What is Minereum Coin?
introduction
When Minereum Coin is a cryptocurrency which pursues a different approach in the context of mining. Here, the so-called smart contracts are used, which should establish the mining as a self-service. Here, the mining is performed on the basis of a mathematical formula, which generates 0.00032 minereum per Genesis address. With an address count of 4,268 and a block time of 15 seconds, around 7866.7776 tokens per day can be mined.
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Minereum Coin – how it works
The aforementioned Genesis addresses are the addresses to which tokens were distributed as part of the Initial Coin Offerings. In addition, to avoid a faster mining, no further Genesis addresses are created. In addition, the Genesis addresses are subject to certain guidelines. This includes the property that these addresses can not receive tokens. As soon as a transaction is executed on one of these addresses, it is automatically rejected by the blockchain . Nevertheless, a Genesis address can initiate transactions. Here, the scraped tokens are brought into circulation. However, only a maximum of the available token amount can be transferred.
The Genesis addresses were determined on 14 and 15 April 2017 through investments by potential investors. In doing so, this process was done publicly and within crypto forums so that eventually 4,268 Genesis addresses could be collected. After the addresses have been defined, each address has been assigned 32,000 tokens. This results in a maximum token amount of 136,576,000. Although the maximum token number is 136,576,000, this maximum can not be exhausted in 47 years at the earliest. This long-term growth can be achieved by limiting 0.00032 tokens per Genesis address. This results in long-term growth and stable inflation.
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Which roadmap do developers follow through the Minereum Coin?
At the beginning an idea of the cryptocurrency on the market should be made. Subsequently, new services will be presented. According to the developers, this involves the automatic creation of new tokens, the mining of Ethereum tokens through the minereum mining process, as well as other services that are basically geared towards the mining of new tokens. After the presentation of the services has taken place, an aggressive marketing is to be accelerated. This involves advertising on established crypto portals, Twitter campaigns and the translation of services into different languages.
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What is the current market capitalization of the Minereum Coin?
On May 14, 2017, the placement of the Minerium Coin takes place as part of an Initial Coin Offer. An issue price of $ 0.268416 was realized, resulting in an initial market capitalization of $ 68,711. Then a strong upward movement set in, so that on 16 June a high of $ 6.2 million could be noted. Subsequently, the currency consolidated to a level of $ 800,000. Subsequently, a new high was reached with a market capitalization of $ 6.65 million. Subsequently, a renewed consolidation began, which this time found resistance at a level of $ 600,000. Since then, there has been renewed growth, with the current market capitalization of $ 2.1 million. In addition, the current price per token is $ 1.14. In daily trading, a volume of $ 52,000 can be realized. Here, the trade between Minereum and Bitcoin the most important role.
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