As of today, the last reported MEC price is $0.001760. Megacoin's last market cap was $69,174. 24 hour MEC volume is unknown. It has a market cap rank of with a circulating supply of 39,304,038 and max supply of 42,000,000. Megacoin is traded on exchanges. Megacoin had an all-time high of $0.012580 over 1 year ago. Over the last day, Megacoin has had 0% transparent volume.
Megacoin altcoin is a new decentralized cryptocurrency created by Kimoto. Megacoin seems to be based of from New Zealand and it appears that it is not affiliated with the Kimdotcom's MegaUpload. Megacoin is the first coin to adopt the Kimoto Gravity Well which was created by Kimoto himself. The Kimoto Gravity Well is a difficulty adjustment formula that helps to adapt the coin's mining difficulty against the flucuation of mining power. This adaption is needed to alleviate against profit switching mining pools which would cause a sudden change of hashrate which also causes a sudden change in mining difficulty. Due to the effectiveness of the Kimoto Gravity Well, many other altcoins are inspired to create new difficulty adjustment formula or rather just adopt the algorithm into the codebase. As of the current design, there will only ever be 42 million Megacoins created.