HAPPY 1st BIRTHDAYMonetaryUnit was set up to offer an alternative to the seemingly endless release of scammy over hyped altcoins flooding the market.
The release, 26th July 2014, was done in a humble, open and transparent way, designed to deter bots and pump and dumpers, and try to attract sincere people interested in a new idea for an altcoin.
With initially very low block rewards, increasing slowly but surely over several months, and with a large pre-mine, all of which was intended to show this project was about long term sustainability.
The pre-mine has been completely and openly distributed, and also partially sold as an ICO to fund MUE projects and the coin is truly "in the wild".
40 coins are generated every 40 seconds on average, creating ~86,400 coins every 24 hours. MonetaryUnit is very much meant to reflect todays fiat financial system, and in that respect it is never too late to get involved.
Over the next few years inflation will settle to a healthy and sustainable 3-4% per year, which means long term there is only a very humble degradation in value of peoples MUE.
In response to this humble inflation, available now is
www.MUEBank.com offering savings accounts with 6.5% APR on their deposited savings. Whilst some may argue this is against the "decentralised" nature of crypto currencies, we would argue that we value our community and want to offer value added services to them.
We have active technical development lead by @UpgradeAdvice, and have launched our own "in house" android wallet. We are also actively developing and migrating current systems provided by previous 3rd party providers "in house", such as the multi-OS software wallet, block explorer
chain.MUEwallet.com, Paper wallet generator
www.MUEaddress.org and our own co-pay based web wallet
www.MUEwallet.com, which includes multisig options amongst others.
With several payment processors and merchants accepting MonetaryUnit (
http://www.monetaryunit.org/muestuff/merchants-and-retailers/ ), we are building a strong foundation from which to grow this coin into maturity, wider exposure and adoption.
1 year down the road from starting the MUE journey, I am happy with what has been achieved so far, and with this continuing forward momentum I think there will be plenty more to see with increased exposure and adoption, more services and infrastructure and this will be reflected in the long term price.
Thanks to all that are and have been involved and supported this project, and to newcomers, you are always welcome.