Moon crypto called Mooncoin was introduced into the market in 2013 by its founder, Deaconboogie. He declared Mooncoin a fair coin as it is structured to be mined by the people and for the people.
That way, everyone can participate in the mining process of Mooncoin, and because there was no pre-mining before its entrance into the market, everyone had equal access to the coin.
Mooncoin is therefore a proof of work (PoW) coin just like some cryptocurrencies. Deaconboogie said the coin was introduced to aid faster global microtransactions.
Mooncoin was listed on Coinex exchange the next day after its launch and eventually on Cryptsy. Now, the coin is currently traded in four active exchanges.
The coin has a recurring block speed of ninety seconds, a speed which is greater than that of various cryptocurrencies, Bitcoin included.
Mooncoin has often been closely compared with Dogecoin as both have a lot of properties in common. Both are PoW coins and conduct a faster rate of global micro-transactions.
The distinct feature however lies in the fact that Dogecoin is an inflationary coin while Mooncoin is a deflationary coin. This means the coin has a maximum limit on the number of coins per day and is a bit more stable.
Deaconboogie fell sick in 2014 and wasn’t actively involved to oversee the affairs of mooncoin and when nobody stepped up to the role, the coin experienced a downtime that is believed to have affected its community.
The community made efforts to replace the CEO but it didn’t yield the expected results. The mooncoin community then formed a team around their coin consisting of various experts from relevant fields, and the rest like it’s said is history.
The team together with the community has made decisions that improved the market value of the coin since its formation.
Buying the moon crypto involves the following easy steps:
- Click the ‘Buy Now’ button on the website
- On the page that comes out, fill in the fields
- Choose the cryptocurrency you want to buy and then input your Mooncoin address
- Also, fill in the checkout page accurately and then make payment using either a MasterCard or VISA card.
Mooncoin has a MoonWallet, an app through which one’s cryptocurrencies are managed. This wallet is accessible anywhere, it synchronizes speedily with the online platform.
QR codes can be scanned by the wallet to obtain addresses for transactions as well as have the option of generating its QR code too. This makes transactions easy and less tasking.
Creating an address with Mooncoin Wallet involves the following steps:
- Select the desired currency and click the Generate new address button.
- Print the Paper wallet that has a QR code that leads directly to your account.
- Then proceed to share your public address through which you send and receive coins.
- Safely keep the twelve-word digits that are generated, it is the private key to your wallet.
In case of phone loss or theft, the private key is a backup plan used to recover your wallet.
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