Mongoose 2.0 (MONG 2.0) is a cryptocurrency token, part of a project initiated by the community that held the original Mongoose Coin. The token was created in response to the perceived inaction and mismanagement by the original Mongoose Coin development team. This initiative was spurred on by the community's desire to reclaim and revitalize the project. The MONG 2.0 token operates with a tax structure of 6% on buys and 9% on sells, subject to changes due to community decisions​.

The MONG 2.0 project is a community-driven movement, focusing on a democratic decision-making process. The project intends to give the community the power to propose and decide the future of the token, with voting conducted through CollabLand Snapshot. This empowerment of the community is a core aspect of the MONG 2.0 project, as it was conceived to rectify the perceived failings of the original Mongoose Coin project.

While the original Mongoose Coin project had a development team, the MONG 2.0 token was created by the community that originally held the Mongoose Coin. These community members took it upon themselves to learn Solidity and deploy a contract that aligns with the sentiment and movement they wanted to preserve from the original project. The new contract was launched stealthily, with no team tokens, and liquidity was locked for six months to facilitate the token's launch.

The official Mongoose 2.0 ticker is “MONG 2.0” and trades under that name on all the exchanges where it has been listed. The designation “MONG20” is for CryptoCompare.com only.