Minereum- Another Ponzi Scheme ?

[miklesm]

For me, Minereum looks like a scam project - they have airdropped their tokens to thousands of wallets, but the tokens are locked until you pay some ETH. Even after that, it takes years until the full unlock.

[Zionatin]

For me, Minereum looks like a scam project - they have airdropped their tokens to thousands of wallets, but the tokens are locked until you pay some ETH. Even after that, it takes years until the full unlock.

These are the little details noone agrees with. Only dishonest scams will not be clear about how things work. When they ask for money in order to "unlock" something or another thats when you know beyond a doubt that it is a scam. You must pay and there is a massive unlock period? These little details make it hard to trust them and just makes things more confusing and is unnecessary.

[Teraboy]

For me, Minereum looks like a scam project - they have airdropped their tokens to thousands of wallets, but the tokens are locked until you pay some ETH. Even after that, it takes years until the full unlock.

These are the little details noone agrees with. Only dishonest scams will not be clear about how things work. When they ask for money in order to "unlock" something or another thats when you know beyond a doubt that it is a scam. You must pay and there is a massive unlock period? These little details make it hard to trust them and just makes things more confusing and is unnecessary.

There was no massive unlock period and the coin will give to you from your self mining address. The developer was taking your ethereum instantly while you must wait more than 7 years to get your ROI.
This is a new shady scheme. So many people have also talked about this.

[Wildwest]

If we see from your explanation minereum is a Ponzi that uses a surefire strategy, and all are well planned and we do not easily be tempted with the bonuses they provide and we must issue ETH to get all of that, maybe if we are too lusting will be stuck with their offer then we should be careful.

[htsy585]

You probably know about Minereum Genesis Address. They recently upgraded their platform from V1 to V2. You can find their V2 launching details here : https://bitcointalk.org/index.php?topic=4495159.0

Now come to the point, I haven't fully understand their system and it works. They had launched a airdrop where 32000MNE were given to each genesis address. These genesis addresses are in lv1. They have three step genesis level. To upgrade from lv1 to lv3 anyone have to pay 0.3ETH + Network Fee. If you think you can use those 32000MNE after upgrading to lv3, heil No. You can't sell them to exchange (The only exchange that list MNE is Livecoin). After Upgrading your wallet could mine MNE which can be transferred to exchange and sell. Find more information about genesis level here : minereum.com/v2


Now they have introduced a lucky draw system. This lucky system requires to purchase a ticket+MNE as gas fee. Find the thread here : https://bitcointalk.org/index.php?topic=4495159.msg54249637#msg54249637

So, it seems like they're in thirst of ETH. Is it an another ponzi scheme ?

Your explanation tells one obvious thing which is minereum is trying to rip off which is a topical feature of ponzi scheme. Let's even assume the project is guenuine with lots of potentials to succeed, this send 0.3eth of a thing condemns what ever product and solutions they plane to develop. 0.3eth is way valuable to be been spent on things that ain't sure of proper return

[DarkDays]

Both Minereum and Livecoin are scams.

The amount of scam accusations against Livecoin is truly staggering, while Minereum sounds exactly like a Ponzi scheme, just built on blockchain.

Only the very earliest members will benefit, while the founders and designers will rack in the vast majority of any input funds.

Reminds me of the BS KickToken scam that I saw recently, where they frozen dropped 888,888 KICK tokens to ether addresses and pumped up the price, then dumped it all over everyone.

If it sounds dodgy, just avoid it.

[lizarder]

based on ath $14 and the current price I think this ponzi and also the orderbook in livecoin are played by bots and currently the market is experiencing good conditions the price is actually getting dumped so I think this project is very prone to ponzi

[Teraboy]

For me, Minereum looks like a scam project - they have airdropped their tokens to thousands of wallets, but the tokens are locked until you pay some ETH. Even after that, it takes years until the full unlock.

Someone owned more than 6k minereum genesis address v2 and that means there was a lot of wallets and it must be more than 10k even some people said they have already paid some ethereum to increase the level of their wallets and they can't use the features that already available when the wallet reached the level 3.

[shaheer001]

Thanks to sharing this very informative information about Minereum, yesterday I saw I MEW wallet where 32000 Minereum he arrived then I search for exchange as the price was so high shown in MEW wallet about $7000USD. So they will probably scam after some time.