MonaCoinMonaCoin price
MONA

$0.4057

0.92% (1d)

MonaCoin to USD Chart

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MonaCoin statistics

Market cap: 0.92%
$26,666,747
Volume (24h): 99.31%
$158,994
Volume/Market cap (24h): 0.60%
Circulating supply: 65,729,675 MONA
Total supply: 65,729,675 MONA
Max. supply: 105,120,000 MONA
Fully diluted market cap: $42,647,533

Official links

Socials

Rating · Based on 2 institutional ratings

3.7

Network information

Chain explorers

UCID

213

MONA to USD Converter

MONA

USD

Price performance

24h

Low

$0.3971

High

$0.4087

All-time high

Dec 06, 2017 (6 years ago)

$20.23

-97.99%

All-time low

Jan 14, 2015 (9 years ago)

$0.0196

+1969.98%

See historical data

Popularity

In watchlists15,763x

1492nd / 8.9K

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MonaCoin news

About MonaCoin

What Is MonaCoin (MONA)?

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.

Distinctive features of MonaCoin include:

Fast transaction processing. The blocking time for MONA is 1.5 minutes. Plus-- MonaCoin supports both public and private transactions.

Widespread deployment. The cryptocurrency has existed since 2013. Therefore, over the years, MONA has pursued the goal of becoming a convenient and inexpensive cryptocurrency for the Japanese audience.

Dedicated community. MonaCoin is supported by its community, relying primarily on its supportive and loyal users, in contrast to projects that rely on the support of an outside development team and third-party system.

MonaCoin is a hard fork of Litecoin, and Litecoin is a hard fork of Bitcoin, however, MonaCoin has a much larger circulating and maximum supply than Bitcoin and Litecoin. Moreover, MonaCoin operates on its own hashing algorithm.

MonaCoin (MONA) uses Dark Gravity Wave (v3) and Lyra2RE (v2) algorithms to ensure transparency, fairness, and safety.

Read about Dogecoin (DOGE) and SHIBA INU (SHIB).

Read about Hoge Finance (HOGE) and TacoCat Token (TCT).

Learn more about SafeMoon (SAFEMOON).

What are Peer-to-Peer (P2P) networks? Find out with CMC Alexandria.

How Many MonaCoin (MONA) Coins Are There in Circulation?

MonaCoin (MONA) is a meme coin with real-world use. The project combines decentralization and a convenient payment system with instant transactions.

The maximum supply that will ever be released to the market is 105,120,000 $MONA (physical and digital). MonaCoin doesn’t have a pre-mining process, so developers and users are on equal terms to receive MONA. Tokens can be mined via special mining software; coins can be purchased from major cryptocurrency exchanges.

MonaCoin uses Lyra2RE (v2) and Dark Gravity Wave (v3) algorithms to provide fair mining opportunities, success rates and increasing difficulty levels with every new block. Every 1.5 minutes, 25 MONA is mined and miners earn 25 MONA for every 90 blocks processed.

MonaCoin has been approved by Japan's Financial Services Agency.

How Is the MonaCoin Network Secured?

Monacoin uses the Lyra2RE (v2) Proof-of-Work algorithm for block approval, and PoW is the same system on which Bitcoin (BTC) is based. On top of that, Monacoin (MONA) can be safely stored in the following Hardware wallets: Ledger Nano X and Nano S.

The company has been in the cryptosphere since 2014 and has already secured the support of a huge fan base centered in Japan. The users are aware that the team is anonymous, but are confident in its security. MonaCoin was launched without pre-mining, so there are no hidden coins that the team can use in the future and dump on the market. Furthermore, over the years, MonaCoin has established itself as a reliable project that has never suffered from a hacking incident.

Where Can You Buy MonaCoin (MONA)?

Ways to get $MONA:

You can buy Monacoin on the crypto exchange where the coin is listed; MonaCoin works on the Lyra2REv2 algorithm, therefore, it can be mined using video cards (GPU).

MonaCoin (MONA) can be purchased and traded on crypto exchange platforms in Japan and beyond, among them: Zaif, bitFlyer, Bittrex, ProBit Global, Bitbank, CoinEx, Dove Wallet, CROSS exchange, Crex24, VALR, and Finexbox.

Discover the latest news and crypto insights with the CoinMarketCap blog.

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MonaCoin Price Live Data

The live MonaCoin price today is $0.405703 USD with a 24-hour trading volume of $158,994 USD. We update our MONA to USD price in real-time. MonaCoin is up 0.92% in the last 24 hours. The current CoinMarketCap ranking is #644, with a live market cap of $26,666,747 USD. It has a circulating supply of 65,729,675 MONA coins and a max. supply of 105,120,000 MONA coins.

If you would like to know where to buy MonaCoin at the current rate, the top cryptocurrency exchanges for trading in MonaCoin stock are currently CoinEx, bitFlyer, ProBit Global, Bitbank, and VALR. You can find others listed on our crypto exchanges page.

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