If the team conceived a swap of coins, which algorithm will now be used? I understand this will be some rebranding that is designed to attract attention to the project.
They will change to PoS. But the detailed hash function(X11, SHA Blake etc..) and detailed algorithm is not yet known.
I know that there was a tremendous impact on the market because of rebranding. However, some of the phrases have been modified strategically.
The team will continue to use the logo and the name monoeci. Based on the Principality of Monaco, the development team will try to use monoeciit closely in real life.
In fact, the reason for the swap is to include the smart contract function for crowdfunding in the Principality of Monaco. They continue to keep in touch with monoeci partners, such as Yacht vendor, local wine seller. A real estate company, etc.
The only thing that has changed is that the phrase "Cryptocurrency for monaco" is excluded.
That part has changed according to local government recommendations, as monacocoin has been renamed to monoeci.
When a developer is confronted with the government, they can not achieve the goal that they really want to do.-cryptocurrency for real life, based on local foundation.
See MONACO(MCO). The MCO changed its name because it eventually used the Monaco brand illegally.
Monoeci team could do things like ATM installation or Not changing phrase without following the government's recommendation. In the end, however, the project will not grow in the medium to long term.
So monoeci team changed the phrase according to the government's recommendation. It is not the level of rebranding that you often see in the world of cryptocurrency.
