Minereum was launched on the Binance Smart Chain on the 7th of June, 2021. Initially all the BSC airdrop participants received a Genesis Address Level 1, totalling 1,295,224 Genesis Addresses.
Each Genesis Address was attributed 150,000 coins. As there were initially 1,295,377 Genesis Addresses on the Airdrop, the Total Initial Supply was set to 194,283,600,000 MNEB. However, take into account that in the BSC version all addresses are Genesis Addresses Level 1 by default and more airdrop transfers will be triggered.
Whenever Genesis Address owners upgrade their addresses to Level 2 or Level 3, the mining process starts. The mining process will run for 1,000,000,000 BSC blocks with a reward of 0.000150 MNEB per block. The upgrade fees are distributed to the BSC Fee Share Holders.