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.
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.
I've never signed up for anything related to the Minereum project yet i received 32,000 MNE on my "genesis address". No idea why, but it seems fishy enough to me, not to mention that to move the tokens you have to pay them a fee to "upgrade" your address. It doesn't smell good.
actually the payment is to raise your wallet level, but I think the payment to raise the level is quite high at 0.30 ethereum for level 3, and even then you will not get all Minereum in your wallet, but Minereum will mine every dayThat's a huge money for a crap coin that has no even utility usage.
I've never signed up for anything related to the Minereum project yet i received 32,000 MNE on my "genesis address". No idea why, but it seems fishy enough to me, not to mention that to move the tokens you have to pay them a fee to "upgrade" your address. It doesn't smell good.
actually the payment is to raise your wallet level, but I think the payment to raise the level is quite high at 0.30 ethereum for level 3, and even then you will not get all Minereum in your wallet, but Minereum will mine every day
I can't agree more about this platform being a ponzi or HYIP. i thinks it's part of their plan to pump their token so high that the people they distributed the locked airdrop token for will be inclined to send them the requested money. Its just so sad that a lot of people will still fall for this cheap scam due to their high level greediness to really cash out to huge amount of money they distributed for airdrop
I've never signed up for anything related to the Minereum project yet i received 32,000 MNE on my "genesis address". No idea why, but it seems fishy enough to me, not to mention that to move the tokens you have to pay them a fee to "upgrade" your address. It doesn't smell good.
Is it not in Ponzi schemes that the creators will require one to upgrade their account from one level to another? and it's not free though, you have to pay for it. As for me, this is similar to a Ponzi scheme and hence extreme carefulness is required. Listing on exchange is not a new thing, because the team can still carry out their underlying plans. Also, another thing to bear in mind is that, many people will introduce Ponzi schemes all in the name of using blockchain to carryout their plans, we should be careful all the time.
And I say, there is no way to make these scammers pay, pay them with a virus or get the ETH from these thieves? and at the time of the airdrop I pointed out many wallets, now I have 32,000 MNE shits in each wallet
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
Hopefully they will think twice before upgrading of their so called genesis address.
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
According to the price of this token in the market. Each airdrop is worth about $ 500. And we need to pay about $ 60 to be able to receive all of these tokens in the wallet. If it goes smoothly then this is definitely a good profit, but I believe this is just a ponzi and it is trying to deceive greedy investors.
Maybe you doesn't read their upgrade rules properly. You can't receive any MNE or sell. You can just self mine MNE when you upgrade to lv2. But when you upgrade to lv3 you can transfer the self-minned tokens. Everyday a genesis address can mine 1.82 MNE of given 32K. So, it will take couple of years to collect those 500$ land mark. 
The way they wrote this is just trying to trick people. The grey font color doesn’t help either. Lol.
“Note that all Genesis Addresses have three limitations:
- They cannot receive any MNE
- They can only transfer the amount of MNE that was self-mined (Available Balance)
- Self-Mining only starts after Level 2 or Level 3 activation
Genesis Address Level 1
...
Genesis Address Level 2
...
Genesis Address Level 3
You CAN:
- Set your address for sale at the price you wish
- Transfer the Genesis Address to another address
- Self-mine (mining process only starts on Level 2 or Level 3 activation)
- Transfer MNE to another address
- Use the MNE Decentralized Trading
- Destroy your Genesis Address to buy/transfer stakes
You CANNOT:
- Receive MNE”
The level 1 is a crap and people can't mine their MNE. The developers were creating a rules to force the airdrop receivers to pay ethereum. This scheme is obviously a scam. Everyone must forget this and stay away. The first form of minereum was a big crap and the dev was aiming to scam people through this shitty airdrop. “Note that all Genesis Addresses have three limitations:
- They cannot receive any MNE
- They can only transfer the amount of MNE that was self-mined (Available Balance)
- Self-Mining only starts after Level 2 or Level 3 activation
Genesis Address Level 1
...
Genesis Address Level 2
...
Genesis Address Level 3
You CAN:
- Set your address for sale at the price you wish
- Transfer the Genesis Address to another address
- Self-mine (mining process only starts on Level 2 or Level 3 activation)
- Transfer MNE to another address
- Use the MNE Decentralized Trading
- Destroy your Genesis Address to buy/transfer stakes
You CANNOT:
- Receive MNE”
The conclusion is people will unable to get their coins without paid the fees first.
