Minereum was launched on the Polygon Network on the 17th of September, 2021. Initially all the POLYGON airdrop participants received a Genesis Address Level 1, totalling 1,202,595 Genesis Addresses.
Each Genesis Address was attributed 300,000 coins. As there were initially 1,202,595 Genesis Addresses on the Airdrop, the Total Initial Supply was set to 360,778,500,000 MNEP. However, take into account that in the POLYGON 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 2,000,000,000 POLYGON blocks with a reward of 0.000150 MNEP per block. The upgrade fees are distributed to the POLYGON Fee Share Holders.