Minereum (MNE)

VanceM 13

rated:

VanceM posted on August 27, 2020 03:04:33

Minereum is a confusing coin. I am not sure how I got 32,000 coins sent to my Ethereum address, maybe I signed up for it. I really can't remember. However, one day 32,000 coins were airdropped in my wallet. The coins were locked and couldn't do anything with them. I did a little research on it. The 32,000 coins is a Genesis mining contract that you purchase on the Ethereum block chain. The Click here to see more... coins are not available right away, they are slowly released at a rate of 1.8 coins per day over the next 50 years if you pay the fee. This is how the developers insure a limited supply rather than traditional mining. . The concept is genius. The amount of Ethereum to purchase the Level 3 Genesis address wasn't a lot at the time. It was enough for me to want to roll the dice on it, and purchase another Genesis address on their website. The reason I am only giving it 4 stars is due to the limited amount of exchanges.. It is an ERC 20 coin so you can trade it on decentralized exchanges.. However, the pools have limited supply and there is a lot of slippage. At this time Livecoin is the only exchange they are on. I think Minereum gave a lot of the Genesis addresses to newbies that have no idea what they are doing or getting into when they signed up for the airdrop. The Telegram group is constantly bombarded with the same questions. If you go to minereum.com.. Everything you need to know is there. Overall, its a great project, and a good concept. I would like to see them succeed.