Monacoin is the most established home grown Japanese crypto currency.
Many places in Japan accept MonaCoin as well as Bitcoin.
Japan's government is open to the idea of crypto currencies. Earlier this year, Bitcoin was legalised as a payment method and large retailers started accepting the crypto currency.
Since China announced closures of crypto exchanges, many traders migrated to Japan's exchages so now Japan is the largest crypto market, overtaking the US! This has shed more light on MonaCoin.
Looking at todays numbers and supply, MonaCoin could well be undervalued.
Here are some details on the coin on todays date 11th October 2017.
Circulating supply: 54 million
Total supply 104 million
Current market cap is $44 million
Current price $0.8258
Volume today has also spiked higher
MonaCoin successfully activated segwit before Litecoin did.
http://monappy.jp is a MonaCoin marketplace where MonaCoin is the currency of exchange. Here you can make purchases of many items in MonaCoin.
Find many stats on MONA at http://mona-coin.com
More links...
https://coinmarketcap.com/currencies/monacoin/
https://news.bitcoin.com/japan-endorses-11-exchanges-transitions-to-largest-bitcoin-market/
https://themerkle.com/top-5-cryptocurrencies-in-japan/
https://cointelegraph.com/news/japan-becomes-largest-bitcoin-market-as-traders-leave-china
Please check the very helpful video below for much more info..
For disclosure, I do hold some of this coin as I put my money where my mouth is :-)
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