How to Use Minereum Celo Web3 Platform

👉 This Page explains everything about the Minereum CELO Web3 Platform. Please install a web3 browser such as Metamask (PC/Android/iOS), Trust Wallet (Android only) or CoinBase Wallet (Android/iOS) to use the platform.

👉 Make sure you are connected to the Celo Network

• CELO Smart Contract Address
• Normal Addresses
• Genesis Addresses
• Fee Share Holders
• How to Upgrade your Genesis Address with 300,000 MNEC?
• Upgrade buttons not working?
• How to set your Genesis Address for Sale?
• Stats Page
• CELO My Address page
• Transfer Page
• Buy Genesis Addresses Page
• Buy Fee Shares Page
• Buy MNEC Page
• Deposit MNEC on External Exchanges
• Is your balance not visible in external providers?
• How to destroy my Genesis Address Level 1?

MNEC CELO Smart Contract Address

👉 MNEC CELO Smart Contract: 0xF9d922c055A3f1759299467dAfaFdf43BE844f7a

👉 Symbol: MNEC

👉 Decimals: 8

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Normal Addresses

👉 Normal Addresses are all the addresses that are not genesis addresses.

👉 They function like any other traditional ERC-20 token and they have no restrictions at all.

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Genesis Addresses

👉 Each Genesis Addresses received 300,000 MNEC. The Genesis Addresses are different from Normal Addresses because they self-mine MNEC, for more information about the self-mining process read here.

👉 In the MNEC CELO Version all addresses by default are Genesis Addresses Level 1, meaning you can create as many Genesis Addresses Level 1 as you want, however initially only the airdrop participants received the MNEC transfer which makes the balance visible by default in external providers/wallets. Take into account that as all addresses are Genesis Addresses by default, transfers will be triggered to more addresses.

👉 If you did not receive the airdrop you can create as many Genesis Addresses Level 1 as you want and after that you can follow the instructions here to make your balance visible in external providers/wallets. You can upgrade or set them for sale. We recommend Metamask to manage multiple addresses.

👉 If you have any type of Genesis Address and your balance is not visible in external providers/wallets follow the instructions here.

👉 Note that all Genesis Addresses have three limitations:

• Level 2 and 3 cannot receive any MNEC. If MNEC is sent to a Level 1, the Level 1 will be destroyed and credited with the balance sent.
• They can only transfer the amount of MNEC that was self-mined (Available Balance)
• Self-Mining only starts after Level 2 or Level 3 activation

👉 Features of each Genesis Address Level

You can see what Genesis Address Level you have and upgrade in the CELO My Address page

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Fee Share Holders

👉 CELO Fee Share Holders are the holders of shares of all the fees collected in the Minereum CELO platform.

👉 During March, 2021 users could join the Fee Share Holder program while the CELO Airdrop was running.

👉 The only way to get Fee Shares now is by buying them from the Web3 Decentralized Fee Shares Exchange.

👉 For example if a total of 1,000,000 CELO in fees are collected from the Minereum CELO Platform and you own 10% Fee Share, you will get 100,000 CELO directly in your wallet once the payouts are triggered.

👉 The current fees to be distributed to the Fee Share Holders can be seen at the end of the stats page and anyone can trigger the payouts any time.

👉 Fee Share Holders are free to Set their Fee Shares for sale and transfer them to other addresses.

👉 To buy Fee Shares go to the Web3 Decentralized Fee Shares Exchange.

👉 For more information about buying Fee Shares see here.

👉 For more information about setting Fee Shares for Sale see the CELO My Address page

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How to upgrade your Genesis Address with 300,000 MNEC?

👉 If you received a Genesis Address with 300,000 MNEC from the airdrop, you have 5 options:

1. Set your Genesis Address for sale in the Minereum CELO Web3 Decentralized Exchange
2. Upgrade your address to Level 2 (mining starts: one time fee 200 CELO 100 CELO)
3. Upgrade your address to Level 3 (mining starts & transfers allowed: one time fee 600 CELO 300 CELO)
4. Do nothing (your coins won’t be mined, nothing will happen)
5. Destroy your address (coins will be burned and you will get nothing) – See the last point on this page

👉 This section explains how to upgrade your Genesis Address to Level 2 or 3, to learn more about Genesis Addresses and what functionalities each level can do, see here.

👉 To upgrade your Genesis Address, go to the CELO My Address page here and click on the buttons “Upgrade to Level 2” or “Upgrade to Level 3”.

👉 Make sure you are using a Web3 browser loaded with your wallet (Example: Metamask, Trust Wallet, Coinbase Wallet, etc.)

👉 Make sure you are connected to the Celo Network

👉 If you have multiple Genesis Addresses you can also use the “Upgrade Multiple Addresses” functionality.

👉 For information about the current fees for Level 2 and Level 3 upgrade check the Stats Page here.

👉 All the upgrade fees are distributed to the Minereum Fee Share Holders, anyone can become a Fee Share Holder read more here.

👉 For more information read the specification of the CELO My Address page here.

👉 NOTE: To upgrade your address it must NOT be set for sale. If it is you have to remove it from sale first in the CELO My Address page.

👉 To understand all the advantages of upgrading your Genesis Address, see here.

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Upgrade buttons not working?

👉 If the upgrade buttons are not working, make sure you are using a web3 browser loaded with your wallet. Please install a web3 browser such as Metamask (PC/Android/iOS), Trust Wallet (Android only) or CoinBase Wallet (Android/iOS) to use the Web3 platform.

👉 Make sure you are connected to the Celo Network

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How to set your Genesis Address for Sale?

👉 To set your Genesis Address for sale, go to the CELO My Address page here and click on the button “Set for sale” in the section “Set Genesis Address For Sale”.

👉 If you have a Genesis Address Level 1 the price is set automatically by the platform.

👉 If you have a Genesis Address Level 2 or 3 you can set the price you wish for sale.

👉 For more information about Genesis Addresses and how the price is calculated for Genesis Addresses Level 1 see here.

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Stats Page

👉 On this page you see the overall information about the Minereum CELO ecosystem.

Actions

👉 Trigger Payouts

Anyone can click on this button provided that they are willing to pay the CELO execution costs.

This action will trigger the payout based on the current Minereum CELO balance to all the Fee Share Holders.

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CELO My Address page

👉 In this page you can see all the relevant information of your address (the address selected on your metamask).

Actions

👉 Check Another Address

Check all relevant information about any address

👉 Upgrade to Level 2

This action will upgrade your Genesis Address to Level 2, the cost for execution is the Level 2 fee visible in the Stats page.

Requirements:

1. Your address must be a Genesis Address Level 1
2. Your address must not be set for sale (if it is, you can remove it from sale)
3. You must have enough CELO in your address to cover the Level 2 upgrade Fee

👉 Upgrade to Level 3

This action will upgrade your Genesis Address to Level 3, the cost for execution is:

• If your address is Level 1: Level 2 Fee + Level 3 Fee
• If your address is Level 2: Level 3 fee

The current fees can be seen in the Stats page.

Requirements:

1. Your address must be a Genesis Address Level 1 or Level 2
2. Your address must not be set for sale (if it is, you can remove it from sale)
3. You must have enough CELO in your address to cover the upgrade fees

👉 Upgrade Multiple Addresses

here you can upgrade one or multiple Genesis Addresses to Level 2 or Level 3 in one transaction.

After you click on “Calculate & Send” the total costs will be calculated base don the current fees visible in the Stats page.

Requirements:

• All addresses submitted must be Genesis Address Level 1
• You must have enough CELO in your address to cover fees

👉 Set Genesis Address For Sale

In this area you can put your Genesis Address for Sale and remove them from sale.

For Genesis Addresses Level 1 the final price is static and is calculated based on the formula:

[Level 2 Fee] + [Level 2 Fee] + [Level 3 Fee] + [Exchange Fee]

The seller gets: 1 x [Level 2 Fee]

The Fee Share Holders get: 1x [Level 2 Fee] + [Level 3 Fee] + [Exchange Fee]

For Genesis Addresses Level 2 you can the price you wish, the final price is calculated based on the formula:

[Seller Price] + [Level 3 fee] + [Exchange Fee]

The seller gets: [Seller Price]

The Fee Share Holders get: [Level 3 fee] + [Exchange Fee]

For Genesis Addresses Level 3 you can the price you wish, the final price is calculated based on the formula:

[Seller Price] + [Exchange Fee]

The seller gets: [Seller Price]

The Fee Share Holders get: [Exchange Fee]

👉 Set Normal Addresses For Sale Area

In this area you can set your Normal Addresses for sale and remove them from sale.

