Ive heard about this minereum and they have some free tokens as well. But if upgrading for more chances of earning? I will think about that cause its really sound like another ponzi scheme.
I dont know if people will trust the level of this project but just be aware of the risk on such promises. From what I heard those 32k tokens are just like kickico tokens that cant be sell so techinically its just another marketing that you need to upgrade for withdrawal not going to fall foe that trick.
Topic: Minereum- Another Ponzi Scheme ? - page 3. (Read 734 times)
The OP has bailed a lot of people and has saved them from falling victim of this scam project.
This is nothing but a pure scam.
It will take couple of decades to fully unlock the airdropped token after upgrading to lv3. So this is surely a pre-planned scam. This is nothing but a pure scam.
You post OP, and is an eye-opener and will help those who received it to stay clear of the scam project.
Thanks man. Hopefully people will see the post before thinking of upgrade.
The OP has bailed a lot of people and has saved them from falling victim of this scam project.
This is nothing but a pure scam.
I was told that some people received the token and at a point, I was so furious with myself that I missed it, but later, I got over it and see it as one of those inevitable things. Later one of them tried to send it to the exchnage but failed with several attempts.
You post OP, and is an eye-opener and will help those who received it to stay clear of the scam project.
How will someone ask for such amount of ETH, if it is not truly a Ponzi scheme...
And now someone has tried and failed to get his token to exchange. This is a clear indication that the project is a fake and organized scam. I hope people will see the post and not fall a victim of the project This is nothing but a pure scam.
I was told that some people received the token and at a point, I was so furious with myself that I missed it, but later, I got over it and see it as one of those inevitable things. Later one of them tried to send it to the exchnage but failed with several attempts.
You post OP, and is an eye-opener and will help those who received it to stay clear of the scam project.
How will someone ask for such amount of ETH, if it is not truly a Ponzi scheme...
Thanks for this pieces of information I actually received this token in two of my Ethereum wallet but when I tried to transfer them to live Coin exchange find out that the wall was on maintenance, but from what am seeing here it means I have to upgrade and start mining first before I can even think of selling lol
Yes exactly, before start mining you must've upgrade your genesis address. The minned tokens can be sold afterward, not the initial given 32K MNE. They developed a well earning token, but it works only for developers, at first they distribute "free" tokens, but if you would like to use them / take profit, you need to pay, quietly smart idea how to attract people to buy your useless token. 
Basically you can't sell your initial 32000 MNE airdropped token whether you upgrade to lv3 or not. After upgrading to lv3 your Genesis address can start mining. These minned tokens can be sold afterward.
The OP has bailed a lot of people and has saved them from falling victim of this scam project.
This is nothing but a pure scam.
I was told that some people received the token and at a point, I was so furious with myself that I missed it, but later, I got over it and see it as one of those inevitable things. Later one of them tried to send it to the exchnage but failed with several attempts.
You post OP, and is an eye-opener and will help those who received it to stay clear of the scam project.
How will someone ask for such amount of ETH, if it is not truly a Ponzi scheme...
This is nothing but a pure scam.
I was told that some people received the token and at a point, I was so furious with myself that I missed it, but later, I got over it and see it as one of those inevitable things. Later one of them tried to send it to the exchnage but failed with several attempts.
You post OP, and is an eye-opener and will help those who received it to stay clear of the scam project.
How will someone ask for such amount of ETH, if it is not truly a Ponzi scheme...
Thanks for this pieces of information I actually received this token in two of my Ethereum wallet but when I tried to transfer them to live Coin exchange find out that the wall was on maintenance, but from what am seeing here it means I have to upgrade and start mining first before I can even think of selling lol
You're right. after you have you unlocked your wallet and you need 30 years to get all of your airdrop tokens which is not a recommended thing to participate in this scam airdrop. The developer was only aiming to get a lot of ethereum as much as they can from the participants or people who paid to unlock this crap token 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 ?
If you have to pay to upgrade your level then definitely this is a Ponzi scam to me. You can also check this old post here: https://medium.com/@Dave_Appleton/is-this-a-phishing-scam-119e68ce2f40
So yes, very suspicious and shady move so I would advise everyone to be very very careful as this might blow in the next coming months.
