MobileCoin Hits Self Reported Market Capitalization of $7.17 Million (MOB)

MobileCoin (MOB) traded 6.9% lower against the U.S. dollar during the 24 hour period ending at 23:00 PM ET on June 17th. One MobileCoin coin can currently be purchased for $0.0966 or 0.00000148 BTC on popular exchanges. MobileCoin has a market cap of $7.17 million and approximately $42,975.06 worth of MobileCoin was traded on exchanges in the last day. In the last week, MobileCoin has traded down 0.2% against the U.S. dollar.

About MobileCoin

MobileCoin (MOB) is a SCP coin that uses the Blake2b hashing algorithm. Its genesis date was September 29th, 2021. MobileCoin’s total supply is 250,000,000 coins and its circulating supply is 74,218,324 coins. The official website for MobileCoin is mobilecoin.foundation. MobileCoin’s official message board is medium.com/mobilecoin. MobileCoin’s official Twitter account is @mobilecoin and its Facebook page is accessible here. The Reddit community for MobileCoin is https://reddit.com/r/mobilecoin and the currency’s Github account can be viewed here.

According to CryptoCompare, “MobileCoin is a privacy-focused cryptocurrency designed for fast, secure transactions on mobile devices. It was founded in 2017 by Josh Goldbard and Shane Glynn and is based in San Francisco. The MobileCoin protocol was open-sourced in 2020 and the network went live in December of the same year. It can be used to send and receive funds through the MobileCoin network and was recently integrated into the Signal encrypted communications app. To use MobileCoin, you need a MobileCoin wallet and MOB token, which can be purchased on their website. The MobileCoin network uses the Stellar Consensus Protocol and has 250 million MOB tokens, with more than 50% available for purchase on their website.”

Buying and Selling MobileCoin

It is usually not presently possible to buy alternative cryptocurrencies such as MobileCoin directly using U.S. dollars. Investors seeking to acquire MobileCoin should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy MobileCoin using one of the aforementioned exchanges.

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