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Monacoin is a decentralised, open-source cryptocurrency forked from Litecoin and launched in January 2014 in Japan. Compared to its parent, the total coin supply is set to four times that of Litecoin (105 million), while the mining difficulty is re-targeted every block using the Dark Gravity Wave difficulty algorithm. The coin's block time generation of 1.5 minutes is faster than Litecoin's 2.5 minutes. Monacoin was launched with a 0% pre-mine.