[ANN] Minereum - First Self Mining Smart Contract

[ujang1]

Off course bittrex would be better that cryptopia, everybody knows. I used both of them.

Anyhow Cryptopia is quite good. If you have never, try it.

You can check that this exchange is not have Ethereum. Therefore, the tokens that use its chain will also not be added.

[kashking]

I'll be checking out Cryptopia on your recommendation. Thanks to kashking too for the templete to request a coin.

I'm going to edit the description and add some more info and submit my request as well

SUBJECT:

Please Consider Adding Minereum (Self Mining ETH Based Smart Contract)

DESCRIPTION:

Minereum is a fresh new smart contract which collected around 4200 "genesis" addresses during it's collecting period in April:

The Genesis Addresses Collection occurred between April 14 5 PM UTC and April 15 5 PM UTC, 4268 addresses were collected from the community.

Each genesis address received 32k MNE, but they only become spendable at a rate of .00032 MNE per ETH block, or approximately 1.8 MNE per address per day. This creates a very unique and interesting mining mechanism right within an ERC20 based token.

The development team plans to automate the creation of ERC20 tokens which buyers will pay for using MNE. That MNE will then be burned. This is their first priority, but they're also working on an MNE lottery smart contract system, as well as creation of more self-mining tokens for customers. Those customers would also pay in MNE and the MNE would be burnt.

I think this would be a great project for you guys to add to your platform! It saw around 600+ BTC of volume on LiveCoin a couple days ago.

They got back to me. Unfortunately they don't support ETH or ETH tokens yet, so it's a no-go

[ttookk]

Can anyone tell me if this is possible:

Since people want to sell genesis addresses, but there is no way of proving that the seller does not have access to the address after selling it, there is just no market.

So, what I thought about was writing a smart contract, that can be signed with the private key of a genesis address, that can only be signed once and that limits all further actions this address can do to send MNE to a single specified address.

This way, even if the seller still has access to the genesis address, all they could do would be sending MNE to the address of the buyer.

Now, even if this was possible (which I don't know), there are some caveats:

This only works, if there is no way to reverse the contract. This means that making a mistake, such as entering the wrong receiving address, forgetting to state an address, or any other way of missing the correct form would lead to locking in the MNE for good.

Since it only works once, a buyer wouldn't be able to resell the genesis address. In theory, the seller could sign the same smart contract with their receiving address, but at some point, a buyer would have to send their MNE though so many addresses, that the work and gas cost would render the effort not worth it.

any thoughts?

For every transaction you need Eth for gas...
So even you lock the Minerium sending address your Eth in same wallet is on mercy of seller.
Good idea but ... no!

The address could still receive ETH, so paying for transactions wouldn't be a problem.

But with MNE being traded now, I think it's not worth the effort anymore.

Yes the address could receive ETH and the seller could send them out before buyer use them ...

He_she could ONLY send them to the address stated, that's the whole point. The only thing, the seller could do, would be setting the gas fees extremely high when sending a low amount of MNE, thus burning ETH. That's about it.

[miayama]

This is the most generous distribution in which I participated, the whole of yesterday could not believe in such a price. Thank you all!

[Cent21]

Off course bittrex would be better that cryptopia, everybody knows. I used both of them.

Anyhow Cryptopia is quite good. If you have never, try it.

You can check that this exchange is not have Ethereum. Therefore, the tokens that use its chain will also not be added.

You are right. I just checked... they only have ETC (ethereum classic), no ETH there.

I'm sorry. Didn't noticed this before.

[Jcga]

how much ether do i need in MEW for gas to send my 70 MNE to livecoin?

Gas min 400000 or +

Gas is around 65000 and 70000.

[nillohit]

how much ether do i need in MEW for gas to send my 70 MNE to livecoin?

Gas min 400000 or +

Gas is around 65000 and 70000.

If you want to make your tx will be confirmed very fast then always use GAS over 80K

[jacafbiz]

how much ether do i need in MEW for gas to send my 70 MNE to livecoin?

Gas min 400000 or +

Gas is around 65000 and 70000.

If you want to make your tx will be confirmed very fast then always use GAS over 80K

I think the gas issue depends on how congested the network is, I set 200000 gas and saw information of out of gas

[specturul]

how much ether do i need in MEW for gas to send my 70 MNE to livecoin?

Gas min 400000 or +

Gas is around 65000 and 70000.

If you want to make your tx will be confirmed very fast then always use GAS over 80K

I think the gas issue depends on how congested the network is, I set 200000 gas and saw information of out of gas

Always leave the standard value that offer myetherwallet , now it is around 80k.

[bitcircle]

doesn't enter in shit market..this can ruin the coin with dumping.

may just 2-3 market like livecoin and go bittrex and polo.

More market will be much helpful for healthy grow this coin has unique features. Devs are already making it more unique so I also agreed with you. Bittrex would be nice at this stage and Poloniex also can think to add this coin there.

[Gilboa]

For us that use Coinomi

This will be awesome!

[radiera]

yea, token self mining.. maybe in future token get pos not just from ico

[kashking]

yea, token self mining.. maybe in future token get pos not just from ico

There was no ICO

[Gilboa]

There is an article about minereum in medium, https://medium.com/@ahmad.riduan59/minereum-the-first-ever-self-mining-smart-contract-that-simplifies-erc20-token-creation-easier-e1656e9f4cf5 , how much audience are there there?

The medium article is incomplete and cuts out in the middle of the third paragraph.

It would be great if the editor can fix that post.

[NorthPixel]

For us that use Coinomi

This will be awesome!

Great, that's good news. We need few more exchanges so that we can attract more users, but it's not necessary to do it now, maybe they'll add themselves over time.

[coinswebid]

i'm coinomi users,, than if coinomi will add minereum,,
thats will make me very happy,,
thats very good news

[TheAwkwardBrit]

The price seems quite stable at the current level since that first correction.

[ciappa]

Hey guys, just heard about minereum the first time!

Sorry for my ignorance, but this coin is new?

How was the Distribution?

And what is the novelty/advantage of minereum?

Thanks a lot

[TheAwkwardBrit]

Hey guys, just heard about minereum the first time!

Sorry for my ignorance, but this coin is new?

How was the Distribution?

And what is the novelty/advantage of minereum?

Thanks a lot

Yes this coin is just a week or so old.

It was airdropped to about 4000 ETH addresses which created "Genesis Addresses", these basically mine a small number of MNE each day for the next 47 years. These people are very lucky and basically have a gravy train if this thing takes off.

The main purpose of Minereum is to be used as tokens for people and businesses with no programming experience to easily create their own tokens on the Ethereum network. These tokens are burned when people pay to deploy their own Tokens on the network through Minereum.

[kashking]

Looks like we're heading back up slowly.