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Joseon Mun (JSM) serves as the official currency of Joseon, an entity described as the first legally recognized network state. Joseon traces its historical origins to 1392 and, after receiving renewed legal recognition in 2023, has re-emerged as a cyber nation without physical territory. In this framework, JSM functions as a foreign currency in other jurisdictions while operating as a blockchain-based currency. The project also positions Joseon as a jurisdiction where crypto projects can establish themselves.

The currency relies on blockchain technology for transaction recording, which provides transparency and immutability. It incorporates ERC-20 smart contracts to enable automated, trustless agreements without intermediaries. Additionally, the project operates under a Code of National Governance that emphasizes principles of freedom and privacy, shaping its operational and ethical guidelines. The status of JSM as a national currency of a cyber state is presented as a distinctive case in discussions about cryptocurrency regulation, with its blockchain foundation potentially offering resistance to bans. The description does not provide specific technical details or performance data.