Even so, I still believe in this project. Here is why.
First and foremost, when the developers do deliver on their promises (assuming they are good products). They are going to be huge. Creating and easy to use service to create tokens will change the landscape of Ethereum and Crypto in general. Minereum in many ways will become a gateway to Ethereum (plus the whole new type of smart-contract-trickle-release-thing).
Second, this token is limited big time. There just isn’t much of it. It doesn’t take that many investors to raise the price. When the developers follow through with their promises, it’s going to sky-rocket. Even without the whole destroying tokens used for official Minereum services promise.
Third, this token is out in the wild. It doesn’t matter what the developers do at this point. A solid algorithm has already been set up and tied to 4000+ genesis ETH accounts. This token is going to continue trickling into the crypto space for the next 47 years, period; even if the developers do nothing, even if the developers reserved half+ genesis addresses for themselves. The worst that could happen - they slowly sell their stake as it becomes available and someone else buys into the token.
Fourth, we don’t need the developers anymore. The important infrastructure of this token has been built. The tokens are in place, smart contracts have been initiated, the developers built something that can’t be stopped. We have a bonafide working cryptocurrency. WE can build services that only accept Minereum, if we wanted to (well I couldn’t, because I don’t know anything about coding, but you catch my drift). Don’t get me wrong, I want the developers to follow-through, but if they don’t, we can pick up the slack.
Fifth and finally, I don’t think the developers have bowed out yet or will anytime soon because the pay-off simply isn’t big enough for them yet. With such a small amount of Minereum released each day combined with the small market cap, the amount of work put into this token just doesn’t equal the pay-off at this point. Even if this is a scam, the scam-artists are playing the long game, they need this token to be a solid mover in the market. Even if the developers have half the addresses reserved for themselves, a lot more work will need to be put into the promotion and reputation of this token before they will be able to sell it at a significant profit. From what I can tell the DNA of this token just wasn’t built in a way conducive to scam-artists.
I don’t know why the developers don’t open up more channels of communication and avenues of transparency and to be frank, I find it bothersome as it seems antithetical to the project. But regardless of our qualms with the way the project is being managed, I think the evidence that this is a legitimate project which will benefit all participants is much stronger than the opposite. This is why I believe in Minereum and think it will succeed in unexpected and hopefully immeasurable ways.
thank you for share you viewpoint ! I believe MNE too.
