Quote from: brazilman37 on Today at 01:18:13 PM

Quote from: minereum on July 08, 2020, 11:41:46 PM

🔥🔥🔥 MNE STAKING IS NOW LIVE! UP TO 1000% REWARD 🔥🔥🔥
🔥🔥🔥 UP TO 60% REFERRER BONUS 🔥🔥🔥

Hi Everyone,

Minereum Staking is now live: https://www.minereum.com/v2/staking

Starting from today, you can claim your staking reward!

Note: if you use the Minereum V2 often make sure you clear cache in your browser to be able to load the page correctly

The initial reward starts at 1000%, that means if you send 10000 MNE for staking and you are the only one, you will get 10x on what you sent, in this case 100K MNE.

The Staking Reward will decrease 1% per day. To give time for the community to be part of the first round, we are extending the first day between now and July 12 23:59:59. After that the reward will decrease 1% per day as normal.

Here is a chart showing the Staking Reward decrease on a daily basis:

Referral Program

- Referred users will get 25% Bonus based on the amount they stake

- Referrers will get their bonus based on this:

Normal Addresses: 30% Referrer Bonus
Genesis Addresses Level 1: 30% Referrer Bonus
Genesis Addresses Level 2: 40% Referrer Bonus
Genesis Addresses Level 3: 50% Referrer Bonus
Fee Share Holders: 60% Referrer Bonus

How the Minereum Staking works

- Each Staking Period will last for 365 days (after the 365 period ends, a new one starts)

- Each day will have a total MNE Staking Reward assigned to it

- Each day the Reward will decrease by 1%

- At the end of each day the final amount of MNE sent by all the participants will determine how much each participant will get in relation to the percentage of what they sent for staking. The more MNE you send the more reward % you get.

For example:

Day 1
- Reward: 1000%
- 1 user participates with 1,000 MNE
- User will get the whole Reward of 1000%, means he will be entitled to claim 10,000 MNE

Day 2
- Reward: 990%
- 2 user participates with 10,000 MNE each
- Total Staking Pot: 20,000 MNE
- User 1 participated with 10,000 MNE, meaning he has 50% of the pot, meaning he gets 50% of the Reward = 495% = 49,500 MNE
- Same for User 2

Day 3
- Reward: 980%
- 100 users participate with 1,000 MNE each
- Total Staking Pot: 100,000 MNE
- Each user participated with 1,000 MNE, meaning each user has 1% of the pot, meaning each user gets 1% of the Reward = 9.8% = 1098 MNE

Notes:

- Genesis Addresses Level 3 can participate with their available balance
- The staking will last for 365 days and the staked coins can be claimed after that.

For example:

When a user participates on day 1, he will be able to claim his coins on day 365 + 1
When a user participates on day 2, he will be able to claim his coins on day 365 + 2
When a user participates on day 3, he will be able to claim his coins on day 365 + 3
etc.

Here is a list with the duration of each day and reward:

https://docs.google.com/spreadsheets/d/16CFTPj0tVsYbtSbZ776ZCT4XiDHY4B_QPPB-8pu7-8E/edit?usp=sharing

hi i think there is an error in the graph above. it shows "MAX STAKING REWARD % PER DAY" then the graph shows the starting 1000 percent.. now that is incorrect, it meant to read yearly apr percent right? cause 1000% per day is not sustainable.

It is correct, make sure you read and understand how it works. Everyday the reward decreases by 1% and it started at a max of 1000% on day 1