The following is not financial advice.
Welcome to back The Scoop!
This is the next post at a place where we share analysis and opinions for interesting coins, tokens and pure gems in the vast landscape of the blockchain world. There's so many coins out there, but not a lot of free information (looking at you, paid groups) and analysis on them. The Scoop aims to change that by sharing and improving the data available for a given coin.
What is MonetaryUnit?
MUE is meant for safe and fast payments. It's focused on actual utility and has quite a growing community to go with it's commercial arms (MUEX, StartMy and MUEgs). Decentralized governance, efficient mining and a committed team make this coin worth one's attention.
Also, you can purchase shares of masternodes to receive dividends without having to run one yourself:
https://mymue.com/Masternodes/Index
Quick Technicals
Algo: X11 / POW
Block time: 40 seconds
Block reward: 40 MUE (45% to miners, 45% MNs, 10% budget allocation)
Masternodes: 500k MUE
Masternode shares: 10k/share
Where's the wallet?
https://github.com/muecoin/MUECore/releases
Along with the whitepaper/overview doc:
https://docs.google.com/document/d/12-hznqKYqMRDnEiPcHy_GNpo4LVFSFBNzr6JuJRmXLc/edit
How many of them are they?
CMC says ~121m circulating supply and max 4b (over 120 years).
Who's the team?
IT, Ops and Crypto/Blockchain experience along with Business Development roles.
Also they've acquired some top talent in @notsofast as Finance Director.
How is MUE different?
It's been around since 2014, started small and has morphed into a player in the industry.
Pros
- solidified team
- interesting projects
- masternodes/shares
- growing adoption
- cool factor
Cons
- needs to keep momentum
- past network issues
Where is it traded?
Bittrex has most of it's volume with CryptoBridge (BridgeCoin's market) rounding out second place.
https://coinmarketcap.com/currencies/monetaryunit/#markets
The Final
Based on the FA, MUE looks like a low risk with medium to high reward potential if they continue momentum and build up key partnerships for adoption. Picking it up under 2k sats would be bargain or around 40-50 cents would be an upper entry while still expecting solid, crypto-style gains.
And that's your scoop!