Mooncoin (MOON) – All you need to know

What is Mooncoin? We tell you all you need to know

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Mooncoin is a cryptocurrency that is primarily employed for making micropayments. It is based on the proof-of-work consensus model.

The organization that is behind Mooncoin has the goal of ensuring that the cryptocurrency can be used safely and without difficulty by anyone. Due to the fact that MOON was conceived primarily for frequent microtransactions on a global scale, the total supply of its coins is capped at 384 billion. This figure was arrived at through the process of assigning one coin to each millimeter of distance that separates the Earth and the Moon.

At this time, the market capitalization of Mooncoin is somewhere between 7-9 million USD. The value of the currency sees daily investments of between $4,000 and $8,000 USD.

Coin Project

Mooncoin is a Proof of Work (PoW) coin, similar to Bitcoin and Litecoin, but it has a quicker rate at which blocks are generated on a recurrent basis. Since it was launched in the latter half of 2013, it can be considered one of the more seasoned players in the cryptocurrency industry. 

Our long-term goal is to develop new uses for an existing Blockchain technology while simultaneously expanding its capabilities. This will allow us to build a community that supports collaborative endeavors in the fields of science and education.

The Moon ecosystem intends to function as a platform for conducting monetary transactions in a quick and secure manner. Based on this platform, novel, game-changing initiatives will be able to be implemented and carried out.

Beginning in 2016, a number of different attempts were made to find a new primary developer to take over for their absent founder. After those initiatives were unsuccessful, a number of influential members of the Mooncoin community launched an earnest grassroots-led reorganization effort, which is still ongoing to this day.

Mooncoin is a decentralized cryptocurrency, and they make every effort to ensure that it remains that way. At the same time, they make responsible decisions regarding key aspects of the project in order to guarantee stable governance.

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FAQs

Where can you buy Mooncoin?

CointoPay and Unnamed.Exchange are both places where you can buy Mooncoin right now. Be aware that many different exchanges allow you to trade using different trading pair options, such as Bitcoin, Litecoin, and DOGE, amongst others.

It could end up saving you money if you spend a few extra minutes analyzing and contrasting the various trading pairs. In addition, Mooncoin can be traded directly between users on a peer-to-peer (P2P) basis.

It is possible for any two parties who each hold Moon in a private wallet to directly transfer it to one another without there being any additional steps involved. It has a very low cost, can be paid for quickly using a credit card, and has a high level of safety.

Can you mine Mooncoin?

The Moon cryptocurrency is a Proof of Work token, and as such, it can be mined.

Because a typical computer’s graphics processing unit (GPU) is unable to perform this type of specialized processing, it is strongly recommended that miners invest in ASIC mining hardware.

It is also recommended to join a mining pool as opposed to mining independently due to the fact that the rate of return from mining pools is typically higher.