MonaCoin (MONA) is an open-source decentralized cryptocurrency and a peer-to-peer (p2p) payment network. Launched in January 2014 with no pre-mine process, MonaCoin is built on an algorithm called Lyra2RE (v2), and is based on a hard fork of Litecoin.

The MonaCoin payment network is entirely decentralized. Like most decentralized projects, it doesn’t belong to one single person, but belongs to all users. Moreover, the peer-to-peer technology behind MONA makes the platform independent and self-governing. New coins are issued collectively with the users of the system as payment for mining.

Miners earn 25 coins for every 90 blocks processed; block generation time is 1.5 minutes and mining difficulty depends on each block.

The MonaCoin community is the most active and engaged cryptocurrency user association in Japan with impressive support from local investors and crypto enthusiasts. The project gained public attention when it was featured on the WBS TV Network Tokyo, which presented the story of a man who bought a piece of land in Nagano with MonaCoin.

Who Are the Founders of MonaCoin?

MonaCoin was launched on January 1, 2014, based on a cat-like internet meme -- specifically, the popular ASCII art character, Mona.

MONA is the first alternative cryptocurrency developed in Japan. The project was created covertly by a user named 'Mr. Wantanabe'. As of October 2021, the development team remains completely anonymous. There is no information about the founder, no details about the number of participants as well. The names, photos or social media pages of the MonaCoin team are not available.

What Makes MonaCoin Unique?

MonaCoin (MONA) is a cryptocurrency developed in Japan that has earned a reputation and has gathered a community of fans mainly in its homeland. Due to the formidable fanbase, MonaCoin users managed to create several MONA-based web applications and services, which significantly increased the utility of the project.

The all-time high of MONA was 20.23 USD on 2017-12-06, from which the coin is now down 98.85756659557093%. The all-time high price of MonaCoin (MONA) is 20.23. The current price of MONA is down 98.85756659557093% from its all-time high.

As of , there is currently 65.73M MONA in circulation. MONA has a maximum supply of 105.12M.

The current market cap of MONA is 15.19M. It is calculated by multiplying the current supply of MONA by its real-time market price of 0.231114277716.

The all-time low of MONA was 0.0195994 , from which the coin is now up 1079.1905758135454%. The all-time low price of MonaCoin (MONA) is 0.0195994. The current price of MONA is up 1079.1905758135454% from its all-time low.

MonaCoin (MONA) has a market capitalization of $15.19M and is ranked #998 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze MonaCoin (MONA) price trends and patterns to find the best time to purchase MONA.