When you insert a price, you are inserting an CELO price per 1 MNEC. Assuming you want to sell your Normal Address for 10 CELO and your balance is 10 MNEC then you must put the price per 1 MNEC of 1 CELO.

If you do not wish to sell all your balance in your current address, transfer the MNEC you do not wish to sell to another address.

After your address is set for sale it will be placed in the “Buy MNEC” page.

Requirements:

• Your address MUST NOT be a Genesis Address

👉 Set Fee Shares For Sale Area

In this area you can set your Fee Shares for sale. You can set your CELO price for the whole Fee Share in your address.

If you do not wish to sell all your Fee Share balance in your current address, transfer the Fee Share you do not wish to sell to another address.

After your Fee Share is set for sale it will be placed in the “Buy Fee Shares” page.

👉 Allow Address to Destroy Genesis Address Area

To buy Fee Shares you have the option to buy with Genesis Addresses Fee, in this case you have the option to set the “Buyer Address” in this field. When the Fee Share purchase is made with Genesis Fee, all the genesis addresses inputed will be validated if the buyer is allowed to destroy them.

Note: only Genesis Addresses Level 3 can be destroyed

👉 Allow to Receive Genesis Address Transfers area

If you wish to transfer a Genesis Address Level 2 or 3, the receiver address must first have this option enabled.

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Transfer Page

👉 In this page you can transfer MNEC, Genesis Addresses Level 2 & 3 and Fee Shares.

👉 Transfer MNEC

You can transfer MNEC up to your available balance.

For Normal Addresses, the available balance is always the same as the total balance.

For Genesis Addresses the available balance is the current self mined amount.

Requirements:

• Your address must be a normal address OR a Genesis Address Level 3 with an available balance greater than 0.

👉 Transfer Genesis Address

Here you can transfer your Genesis Address to another address.

Requirements:

• The address you are transfering to must have the option “Allow Genesis Addresses Transfers” enabled
• The address you are transfering to must have 0 MNEC balance.
• Your address must be a Genesis Address Level 2 or Level 3

👉 Transfer Fee Shares

Here you can transfer parts of your Fee Share to another address.

Requirements:

• a MNEC fee OR a Genesis Address fee must be paid. These fees are calculated per 1%. Note: The minimum fee is the fee itself.

For example if the MNEC fee per 1% is 1000 MNEC:

If you transfers 2%, the total fee will be 2000 MNEC

If you transfer 0.5% the total fees will be 1000 MNEC

You must have the MNEC available in your address.

To pay the Fees with Genesis Address you must insert the number of Genesis Address as per the fee to be destroyed.

Your address must be placed in the area “allow to destroy Genesis Addres” in the “My Address” page for all genesis addresses that are inserted.

Note: Only Genesis Addresses Level 3 can be destroyed.

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Buy Genesis Addresses – Decentralized Exchange

👉 In this page you can see all Genesis Addresses Level 1, level 2 and Level 3 for sale.

👉 If you Buy a Genesis Address Level 1 or Level 2, it will be automatically upgraded to Level 3

👉 To make a purchase click the Buy button, provided you have enough CELO, the sale will happen automatically via the smart contract. The Seller will get the CELO and the buyer will get the Genesis Address.

👉 The sale process is totally decentralized, Minereum Platform or the buyer will never have access to your private keys.

👉 To buy multiple Genesis Addresses you need multiple CELO Addresses, one for each.

👉 Requirements:

• The buyer address should NOT be a Genesis Address
• The buyer address should NOT have any MNEC balance (make sure your address has 0 MNEC)

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Buy Fee Shares – Decentralized Exchange

👉 To buy Fee Shares use the Web3 Decentralized Fee Shares Exchange

👉 In this page you can see all the Fee Shares Available for Sale.

👉 Fee Shares belong to Fee Share Holders and they receive the % of the total fees collected by the Minereum Web platform.

👉 To buy Fee Shares a MNEC fee or Genesis Address fee needs to be paid. These fees are calculated per 1% with a minimum of the fee itself.

👉 To buy using the MNEC fees the address you are using to buy must have an Available Balance >= the MNEC Fee displayed.

