What is MonetaryUnit (MUE)?
Future of MUE Cryptocurrency and know how to buy MUE

#1 - What is MonetaryUnit?

  1. MonetaryUnit is another decentralized and self-governed cryptocurrency with an open-source architecture. Working on a mature ecosystem of 4 years in the crypto market, the currency is driving forward at a good pace.
  2. The coin’s primary objective is to make cryptocurrency available to everyone and break the technological constructs around its usage. Its algorithm, therefore, allows the users to mine the coin from any standard computer without employing any complex technology or hardware.

MonetaryUnit Development

The company started out in 2014 as one of the earliest cryptocurrencies with its altcoin MUE. Its chief focus has been on increasing the accessibility of cryptos among the masses. The community and the project team has been working on a number of innovations to keep the currency on an upward graph ever since its foundation.

 

#2 – What are the benefits of MonetaryUnit?

MonetaryUnit Technology

  1. The technological infrastructure of MonetaryUnit is comprised of two layers: Mining and Masternode.
  2. The mining layer, also the principal layer, performs the validation scan and ensures that all the transactions are fair.
  3. The masternode layer, at the same time, scans miners’ activities to check their legitimacy.
  4. Both the layers work in tandem to certify the security of transactions made on the MonetaryUnit platform.
  5. The MonetaryUnit portal also administers its operations through its own funds. 10% of all MUE coins mined are stored in a block and then used for the project’s development and administration. When any user wants to make expenditure from this fund, a budget proposal is made and stakeholders are made to vote. If the proposal is passed, the funds are released through SuperBlock.

Features

  1. Easy Mining: One of the principal features of MUE is its effortless mining facility. You can mine this altcoin even without complex and expensive systems.
  2. InstantSend: MonetaryUnit allows the users to send and receive instant payments through this feature. All urgent transactions can be made using this function.
  3. Preferential Pricing: MUE provides discounted prices for goods and services purchased via MUE coins on its partnered platforms . One such platform is MUEX.
  4. Community and MUE Team: A major contributor in MonetaryUnit’s growth is its dedicated community and experienced project team working hand in hand for future developments.
  5. Economic Growth: MUE’s focus is on the growth of the economy via maximizing cryptocurrency adoption and usage.

 

#3 – How to buy and store MonetaryUnit?

MonetaryUnit is available for purchase on major exchange platforms like Bittrex, CoinExchange, AskCoin, Yobit, and Bittylicious. You can trade MUE coins for BTC or ETH on these cryptocurrency exchanges.

  1. CoinSwitch, as the largest cryptocurrency conversion platform, offers you to exchange your cryptos for MonetaryUnit. You have the option to go through over 45,000 pairs of crypto exchange to choose your preferred one.
  2. What’s more - with CoinSwitch, you do not rely on a separate wallet from the exchange to store your MUE cryptocurrency. Instead, all transactions happen to and from your own personal private wallets.

Storage

Storing MUE coins is easy. The best means of storage for this altcoin is its official wallet. Download it from the website and follow the prompts to set up the wallet. Once it is done, add some BTC or ETH in order to make the exchange. After adding the cryptos, you can trade MUE coins and your safe storage is ready. Hardware wallets like Ledger Nano S are also an option for storing the coins.

 

#4 – What is the future of MonetaryUnit?

  1. The cryptocurrency aims to involve more and more people in the crypto market. It works without any central server or governing authority. Therefore, its growth is entirely dependent on its users and investors. MUE’s future lies in its claim for easy attainability of cryptos.
  2. For the future, MUE is introducing X11 mining algorithm in its infrastructure. This will increase the currency’s reach among the miners. It will simultaneously also enhance the network security and overall hash rate. This algorithm will also increase the difficulty level for mining MUE, thereby, maintaining a balance in its availability.
  3. The coin has been planned for the future and is available for the next 130 years for mining.

Also Read: Complete Analysis of MonetaryUnit | Live MonetaryUnit (MUE) Price Charts And Predictions

Price History

Date

Open

High

Low

Close

Volume

Market Cap

July 01, 2018

0.065258

0.067095

0.063733

0.064474

29,333

8,782,580

June 01, 2018

0.100745

0.102944

0.098801

0.100812

73,929

13,340,000

May 01, 2018

0.123448

0.140040

0.119710

0.131716

853,746

16,067,200

Mar 01, 2018

0.136380

0.162690

0.134998

0.159917

608,778

17,141,500

Dec 01, 2017

0.149665

0.159075

0.138213

0.158393

184,569

17,814,800

Aug 01, 2017

0.087407

0.094720

0.079507

0.091413

33,803

10,998,600

 

#5 – How is MonetaryUnit different from other cryptos?

In comparison to other cryptos like Ethereum and Bitcoin, MUE does not stand tall. However, it does offer certain unique features:

  1. Its software wallet offers much better performance than other major cryptocurrencies like Bitcoin. It works on a stable network and processes the transactions comparatively quicker.
  2. User anonymity with the PrivateSend feature is another key point that helps conduct private transactions.
  3. Only a few cryptos use the combination of mining and masternode to provide an optimal security setup to their users.
  4. Its self-governing and self-sustenance model is also a stand out feature in the cryptocurrency market, even though there are a few other cryptocurrencies that function on the same model.

 

#6 – Should you invest in MonetaryUnit?

  1. MonetaryUnit was launched about 4 years ago. The fact that it is still struggling to increase its mining rate hints at its substandard performance. The number of MUE users is also not a great stat.
  2. The crypto is, however, looking to create partnerships with online wallets and exchange platforms to increase its coin’s strength. Its USP of making cryptocurrencies usable for newcomers will also attract users with the rise in the usage of digital money.
  3. It works without block halving and a 3% inflationary pressure, indicating a good value for a long-term investment.
  4. Its circulating supply as of July 2018 is 135,295,405 coins with a market capitalization value of $8.5 million.
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