case that ETH will get you more ART than MNE. However, I think we all agree that it would better if using MNE also came with an incentive, even a small one. For example, every 100 MNE used to swap for ART, you will be rewarded 20 extra ART. Or if you took the actual dollar amounts. For every 1 dollar spent using ETH you receive 1 ART but for every 1 dollar spent using MNE you get 2 ART.
Jump to: