when ico done would mne become worthlessly?
No, not at all. Minereum will have its dedicated Dev team to continue working on the roadmap. After the ICO there will be a very low supply of MNE with ongoing development so it remains interesting to keep MNE in your wallet for future benefits |
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it's a great opportunity for everybody. We can buy more MNE for ART. thanks for the red tide. Great timing for ARTEMINE.
But reckon that by midnight maybe 25% of the supply is already exchanged for ART so the supply available on the market is much lower hence the price will fly Why would people buy Minereum right now, other than to invest in Arte? As soon as the mne devs advertise a more concrete roadmap for minereum, the price will go back up. The supply drop doesn't raise prices if the demand drops as well Why would people buy into an ICO anyway is what you are asking. People buy into ICO's as they expect a cheap entry and a solid ROI when the program goes live. ART is quite unique since MNE already proofed the concept so ART will continue on this path. MNE is needed to buy into this so that why people will buy MNE Supply drop means those coins are not on any exchange so not offered for sale. The next 24h and after people will learn about the ICO and demand increase where supply decreases so theoratical the price goes up. I agree that in an isolated environment it should work like this but with BTC heavily under pressure peoples focus are elsewhere at the moment but in crypto things can change rapidly |
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it's a great opportunity for everybody. We can buy more MNE for ART. thanks for the red tide. Great timing for ARTEMINE.
But reckon that by midnight maybe 25% of the supply is already exchanged for ART so the supply available on the market is much lower hence the price will fly |
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wow, i see there less than for 1 hour collected 122k MNE and 9 eth!
is great result almoust 15% of all MNE tokens, but price for MNE is still super low:/
Unbelievable! The early bird deal runs until the 15th 11:59 UTC so there is more than 24h to go to get the 1000 ART for 10 MNE. I am sure that the exchange rate will rapidly increase since the supply is running out so quickly. |
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i thought that today price of MNE will be 10+ usd, but we see that its about 3 usd:/
till ico left few hours, hope there will be some activity and price will be x2 from current
The whole crypto markets are into huge pressure of selling around the world this is not fault of MNE why price is down at the moment. When this rally will get started than we have chance to get recover and it will get around $8 I also watching the activity of this market. What you don't understand is that we know nothing about the project we're investing in. THe ICO is literally in a few hours, yet most of the questions asked by the community have not been answered. What happens to the genesis mining when Eth goes from proof of work to proof of stake? How do they plan on completing their roadmap for both MNe and Art? are you still going to invest? Do you think its a scam? The developers refusal to answer questions infuriates me. Yet I am still investing. Partially because I think its a better chance to make money than letting my MNE just die off a slow painful death to nothing, and partially because the developer has actually done everything he has said he was going to do, and hit all the target dates. I am gonna invest, yes, and i don't think it's a scam. But as an investor it's my right to be angry when i see other coins get listed on bittrex, binance and polo so quickly, yet MNE only has shit exchanges. Why would ART be different? I invest because I think it's possible that they hire someone qualified who actually knows how to market a product ICO starts in 1:30 minutes! It starts in 40 minutes and we haven't heard from the devs in days... Yay... Check the ART thread pls. This is an ART ICO not an MNE ICO so why should Dev post here?? I don't understand the complaining about some tech details about ART, most ICO's don't even have tech and still attract a lot of attention. I hope people can do the math and I hope this ICO will be a successful fundraising for Dev since airdropped coins have some limitations in terms of funding for exchanges, marketing and PR. That does not take anything away from the merits of MNE since this remains a unique proposition and development will continue as promised in the roadmap. No way MNE will fade out, it will continue as strong as always with a very much reduced supply (like in the old days :-)) I truly hope MNE will recover some ground since the current trend is more due to whats happening with BTC and ETH. In a couple of minutes the ICO goes live and there is a 24h timeframe to hop on board for the early birds |
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i thought that today price of MNE will be 10+ usd, but we see that its about 3 usd:/
till ico left few hours, hope there will be some activity and price will be x2 from current
The whole crypto markets are into huge pressure of selling around the world this is not fault of MNE why price is down at the moment. When this rally will get started than we have chance to get recover and it will get around $8 I also watching the activity of this market. What you don't understand is that we know nothing about the project we're investing in. THe ICO is literally in a few hours, yet most of the questions asked by the community have not been answered. What happens to the genesis mining when Eth goes from proof of work to proof of stake? How do they plan on completing their roadmap for both MNe and Art? are you still going to invest? Do you think its a scam? The developers refusal to answer questions infuriates me. Yet I am still investing. Partially because I think its a better chance to make money than letting my MNE just die off a slow painful death to nothing, and partially because the developer has actually done everything he has said he was going to do, and hit all the target dates. I am gonna invest, yes, and i don't think it's a scam. But as an investor it's my right to be angry when i see other coins get listed on bittrex, binance and polo so quickly, yet MNE only has shit exchanges. Why would ART be different? I invest because I think it's possible that they hire someone qualified who actually knows how to market a product ICO starts in 1:30 minutes! |
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I'm going to send half of all my MNE, the dev team is going to burn all the MNE sent to the ARTEMINE ICO. MNE supply will be lower and price should reflect the lower supply. Win/Win situation.