According to the price of this token in the market. Each airdrop is worth about $ 500. And we need to pay about $ 60 to be able to receive all of these tokens in the wallet. If it goes smoothly then this is definitely a good profit, but I believe this is just a ponzi and it is trying to deceive greedy investors.
First of, I am not a supporter of this project, yes, I did receive their tokens but I will not upgrade to any levels to get any of this as in livecoin, it is already given that they are trying to pump this, make a hype so that people will fall for their trap but don't you think that is the worth of having their token? If they are working for the project and if you got vision as they do, do you think that it can be worth it in years? I don't know, again, I am not a supporter of this. Maybe, people are saying this because they only want FREE COINS?
The way they wrote this is just trying to trick people. The grey font color doesn’t help either. Lol.
“Note that all Genesis Addresses have three limitations:
- They cannot receive any MNE
- They can only transfer the amount of MNE that was self-mined (Available Balance)
- Self-Mining only starts after Level 2 or Level 3 activation
Genesis Address Level 1
...
Genesis Address Level 2
...
Genesis Address Level 3
You CAN:
- Set your address for sale at the price you wish
- Transfer the Genesis Address to another address
- Self-mine (mining process only starts on Level 2 or Level 3 activation)
- Transfer MNE to another address
- Use the MNE Decentralized Trading
- Destroy your Genesis Address to buy/transfer stakes
You CANNOT:
- Receive MNE”
“Note that all Genesis Addresses have three limitations:
- They cannot receive any MNE
- They can only transfer the amount of MNE that was self-mined (Available Balance)
- Self-Mining only starts after Level 2 or Level 3 activation
Genesis Address Level 1
...
Genesis Address Level 2
...
Genesis Address Level 3
You CAN:
- Set your address for sale at the price you wish
- Transfer the Genesis Address to another address
- Self-mine (mining process only starts on Level 2 or Level 3 activation)
- Transfer MNE to another address
- Use the MNE Decentralized Trading
- Destroy your Genesis Address to buy/transfer stakes
You CANNOT:
- Receive MNE”
For the record though, 'free money coins' from KICK has done because they have lost everything after SEC sue them, so they think why not airdrop 888,888 KICK, it's worthless anyways. As compare to MNE right now, which is very obvious, pulling a scam here by giving supposedly $300, but to be able to unlock it, you need to deposit first, which is the classic Ponzi script scheme.
Still some people aren't as cautious that they need to be. I saw some people still upgraded their address to lv2 or even lv3. 
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.
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.
We've been through many challenges in crypto that involves many certain situations that had our finances at worst stages. Those failed promises brought everyone to learn from their mistakes, that's why we really need to be more cautious nowadays. If these people will have to trust those suspected ponzis, well it's their disgressions and no one will be blame but themselves.
I'm not surprised, when I came across the Airdrop, it was so suspicious because the team said Airdrop hunters can join with multiple ethereum address, If the project is legit they will never accept multiple accounts, it was a big plan all along
yep do agree with you. this is a big well-planned 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.
For the record though, 'free money coins' from KICK has done because they have lost everything after SEC sue them, so they think why not airdrop 888,888 KICK, it's worthless anyways. As compare to MNE right now, which is very obvious, pulling a scam here by giving supposedly $300, but to be able to unlock it, you need to deposit first, which is the classic Ponzi script scheme.
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.
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.
so if you upgrade your level the coins can now then be sellable ? lol thats strange and suspicious too at the same time. i think i have seen a simillar of it before but it was some kind of miner where also needs upgrade before you can withdraw but once people upgrade they prolly cant still withdrew .
op said it was an airdrop so they supposed to giveaway coins for free without having to require payment whatsoever.
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.
Exactly you are. I saw a person in telegram speaking all the time on their behalf to people for upgrading. It seems like he/she is their agent. These are red-headed scammer. 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.
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.
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.
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.
If that is the case then the project is definitely going to be a scam and the Team are just using MNE high price to bait it users. 32 MNE airdropped valued of whopping $400+ how come a starting project would give such a high rewards for number of participants.
