Quote from: B1tc01n$ on June 22, 2017, 03:19:57 AM

Quote from: luka27 on June 22, 2017, 02:45:04 AM

Quote from: B1tc01n$ on June 22, 2017, 02:36:05 AM

Can someone please tell me, if this is self mining, how do we get these coins? I don't get it... Certainly it doesn't self mine and self sell on the exchange?! How'd people get these from the get go Huh

Quote

After the Genesis phase ended, each Genesis address was attributed 32,000 coins and since there are only 4,268 addresses, the total number of coins (Minereum) were set to 136,576,000.
This number of coins are the maximum number of Minereum coins that will ever be created, however, since the self-mining contract only allows for each Genesis address to mine 0.00032 Minereum (MNE) per Ethereum block, the total supply will only be reached in 47 years.
Cointelegraph has learned from the Minereum team that, at the moment, the supply of Minereum is around 500,000. In an emailed communication, a Minereum representative commented about the inflation rate of the currency. As a comparison example, Ethereum generates 5 ETH per block. Minereum in total generates 1.36576 MNE per block (0.00032 MNE * 4268 Genesis addresses), so Minereum has an inflation rate 72 percent lower than Ethereum. The currency is currently trading on livecoin.net under the symbol MNE.

Stole from the article on the first page. You will get much more info if you check first page. Basically genesis address holders get 1.36 MNE per day and they can sell on exchange if they want.

One silly question, if all hell breaks loose with Ethereum, how much would that affect Minereum since it is based on Ethereum?

Right, I get that. But what I don't get is who owns these genesis addresses? If this coin isn't made fair for all to get into and only certain people maintain the majority of the coins, nobody will ever want in.

Lucky people that got into airdrop at the time. So basically not you and me

32.000 MNE that genesis addresses have are locked for 47 years anyway, they cant sell MNE, other then the daily generated ones. Your way of getting in is buying on exchanges.

This coin is more fair distributed than many much more established coins.

I really hope that we get some exchange news soon. Silence from the dev means either there is no progress or it will happen soon in my opinion and he will just surprise us.