### What is MongCoin?

MongCoin is an ERC20 meme coin created in response to derogatory comments made by a US congressman about cryptocurrencies. It is uniquely connected to the MONGS NFT collection, which consists of 6,943 unique NFTs portraying distinctive mongooses. The primary goal of MongCoin is to foster community and promote meme culture.

### How does MongCoin work?

MongCoin operates on the Ethereum blockchain, utilising smart contracts to manage its supply and distribution. As an ERC20 token, it benefits from Ethereum's Proof of Stake (PoS) consensus mechanism for network validation. The token's functionality is governed by Ethereum smart contracts, which handle transactions and tokenomics aspects such as minting and burning.

### What are the potential use cases for MongCoin?

MongCoin has various potential use cases, including:

1. **Gaming:** Integrated into the DOE Rangers game, where players use $MONG and $KDOE tokens.
2. **NFTs:** Tied to the MONGS NFT collection, adding value and utility in the NFT space.
3. **DeFi and Liquidity Pools:** Can be used in DeFi platforms and liquidity pools for lending and borrowing.
4. **Community Engagement:** Features like JuiceBOT enhance interaction through points and rewards systems.
5. **Web3 and DeFi Applications:** Compatibility with Web3 wallets and dApps for broader digital finance usage.

### What is the history of MongCoin?

MongCoin was launched in April 2023 as a meme-based project tied to the MONGS NFT collection, which dates back to January 2022. Despite no formal team or roadmap, it quickly gained traction, with the NFT collection selling out in 17 minutes and the community growing to around 80,000 members by September 2023. Key milestones include exchange listings on MEXC_Global and expansions into merchandise, gaming, and Web3 integrations. MongCoin is set to transition to a more formal governance model, allowing holder-driven decision-making processes.

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