About MonaCoin (MONA)
MonaCoin (MONA) , conceived in the December of 2013, is the first alternative cryptocurrency developed in Japan. It is based on the popular ASCII art character, Mona. is not a payment system controlled by one single entity, but a fully distributed payment system preserved by everyone who uses it via client applications running on their computers. While much of the world treats most cryptocurrencies as speculative ventures, is a cryptocurrency popularized by the initiative of its community: it continues to be nurtured and built upon not by a core development team but by its enthusiastic user base.
MonaCoin (MONA) To give some examples, users have brought up various kinds of Mona-based web applications and services, have erected shrines in appreciation of , regularly play word games when tipping others (known as “monage” (モナゲ, lit. “throwing mona”)), and otherwise use the coin in ways users of most other coins would never have thought of. Check out this video for more info (contributed by a user).
MonaCoin (MONA) While the main client has been developed by project, has not, and will not, issue or otherwise manage any of the currency. also has no relation to any current or previous members of 2channel (now 5channel) management nor its associated companies. * Checkpointing was introduced in version 0.16.2 to prevent various attacks on the coin’s blockchain. This function is non-mandatory and can be disabled by the user at any time.
Coin (MONA)Since launch, has not set aside any coins for their selves (known as “premining”) – in other words, the developer of the coin and all of its users all have had the same conditions for obtaining coins from the very beginning (this can be confirmed by anyone by inspecting the blockchain).
MonaCoin (MONA) Storage Key Points
|Circulating Supply||65,729,674.87 MONA|
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
|Twitter Page||Click Here To Visit Twitter Group|
|Official Project Website||Click Here To Visit Website|
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MonaCoin (MONA) Mechanism
MonaCoin (MONA) tokens are the basis of the internal economic system of and are the equivalent of all services implemented on the platform. They serve as a special unit of account and are used to pay platform fees. By purchasing NWC tokens, the user gets access to the functionality of the platform and highly liquid instruments with increasing value. NWC tokens are a universal cryptocurrency that acts as a medium of circulation in the internal ecosystem of and at the same time can be freely exchanged for fiat money and other cryptocurrencies. Users can buy and sell NWC tokens, while the value of the token remains connected to the supply and demand on the open market. When building the economic model, a deflationary model for regulating the token rate is applied, which allows ensuring stable demand and balance the internal processes of the platform. The internal circulation system was balanced based on the monetary exchange equation: