MCNCOIN PriceMCN

What is MCNCOIN (MCN)?

MCNCOIN (MCN) is a cryptocurrency that launched in 2023, according to Coinbase listing data. It is based on the original Bitcoin Blockchain enabling technology, a foundation originally associated with the 2018 mCoin announcement. The project describes itself as building on a system designed to make cryptocurrency accessible beyond the domain of the internet, with the original mCoin positioning stating it was the first cryptocurrency accessible with SMS. MCN has a total supply of 12,000,000 tokens, all of which are in circulation. The token is available for swapping via Onchain and is tradable on major exchanges. MCNCOIN represents a later-stage iteration of a concept that originally aimed to serve users without reliable internet access through SMS-based wallet functionality powered by the ONEm platform.

Key Specifications & Tokenomics

• Name: MCNCOIN
• Ticker / Symbol: MCN
• CMC ID: 29212
• Official Website: mcncoin.io
• Launch Year: 2023
• Blockchain: Based on the original Bitcoin Blockchain enabling technology
• Total Supply: 12,000,000 MCN
• Max Supply: 12,000,000 MCN
• Circulating Supply: 12,000,000 MCN (100% of total supply)
• Category: Cryptocurrency
• Supply Cap (2018 mCoin): Not to exceed 32 billion MCN over 34 years

Who created MCNCOIN?

The original mCoin concept was associated with ONEm Communications, a high tech company based in London and established in 2012. Christopher Richardson, CEO of ONEm, was quoted in the January 24, 2018 announcement, stating that the company was very passionate about the inclusive nature of its services as they consider the needs of billions of people who do not have reliable or ready access to the internet. The 2018 media contact was Myhoa Tien. For MCNCOIN as it exists today, detailed public information about the current founding team and core developers is currently limited. The project's current website is mcncoin.io, and a whitepaper, source code, and explorers are linked on its Crypto.com price page.

How does MCNCOIN work?

MCNCOIN operates on technology described as based on the original Bitcoin Blockchain enabling technology. The original mCoin system was designed around SMS-based access, allowing non-internet users to access a virtual MCN wallet via SMS using the ONEm platform, giving them access to their mCoins without needing the internet or mobile data. The ONEm platform is described as an advanced platform supporting an ecosystem of services that works on any type of mobile without requiring data or Wi-Fi. The original mCoin followed a reducing supply algorithm, with total supply not to exceed 32 billion MCN over 34 years. The current MCNCOIN token has a fixed total supply of 12,000,000 MCN, fully circulating. MCN is available for swapping via Onchain, Crypto.com's official decentralised product, and is tradable on major exchanges.

What makes MCNCOIN unique and valuable?

MCNCOIN's original value proposition centered on financial inclusion. The 2018 mCoin announcement described it as the first cryptocurrency accessible with SMS, designed to enable the 3 billion people around the world who do not have access to the internet to participate in the digital revolution and acquire cryptocurrency. The project was powered by the ONEm platform, which reported reaching 261 million users around the world from ONEm-connected mobile networks in 13 different countries. This SMS-based accessibility, requiring no internet or mobile data, was the core differentiator. The current MCNCOIN maintains a fully circulating supply of 12 million tokens and is listed across multiple major exchange platforms, providing liquidity and accessibility to a broad range of traders. Its trading pairs span numerous fiat and crypto denominations, including MCN/USD, MCN to BTC, and MCN to ETH.

What is MCNCOIN used for?

MCNCOIN serves primarily as a tradable digital asset. According to the original mCoin positioning, mCoins can be used to carry out transactions with ONEm commerce services. The ONEm platform ecosystem supports a continually growing number of interactive content and applications. In its current form, MCN is available for swapping via Onchain and can be traded on major exchanges. The token supports a wide range of trading pairs, including MCN/USD, MCN to AUD, MCN to BRL, MCN to CAD, MCN to EUR, MCN to GBP, MCN to HKD, MCN to RUB, MCN to SGD, MCN to TWD, MCN to KRW, MCN to JPY, MCN to INR, MCN to BTC, and MCN to ETH. Recurring buy options are available on Crypto.com, and 3Commas offers DCA Bot, Signal Bot, and GRID Bot for MCN trading.

How Is the MCNCOIN ecosystem developing?

The MCNCOIN ecosystem has evolved from its origins as mCoin, announced in January 2018 from London via PRNewswire. The original project was powered by the ONEm platform and aimed to serve non-internet users across 13 countries. MCNCOIN launched in 2023, representing a new phase for the token. The ecosystem now includes availability on multiple major exchange platforms, swapping via Onchain, trading bots through 3Commas, and recurring buy options on Crypto.com. The project maintains a website at mcncoin.io and has a whitepaper, source code, and explorers available. However, the project has also faced regulatory scrutiny. In Kyrgyzstan, the Service for Regulation and Supervision over the Financial Market warned citizens against investing in MCN Coin, stating it had not undergone state registration and was not included in relevant registries. An investigation into activities related to MCN Coin is ongoing.

How to mine MCNCOIN?

Detailed public information about mining or staking mechanisms for MCNCOIN is currently limited. The original mCoin was described as following a reducing supply algorithm, with total supply not to exceed 32 billion MCN over 34 years, which suggests a controlled issuance model rather than a traditional proof-of-work mining structure. The current MCNCOIN has a fixed maximum supply of 12,000,000 MCN, all of which is already in circulation, meaning no further tokens can be mined or issued. There is no publicly available information confirming a staking program or mining process for MCN. Prospective participants should consult the project's official website and whitepaper for any updated information regarding token generation or network participation.

How to keep your MCNCOIN Coin safe?

Keeping MCNCOIN safe requires standard cryptocurrency security practices. Investors should use reputable wallets and enable all available security features, such as two-factor authentication and withdrawal whitelists, on any exchange accounts used for trading MCN. Because MCN is based on the original Bitcoin Blockchain enabling technology, users should ensure their wallet supports the relevant blockchain standard. Storing large amounts in offline or hardware wallets reduces exposure to online threats. Investors should also remain aware of the regulatory risks surrounding MCN. The Service for Regulation and Supervision over the Financial Market in Kyrgyzstan has warned citizens against investing in MCN Coin due to its lack of state registration and ongoing investigation. Bybit's risk disclaimer notes that investing in crypto-assets carries significant market risk, including extreme volatility and the potential loss of entire capital, and that nothing provided constitutes financial advice. Investors must independently assess their financial capacity and are encouraged to consult professional advisors.