MonaCoin (MONA) is a decentralized cryptocurrency and peer-to-peer payment network launched in January 2014, based on a hard fork of Litecoin. The project is fully decentralized and operates on an algorithm called Lyra2RE (v2). MONA has a maximum supply of 105,120,000 coins, and new coins are issued collectively with the users through mining. The MonaCoin community is highly engaged and active in Japan, where it has gained popularity and support. The project is known for its fast transaction processing, wide deployment, and dedicated community. MonaCoin can be purchased, traded, and mined on various cryptocurrency exchanges globally.
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