Minereum (MNE), the world’s first self mining smart contract, is going to have a major update with a new token called Artemine (ART), which will be launched as an ICO.
The Artemine’s first draft whitepaper can be seen here: http://artemine.org/ArtemineWhitepaperDraft0.1.pdf
Artemine, which is built on the top of Minereum smart contract code, is aimed at removing the need for big computational infrastructure for crypto mining. It is a novel approach towards creating a low-risk yet profitable model for miners.
Earlier, Minereum had arrived with a similar approach and was able to impress people with its innovative approach towards mining. The project had announced to attribute a total of 32,000 MNE tokens to people who collected their “Genesis Addresses”. The total number of Genesis Addresses collected were then multiplied by 32,000 MNE to calculate the lifetime supply of MNE tokens. And with further introduction of controlled mining, the long-term aspect for MNE’s value became bullish.
Artemine taps the same idea, but brings something new and easy to it. For instance, Minereum didn’t have the facility to transfer Genesis Addresses, but Artemine offers it. Let’s have a look at these upgrades in the table below:
|Supply||Limited to collected Genesis Addresses multiplied by 32,000 MNE||Allows participants to decide how much amount they want to hold depending upon the amount they contribute in the ICO|
|Transfer Genesis Addresses||No||Yes|
|Automatic Sale of Genesis Addresses||Not Allowed||Allowed|
|Public Mining||Not Allowed||Allowed|
The Artemine ICO
Minereum Team has not announced yet the date of commencement of the upcoming Artemine ICO, but is hopeful to launch it in September, 2017. The team, however, has released key details about the event. It has confirmed that users will be able to contribute in ETH or MNE. As it further stated, all received MNE will be burned to ensure a smooth movement of funds for Minereum token holders.
The Minereum team has already released a tentative exchange chart indicating a day-by-day breakdown of ART/ETH and ART/MNE pair.
Image link to be embeded: https://image.ibb.co/ix8ubk/Artemine_ICO_Exchange_Rates.png
In the image you can see the price of 1000 ART in ETH and MNE over the 30 days long ICO.
As part of Artemine’s Roadmap they plan to launch two services that will be exclusive to ART:
- A website platform where users can set their Artemine Genesis Addresses for sale
- The Token ICO factory, which will be an extension to the current existing Minereum Token Creation Service that allows anyone to create an Ethereum Token (http://tokenservice.minereum.com/). The ICO Factory in addition to allowing creating Tokens will also create ICO Smart Contracts which will allow anyone to setup their Token ICO easily.