Written by: Shania Nischel

As we all know that Japan being a Japan is known for its power of technology . Japan have not only proven as not only the fastest growing and but , better than any other country in the name of technology . People here not only work hard for their goals , but also prove to the fastest productivity with innovative technology.

And when talk about cryptocurrency we only get the world known crown king ” Bitcoin ” but wait there is more of it . Monacoin was born in 2013 from 2channel forum which is widely used in Japan. Monacoin was created by “Mr Watanabe ” pseudonymous identity which was never revealed . Japanese community say he also own monacoin pool for mining.

Japanese are pretty dedicated towards their work whether it is to create something powerful or for the fun activity. Monacoin was basically created to appreciate people work on forum so , that people keep getting engage in the activities on what they do and what they love to do. It was ” Token of Appreciation of Work ” and it does go pretty well . People start loving it , as they started to accept it as form of virtual currency next to bitcoin. Monacoin is being accepted in various restaurants in Japan and for online services as well .

The phase of spreading Monacoin

At the japanese largest comic Exhibition, Comiket in summer, Monacomi (Monacoin + comic) was issued. Participation by 17 painters, donation of 46 people. Total contribution 18,426 mona 300 copies free distribution + 30mona gifts.

2) Total contribution is 15758.574 MONA / 73 people

Lots of distribution was done through this phase people started liking it and monacoin development was begin . A small game was also built during this time to make it a fun activity . Below is the video

Development Phase

The development team have put monacoin for a lightning network testing and is currently in practice by the community members .You can also use shapeshift for swapping your coins instantly with your bitcoin . Monacoin is the only digital coin next to bitcoin which is being accepted in japan for images , comics , digital goods , repairing services as well .You can also make payments through monacoin on e-commerce sites . The most famous monappy.jp . They also provide wallet to store your monacoin . Twitch channel owners are also accepting monacoin for their work on their channel.

Websites like monappy , bitcoinmall have contributed a lot to monacoin community.

Bitcoinmall is one of the biggest sites which are accepting monacoin and bitcoin for purchasing items , like Television , PC , hardrives and all the digital gadgets you can think off. It is really big achievement for Monacoin . If you compare to hundreds of other coins which are being rolled out just only because of the concept and people are working ICO’s spending on their ideas only.

Just think of it Monacoin have not all proven itself as perfectly working model but also working as digital mode of payment alongside bitcoin in Japan. Monacoin deserves to stay long and working on each development phase to eradicate every possibility of vulnerability .

Recent Update

Recently a new shop have implemented monacoin as part of their payment system for their products . If you own monacoin you can purchase gadgets by physically visiting there and spending on what you like for you entertainment famous brands likes Asus , Intel and High end PC’s are available for purchase through Monacoin. It’s a very famous shop in Akihabara ( Japan) ARC . You can also visit their website for the purchase.

Monacoin rally

The most awaited event for monacoin is “Monacoin rally” . It’s ongoing and the famous pc parts shop ” ARC ” which is very famous in Akhibara ( Japan) is part of it. Rally duration 1st August 2017 to 31st August 2017 . You can read the English translation for participation in monacoin here .

“Monacoin is a not just cryptocurrency for japan , it’s another way of accepting love from others in Japanese and it’s totally kawaii “

I would like to thank Monacoin Community for Helping in research on monacoin and “Misonikomi” for doubts and deep discussion on this .