MonacoCoin is an initiative developed in the country of Monaco. The currency is forked off the Dashcore blockchain. Developers are aiming to take Monaco to new heights in the field of cryptocurrency, using the MonacoCoin. The currency is famed for its decentralization as well as its security. Currently, each XMCC token is available for under USD 10.00 offering a superb opportunity for investors. There is plenty of other reasons to choose the MonacoCoin, for online trade and for investment.
The promoters are aiming to benefit businesses in Monaco with the creation of this currency. In particular, they aim to help small businesses utilize the strengths of the blockchain. The goal is to make offline and online transactions easier, with the use of the currency. Blockchain has become widespread with many retailers, owing to fast transactions and lower fees. The peer to peer transactions do not need an intermediary, and this does away with costs and delays. The small business community in Monaco was felt to be in need of a reliable blockchain based currency, and this led to the MonacoCoin being developed.
Users can purchase the MonacoCoin in exchange for bitcoins, doge, litecoin and US dollar through Coinexchange and Cryptopia. The currency can be stored on a desktop wallet. An open source code is also offered to developers. The MonacoCoin can be mined through block explorers. Joining a mining pool will help you further earn tokens. Since the currency is in the initial stages of development, there is plenty of opportunity for investors.
The MonacoCoin targets the business community in Monaco. Thus for vendors and buyers in the country, it can open the gates to blockchain prosperity. The currency can be bought on major exchanges. Also, there is a support forum for users, since the goal is to ensure that people who have never used digital currency find the transfer easy and practical. Users can also subscribe to the social media channels and newsletter offered by the promoters. As the currency becomes more widespread, it is expected to generate worldwide user interest. This will further benefit vendors in Monaco. As a matter of fact, the promoters also have a section devoted to tourism in the country and this is an indicator that the currency will open new markets for users. There are further developments being planned, and this will enhance the applications and technology behind the currency.
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