Buy 0xMonero (0XMR)
What is 0xMonero?
0xMonero is a privacy-focused cryptocurrency project built on the Ethereum blockchain. It is designed to be multi-contract and multi-chain, offering privacy-centric solutions compatible with Ethereum decentralised applications (DApps), decentralised exchanges (DEXs), and wallets. The project's primary aim is to provide a privacy-focused alternative in the cryptocurrency space, addressing issues such as a lack of transaction privacy and interoperability across different blockchain platforms.
How does 0xMonero work?
0xMonero leverages the Ethereum blockchain's smart contract capabilities to facilitate privacy-focused crypto transactions. While specific algorithms or consensus mechanisms unique to 0xMonero aren't detailed in available sources, by being compatible with Ethereum, it likely utilises Ethereum's underlying technology such as its smart contract functionality. Additionally, 0xMonero supports multi-chain bridging, allowing it to operate across various blockchain environments while prioritising transaction privacy.
What are the potential use cases for 0xMonero?
Potential use cases for 0xMonero include:
- Decentralised Finance (DeFi): 0xMonero could be used in DeFi applications, offering privacy-focused lending, borrowing, and trading services.
- Private Transactions: Like Monero, it can be used for anonymous transactions, protecting user privacy by obscuring transaction details.
- Cross-Chain Liquidity: Due to its multi-chain support, 0xMonero might be used to aggregate liquidity across different blockchains while maintaining transactional privacy.
- Web3 Applications: It could be integrated into Web3 applications to provide privacy-centric solutions for various industries, leveraging its infrastructure and privacy features.
What is the history of 0xMonero?
0xMonero has been developed as a privacy-focused cryptocurrency, built to utilize Ethereum's blockchain infrastructure while bridging to multiple blockchains for enhanced interoperability and usability. Key historical points include the establishment of a backup token on a confidential blockchain in 2020, ensuring continuity even if Ethereum encounters issues. 0xMonero also operates 0xTIP, a mixer and private bridge for off-chain transfers, highlighting its commitment to privacy. Despite not detailing its founding origins or team specifics, 0xMonero has made strides in establishing partnerships with platforms such as Betcrypt365.com and NEAR.casino for private gaming experiences .
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Frequently Asked Questions (FAQs)
What is the current price of 0xMonero (0XMR)?
The 0xMonero price is $0.03229048 AUD, representing a -0.03% from the day prior.
Where is the best place to buy 0xMonero (0XMR) in Australia?
The best place to buy 0xMonero (0XMR) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell 0xMonero (0XMR) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of 0xMonero (0XMR)?
The trading volume of 0xMonero (0XMR) is $43 AUD in the last 24hrs, representing a -0.03% from the day prior.
How can I buy 0xMonero (0XMR)?
0xMonero (0XMR) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of 0xMonero (0XMR)?
The current market cap of 0xMonero (0XMR) is $58.8K AUD.
Can I convert 0xMonero (0XMR) to cash?
Yes - With Coinstash you can convert your 0xMonero (0XMR) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many 0xMonero (0XMR) are there?
The current circulating supply of 0xMonero (0XMR) is 1.9M.
Is Coinstash a safe place to buy 0xMonero (0XMR) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling 0xMonero (0XMR) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.