This project from 2013 boasts a surprising number of loyal followers. That's good news for a community coin, but for investors, the benefits likely stop here. The supply for MOON is through the roof.
While that is by design, it does not make for a great buy and hold opportunity since it will be difficult for the value to rise with so many in circulation. One of the main ideas behind the project is that it will allow people to continue to mine this currency well into the future without getting pushed out by large-scale operations.
While there isn't a whole lot that is exciting about owning a Mooncoin investment if you're not a miner, they do have a couple interesting initiatives. These include a social media type of program which rewards people for their likes and even an education program which will pay out rewards to students in cryptocurrency for achieving good grades.
The project does have its merits, and it may be worth digging a little deeper, especially if you're keen to learn how mining works, which all cryptocurrency enthusiasts should give a shot at one point or another.How to buy?
Potential investors can buy Mooncoin on just one exchange, and that should give you at least a moment of pause. Investing in assets which hold a low number of exchange partners can be dangerous. Especially if it's only listed on lesser known exchanges, as they can close up shop overnight sometimes. This could leave you holding a homeless asset, which is obviously not a great situation to be in. The trading volume is also pretty small here, giving more cause for concern. Doge is the highest value trading pair, which is not surprising. This pairing is common for low cap coins.
If you're looking for a place to store your coins safely, then you'll need to head to project's official website in order to get the wallet download. They have wallets available for Windows and Linux on the client side, but there are also mobile wallets and even some online wallet options if you would prefer to use those instead. Whenever you create a new wallet it's important to make sure you protect it with a strong password and you immediately create a backup for safekeeping.