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.