EXMR Monero: Safe Cryptocurrency Payments Marketplace?
This is an improvement of the original Monero (XMR) based on the Ethereum blockchain and operating on the ERC20 protocol. Essentially, it is a faster and more secure version of Monero. It offers users a whole new experience, having significantly cheaper transaction costs as well as more privacy thanks to the underlying Ethereum blockchain.
The Ethereum ecosystems has gained plaudits for its remarkable speed, irrefutable privacy and unassailable security. Moreover, this platform regularly updates to conform to the latest technological advancements. As a result, many users prefer tokens based on ERC20, and EXMR happens to fall in this category.
What Is EXMR?
The core mission of EXMR is to revolutionize the market around it and become one of the world’s most prolific crypto coins with regard to market capitalization. The payment gateway system will guarantee a larger market for XMR, while the limited number of tokens (15 million units) will ensure that the demand for the coins remains high. Consequently, the market value of EXMR will strengthen over time.
Ultimately, EXMR Monero intends to be the focal point of the investment capital sectors by creating new opportunities in the then decentralized economic landscape. The developers are confident that the EXMR platform will achieve its long-term goal, which is to create an online marketplace where users can easily navigate and purchase goods and services using EXMR.
The EXMR Monero Cryptocurrency Payments Marketplace Solution
It is the desire of every trader to have seedy, transparent, and private, affordable, and secure business transactions. EXMR will leverage zK: SNARKS + STARKS cryptographic privacy tool to make transactions secure and anonymous. Additionally, outlets that accept EXMR as a means of payment will not levy tariff costs, making transactions more cost-friendly.
EXMR tokens were created on a single instance in October 2017. The total supply was capped at 15 million, and no more tokens will ever be created. Out of these, 25% will go towards the rewards scheme. The remainder will be allocated to the crowdsale, where the projected exchange rate will be 0.005 ETH, an equivalent of $1. At the end of crowdsale, the projects hopes to have distributed over 10 million EXMR.
XMR Vs. EXMR
While these two borrow heavily from each other, especially the latter, the features of EXMR outweigh those of XMR. Below are the advantages of EXMR over XMR.
- EXMR has a block time of 15 seconds which is remarkably fast as compared to XMR’s 2 minutes.
- EXMR supply is capped at 15 million while XMR supply is infinite, meaning that the demand for the former is high, positively impacting its market value.
- EXMR has its own payment gateway
- Transactions over the EXMR platform are verified using smart contracts, a practice yet to be embraced by XMR.
- EXMR uses the XK SNARKS privacy tool, a significant improvement on RING CT, the tool used by XMR.
EXMR Monero Loyalty Program
As a strategy to makes its platform more appealing to customers, EXMR launched a loyalty program. With more clients, the project would have a higher value, making it easier to achive the set objectives.