Cryptocurrency originated from internet satire, memes, and jokes that have strong roots in the crypto world, making it one of the most interesting investments. The key motive behind the launch is to go viral and be heavily promoted over the social media platform. Creating hype, attracting individuals, and developing crypto as a common term is the main intention behind the launch. Mong Coin is one of the freshly arrived meme-inspired cryptocurrencies, promoting culture, positivity, and friendship.
What is Mong Coin?
Launched by an incoherent rambling of a US congressman in May 2023, Mong Coin conveys positivity and good vibes. The meme-inspired cryptocurrency holds foundational principles including playful meme culture, camaraderie, and positive ambiance. The coin is not very popular in the crypto world but holds the potential to take the industry on fire soon. Also, the intrinsic use cases of Mong Coins are limited as of now, hinting at more room to run.
The team behind Mong Coin hinted at new features which could potentially reward the meme-coin holders and investors. Developers also introduced a fresh token so-called Hamster coin, offering a complimentary trading coin to the current meme token.
MONG NFTs
Apart from the meme coin industry, MONG also created a strong position in the NFT space, holding a collection of 6,943 unique NFTs. The collection holds a wide range of traits including color, accessories, mouth, and background. MONG NFT project was launched in January 2022, holding uniqueness, cultural significance, variety, and connection to MongCoin. The collection of digital art best represents cultural movement, and hype, representing newness and challenges to societal norms.
The collection is available at some of the top NFT marketplaces like OpenSea, LookRare, etc. Individuals and NFT enthusiasts purchase these NFTs to represent individuality and cultural narratives.
Factors Influencing Mong Coin’s Price
Mong coin is one of the emerging tokens in the cryptocurrency, holding a strong future in the crypto industry. However, the cryptocurrency market is highly volatile, mainly influencing Mong Coin’s price. Considering this, the coin holds many of the risks and challenges.
Market volatility, high rivalry, regulations, and insufficient information are some of the key challenges of Mong Coin. The crypto market is becoming more competitive day by day with the arrival of new projects, making it difficult for Mong to sustain a strong position. Apart from this, Mong Coin also possesses some of the benefits, making it a stand-out performer in the crypto industry. The existing NFT collection focuses on humor culture and a wide variety of rewards to the NFTs and coin owners making MONG a key player in the game of crypto. However, the whitepaper and detailed information are not presented yet.
How to Buy and Sell MONG?
MONG, a coin splitting positivity and good vibes holds a total supply of 690,000,000,000,000 MONG with a circulating supply of 581,196,039,603,956 MONG. The coin can be purchased from some of the top cryptocurrency exchanges including Uniswap V2, HTX, Bitget, Gate.io, Uniswap V3, MEXC, etc.
Following the easy steps can make you a member of the Mong community.
Choosing a reliable crypto exchange, from the available options and creating an account over the same is the initial step of the buying process. While making a comparison, an individual can consider different factors like the transaction fee, customer support, compatibility with the coin, and payment mode.
Once selected, creating an account over the exchange and validating the same is the next step to follow. Verifying email, and photo ID, and entering personal details will validate the account. The next thing to do is to transfer funds via which the MONG Coins are mainly purchased.
Different exchanges offered different payment methods including credit/ debit cards, direct bank transfer, cryptocurrency, and online payment methods like PayPal. The mode of payment totally depends on the choice of the individual as well as the compatibility of the exchange with the particular payment mode.
However, if you are not a US customer, you can’t make a payment using the PayPal option as the payment is only accepted in the US. Here, you are also permitted to buy MONG Coin for any amount as there are no amount restrictions.
Once transferring funds to the exchange, the next step is to make a final buy, which requires following simple buying instructions. The purchased coins can be stored in the exchange’s wallet or any of the personal crypto wallets like Coinbase Wallet, MetaMask, or Trust Wallet.
Conclusion
Mong coin is one of the popular and emerging meme-coins in the crypto world spreading positivity and good vibes. Recognized position in the crypto world along with existence in the NFT space and offering a wide range of rewards and facilities makes MONG a key player in the crypto world. However, the detailed facts of the coin are not yet presented.
FAQs
When was Mong Coin released?
The stunning meme-coin so-called Mong Coin was released on April 23, 2023, to make the crypto universe positive and attractive.
What is the fee to buy a Mong Coin?
The fee for buying a coin depends on the Ethereum network fees and is influenced by many factors like transactions, network traffic, and time taken to complete the transactions.
How many Mong Coins are there?
Mong Coin’s circulating supply is around 565,800 Billion and the maximum supply is 690,000 Billion.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing
Source: https://www.thecoinrepublic.com/2023/11/15/mong-coin-mong-all-about-the-meme-inspired-cryptocurrency/