Name: Monetary Unit - Making Crypto Accessible To All
Price Info: - https://coinmarketcap.com/currencies/monetaryunit/
MUE is a fork of the latest DASH code, and aims to make cryptocurrencies available to everyone beyond the current crypto community. They have a sustainable business model, wherein 10% of the newly minted coins are set aside for democratically approved projects. It’s also possible to trade forex with MUE. Some businesses already accept MUE as payment.
One of the early entrants in the cryptocurrency market was Monetary Unit altcoin. It was launched in mid-2014. The founders of the cryptocurrency present it as a decentralized, self-governed and self-sustainable project with long-term goals. The crypto whose ticker symbol is MUE is designed to be easily understandable to everyone. One doesn’t have to be tech-savvy to access or use this coin.
Unlike many of the major cryptocurrencies, MUE presents a unique business model where the community owns the management and voting rights. The coin is designed in line with the Master-Nodes-Model. The Master Nodes network helps in the management of pools of funds used to finance the project over the long term. The developers of the project set aside 10% of all newly created MUE coins for reinvestment purposes. This serves to make the project self-sustainable.
Like Bitcoin and many other cryptocurrencies, Monetary Unit coin is minable. However, mining does not require that one invests in complex and expensive power-consuming computers. Moreover, the developers migrated the crypto to Dash codebase. This codebase includes both the X11 mining also & and the use MasterNodes. The use of X11 allows MUE to reach a larger market of miners. Improved security and increased overall hash rate can be experienced with the new mining technique.
The MUE team has considered the effects of inflation on the crypto. They have estimated that inflation will be about 3% MUE per year. This will help promote the use and the distribution of the altcoin. They estimate that the inflation will happen at 40 MUE every 40 seconds from the day the project was launched and this will continue for the next 130 years. The other feature is that urgent transactions can be paid for instantaneously and it will be received and confirmed by the receiver using the InstantSend function.
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