I'm not surprised, when I came across the Airdrop, it was so suspicious because the team said Airdrop hunters can join with multiple ethereum address, If the project is legit they will never accept multiple accounts, it was a big plan all along
Exactly, I also think it was a preplan since 2017.
though their new design seems like a ponzi design which is to make the team and their stakeholders rich
Yes off course a little time can't judge any projects. But with these short time, what they introduced are solid ponzi. Can you figure out how much eth they will earn from this scheme 
It doesn't matter for them about token. In my opinion they are in thirst of ETH. Let's see what will happen in next. I will keep my eye on this project. And also Livecoin is not a good exchange at all. They also have acquisition for fake ICO.
I'm not surprised, when I came across the Airdrop, it was so suspicious because the team said Airdrop hunters can join with multiple ethereum address, If the project is legit they will never accept multiple accounts, it was a big plan all along
It is very early and difficult to judge Minerium project now, though their new design seems like a ponzi design which is to make the team and their stakeholders rich but there is a point that you need to have a skin in the game. They have done all the necessary thing they need to do and is trading on exchange. I just feel the team has so much credits now with the success of their first Airdrops which was very successful and they are still here as compare to many airdrops that they developers have dumped and gone
Thanks for creating this topic, it almost escaped my mind to make a topic about the project called Minereum on here, today I decide to use ether scan to check my eth address and I find a whopping 470$ worth of Minereum, I felt like 
, but after a while I find out that I need to upgrade my eth address to LV 2 or LV3 which will cost roughly 57$ worth of Eth, that's 0.3ETH and that's where I decide to leave the group and I dropped a message on the group that
All this have been a well planned scam right from the beginning
You probably got very happy that your token worth 400$ plus and won't make you think twice to upgrade your address which will cost you just 57$, hmmm, great trick Minereum team, a round of applause for you guys.
Whenever you see a Airdrop giving out too much quantities of tokens don't think twice, it doesn't make any sense, I noticed this right from day one before joining the Airdrop but since the claiming task is very easily I just give a try out.
When things are too easy please stay out, hope newbies learned from this
, but after a while I find out that I need to upgrade my eth address to LV 2 or LV3 which will cost roughly 57$ worth of Eth, that's 0.3ETH and that's where I decide to leave the group and I dropped a message on the group thatAll this have been a well planned scam right from the beginning
You probably got very happy that your token worth 400$ plus and won't make you think twice to upgrade your address which will cost you just 57$, hmmm, great trick Minereum team, a round of applause for you guys.
Whenever you see a Airdrop giving out too much quantities of tokens don't think twice, it doesn't make any sense, I noticed this right from day one before joining the Airdrop but since the claiming task is very easily I just give a try out.
When things are too easy please stay out, hope newbies learned from this
That what I'm also thinking, just give a try. But seems like they are too hungry for ETH. So also left their channel.
For this I'm listing Livecoin.net as a scam exchange to the list of p2pb2b and co, I hope people learn from this scam project, learn to only take and not give will safe you alot unless you are a greedy bastard, for online business greediness ruins you fast
Thanks for creating this topic, it almost escaped my mind to make a topic about the project called Minereum on here, today I decide to use ether scan to check my eth address and I find a whopping 470$ worth of Minereum, I felt like , but after a while I find out that I need to upgrade my eth address to LV 2 or LV3 which will cost roughly 57$ worth of Eth, that's 0.3ETH and that's where I decide to leave the group and I dropped a message on the group that
All this have been a well planned scam right from the beginning
You probably got very happy that your token worth 400$ plus and won't make you think twice to upgrade your address which will cost you just 57$, hmmm, great trick Minereum team, a round of applause for you guys.
Whenever you see a Airdrop giving out too much quantities of tokens don't think twice, it doesn't make any sense, I noticed this right from day one before joining the Airdrop but since the claiming task is very easily I just give a try out.
When things are too easy please stay out, hope newbies learned from this
, but after a while I find out that I need to upgrade my eth address to LV 2 or LV3 which will cost roughly 57$ worth of Eth, that's 0.3ETH and that's where I decide to leave the group and I dropped a message on the group thatAll this have been a well planned scam right from the beginning
You probably got very happy that your token worth 400$ plus and won't make you think twice to upgrade your address which will cost you just 57$, hmmm, great trick Minereum team, a round of applause for you guys.
Whenever you see a Airdrop giving out too much quantities of tokens don't think twice, it doesn't make any sense, I noticed this right from day one before joining the Airdrop but since the claiming task is very easily I just give a try out.
When things are too easy please stay out, hope newbies learned from this
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 ?
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