The first self-mining smart contract
(CELO Version)
All great cryptocurrencies have something in common: they have a great mining system. Minereum goes back to the basics and attempts to bring a new mining approach to the cryptocurrency space.
👉 RECEIVED 300,000 MNEC? SEE YOUR OPTIONS HERE 👈
👉 WEB3 PLATFORM FOR CELO 👈
The Future of Smart Contract Mining Starts Here
Minereum brings the First Self Mining Smart Contract to the Cryptocurency World
Mining Precision
No need for mining pools or mining equipment the mining is done by the code itself
GENESIS
Minereum was launched on the CELO Network on the 5th November, 2022. Initially all the CELO airdrop participants received a Genesis Address Level 1, totalling 8,383 Genesis Addresses.
SUPPLY
Each Genesis Address was attributed 300,000 coins. As there were initially 8,383 Genesis Addresses on the Airdrop, the Total Initial Supply was set to 2,514,900,000 MNEC. However, take into account that in the CELO version all addresses are Genesis Addresses Level 1 by default and more airdrop transfers will be triggered.
MINING
Whenever Genesis Address owners upgrade their addresses to Level 2 or Level 3, the mining process starts. The mining process will run for 1,166,783,216 CELO blocks with a reward of about 0.00025 MNEC per block. The upgrade fees are distributed to the CELO Fee Share Holders.