CROSS exchange announces listing schedule of Monero (XMR)!
On April 3rd, CROSS exchange announced the listing schedule for Monero (XMR). In this article I will explain the listing schedule and details of Monero.
What is CROSS exchange
“CROSS exchange” strives for transparency by disclosing trading platforms and transaction data to users, and has acquired the first financial license for cryptocurrency in Azerbaijan, making it robust as an exchange. I am also putting my efforts by trading on their platform. It is also characterized by the fact that there are many mechanisms for returning profits to users through fee payouts based on their unique token and “automatic mining” feature not found on other exchanges. With CROSS exchange, LIBERTY (LES), which was listed the other day, showed a temporary rise of 50,000% on the first day becoming a hot topic.
Monero (XMR) Listing schedule
Coin Name: Monero (XMR)
4/5 (Fri) 13:00 (JST) Deposits start
4/6 (Saturday) 13:00 (JST) Trading begins
Trading pairs: XMR/USDT, XMR/BTC
What is Monero (XMR) that will be listed?
It is a cryptocurrency using a blockchain based on a proof of work adopting the CryptoNote protocol. Monero means currency and coins in Esperanto. As a feature, it is one of the Alt Coins that has a good privacy function.
Monero’s blockchain combines three methods to provide anonymity. Ring signatures cause senders’ information to be obscured in other transactions. The stealth address then hides the recipient’s address. Furthermore, Monero can realized a non-transparent blockchain by concealing the payment amount by ring CT (Confidential Transactions Secret transaction). This is a major difference from Bitcoin’s transparent and traceable blockchain. That is why Monero is said to be “anonymous and optionally transparent.”
Monero’s keys are “for viewing” and “for remittance,” each of which has a private key and a public key (four in total). The payment history can be referred to with only the viewing key. However, you need a remittance key to see the exact amount of payment history, and you will only see a rough approximation with the viewing key. This is to cope with portable devices with limited computing power.
[Source: From Wikipedia ]
[Source: From wikipedia ]
Among anonymous currencies, market capitalization is No. 1
As of 2019.4.4, Monero (XMR) has a market capitalization price of ¥ 122.21 billion and is ranked 13th among crypto assets. The anonymous currency has a market capitalization that is No.1 and seems that the level of technology to ensure anonymity is appreciated.
Overseas communities are also active
Monero (XMR) is popular abroad. The Message Board for the crypto assets has 2,034 pages (as of 2019.4.4) of threads in Bitcointalk, and many discussions are being made today as well. If you become a holder from now on, you may want to take a look at this community. They also announce new listings on exchanges and additional information on trading pairs.
Bitcointalk Official Site Monero (XMR) Thread: https://bitcointalk.org/index.php?topic=753252.40660
The need for anonymous currency
In Japan, handling of anonymity itself does not seem to have a very good impression from the perspective of money laundering, but there are benefits. Bitcoin makes it possible for anyone to view the electronic ledger. With such a mechanism, for example, if the wallet address and personal information are linked, the wallet balance will be known. What if the third party knows that you have a lot of Bitcoin? It’s a personal opinion, but it’s also possible that you will be involved in some sort of crime. The author thinks that anonymous currency will lower the probability of getting involved in such crimes. A useful thing can become a weapon if it is misused. Conversely speaking, I think it would be very useful if you don’t make mistakes, so I hope users will use it correctly.
Official Twitter – https://twitter.com/monero
Official Facebook – https://www.facebook.com/monerocurrency/
XMR Whitepaper (JPN) – https://whitepaperdatabase.com/monero-xmr-whitepaper/
On CROSS exchange, LIBERTY (LES), which was listed the other day, showed a temporary rise of 50,000% on the first day becoming a hot topic.
It is interesting how Monero’s (XMR) listing news at this timing does not cool the enthusiasm will affect prices and also what kind of behavior will be shown in the future from the CROSS exchange management with a quicker sense of listing.