The living Dead or the sleeping beauty

Two weeks ago I shared my experience with you about Minereum. 

Minereum seems to be dead and is now tangling around $0.03 with a further decreasing potential. It might be an option to buy MNE now, but before you put all your money in MNE you should know that this down-trend has started from the 28th April this year:

Still having a plus of 386.25% from that date. The support of the price from the 22nd of April seems to stabilise the price right now. Hopefully leads to an end of the down-trend. While this information might be valuable for traders to find the right entry point. Miners who leveled up their genesis adresses are doomed to wait for approximately 50 years for the big pay-off but up to 3-5 years to break even and only  if the price isn’t further decreasing.
From the project perspective Minereum missed the chance to make the mining attractive enough. Ok, The idea of a self-mining smart contract was really genious, no need for any traditional mining equipment or plans to pay for mining services. The mining rate of 1.84 MNE per day is well chosen preventing Minereum from becoming inflationary and absolutely worthless. The corresponding time of 50 years to mine all 32,000 MNE Token is maybe the big hurdle for genesis buyers which is as well reflected by the big numbers of addresses that are offered on the Minereum bitcointalk forum and as the price of 0.3 ETH. Genesis buyers of the 2nd Airdrop feel kind of being scammed not allowed to automatically stake their mined MNE and are frustrated that they have to buy an extra staking address from a stake holder, (stakeholder number is right now limited to 133 people) in order to transfer the mined MNE. The Problem is these guys won’t sell they address because they are  getting stakes from the sales and the upgrades of the genesis addresses. 

Right now MNE has been zombified remaining undead 🧟‍♀️ for the next 50  years or totally dead forever due the dilemma that no one wants to upgrade pricey or buy the genesis address. Minereum remains to be a sleeping beauty for the genesis upgrader who still believe in the big pay off. I guess someday she will wake up or it needs a prince 🤴 kissing her awake. This Kiss might comes with the sword of discount the upgrade fees and easier access to become a stake holder. 

Thank you for reading and remember this post is no financial advice. You act on your own responsibility. #DYOR