Topic: [ANN] Minereum - 🔥 🚀 Minereum is Launched on ETH, BSC and Polygon 🚀 - page 54. (Read 63377 times)

That's all well and good but what is the ultimate purpose of MNE other than speculation?

Well to me is not important how large it will be the genesis address but how dev planning to develop someting usefull for the project itself, if mne v2 will be like mne v1 with dev absent for almost two years than it woudl cost nothing.

The enormous number of mne v2 genesis addresses that is forming means that mne v2 will have a very large maximum supply... very larger than mne v1. mne v1 is now quoted less than 100 satoshi... in this situation what will be the target price for mne v2 ?? 10 satoshi ?? This looks like a waste of time.

We can see already thousands of future mne v2 genesis addresses. What's the target? A million of genesis addresses? Than a mne v2 genesis address will be worth like an mne v1 token... 100 satoshi.

Really can't understand this.

hello guys, have few questions. Address wound be generate MNE after activation? After destroy address I will have 100 MNE immediately or after generating 50 days this 100 MNE or etc and then when I destroy I will have the amount that was generated?

It seems maximum supply with be based on the contribution of the community in this round and from the previous round who already owned the genesis addresses. But there is no time frame how long it could keep accepting from the people to submit their address.

There is no counter, but now approximately 8800 addresses are sent.

Tell me how many addresses will be in the genesis block? And accordingly Max Supply?

Reposting

No, anyone with MNE can participate.

Here it is not clear: only tokens created in the first wave of Airdrop will be able to participate in this program?
Do you have a counter of already registered addresses?

STAKE HOLDER PROGRAM

THE STAKE HOLDER PROGRAM IS NOW CLOSED! DO NOT SEND ANY MNE TO THE STAKE HOLDER ADDRESS OR THEY WILL BE LOST

Note: Anyone can participate in the stake holder program, simply send MNE to the eth address below - if you don’t own MNE you can acquire it on livecoin.net (MNE/BTC) or livecoin.net (MNE/ETH).

Stake holder program address: 0xcd7156c91a26625f397f143c2c618ec1cb1e6c98

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

What is the Stake Holder Program?

In minereum v2 there will be a range of fees in its processes, they are:

- Genesis Addresses Activation Fees
- Genesis Addresses Decentralized Trading Fees
- MNE Decentralized Trading Fees

All these fees will be distributed to the Stake Holders based on the % they own.

The final % for each Stake Holder will be calculated when the program ends based on the overall total amount.

The Stake Holder participation will be active until minereum V2 is launched, after minereum v2 is launched it won't be possible to participate anymore. However there will be a decentralized trading platform for Stakes, users will be able to buy and sell %s of the stakes.

How it works - Fees example

Genesis Addresses Activation Fees

For Example:

1. 10 People participate in the Stake Holder Program, in total they sent 10000 MNE
2. Each of them sent 1000 MNE
3. Meaning each of them receives a stake of 10%
4. 50% of the activation fees will be allocated to Stake Holders
5. Currently there are about 300,000 addresses submited
6. If all the addresses are activated and assuming the activation fee is 0.05 ETH the total fees collected will be 300,000 x 0.05 ETH = 15000 ETH, the fees allocated to stake holders will be half of that, meaning 7500 ETH
7. So in this example each participant would get 10% of 7500 ETH = 750 ETH



Genesis Addresses Decentralized Trading Fees

For Example:

1. 10 People participate in the Stake Holder Program, in total they sent 10000 MNE
2. Each of them sent 1000 MNE
3. Meaning each of them contributed 10%
4. EDIT: 50% of the fees will be allocated to Stake Holders
5. Meaning each of them is entitled to 5% of the Genesis Addresses ETH trading fees
6. Assuming in the Genesis Address Trading platform there is a volume of fees of 20000 ETH, each of the contributors receives 1000 ETH.

MNE Decentralized Trading Fees

For Example:

1. 10 People participate in the Stake Holder Program, in total they sent 10000 MNE
2. Each of them sent 1000 MNE
3. Meaning each of them contributed 10%
4. EDIT: 50% of the fees will be allocated to Stake Holders
5. Each of them is entitled to 5% of the ETH trading fees
6. Assuming in Genesis Address Trading platform there is a volume of fees of 20000 ETH, each of the contributors receives 1000 ETH.

Stay tuned for more updates!

This will be more great, so user can ask for help to the platform which they find easier to use. I guess over time, the live chat will be crowded by people from other minereum groups. I feel the spirit of minereum V2 enlarged.

We created a live chat in the claim page for the community:

http://v2.minereum.com/chat

Hey Dev any plans with android app? Development is still on?

https://www.minereum.com/mining

Scroll down to the bottom of the page

here: https://www.minereum.com/howtouse

how to see the current available balance of mne 1 ?


EDIT : Thanks for your response.

We are thinking about solutions to prevent hyper inflation both in MNE in circulation and in the number of Genesis Addresses. One idea would be to introduce a small ETH fee in order to activate the Genesis Addresses, this would reduce the number of 'bad actors' in the ecosystem. That being said the Genesis Address claim would remain free but in order to spend the MNE or set the addresses for sale a small exchange of ETH would need to happen with an activate function (this could be done by the owner in any point in time in the future).

I hope you close it sometime today or there be way too many addresses

We will inform with some time in advance when we plan to end the submission phase.

What is important to understand is that Genesis Addresses that are not spent will have some benefits for the owners and also for the ecosystem:

- Only unspent Genesis Addresses will have the possibility to be placed for decentralized sale in on our future platform
- When Genesis Addresses are set for sale they become locked until there is a sale or until the owner decides to cancel the sale, meaning the circulating supply will be reduced. If the owner decides to cancel a sale the coins will be locked for an additional period of time.

Other features:
- Genesis Addresses can be destroyed in exchange for a small % of the balance, which we believe will reduce the number Genesis Addresses in circulation
- Self Mining Addresses will also be able to be created but they will have to have a balance of 32,000 MNE to be able to do so

Judging by the results of voting, claiming should end within 1-5 days. 76% of the votes chose this option (for now).

Yes, I really think the dev should consider stopping the submission soon or the coins won't be worth much to anyone unless...