The first self-mining smart contract
(ARBITRUM Version)
All great cryptocurrencies have something in common: they have a great mining system. Minereum goes back to the basics and attempts to bring a new mining approach to the cryptocurrency space.
⚠️ NOTE: Minereum is an experimental Self-Mining Token, you can't transfer the whole balance at once. You have to upgrade to mine the tokens first and you can transfer your mined balance. Make sure you read and understand how the token works before doing any actions.
👉 RECEIVED 300,000 MNEAR? SEE YOUR OPTIONS HERE 👈👉 WEB3 PLATFORM FOR ARBITRUM 👈
The Future of Smart Contract Mining Starts Here
Minereum brings the First Self Mining Smart Contract to the Cryptocurency World
Mining Precision
No need for mining pools or mining equipment the mining is done by the code itself
GENESIS
Minereum was launched on the Arbitrum Network on the 5th November, 2022. Initially all the ARBITRUM airdrop participants received a Genesis Address Level 1, totalling 8,383 Genesis Addresses.
SUPPLY
Each Genesis Address was attributed 300,000 coins. As there were initially 8,383 Genesis Addresses on the Airdrop, the Total Initial Supply was set to 2,514,900,000 MNEAR. However, take into account that in the ARBITRUM version all addresses are Genesis Addresses Level 1 by default and more airdrop transfers will be triggered.
MINING
Whenever Genesis Address owners upgrade their addresses to Level 2 or Level 3, the mining process starts. The mining process will run for 489,510,489 ARBITRUM blocks with a reward of about 0.0006 MNEAR per block. The upgrade fees are distributed to the ARBITRUM Fee Share Holders.