The Blockchain – based Minereum (MNE) fell by -2.86% for a day

Minereum is the first ever self mining Smart Contract Token. Coins are generated on the fly with a mathematical formula. The MNE token is an …

It was bad day for Minereum (MNE), as it declined by $-0.0002389486 or -2.86%, touching $0.0081242524. Global Crypto Analysts believe that Minereum (MNE) is looking for the $0.00893667764 goal. According to 5 analysts could reach $0.018052355941587. The highest price was $0.0084826753 and lowest of $0.0075268809 for August 7-8. The open was $0.008363201. It last traded at LiveCoin exchange.

For a month, Minereum (MNE) tokens went up 37.56% from $0.005906 for coin. For 100 days MNE is down -8.53% from $0.008882. It traded at $0.007064 200 days ago. Minereum (MNE) has 6.55M coins mined with the market cap $53,174. It has 136.58 million coins in circulation. It was founded on 14/04/2017. The Crypto MNE has proof type and operates under algorithm.

Minereum is the first ever self mining Smart Contract Token. Coins are generated on the fly with a mathematical formula. The MNE token is an Ethereum-based token.

The Genesis Addresses Collection occurred between April 14 5 PM UTC and April 15 5 PM UTC, 4268 addresses were collected from the community. Each Genesis Address was attributed 32,000 coins, as there were 4268 Genesis Addresses, the Total Maximum Supply was set to 136,576,000 MNE. Although the Total Max Supply is set to 136,576,000 MNE, this supply will only be reached in about 47 years. This is because of the Self Mining principle of minereum that only allows each Genesis Address to mine 0.00032 MNE per ethereum block.

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Ethereum Blockchain Network Crosses More Than 200000 ERC20 Tokens Benchmark

These tokens are issued based on a smart contract. These contracts do not have to be ‘smart’ or super practical, therefore, it is a slightly unfortunate …

Regardless of what you think of Ethereum (and altcoins in general), it is a fact that this network has had and had a great impact on the entire industry. While bitcoin is considered primarily as a means of payment, during the huge increases in 2017, the ether was the driving force and the means of payment in many cases.

The Ethereum network was really forced to assume that role: the tokens in the network shot up like mushrooms. Suddenly, everyone wanted to issue the so-called ERC-20 token. Since the launch of the network, more than 200,000 Tokens have been issued on the Ethereum network according to EtherScan.

ERC-20 is a technical standard for implementing tokens in the Ethereum chain. Almost all the coins or tokens issued on this platform belong to this category. The most important example is the ether. That is the fuel of the Ethereum network and it is also an ERC-20 token. With ether, it pays to make transactions, but also to execute smart contracts, for example.

These tokens are issued based on a smart contract. These contracts do not have to be ‘smart’ or super practical, therefore, it is a slightly unfortunate name. However, these smart contracts ensure that the network and tokens must comply with certain rules. Therefore, you can program your tokens in a certain way and give it certain properties.

In 2017, the initial coin supply trend began. Everything and everyone had to have their own record. Often that was only possible with ETH. Which resulted in prices well above $ 1,000 per ether. Current hodlers can only dream of that. Millions could be collected. And if you could make a good marketing talk, you could charge wonderfully. Because investors were ready to push their ETH earned so hard to another new company.

Billions in investments in projects, most of which have never added anything to the crypto space. On the other hand, there are some outliers. If you look at the top 100, most remain an ERC-20 token. The largest token, after ETH, is currently Binance Coin (BNB). But that currency will eventually move to its own chain. But also other currencies that are popular this year, such as Chainlink (LINK) and Basic Attention Token (BAT) have been issued on the Ethereum network.

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Walter Schulze

Walter Schulze brings all the breaking news stories in the tech and startup world and to ensure that Startup Fortune offers a timely reporting on the trends happen in the industry. He now works on a part time basis for Startup Fortune specializing in covering tech and startup news and he also sheds light on investment opportunities and trends.

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MOAC (MOAC) increased to $0.42704453 during a day

It is a Multi-Blockchain smart contract and P2P service network to build and scale decentralized applications through a multi-layer architecture which …

It was good day for MOAC (MOAC), as it jumped by $0.00135497999999995 or 0.32%, touching $0.42704453. Global Crypto Experts believe that MOAC (MOAC) is looking for the $0.469748983 goal. According to 9 analysts could reach $1.03933371738749. The highest price was $0.43562607 and lowest of $0.41801133 for August 7-8. The open was $0.42568955. It last traded at BitZ exchange.

