Monacoin (MONA) is a decentralized, open-source cryptocurrency forked from Litecoin and launched in January 2014 in Japan.
WHAT IS MONACOIN (MONA)?
MonaCoin (MONA) is a decentralized, peer-to-peer cryptocurrency made in Japan. It is a fork of Litecoin and was designed to handle transactions faster, and with lower fees than coins like Bitcoin. The platform also offers an online shop in which users can sell real things and are paid with the cryptocurrency. The company behind it is backed by around $800 million and daily trading of coins worth USD 9.6 million.
MONACOIN (MONA): HISTORY
The company was founded in 2013 by Mr. Watanabe who then was just a visitor on the 2-Channel bulletin board. Since then the currency has become a kind of sensation in Japan and around the world. It is accepted as a valid payment in almost all Japanese stores, and even Twitter allows users to send contribution using it. The team behind it has also created monappy that helps extra functionality such as a web wallet.
HOW DOES MONACOIN (MONA) WORK?
Monacoin uses the Lyra2Rev2 algorithm, an algorithm it has used since the 450,000th block. It has also used the Dark Gravity Wave difficulty algorithm since that same block. SegWit was activated on block 977,760. The Monacoin blockchain has a block reward of 50 MONA, with a block time of 1.5 minutes. It re-targets every minute. It has a total supply of 168 million Monacoins. Today, there are about 56 million MONA in circulation.
HOW TO BUY MONACOIN (MONA)?
First of all, you need to create a MonaCoin (MONA) wallet for storing your coins safe. You can use MyEtherwallet to store your MonaCoin (MONA) coins as it is the easiest and most convenient wallet for you. In MyEtherWallet you can store any coin on the Ethereum blockchain, including MonaCoin (MONA). Then you can purchase Ethereum so that you can exchange it for MonaCoin (MONA).
MONACOIN (MONA) PRICE PREDICTION 2018
MONA can be a profitable investment option. MonaCoin price equal to 3.885 USD at 2018-03-16. If you buy MonaCoin for 100 dollars today, you will get a total of 25.742 MONA. Based on our forecasts, a long-term increase is expected, the price prognosis for 2023-03-10 is 10.038 US Dollars. With a 5-year investment, the revenue is expected to be around +158.41%. Your current $100 investment may be up to 258.41 in 2022. MonaCoin (MONA) price today is $6.24 and have the current supply of 58,096,700 MONA. The market cap value is $226,424,335 , and the volume is marked as $1,620,740.