The time comes when i will be selling the MNE that i have. Been waiting for this for a long time now. Hopefully i will reach the perceived value we have for it. Despite that I thought this would be a great incentive for the value of MNE it appears to work the other way around. Apparently there is not much appetite for obtaining MNE and get onboard of ART which is a shame. A lot of people were expecting > $10 rates but it looks more like $2 when the ICO starts Any thought? |
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ARTE ICO will begin in 7 hours and MNE price is not jumping... it is falling down...
And now, there is a lot of sell orders , and a lot are big, very big : many are over 100 MNE and even one at 500 MNE.
Who are selling in such quantities for a so low price ? Why ?
Prices are being pushed down so that the whales get more crowded. May be people with multiple genesis accounts were waiting for this moment to make qick money and get out. Have patience, the ICO hasn't started yet. |
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Quite in the dark the Minereum team has developed it's improved smart contract and made it available for Genesis purchase through an ICO.
Check it out, it goes live today at 17:00 UTC and it's a bargain using MNE iso ETH for now.
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There is something in development called Elixer ( https://bitcointalk.org/index.php?topic=2144082.0) that will facilitate loan - lender contracts in the future. Unless it's captured in a smart contract no one will offer money through Western Union or Paypal in exchange for a promise to pay it back eventually, in due time, whenever or not at all. |
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Is there a way to verify that the MNE from the Token Creation Service has been burned?
Same question for the MNEs from the ICO - do I just have to believe that the tokens from the ICO will be burned or can I verify it?
Easiest way to verify this is that the total supply is reducing after the burning (after ICO at least) Otherwise call out to dev to reconfirm the burning and request proof to this if you are suspicious about the process. |
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ARTE ICO will begin in 7 hours and MNE price is not jumping... it is falling down...
And now, there is a lot of sell orders , and a lot are big, very big : many are over 100 MNE and even one at 500 MNE.
Who are selling in such quantities for a so low price ? Why ?
Prices are being pushed down so that the whales get more crowded. The concept of this ICO is quite unique since its the first time you can use an Alt for it. Basically people are quite anxious to see how this will work out, some will stress out and have weak hands while others take the risk and hold until the ICO is live. No one knows how this will work out but rest assure that there will be some activity as of tomorrow around MNE and ART. IMHO it makes sense to acquire a lot of MNE to exchange for ART since there is not a lot of risk (even with MNE trading above $10) since there will be an option to trade in your acquired Genesis account and get some decent money back for it. Basically ART is an more advanced version of MNE and will have it's own functionalities like the ICO creation lab and Genesis exchange so you are not trading in for something w/o any purpose. Remember that most ICO raised ventures still need to proof themselves w/o much benchmark. ART can be benchmarked against MNE and the tech works! So why not invest in something that already has a successful track record rather then put your money into something that looks good on paper but could fail easily if they can't get their tech working. Other ICO's only except ETH or BTC and the risk is much higher in terms of RIO. Getting large amounts of MNE will guarantee a good deal for ART but with the declining supply the chances for a decent price will reduce when time passes in the ICO phase. I hope people understand that there is a sense of urgency to acquire now since the price will gradually increase when the weak hands are relieved from their burden :-) |
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Hi Everyone,
The ICO is now planned to start on September 14, 5pm UTC Time.
