Total Amount of coins per Genesis Address: 32,000 MNE
Total amount of coins generated per ethereum block: 0.00032 MNE
Total of blocks until all coins mined: 100,000,000 (~50 years)
Total amount of coins generated per day per address: Aprox. 1.84 MNE
So on the release date, all genesis addresses will have balance of 32K, but this balance will be locked and unlocked gradually with approximately 1.84 MNE per day? Let's say i paid a fee not on the release day1, but on the 3rd day, when the daily 1.84 unlock will be, starting from day1 or the day i paid a small fee?
We are still defining all details but here is the latest info:
There will be 3 levels of Genesis Addresses
- Level 1 (no fee)
Genesis Addresses receives 32,000 MNE but is not activated, owners can set these addresses for sale. However since the address is not activated, coins are not self mined and MNE transfers are not possible.
- Level 2 (fee applies)
Genesis Address is activated and the self-mining process starts, owners can set the address for sale at the price they wish, however MNE transfers are not possible
- Level 3 (fee applies)
Genesis Address is fully activated including MNE transfers & MNE decentralized trading
The Level 1 addresses are the ones being airdropped in the claim page right now (
http://v2.minereum.com) after mne v2 is launched owners will be able to upgrade the addresses to Level 2 & Level 3.
Keep in mind that when the claim phase ends it will not be possible to create more Level 1 addresses.
To answer your question the mining process only starts after Level 2 is activated, meaning the sooner they are activated the more coins they will mine.
All the fees applied in mne v2 will be distributed to the Stake Holder Program participants, meaning:
- Activation Fees
- Genesis Address Decentralized Trading fees
- MNE Decentralized trading fees
For more details on the Stake Holder Program:
https://bitcointalk.org/index.php?topic=4495159.msg53332411#msg53332411What about fees?? You didn't mentioned about amount of fees needed for each phases...