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.
Minereum brings the First Self Mining Smart Contract to the Cryptocurency World
No need for mining pools or mining equipment the mining is done by the code itself
Minereum was launched on the OPTIMISM Network on the 5th November, 2022. Initially all the OPTIMISM airdrop participants received a Genesis Address Level 1, totalling 8,383 Genesis Addresses.
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 MNEO. However, take into account that in the OPTIMISM version all addresses are Genesis Addresses Level 1 by default and more airdrop transfers will be triggered.
Whenever Genesis Address owners upgrade their addresses to Level 2 or Level 3, the mining process starts. The mining process will run for 25,509,510,489 OPTIMISM blocks with a reward of about 0.00001 MNEO per block. The upgrade fees are distributed to the OPTIMISM Fee Share Holders.
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