For a month, MOAC (MOAC) tokens went down -29.20% from $0.6032 for coin. For 100 days MOAC is down -38.71% from $0.6968. It traded at $0.4973 200 days ago. It has 150.00M coins in circulation. It was founded on 01/04/2018. The Crypto MOAC has PoW proof type and operates under algorithm.

MOAC is a public blockchain platform. It is a Multi-Blockchain smart contract and P2P service network to build and scale decentralized applications through a multi-layer architecture which splits the network into the main chain and upper layer micro chains. To increase the number of smart contracts that can be processed, MOAC uses the asynchronous smart contract technology.

The MOAC has started as an Ethereum-based cryptocurrency but has now launched its own mainnet. The token will be used to perform cross-chain transactions through the MOAC MicroChains, allowing the exchange between MOAC coins, BTC, ETH, or LTC.

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InvestDigital (IDT) went up $0.004175899 during a day

The ETH software gives the platform a high processing ability on smart contract and low latency data services. The InvestDigital ecosystem uses a …

It was good day for InvestDigital (IDT), as it jumped by $0.004175899 or 20.59%, touching $0.024458837. International Cryptocoin Analysts believe that InvestDigital (IDT) is looking for the $0.0269047207 goal. According to 4 analysts could reach $0.0400276491907549. The highest price was $0.0245781484 and lowest of $0.020282938 for August 7-8. The open was $0.020282938. It last traded at HADAX exchange.

For a month, InvestDigital (IDT) tokens went down -0.69% from $0.02463 for coin. For 100 days IDT is up 501.55% from $0.004066. It traded at $0.002355 200 days ago. InvestDigital (IDT) has 800.00M coins mined with the market cap $19.57 million. It has 800.00 million coins in circulation. It was founded on 13/01/2018. The Crypto IDT has proof type and operates under algorithm.

InvestDigital implements the use of Ethereum blockchain as an asset management toolset and protocol. The ETH software gives the platform a high processing ability on smart contract and low latency data services. The InvestDigital ecosystem uses a unified InvestDigital Token or IDT, which safeguards the ecology while facilitating the flow of members in and out InvestDigital community.

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Ethereum co-founder Gavin Wood highlights issues with ETH and Vitalik Buterin

Gavin Wood is the co-founder of Ethereum, former CTO of the Ethereum Foundation and the person behind Solidity, the programming language …

Gavin Wood is the co-founder of Ethereum, former CTO of the Ethereum Foundation and the person behind Solidity, the programming language responsible for the revolutionary smart contracts. However, despite this stellar history with the platform, he left Ethereum in 2016 to create Polkadot, what some might call a serious competitor to the yet-to-be-released Ethereum 2.0.

Wood visited China last month to promote Polkadot, which received substantial financial support from Chinese investors during its private token sale, through which it raised a massive $1.2 billion. Polkadot has thus received substantial development funding through the pre-sale of its DOT tokens, and the platform is slated to have its mainnet launch later this year.

An interview with Wood was published on Chinese website ‘The Orange Book’ yesterday to discuss Polkadot, and what it wishes to do differently than Ethereum.

The Ethereum Twitter community was quick to point out that the Google-Translated version of the article is critical of Vitalik Buterin, the founder of Ethereum, and even takes some “cheap shots”. It describes him as a young man who doesn’t know how to cover up, and who seems to be “embarrassed” when on stage. They then go on to compare him to Wood, who they state, can speak as many languages as Buterin, has great charisma when addressing a large audience, and has a wide range of interests and experiences such as Taekwondo, snowboarding and music.

During the interview, Gavin speaks about the many issues he has with Ethereum’s design and what he wishes to change through Polkadot. One issue he addresses is Ethereum’s governance. He believes it lacks the ability to improve the system through governance. This is also seen in its attitude towards hardforks, which in Gavin’s opinion, are not a good thing, but which Ethereum implements with rough social consensus outside the blockchain.

A major criticism he finds is the use of ETH as a necessary component to use the platform. Ethers do not need to be the medium of transaction on the platform, and this, he states, is where Buterin disagrees with him. Wood believes that this design makes developers and users of the Ethereum blockchain “slaves” to the ETH token.

Eric Conner, a Twitter user, disagrees with this sentiment. What Ethereum is doing is creating a “monetary premium on the underlying asset (ETH) in order to best secure the chain in the future and open up endless possibilities in doing so.”

About Post Author

Tulika Jain

Bibliophile, crazy cat lady and passionate about financial and economic journalism. I don’t trade in cryptocurrency but am fascinated by the market.

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