Minereum price is $0.01391886
As of the time of writing, the price of Minereum (MNE) is $ 0.01391886, with a +0.00% change in the last 24 hours. This means that the value of MNE has increased today.
Minereum, also known by its token symbol MNE, is a unique cryptocurrency conceived with a novel approach to initial coin distribution. Instead of an ICO or a mining process, Minereum tokens were distributed to a collection of Genesis Addresses. The distribution process occurred in April of 2017, over a two-day period. Cryptocurrency enthusiasts were invited to collect these Genesis Addresses from various cryptocurrency forums, and a total of 4268 Genesis Addresses were collected. Each of these addresses were given 32,000 MNE tokens and this resulted in a total supply of 136,576,000 MNE.
The creators of Minereum have chosen to remain anonymous, similar to the creator of Bitcoin, Satoshi Nakamoto. This has allowed for the focus to remain solely on the innovative aspects of the project and its potential uses, rather than on the personalities behind its inception.
Minereum works on the principle of self-mining. The self-mining contract in Minereum tokens employs a mathematical formula where every token holder can claim a particular number of tokens per day. The process is designed to provide a decentralized solution where the total supply of tokens is generated by the total supply of Genesis Addresses.
The number of Minereum tokens that can be mined per day is inherently restricted, which means the supply of MNE is kept in control, reducing any excessive inflation that might devalue the tokens.
Self-mining is a unique feature of Minereum that differentiates it from other cryptocurrencies. This process allows each Genesis Address to generate 0.00032 MNE per Ethereum block. This self-mining algorithm means no substantial amount of computing power is needed, as opposed to traditional cryptocurrency mining that often requires significant levels of processing power.
The circulating supply of Minereum (MNE) is , out of the total maximum supply of 136,576,000 MNE which was established at the time of the Genesis Addresses Collection.
Minereum (MNE) can be bought or exchanged for other cryptocurrencies or fiat currencies on multiple cryptocurrency exchanges. The full list of exchanges where MNE is currently available can be found by tracking its market data. It is recommended to do thorough research before selecting an exchange to ensure it is secure and reliable. You'll find a list of exchanges offering MNE on our website.
Keeping your Minereum (MNE) safe is imperative and like other cryptocurrencies, it can be subject to cyber threats. It is thus crucial to use robust security measures such as hardware wallets and secure private keys management methods to store your MNE tokens. Always remember to keep your private keys private and refrain from sharing sensitive information about your crypto assets on public online platforms.
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