What is a Monacoin block halving event?

Block halving events happen every 3 years or 1,051,200 blocks on the Monacoin blockchain. Bitcoin's initial block reward was 50 MONA. The current block reward is 6.25 MONA, the next block reward will be 3.125 MONA. This lowers the rate at which Monacoins are generated. The halving is periodical and is programmed into Monacoin's code.

Why was this done?

Conventional FIAT currencies are subject to inflation due to the ability of governments or banks to increase the money supply. Unlike these currencies, Monacoin has a capped total supply of 105,120,000 MONA, meaning no additional coins can be created beyond this limit. This finite supply, alongside potential changes in demand as more people adopt Monacoin, positions it similarly to gold - a resource with a limited supply that cannot be artificially increased.