More details soon, stay tuned!
I really do not want to FUD, but who the hell is going to hear about this unique chance in 3-4 days without any valuable marketing? It is fine that you are awesome with the technics and smartcontracts, but nobody knows about it. I think it is gonna be an unsuccessful ICO, MNE will stand into the ground  I can agree to this that it might be an unsuccessful ICO because of the poor marketing, but MNE will not hit the gorund, for me it will grow, it really depends, on the upcoming days on what will happen, just take a closer look. We are also working on Marketing, it will start rolling in the up coming days, before the ICO. Can you elaborate a bit more on how the actual campaign looks like? |
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Well, it's about time now don't you think? Highly anticipated now, let the marketing machine running! |
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Crypto is now on $5.50 and trading much higher at the moment than Livecoin.
It seems that it is catching up fast now as ICO goes live tomorrow.
This morning I saw $3.50 and I am afraid I missed out on a very good deal :-(
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Another question. One last thing that is yet to determine IMO.
Let's assume I invest 230 MNE in an ARTE genesis address that will mine its 23000 coins for 63 years.
If we do the math : 365*63 => 22995 so I can expect to get at least ~1 ARTE per day for the 63 coming years.
Is this correct?
On average it should work like that but as said before mining will slow down over time so expect a bigger inflation at the start and less inflation at the end of the 63 years period (so take notice of this in your will :-)) Issue is more the value of ART since the total supply depends on the success of the ICO (uncapped). MNE has a current supply < 1 mio and retails below 4 USD. If art is valued on a couple of cts then it could take a while to offset your investment, even when purchased in MNE. IMO this ICO could work if it generates enough liquidity to get it circulated broadly (listed at many exchanges). Saw a comment on Hitbc earlier but be honest, what kind of trading takes place here on MNE? If you want to sell 1000 MNE here it takes ages to get your order filled. |
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I'm just going to wait for ARTE to rise in value as the hypothetical supply is not supposed to be as important as the MNE one.
Can anybody make an assumption on how big the supply would be?
My guess would be around 30mil 30 million ARTE? Sounds pretty big Would have expected a much less important supply because of the very slow inflation. There is no official source to verify the maximum supply of this token I think it will depend on contribution amount how much money they raise. OP posted a conversion table and this ICO will remain open for 30 days. If 200k MNE is burned then there will only be 864 ART mined each day, with a total supply of 20m over 63 years.That's exactly what I wanted to read, it tends to prove I'm not f*cking brainless as I was expecting such numbers to come up  Thank you all. Does it take into account how it gets harder and harder to mine ART every day? Like the first day you mine 1 Art, the next day you mine 0.99999999, and so on? Imagine how long it would take to get your investment back. Initial supply depends on the success of the ICO but I can't recall if it's capped or not. If this ICO is not successful the supply will be very limited but also the money raised to get it listed at the major exchanges and to start investing in this coin in terms of development. Remember that MNE will be burned so the Dev team needs ETH to get this going, as long as MNE trades > factor 10 lower then ETH no one will ever consider to board this ICO using ETH. A word of advice to the development team, why the hurry? You need to built up to day 1 of the ICO in terms of awareness levels. There must be a well written roadmap, a state of the Art website, a well defined purpose, a who is who behind this coin (people are not simply hand over any money to mr anonymous) and so on. This will not be a success at all since people will do some research on it first and when you are not familiar with Minereum you can't expect people simply comprehend what ART is about. There is absolutely no need to get this thing forced through with ample time to do some proper marketing on it and without the right fundamentals to have a successful ICO. An ICO is just a means to raise funds, nothing more. A project like this doesn't require that much money. If the ICO proceeds as planned, a large part of early investors will be MNE investors and the market cap and supply will be quite low. If ART and MNE manage to become succesful coins then prices for both projects could raise up to 20 - 30$ a piece, depending on how much their services cost, of course. Dev once told us that ART teamed up with a professional team to get this ICO to work. Also money needs to be raised to get this coin listed at serious exchanges. So basically he needs ETH to get 1) the services paid for 2) pay for the listing fees and 3) pay for the development (or he needs to assign some serious amount of genesis accounts to himself) Why is MNE only available on livecoin and crypto? Because there is no money to list it elsewhere. So ART could have a better run since there should be resources to get it broadly listed and made easily accessible to more buyers than those trading on the obscure exchanges like Livecoin and Crypto. IMO there should have been a lot of FOMO already prior to the ICO day1 if everybody expected MNE to pump but apparently there is not much appetite for MNE and ART at this moment so what will happen ATL to get this changed over the next few days? Also the burning of MNE will not have that much effect if the trading levels remain this low. |
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I'm just going to wait for ARTE to rise in value as the hypothetical supply is not supposed to be as important as the MNE one.