Thanks for this pieces of information I actually received this token in two of my Ethereum wallet but when I tried to transfer them to live Coin exchange find out that the wall was on maintenance, but from what am seeing here it means I have to upgrade and start mining first before I can even think of selling lol
They developed a well earning token, but it works only for developers, at first they distribute "free" tokens, but if you would like to use them / take profit, you need to pay, quietly smart idea how to attract people to buy your useless token.
I also received tokens in my wallet. I don’t even remember about this airdrop and when it was made. Indeed, it is like a false move. Initially, everything looked very suspicious.
This is not a Ponzi scheme, when they do not use one person's money to pay the other, they use the token they create. You will have to pay ETH to receive a worthless token that can only be traded on a bad exchange
It's all same to ponzi scheme. Unlike regular ponzi scheme they used some tricky scheme which relates ponzi. There's no development since 2017 when the first version of minereum launched. So, it is no other than a scam.
Livecoin exchange and Yobit are infamous in listing ponzi coins. They have a number of unknown coins that only exist in the exchange. Some of them doesn't even have a blockchain or explorer and are tradeable only on the exchange and not withdrawable.
And any investment promising a 2%+ fixed monthly return would certainly be a ponzi.
And any investment promising a 2%+ fixed monthly return would certainly be a ponzi.
You can't use them per se, In order to do that you would have to upgrade to a level 3 address by paying a fee then you would self-mine 1,84 MNE per day the process would take 48 years to mine all 32000 coins. so pretty much useless.
Well i have used livecoin in the past and it's an old exchange. So not sure why they listed this project.
For this I'm listing Livecoin.net as a scam exchange to the list of p2pb2b and co, I hope people learn from this scam project, learn to only take and not give will safe you alot unless you are a greedy bastard, for online business greediness ruins you fast
Well i have used livecoin in the past and it's an old exchange. So not sure why they listed this project.
This is not a Ponzi scheme, when they do not use one person's money to pay the other, they use the token they create. You will have to pay ETH to receive a worthless token that can only be traded on a bad exchange
lol that's the same as a ponzi when the developer is using a scheme to fool the receiver. To open this crap coin and the users must have paid some amount of ethereums and that sucks. The developer or i can say scammer is always deleting any bad comment on its announcement thread. This is a scam. 
It was an obvious scam from the moment they said they're giving almost $300 for free per address. Anyone who thought this was real is a bit silly! I wish this was real, but come on, in less than 30 minutes I can supposedly claim a free $30k.. 
Look at the history of these "free money coins": KICK, MNE etc. They're all going for the same technique. The saddest part is that many fall for the scam. People play their game without even looking at the first Minereum airdrop to see they had absolutely no development.
If it seems too good to be true, it most likely is.
Look at the history of these "free money coins": KICK, MNE etc. They're all going for the same technique. The saddest part is that many fall for the scam. People play their game without even looking at the first Minereum airdrop to see they had absolutely no development.
If it seems too good to be true, it most likely is.
I am just wondering if no one on their telegram group have really testifying to getting his/her money after paying the fee to upgrade or has anyone also complain of not getting access to his/her balance after paying the upgrading fee. If no one, I guess everyone is afraid to take the risk making it difficult to conclude that the project is a scam. We need people to testify that they are being scammed and if we see anyone, Livecoin too should be tag as an exchange that support scam project just like DOBI and co
I don't know, I don't really understand this token, but it seems like it can be said that ponzi can be, because a lot of people who use multi-wallet easily to get lots of tokens, and this token is only listing on livecoin and as you know the exchange has volume problems and if it's a good project they shouldn't have listed to this exchange.
This is not a Ponzi scheme, when they do not use one person's money to pay the other, they use the token they create. You will have to pay ETH to receive a worthless token that can only be traded on a bad exchange
When I saw this project in the very first place I knew something was going to get shady along the line. I'm glad it did not take long to see them pulling this old trick of ponzy schemes. I think it's high time people really learn more about project before investing and stop falling for shouts of moon in the upcoming days. Let's always try and do our best to do a good background search about any coin before we decide to invest in.
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