Please confirm if its possible. Can i submit the same address for the Stake Holder program that was submitted for the genesis addresses?
A prompt respond will be highly appreciated.
STAKE HOLDER PROGRAMNote: Anyone can participate in the stake holder program, simply send MNE to the eth address below - if you dont own MNE you can acquire it on
livecoin.net (MNE/BTC) or
livecoin.net (MNE/ETH).
Stake holder program address: 0xcd7156c91a26625f397f143c2c618ec1cb1e6c98
WARNING: Only send MNE from addresses you have control. DO NOT send from exchanges, you will lose your coins and stake.
What is the Stake Holder Program?In minereum v2 there will be a range of fees in its processes, they are:
- Genesis Addresses Activation Fees
- Genesis Addresses Decentralized Trading Fees
- MNE Decentralized Trading Fees
All these fees will be distributed to the Stake Holders based on the % they own.
The final % for each Stake Holder will be calculated when the program ends. Note that all the MNE sent to the Stake Holder Program address will be burned and will not be transferred to minereum V2.
The Stake Holder participation will be active until minereum V2 is launched, after minereum v2 is launched it won't be possible to participate anymore. However there will be a decentralized trading platform for Stakes, users will be able to buy and sell %s of the stakes.
How it works - Fees exampleGenesis Addresses Activation FeesFor Example:
1. 10 People participate in the Stake Holder Program, in total they sent 10000 MNE
2. Each of them sent 1000 MNE
3. Meaning each of them receives a stake of 10%
4. 50% of the activation fees will be allocated to Stake Holders
5. Currently there are about 300,000 addresses submited
6. If 10% of them are activated that's 30,000 activations
7. Assuming the activation fee is 0.05 ETH the total fees collected will be 30,000 x 0.05 ETH = 1500 ETH, the fees allocated to stake holders will be half of that, meaning 750 ETH
8. So in this example each participant would get 10% of 750 ETH = 75 ETH
Genesis Addresses Decentralized Trading FeesFor Example:
1. 10 People participate in the Stake Holder Program, in total they sent 10000 MNE
2. Each of them sent 1000 MNE
3. Meaning each of them contributed 10%
4. Each of them is entitled to 10% of the Genesis Addresses ETH trading fees
5. Assuming in Genesis Address Trading platform there is a volume of fees of 10000 ETH, each of the contributors receives 1000 ETH.
MNE Decentralized Trading FeesFor Example:
1. 10 People participate in the Stake Holder Program, in total they sent 10000 MNE
2. Each of them sent 1000 MNE
3. Meaning each of them contributed 10%
4. Each of them is entitled to 10% of the ETH trading fees
5. Assuming in Genesis Address Trading platform there is a volume of fees of 10000 ETH, each of the contributors receives 1000 ETH.
Stay tuned for more updates!