Can anybody make an assumption on how big the supply would be?
My guess would be around 30mil 30 million ARTE? Sounds pretty big Would have expected a much less important supply because of the very slow inflation. There is no official source to verify the maximum supply of this token I think it will depend on contribution amount how much money they raise. OP posted a conversion table and this ICO will remain open for 30 days. If 200k MNE is burned then there will only be 864 ART mined each day, with a total supply of 20m over 63 years.That's exactly what I wanted to read, it tends to prove I'm not f*cking brainless as I was expecting such numbers to come up Thank you all. Does it take into account how it gets harder and harder to mine ART every day? Like the first day you mine 1 Art, the next day you mine 0.99999999, and so on? Imagine how long it would take to get your investment back. Initial supply depends on the success of the ICO but I can't recall if it's capped or not. If this ICO is not successful the supply will be very limited but also the money raised to get it listed at the major exchanges and to start investing in this coin in terms of development. Remember that MNE will be burned so the Dev team needs ETH to get this going, as long as MNE trades > factor 10 lower then ETH no one will ever consider to board this ICO using ETH. A word of advice to the development team, why the hurry? You need to built up to day 1 of the ICO in terms of awareness levels. There must be a well written roadmap, a state of the Art website, a well defined purpose, a who is who behind this coin (people are not simply hand over any money to mr anonymous) and so on. This will not be a success at all since people will do some research on it first and when you are not familiar with Minereum you can't expect people simply comprehend what ART is about. There is absolutely no need to get this thing forced through with ample time to do some proper marketing on it and without the right fundamentals to have a successful ICO. |
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I think Timerieum team need more hands, the project seems like a one man show for me and it is getting in the way of the development. He need to ask for help from the community which I think he will should do
Completely agree with you need to advise Dev to dial the team of assistants. Imagine how much work he has now. In any case he needs our help! Since dev needs to fix an issue first before proceeding with the work to get the white paper plans coded doesn't mean the project is at risk or something. It might get delayed but that's no issue IMO. This project is for the long haul and not for the short term profits and I can't understand why everybody is so occupied with the potential exchange thing. I hope Dev raised enough money to get the update version listed somewhere at a smaller exchange to allow some trading but the focus must be on the coding of the lender project to get this out in a couple of months. Only when this is released the project will have real value, until that day its all based on hope and speculation and it does not make sense to spend so much time on this thread discussing things that not really appropriate at this point. The prospect of having a smart contract out there facilitating some sort of credit system is quite innovative and I hope Dev pulls it off in the end. Personally I would recommend not to hatch too many coins since it won't bring you that much on any exchange until something valuable is delivered. Once there is a working platform with real purpose only then this coins can really take off. I guess we all should reserve some patience for at least 6 months and let Dev do his thing in the background. Eager traders can enjoy themselves on livecoin or other small exchanges until then but don't expect Bittrex to open up before it can gain some serious traction. |
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No, you will be able to buy as much as you want
Dev something is not clear to me about Artemine concept If I buy 1000 art in ICO, am I going to get 1000 art sent to my wallet once and then the wallet will generate another 1000 art within 60 years making a total of 2000 art after 60 yrs.. Or Will I get 1000 art only once during a period of 60 yrs ?? Pls I need an answer..Thanks You will receive about 1.3888 coins monthly (daily about 0.0463 coins) So buy 400 MNE and get 40k ART = mining 1.8 coin a day = 54 coins a month. If valued at 10 USD = 540 USD a month = 6.5k USD a year. The trading value is off course speculation but being an ICO there will be much more exposure compared to MNE which was community driven. |
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