👉 To pay the fees with Genesis Address you must insert the number of Genesis Addresses as per the fee to be destroyed.

👉 NOTE: For your Genesis Addresses to be valid for fees they need the following:

• Each of the Genesis Addresses inserted must be Level 3
• You must login on each Genesis Address you are using to pay fees, go to the CELO My Address page and set the Address you are using to buy on the section “Allow Address to Destroy Genesis Address”. After you do this you should see your address in the field “Allow to Destroy” in the CELO My Address page.

👉 Here are some fees examples:

👉 Example 1: Assuming the MNEC fee is 1000 MNEC:

If you are buying a 0.5% Fee Share the total fees will be 1000 MNEC

If you are buying a 1% Fee Share the total fees will be 1000 MNEC

If you are buying a 2% Fee Share, the total fee will be 2000 MNEC

If you are buying a 3% Fee Share, the total fee will be 2000 MNEC

👉 Example 2: Assuming the Genesis Address fee is 2:

If you are buying a 0.5% Fee Share the total fees will be 2 Genesis Addresses Level 3

If you are buying a 1% Fee Share the total fees will be 2 Genesis Addresses Level 3

If you are buying a 2% Fee Share the total fees will be 4 Genesis Addresses Level 3

If you are buying a 3% Fee Share the total fees will be 6 Genesis Addresses Level 3

Note that as mentioned above, to pay the fees with Genesis Addresses, the Genesis Addresses you insert must have the address you are using to buy in the CELO My Address page field “Allow to Destroy”, this can be set in the section “Allow Address to Destroy Genesis Address”.

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Buy MNEC – Decentralized Exchange

👉 In this page you can see all the MNEC available for sale. All the MNEC in this page belong to Normal Addresses and have no Genesis Address restrictions.

👉 To buy the amount of MNEC in question, click on Buy. Provided you have enough CELO the trade will happen automatically via the smart contract, the seller will get the CELO and the buyer will get the MNEC, totally decentralized.

👉 Requirements:

• The buyer address should NOT be a Genesis Address

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How to deposit/transfer Minereum to External Exchanges

👉 To deposit MNEC on external exchanges:

• If your address is a Genesis Address, make sure your address is upgraded to Genesis Address Level 3. Otherwise the transfer will fail.

👉 Note that you can only transfer up to your available balance.

• If your address is not a Genesis Address, nothing to worry about.

👉 To transfer MNEC, make sure you use the Transfer functiononality from the Transfer page here.

👉 To upgrade your address to Genesis Address Level 3 follow the steps here.

👉 To check your Available Balance, check the CELO My Address page in the Minereum Web3 platform.

👉 To read more about the Minereum Web3 Platform scroll to the top of this page.

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Is your balance not visible in external providers (celoscan.io)?

If you balance is not visible in external providers like celoscan.io, follow these steps:

1. Go to this page https://celoscan.io/address/0x5E179082c652Fd750B7Bf3b48C5a253a63ba9833#writeContract and connect your CELO Genesis Address Level 1 wallet
2. Locate the function “3. MakeBalanceVisible” and click Write
3. After the transaction is submitted and confirmed your balance should be visible

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How to destroy my Genesis Address Level 1?

To destroy your Genesis Address Level 1 with 300,000 MNEC:

Note: this action will destroy your MNEC Genesis Address Level 1 with 300,000 MNEC (received from the airdrop). This means all the MNEC coins will be burned. However keep in mind that in the CELO version all addresses are Genesis Addresses Level 1 by default, this means you can generate as many Genesis Addresses Level 1 as you want. For this we recommend Metamask, that allows you to create many different addresses easily.

To destroy the Genesis Addresses Level 1 you have to call the function DestroyGenesisAddressLevel1 from the MNEC Smart Contract 0xF9d922c055A3f1759299467dAfaFdf43BE844f7a, below is one example how to do it with metamask.

1. Go to this page https://celoscan.io/address/0xF9d922c055A3f1759299467dAfaFdf43BE844f7a#writeContract
2. Click on “Connect to Web 3” (connect with your Genesis Address Level 1 with 300,000 MNEC)
3. After connected, locate the function 15. DestroyGenesisAddressLevel1, click write and wait for the transaction to confirm.
4. After that your Genesis Address will be destroyed and your balance will be removed. Your address will become a Normal Address with 0 MNEC.

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