What is the issuance and circulation of MONA coins?

As of August 2023, the circulating supply of MONA coins is approximately 85.6 million, representing 81% of the total supply, with the remaining coins yet to be released.

Oct 01, 2024 at 05:00 pm

MONA Coin Issuance and Circulation

MONA, short for Monetary Authority, is a cryptocurrency launched in January 2014. It is known for its focus on anonymity and decentralization.

Issuance

• Pre-mined: 50 million MONA coins were pre-mined during the launch.
• Proof of Work (PoW): All remaining MONA coins are issued through the PoW consensus mechanism.
• Halving: The MONA halving occurs every four years, reducing the block reward by half. The next halving is expected in 2026.

Circulation

As of August 2023, there is a total of 85.6 million MONA coins in circulation. The supply is expected to increase to 88.1 million by 2026 due to the halving.

Distribution

MONA coins are distributed through the siguientes channels:

1. Mining: Miners receive MONA coins as a reward for validating transactions and blocks on the network.
2. Exchanges: MONA coins can be purchased and sold on various cryptocurrency exchanges.
3. Wallets: Users can store their MONA coins in either hardware or software wallets that support the currency.

Supply

The maximum supply of MONA coins is 105 million. However, it is important to note that not all pre-mined coins have been released into circulation. The current circulating supply represents only approximately 81% of the total supply.

Conclusion

MONA coins were initially pre-mined but are now issued through a PoW consensus mechanism. The halving mechanism reduces the block reward over time, affecting the issuance rate. As of August 2023, approximately 85.6 million MONA coins are in circulation, with a maximum potential supply of 105 million. MONA coins can be obtained through mining, exchanges, or wallets and are distributed among network participants.