Topic: Minereum- Another Ponzi Scheme ? (Read 709 times)
Thanks to sharing this very informative information about Minereum, yesterday I saw I MEW wallet where 32000 Minereum he arrived then I search for exchange as the price was so high shown in MEW wallet about $7000USD. So they will probably scam after some time.
For me, Minereum looks like a scam project - they have airdropped their tokens to thousands of wallets, but the tokens are locked until you pay some ETH. Even after that, it takes years until the full unlock.
Someone owned more than 6k minereum genesis address v2 and that means there was a lot of wallets and it must be more than 10k even some people said they have already paid some ethereum to increase the level of their wallets and they can't use the features that already available when the wallet reached the level 3. 
based on ath $14 and the current price I think this ponzi and also the orderbook in livecoin are played by bots and currently the market is experiencing good conditions the price is actually getting dumped so I think this project is very prone to ponzi
Both Minereum and Livecoin are scams.
The amount of scam accusations against Livecoin is truly staggering, while Minereum sounds exactly like a Ponzi scheme, just built on blockchain.
Only the very earliest members will benefit, while the founders and designers will rack in the vast majority of any input funds.
Reminds me of the BS KickToken scam that I saw recently, where they frozen dropped 888,888 KICK tokens to ether addresses and pumped up the price, then dumped it all over everyone.
If it sounds dodgy, just avoid it.
The amount of scam accusations against Livecoin is truly staggering, while Minereum sounds exactly like a Ponzi scheme, just built on blockchain.
Only the very earliest members will benefit, while the founders and designers will rack in the vast majority of any input funds.
Reminds me of the BS KickToken scam that I saw recently, where they frozen dropped 888,888 KICK tokens to ether addresses and pumped up the price, then dumped it all over everyone.
If it sounds dodgy, just avoid it.
You probably know about Minereum Genesis Address. They recently upgraded their platform from V1 to V2. You can find their V2 launching details here : https://bitcointalksearch.org/topic/ann-minereum-minereum-is-launched-on-eth-bsc-and-polygon-4495159
Now come to the point, I haven't fully understand their system and it works. They had launched a airdrop where 32000MNE were given to each genesis address. These genesis addresses are in lv1. They have three step genesis level. To upgrade from lv1 to lv3 anyone have to pay 0.3ETH + Network Fee. If you think you can use those 32000MNE after upgrading to lv3, heil No. You can't sell them to exchange (The only exchange that list MNE is Livecoin). After Upgrading your wallet could mine MNE which can be transferred to exchange and sell. Find more information about genesis level here : minereum.com/v2
Now they have introduced a lucky draw system. This lucky system requires to purchase a ticket+MNE as gas fee. Find the thread here : https://bitcointalksearch.org/topic/m.54249637
So, it seems like they're in thirst of ETH. Is it an another ponzi scheme ?
Now come to the point, I haven't fully understand their system and it works. They had launched a airdrop where 32000MNE were given to each genesis address. These genesis addresses are in lv1. They have three step genesis level. To upgrade from lv1 to lv3 anyone have to pay 0.3ETH + Network Fee. If you think you can use those 32000MNE after upgrading to lv3, heil No. You can't sell them to exchange (The only exchange that list MNE is Livecoin). After Upgrading your wallet could mine MNE which can be transferred to exchange and sell. Find more information about genesis level here : minereum.com/v2
Now they have introduced a lucky draw system. This lucky system requires to purchase a ticket+MNE as gas fee. Find the thread here : https://bitcointalksearch.org/topic/m.54249637
So, it seems like they're in thirst of ETH. Is it an another ponzi scheme ?
Your explanation tells one obvious thing which is minereum is trying to rip off which is a topical feature of ponzi scheme. Let's even assume the project is guenuine with lots of potentials to succeed, this send 0.3eth of a thing condemns what ever product and solutions they plane to develop. 0.3eth is way valuable to be been spent on things that ain't sure of proper return
If we see from your explanation minereum is a Ponzi that uses a surefire strategy, and all are well planned and we do not easily be tempted with the bonuses they provide and we must issue ETH to get all of that, maybe if we are too lusting will be stuck with their offer then we should be careful.
For me, Minereum looks like a scam project - they have airdropped their tokens to thousands of wallets, but the tokens are locked until you pay some ETH. Even after that, it takes years until the full unlock.
These are the little details noone agrees with. Only dishonest scams will not be clear about how things work. When they ask for money in order to "unlock" something or another thats when you know beyond a doubt that it is a scam. You must pay and there is a massive unlock period? These little details make it hard to trust them and just makes things more confusing and is unnecessary.
This is a new shady scheme. So many people have also talked about this.
For me, Minereum looks like a scam project - they have airdropped their tokens to thousands of wallets, but the tokens are locked until you pay some ETH. Even after that, it takes years until the full unlock.
