Top 5 Cryptocurrency Projects from Japan
Japan has been most accepting of the blockchain technology ever since it was introduced to the general public. It has supported the citizens’ participation in the crypto sphere and recognises crypto currencies as commodities. Here is a brief look at the top 5 crypto projects that country has given to the world.
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Monacoin (MONA):
Advertised by the creators as the first Japanese cryptocurrency, Monacoin is a virtual currency that has been designed to enable p2p digital transactions. The idea behind the project is best understood in the terms that this coin is, more or less, Japan’s national alternative to Litecoin or Bitcoin.
Monacoin developed as a hard fork of Litecoin and has therefore managed to eliminate from its system features that were seen as a weak point of Litecoin. Monacoin is a fully-distributed payment system preserved by everyone who is a part of it. And Monacoin functions solely as a cryptocurrency and has been developed with the sole purpose of providing a better trading experience to consumers.
Token Value Information
Circulating Supply: 61,753,850 MONA
Market Cap: $96,187,096 USD
Current Price: $1.56 USD
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QASH (QASH):
QASH is the token of QUOINE which is a fintech company aimed at providing blockchain-powered trading, exchange, and next-generation financial services. The crypto project is aiming at solving the liquidity problems that affect the cryptocurrency market.
The project brings liquidity to the crypto sphere by offering a platform where users can easily purchase cryptocurrency with and convert it to fiat. The platform works primarily on two pillars—the World Book and the Prime Brokerage—to offer the greatest possible liquidity to users.
The World Book is responsible for compiling the orders and prices from exchanges all over the world into one order book which makes it easier for users the ability to use the fiat currency of their choice. The Prime Brokerage gives the user access to all the features of the World Book.
Token Value Information
Total Supply: 1,000,000,000 QASH
Circulating Supply: 350,000,000 QASH
Market Cap: $62,566,848 USD
Current Price: $0.178 USD
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ALIS (ALIS):
ALIS is a rather different cryptocurrency project which introduces a completely new social media concept which reveals and provides access to reliable articles, news, and people.
The ALIS project has been built with three features that the traditional social media lacks:
- High-quality articles that can be accessed easily and quickly.
- Reliable data with blockchain
- Value of platform determined by the users.
The project was inspired by the STEEM platform and was created to cater to the localized Japanese government.
Token Value Information
Total Supply: 75,209,200 ALIS
Circulating Supply: 38,805,316 ALIS
Market Cap: $2,006,954 USD
ICO Price: $0.2611
Current Price: $0.052 USD
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NEM (XEM):
NEM is a p2p cryptocurrency which allows multiple ledgers to coexist on one single blockchain. The essential feature of the platform is that it introduces a new kind of consensus algorithm—Proof of Importance. This consensus stresses on the idea that both the amount of network activity generated by a wallet and its corresponding token balance should be considered while trying to determine the contribution of a particular node.
The blockchain powers the Smart Asset System which is intended to be customizable and open blockchain for multiple use cases. The blockchain is secured and a global network of nodes processes the transactions allowing the developers to build blockchain-powered apps without having to run a special NEM software.
Token Value Information
Circulation Supply: 8,999,999,999 XEM
Market Cap: $870,740,779 USD
Current Price: $0.096 USD
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Cardano (ADA):
Cardano is a distributed computing platform that runs a decentralised public blockchain and cryptocurrency project. It is a fully open-source platform and is developing smart contract platform which can deliver advanced features.
Cardano is essentially a smart contract platform which focuses on security with a layered architecture. The network is being developed on two layers that separate the account value ledger from the reasons behind the moving of values from one account to another. This separation provides more flexibility to the smart contracts and allows businesses to tailor the design, privacy, and execution of each contract according to their specific use-cases.
Token Value Information
Maximum Supply: 45,000,000,000 ADA
Total Supply: 31,112,483,745 ADA
Circulating Supply: 25,927,070,538 ADA
Market Cap: $2,328,784,156 USD
ICO Price: $0.032 USD
Current Price: $0.089 USD
Read Top 5 Cryptocurrency projects in Healthcare
Hitesh Malviya is the Founder of ItsBlockchain. He is one of the most early adopters of blockchain & cryptocurrency enthusiast in India. After being into space for a few years, he started IBC in 2016 to help other early adopters learn about the technology.
Before IBC, Hitesh has founded 4 companies in the cyber security & IT space.
