Monero Token (XMR) is now live on VNDC Wallet from August 28th. Right after XMR is listed, users can perform the following functions with XMR:
- Off-chain transactions: Send, receive XMR with other users on the same system.
- Exchange: Swap from VNDC to XMR and vice versa.
About Monero
What is Monero token (XMR) token?
Monero token (XMR) is the first privacy coin in the cryptocurrency world, first released on April 18, 2014, under BitMonero. Monero operates on a PoS consensus mechanism based on the CryptoNote protocol with the main goal to improve privacy, decentralization, and scalability.
Monero has the characteristics of hiding the transaction addresses of the parties, hiding information about transaction amounts, account balances, and not being able to retrieve transaction history. Monero’s research and development team state that Monero’s primary goal is to protect privacy, security, and traceability for users, making payments fast and inexpensive without fear of censorship.
Website: https://www.getmonero.org/
Monero token (XMR)’s Uses
Monero token (XMR) is a utility token belonging to the Monero network and can be used for the following purposes::
- As a currency to pay for products and services within the Monero network.
- As a block reward for Monero miners.
Specifications:
- Name: Monero Token
- Symbol: XMR
- Platform: Monero Blockchain
- Type: Utility Token
XMR is now listed on some of the largest cryptocurrency exchanges like Binance, Huobi, Okex, Bittrex, Upbit… At the time of writing, XMR is ranked #29 on CoinMarketCap with price live data:
XMR Price 6,950,435 VNDC Market Cap 5,437,360,111 USD 24h Trading Volume 205,308,739 USD Circulating Supply 17,981,771 XMR Total Supply No Information
Trading XMR on VNDC Wallet
At the moment, users can perform the following features with XMR on VNDC Wallet:
- Off-chain transactions: Send, receive XMR with other users on the same system.
- Exchange: Swap from VNDC to XMR and vice versa.
