New type of coin, self mining smart contract. Sounds interesting but how does it work?
Simple, the tokens are generated automatically, but only the genesis addresses that were given in the initial airdrop, there were +4000 addresses submitted, so they are the only ones to be able to mine, because of this, about +4000 tokens are generated a day, no more, so the supply is constant, right now the only way to get MNE is to buy it, the holders of genesis addresses are the ones to distributed in exchanges.
I'd be pumped too if I was one of those that was given the golden goose.
This is great for the elite class of genesis address holder but where is the profit for buyers is where I'm having some difficulty wrapping my head around.
I bought some early so I'm happy. But I really want to hear what other buyers are thinking about never being part of the genesis class. Because no matter what money or effort we put in, those guys are the only ones get fed for nothing.
We are just starting, there is a roadmap in the webpage, there a lot of projects to come, the token was from just a month ago and its been in livecoin for 1 week, so you can't expect a lot of advancement just yet, the profit for buyers as of now is the exchange rate later, buy now, sell later when the price high enough, later I imagine this will be pushed for people who want MNE for the token creation service, or the Smart lottery, etc. projects that are being developed or in conceptualization; now when tokencard is on the network, I imagine that you'll be able to use it as a visa card, that would be true for any ethereum token though.
