INTRODUCING STAKING

Hi Everyone,

We would like to introduce a new feature we are working on: Staking.

Staking will give the possibility for users to lock their MNE in exchange of an exchange rate 1 year in the future.

Note: Do not confuse Staking with Stake Holders. To know what Stake Holders are check here: https://www.minereum.com/howto#stakeholders

HOW IT WORKS

There will be a pot of interest rate to be given, for example 1000%.

The more users stake their coins, the lower the interest rate is.

The less users stake their coins, the more the interest rate is.

For example:

Example 1

- Assuming only 1 user stakes their coins for the whole year
- This user puts 10,000 MNE for staking
- After 1 year gets the whole staking pot of 1000%, meaning he reaceives 100,000 MNE

Example 2

- Assuming only 2 users stake their coins for the whole year
- Both users put 10,000 MNE for staking
- After 1 year each user gets 500% interest rate, meaning each user receives 50,000 MNE

Note: This feature only applies to Normal Addresses, Genesis Addresses cannot participate in the Staking process. However Genesis Addresses can transfer their Available Balance to a Normal Address and put those coins for staking from there.

Stay tuned for more updates!