Topic: [ANN] Minereum - 🔥 🚀 Minereum is Launched on ETH, BSC and Polygon 🚀 - page 48. (Read 63377 times)

Can you please explain a little bit about destroy Genesis Addresses, am I need to pay ETH fee in order to destroy my Genesis Address, what amount of MNE will I receive after destroy it (for example I want to destroy my Genesis Address 2 days after mne v2 is launched, and my Genesis Address is at level 1, I don't want to upgrade)?
Also, will that amount of MNE be possible to exchange to other cryptocurrency?

Thank you.

Hi Everyone,

At the moment we are working on preparing all the steps to launch minereum V2.

The launch is divided in 6 phases:

1. Create the new Token Smart Contract
2. Launch minereum V2
3. Build the new decentralized web3 platform to trade Genesis Addresses
4. Transfer all the balances from minereum 1.0 to minereum V2
5. Distribute all the new Genesis Addresses being currently claimed (For more info see this previous post)
6. Launch the Decentralized Trading Platform for Genesis Addresses

Our main goal with minereum V2 is to continue the evolution of smart contract mining technology and with that allowing the decentralized trading of Genesis Addresses and also finding other future useful utilities for MNE.

STAKE HOLDER PROGRAM

Note: Anyone can participate, simply send MNE to this address - if you don’t own MNE you can acquire it on livecoin.net (MNE/BTC) or livecoin.net (MNE/ETH)

In this new decentralized trading platform we are planning to apply a 10% fee to the overall ETH volume used to acquire Genesis Addresses.

To reward all the minereum owners we will create a special stake holder program starting from today that will allow you to receive a percentage of all the trading fees applied on this new market (for life).

The percentage you receive will be proportional to the total amount of MNE that is contributed to this special program address:

0xcd7156c91a26625f397f143c2c618ec1cb1e6c98

(Anyone can participate, simply send MNE to this address - if you don’t own MNE you can acquire it on livecoin.net (MNE/BTC) or livecoin.net (MNE/ETH))

WARNING: Only send MNE from addresses you have control. DO NOT send from exchanges, you will lose your coins and stake.


For Example:

- 10 People contribute in total 10000 MNE
- Each of them sent 1000 MNE
- Meaning each of them contributed 10%
- Each of them is entitled to 10% of the Genesis Addresses ETH volume fees
- Assuming in the first year of the new Genesis Address Trading platform there is a volume fees of 10000 ETH, each of the contributors receives 1000 ETH on year 1.

One other feature is that you will also be able to trade your stake in this special program for ETH via smart contract (totally decentralized), in case you want to sell it.

More updates soon!

IMPORTANT UPDATE: we are going to extend the Stake Holder Program to the Genesis Addresses activation fees and decentralized MNE trading  as well.

Meaning, whoever participates in the Stake Holder Program will not only get a share of the Genesis Addresses Trading fees but also a share of the Genesis Address activation fees! Keep in mind that the Stakes will be tradable as well, in exchange for MNE.

Also we are planning to introduce decentralized MNE trading (meaning instead of only using an exchange to trade MNE you will be able to trade it on our platform directly), the fees applied to this market will also be distributed to the Stake Holder Program participants.

More details about the % of the fees allocated to the Stake Holders will be provided closer to the launch date.

The participation in the Stake Holder Program will end when Minereum V2 is launched.

Stay tuned for more updates!

About Activating  a MNE address, if the address is not activated does that mean MNE wouldn't be sent to that particular address

8. A new feature that will allow users to destroy Genesis Addresses in exchange for a small % of the balance

We are still defining all details but here is the latest info:

There will be 3 levels of Genesis Addresses
- Level 1 (no fee)
Genesis Addresses receives 32,000 MNE but is not activated, owners can set these addresses for sale. However since the address is not activated, coins are not self mined and MNE transfers are not possible.
- Level 2 (fee applies)
Genesis Address is activated and the self-mining process starts, owners can set the address for sale at the price they wish, however MNE transfers are not possible
- Level 3 (fee applies)
Genesis Address is fully activated including MNE transfers & MNE decentralized trading

The Level 1 addresses are the ones being airdropped in the claim page right now (http://v2.minereum.com) after mne v2 is launched owners will be able to upgrade the addresses to Level 2 & Level 3.

Keep in mind that when the claim phase ends it will not be possible to create more Level 1 addresses.

To answer your question the mining process only starts after Level 2 is activated, meaning the sooner they are activated the more coins they will mine.

All the fees applied in mne v2 will be distributed to the Stake Holder Program participants, meaning:

- Activation Fees
- Genesis Address Decentralized Trading fees
- MNE Decentralized trading fees

For more details on the Stake Holder Program: https://bitcointalksearch.org/topic/m.53332411

So on the release date, all genesis addresses will have balance of 32K, but this balance will be locked and unlocked gradually with approximately 1.84 MNE per day? Let's say i paid a fee not on the release day1, but on the 3rd day, when the daily 1.84 unlock will be, starting from day1 or the day i paid a small fee?

Total Amount of coins per Genesis Address: 32,000 MNE
Total amount of coins generated per ethereum block: 0.00032 MNE
Total of blocks until all coins mined: 100,000,000 (~50 years)
Total amount of coins generated per day per address: Aprox. 1.84 MNE

EXACTLY

If it's free then what have you got to lose? Also the minereum team continues to develop things that haven't ever been done, that alone is worth paying attention and worth the cost of admission...which is zero. I see where the potential for profit is, not sure how you cannot man. I hope they get the coin creator service going again, had some solid ideas recently but you guys shut it down lol

To recieve MNE tokens you are required to register your own ETH address(es) and pay a small fee to be able to claim genesis address tokens. The amount of fee will be determined at a later date

50 Accounts Will I be distributed to all accounts? and What I wonder do you know? What + has this for you

Of course we are aware of the problem of oversupply and we have mechanisms in place to counter this effect: Possibility to destroy genesis addresses for a small reward, introduction of a small fee to active the genesis addresses.

This is most likely not a restriction on the registration of addresses, but a mechanism that will work after the launch of the project, it turns out that you can register as much as you want ,and then everything will depend on the price of coins and whether it will be profitable to activate these addresses  

I'm unable to check available balance of a minereum v1 genesis address. I use to open the read contract section on etherscan, and use the "available balance of" function, but now when I click the query button I don't see any value in the result label. Is this connected to mne v2? Are mne from v1 genesis addresses still spendable? How could I check the balance available to send?

Thank you.

I'm unable to check available balance of a minereum v1 genesis address. I use to open the read contract section on etherscan, and use the "available balance of" function, but now when I click the query button I don't see any value in the result label. Is this connected to mne v2? Are mne from v1 genesis addresses still spendable? How could I check the balance available to send?

Thank you.