These are the little details noone agrees with. Only dishonest scams will not be clear about how things work. When they ask for money in order to "unlock" something or another thats when you know beyond a doubt that it is a scam. You must pay and there is a massive unlock period? These little details make it hard to trust them and just makes things more confusing and is unnecessary.
For me, Minereum looks like a scam project - they have airdropped their tokens to thousands of wallets, but the tokens are locked until you pay some ETH. Even after that, it takes years until the full unlock.
I feel that the minereum project is a shady project, I see 32,000 MNE is almost equal to $ 6,550 and this is the first time I see an airdrop token that has a very high sales value. and it looks like this project is a fraud, I don't think this project is really real.
Im getting confused with the name of the project whether it is Minereum or Minerium.
If the airdrop tokens cannot be sold on exchanges, then it is clearly useless.
More than that, you have to pay some money to upgrade your token and be able to sell it, very bad.
The project is called Minereum itself. It's a shitcoin. Don't fall on its trap. You can't either sell your token in exchanges whether you upgraded it to Lv2 or Lv3. After upgrading, your address will be able to self mine. If I'm not wrong the address can mine 1.82 MNE per day. That means it can take couple of years to collect the amount equal to the amount of airdropped token. If you see in coinmarketcap or coingecko, you can see for the last couple of weeks they have trade volume below $100. It proves that it's a shitcoin. If the airdrop tokens cannot be sold on exchanges, then it is clearly useless.
More than that, you have to pay some money to upgrade your token and be able to sell it, very bad.
About minerium , l can not participate yet.but we should be aware & hopeful for this. If l was participated in past.then l decisions to stand this exchange long time.
Im getting confused with the name of the project whether it is Minereum or Minerium.
If the airdrop tokens cannot be sold on exchanges, then it is clearly useless.
More than that, you have to pay some money to upgrade your token and be able to sell it, very bad.
The project is called Minereum itself. It's a shitcoin. Don't fall on its trap. You can't either sell your token in exchanges whether you upgraded it to Lv2 or Lv3. After upgrading, your address will be able to self mine. If I'm not wrong the address can mine 1.82 MNE per day. That means it can take couple of years to collect the amount equal to the amount of airdropped token. If you see in coinmarketcap or coingecko, you can see for the last couple of weeks they have trade volume below $100. It proves that it's a shitcoin. If the airdrop tokens cannot be sold on exchanges, then it is clearly useless.
More than that, you have to pay some money to upgrade your token and be able to sell it, very bad.
I don't like the style of Minereum coin, it's more like a very shady business and those who got hooked will definitely get scammed in the end, I smell red flag here, good luck to all those who failed to see things like I don't
For me a mechanism that has already used by minereum looks like a trap. I remember some people are still complaining even they have already verified in the level 3 but they can't even send their tokens. This is a shady business and that has already proven by some people.
Im getting confused with the name of the project whether it is Minereum or Minerium.
If the airdrop tokens cannot be sold on exchanges, then it is clearly useless.
More than that, you have to pay some money to upgrade your token and be able to sell it, very bad.
If the airdrop tokens cannot be sold on exchanges, then it is clearly useless.
More than that, you have to pay some money to upgrade your token and be able to sell it, very bad.
I see the dev is trying to revive that dead coin again but don't fall for it. It doesn't bring anything unique to the table at all. It is dead and it should stay dead. I still wouldn't call it a ponzi though. Just another shitcoin.
They had a good run during the ICO-Shitcoin mania but so did everyone else.
They had a good run during the ICO-Shitcoin mania but so did everyone else.
This tokens worth a high sum in wallets but can't be traded or is there anything I'm missing out on as regards the token. Every strategy so far by the dev is somewhat ponzi minded I don't see why wallets upgrade should be paid for to use the tokens.
It's looks like sweet but inside it's a stone which will destroy your assets. So better stay away from them
You guys need to ignore the high sum that your wallets are showing you, the more you look the more it become more attractive to you, this can wake up your greed mode 
and fell into the trap, stay away from Minereum
and fell into the trap, stay away from Minereum
This tokens worth a high sum in wallets but can't be traded or is there anything I'm missing out on as regards the token. Every strategy so far by the dev is somewhat ponzi minded I don't see why wallets upgrade should be paid for to use the tokens.
that's a lot of money. The developer of minereum is smart enough by use this method, as far as I know more than 20k addresses have already registered on the genesis 2. That means if some of them paid 0.3 and the dev will actually get million dollars from here or at least a few hundreds thousand dollars.
That's a huge money for a crap coin that has no even utility usage.
Not only 20k address, but more than 1 million address are registered on genesis v2. but only few address that already upgraded to level 2 and 3 (less than 1k address). yeah, but still! in this case, the one who take benefit in this program is the dev and stake holders. all the fee paid on the platform (upgrade address, trading fee, etc) is going to 50% to dev and 50% to stake holder. just check yourelf on the platform, there is already 120 eth collected and i'm sure the number will be increase. That's a huge money for a crap coin that has no even utility usage.
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