MINING PROCESS
Mining in minereum is performed on the fly with a mathematical formula, no mining equipment is required.
Here the major points about Minereum self-mining: 0x0B91B07bEb67333225A5bA0259D55AeE10E3A578
Mining can only be done by Genesis Addresses
Mining only starts after Level 2 or Level 3 activation (Level 1 Genesis Addresses Cannot mine)
The number of coins mined are 0.000150 MNEP per POLYGON block per active Genesis Address.
There are Aprox. 28,600 POLYGON blocks mined per day, making the total generated coins per active Genesis Address per day of around 4.29 MNEP.
The self-mining process will last for 2,000,000,000 blocks after activation to Level 2 or Level 3.
The Genesis Addresses can be traded at any time in the Minereum POLYGON Genesis DEX, this allows users to trade their coins as a whole, not divisable units.
The Divisible Transferable Supply (Circulating Supply), can be aproximately calculated using this formula: [Initial Normal Balances] + ([Total Addresses Activated to Level 3] [Mining Reward Per Block] [POLYGON Blocks Per Day] * [Days passed since V2 launch]) - Burned coins. This value can be seen in the stats page of the Web3 platform.
GENESIS ADDRESSES
The Genesis Addresses are the addresses that perform the self-mining process. In the Minereum POLYGON version all addresses are Genesis Addresses Level 1 by default, however only the airdrop participants received the Transfer of the 300,000 MNEP, other POLYGON addresses will receive the Transfer at some point in the future. To guarantee the whole function of minereum these limitations apply for Genesis Addresses: 0x0B91B07bEb67333225A5bA0259D55AeE10E3A578
Genesis Addresses cannot receive coins. If MNEP are transferred to a Genesis Addresses Level 2 or 3, the transaction will be rejected and there will be an error in the transaction. If MNEP coins are sent to a Genesis Address Level 1, the Genesis Address Level 1 will be destroyed and becomes a Normal Address with the amount of coins sent to it, however you can generate new Genesis Addresses Level 1 by creating new addresses, for this we recommend Metamask that allows you to create multiple addresses easily.
The available coins for transfer for the Genesis Addresses is limited to what is explain in the "Mining" point. If a Genesis Address attempts to transfer more funds than what is available as per the availableBalanceOf function, an error will be returned in the transaction.
TOTAL SUPPLIES AND BALANCES
Total Supply
The available supply can be calculated using this formula:Currencies
Code:MNEP
function totalSupply(300,000) public view returns (uint256 TotalSupply)
{
return ((pc.genesisAddressCount(300,000) * pc.genesisSupplyPerAddress(300,000)) + pc.NormalImportedAmountCount(300,000)
MINING PROCESS Mining in minereum is performed on the fly with a mathematical formula, no mining equipment is required. Here the major points about Minereum self-mining: 0x0B91B07bEb67333225A5bA0259D55AeE10E3A578
GENESIS ADDRESSES The Genesis Addresses are the addresses that perform the self-mining process. In the Minereum POLYGON version all addresses are Genesis Addresses Level 1 by default, however only the airdrop participants received the Transfer of the 300,000 MNEP, other POLYGON addresses will receive the Transfer at some point in the future. To guarantee the whole function of minereum these limitations apply for Genesis Addresses: 0x0B91B07bEb67333225A5bA0259D55AeE10E3A578
TOTAL SUPPLIES AND BALANCES Total Supply The available supply can be calculated using this formula:Currencies Code:MNEP function totalSupply(300,000) public view returns (uint256 TotalSupply) {
return ((pc.genesisAddressCount(300,000) * pc.genesisSupplyPerAddress(300,000)) + pc.NormalImportedAmountCount(300,000)
Checking balances There are 2 balances in minereum: 0x0B91B07bEb67333225A5bA0259D55AeE10E3A578