What is Cryptocurrency Monacoin? Introduction to its Features

When thinking about Japan’s domestic cryptocurrency, Monacoin is No. 1. Let’s take a dive and see what this coin is.

What is Monacoin

Monacoin (Symbol: MONA) is a community-type domestically produced cryptocurrency originating from the giant on-line bulletin board group, 2 Channel (now 5 Chan). Its origin was inspired by the overseas originating Dogecoin, and it began with the slogan on 2 Channel, “We will also make cryptocurrency.” Dogecoin uses a character of a shiba inu dog, while Monacoin uses an image of the cat character “Mona.”

MonacoinとDogecoin

Monacoin(左)とDogecoin(右)

Mona is a character that was once used in ASCII Art (AA) on 2 Channel. In 2 Channel, AAs such as cat “kitty” and bear “Kuma” have also appeared besides Mona.

モナーのアスキーアート(AA)

モナーのアスキーアート(AA) カオモジCHANNNELより

Monacoin officially launched on January 1st, 2014, and at the beginning it was used as a prize for ‘Okiri’ as a storied coin or used for receiving bargains. Monacoin, originating from such storied reticence, is currently ranked 85th on Coinmarketcap as of January 8th, 2019.

Monacoin(MONA)の時価総額 - 2019年1月8日時点

Monacoin(MONA)の時価総額 – 2019年1月8日時点

For the current price of Monacoin, please see below.
https://coinmarketcap.com/currencies/monacoin/?utm_medium=widget&utm_campaign=cmcwidget&utm_source=coinmarket.media&utm_content=monacoin

Features of Monacoin

No ICO Pure Mining Domestic currency
Monacoin was issued without an ICO. Launching on January 1st, 2014 Monacoin’s issued number increases daily due to mining and a total of 105,120,000 MONA will be issued.

It can be used for online payments and shops in Japan
Monacoin can be used for settlement online and for real shops in Japan. Users can search for shops that accept Monacoin at Monazon.jp, but the number is only around 30 shops as of January 8th, 2019.
Search for shops that accept Monacoin – Monazon

Major cryptocurrency exchanges that trade Monacoin

Official information of Monacoin

Summary

Monacoin is a domestic cryptocurrency originating from 2 Channel (now 5 Chan).
Increased by mining, it can be used for small payment applications as cash.