Monacoin, was born December 2013, is the first alternative cryptocurrency developed in Japan. It is based on the popular ASCII art character, Mona. Monacoin is not a payment system controlled by one single entity, but a fully distributed payment system preserved by everyone who uses it via client applications running on their computers.
While much of the world treats most cryptocurrencies as speculative ventures, Monacoin is a cryptocurrency popularized by the initiative of its community: it continues to be nurtured and built upon not by a core development team but by its enthusiastic user base. To give some examples, Monacoin users have brought up various kinds of Mona-based web applications and services, have erected shrines in appreciation of Monacoin, regularly play word games when tipping others (known as "monage" (モナゲ, lit. "throwing mona")), and otherwise use the coin in ways users of most other coins would never have thought of.
Through a process called "mining", coins are issued to users running programs to perform computational work. Since Monacoin's launch, Monacoin project has not set aside any coins for themselves (known as "premining") - in other words, the developer of the coin and all of its users all have had the same conditions for obtaining coins from the very beginning.
American Trade Exchange, Inc.
340 N Broadway
Green Bay, WI 54303
American Trade Exchange, Inc. doing business as Vertbase operates in full compliance with both federal and state laws and regulations. Vertbase adopts Anti-Money Laundering (AML) and Know Your Customer (KYC) policies to prevent and mitigate possible risk and violations. Currently Vertbase does not provide sales of virtual currency to residents from the following states: AK, CT, HI, IA, ME, NC, NH, NM, NY, RI, VT and WA State. We are in the process of reviewing and acquiring money transmitter license and bit-license requirements in those states and hope to be able to serve you in the near future.