Minereum was launched in 2017 and during the first Airdrop 4268 Genesis Addresses were collected. During the V2 Airdrop between Dec. 2019 and Mar. 2020, 1,197,634 Genesis Addresses were collected.
Each Genesis Address was attributed 32,000 coins, as there were 1,197,634 Genesis Addresses on the V2 Airdrop, the Total Initial Supply was set to 38,324,288,000 MNE.
Whenever Genesis Address owners upgrade their addresses to Level 2 or Level 3, the mining process starts. The mining process will run for 100,000,000 ethereum blocks with a reward of 0.00032 MNE per block, this will make the whole mining process run for about 50 years.