What is Monero (XMR)

Monero (XMR/USDT – Trade it Here) is a solution to Bitcoin’s shortcoming of traceability. Monero is based on the mechanism of CryptoNote first authored by Nicholas van Saberhagen in 2013 that uses privacy-enhancing technologies to achieve anonymity of all users and fungibility of tokens. This article explores the core features, overall tokenomics of XMR and ways of how to earn or buy XMR token on our exchange.

What is Monero (XMR)
What is Monero (XMR)

Core Features of Monero

Monero is the leading cryptocurrency focused on private and censorship-resistant transactions where every user is anonymous by default. This success of anonymity is primarily achieved through three technologies:

  • Stealth Address. Automatic one-time addresses are generated for every transaction.
  • Ring Signatures. A group of cryptographic signatures with at least one real participant but no way of pinning down specific individuals in the group as all participants appear valid.
  • RingCT. An improved version of Ring signatures, called “A Multi-layered Linkable Spontaneous Anonymous Group signature”, that allows for hidden amounts, origins, and destinations of transactions with reasonable efficiency and verifiable, trustless coin generation.

Monero Tokenomics

XMR has a total initial supply cap of 18.3 million. However, once this supply is reached, 0.3 XMR per minute will be emitted to incentivize further mining — rendering XMR an inflationary token, similar to its predecessor BitCoin. At the time of writing, XMR has a market cap estimated at $2,960,267,909 and a fully diluted market cap estimated at $2,960,267,909. There is a circulating supply of 18,153,601.37 XMR Tokens.

Since token was designed to be resistant to application-specific integrated circuits (commonly employed for the mining of BitCoin tokens) and generally portrays itself as a truly decentralized project, there were no initial coin offerings, public sales, or pre-mining. The mining process is also meant to be manageable by ordinary computer software and individual users.

How to buy XMR?

Looking for a way to buy XMR? You can purchase Monero on MEXC following the steps:

  1. Log in to your MEXC account and click [Trade]. Click on [Spot].
  2. Search “XMR” using the search bar to see the available trading pairs. Take XMR/USDT as an example.
  3. Scroll down and go to the [Spot] box. Enter the amount of XMR you want to buy. You can choose from opening a Limit order, a Market order or a Stop-limit order. Take Market order as an example. Click [Buy XMR] to confirm your order. You will find the purchased XMR in your Spot Wallet.

For the comprehensive guide on how to buy XMR and other available tokens, please visit special MEXC How to Buy Guides Section.

Recent Monero Price & Performance

Token reached the highest price (ATH) of 282.72 USD on April 21st, 2022. The lowest price of XMR since the ATH date was 98.78 USD on June 18th, 2022.

Interested in crypto like Monero?

MEXC lists new gems and provides access to trading of popular coins like XMR! Keep an eye on our listings in Innovation and Assessment zones, as well as major tokens in the Main Zone – we have more great projects to come! Also, visit the hot projects section to find more hot tokes that were listed already. If you would like to know more about crypto trading itself visit MEXC Academy.

Start your crypto trading journey with MEXC Global Exchange


The content of this webpage is not investment advice and does not constitute an offer or solicitation to offer or recommendation of any investment product. It is for general purposes only and does not take into account your individual needs, investment objectives, and specific financial circumstances. Investment involves risk.

Please note that the information and data above are cited from third-party sources & whitepapers and do not represent MEXC. Please refer to direct sources for more details. This is not financial advice and does not constitute an offer or solicitation to offer or recommend any investment product. It is for general purposes only and does not take into account your individual needs, investment objectives, and specific financial circumstances. Investment involves risk.

This disclaimer informs readers that the MEXC Creator’s content, views, thoughts, and opinions expressed in the articles belong solely to the creators and authors, and not to MEXC Global itself. MEXC Global doesn’t give any investment recommendations or advice.

Share your love to MEXC Global
Default image
MEXC Academy
Articles: 161
Read Learn Watch