Monero (XMR) is known for its highest standards of anonymity and privacy. At the same time, it is facing many challenges:
For the same reason that the majority of Monero developers remain anonymous: it corresponds with the principles of complete privacy and anonymity professed by Monero Rings.
If you have Monero in your local wallet before the hard fork, You just need restore XRM wallet from your XMR address’s seed. Wait for XRM wallet sync, you will get your XRM.
First of all, the cryptographic system behind Monero and Monero Rings does not allow it: to transfer to PoS, you need to know how many coins each user has staked, and the architecture of Monero Rings protects this information. However, everyone who wishes to mine XRM using PoS will be able to do so, as long as they agree to disclose the amount of XRM they have staked.
No, you need to hold XRM in your personal wallet to receive free coins during our airdrop. For each XMR coin you hold we will award you with 2 XRM. Naturally, you will retain full possession over your XMR.
No. In fact, our “hard fork” should more appropriately be called a “hard spoon” in the sense that it does not produce a split in the chain. It is not a matter of choosing either one or the other.
Monero rings retains the focus on privacy, but it will also be more user-friendly. For example, we will introduce a fully graphic wallet interface with an implementation of Reusable Payment Codes, which allow one to send free payments to anyone in their contact list.
Free Monero Rings coins can be obtained through two major programs: the large-scale airdrop that will take place on February 28, 2019.
All XMR holders receive 2 XRM coins for each XMR they hold in a personal wallet. Users retain full control over their XMR: Monero Rings coins will be distributed for free as an incentive measure to develop the community and to guarantee active circulation and listing on exchanges.
Additional XRM rewards will be paid to all users who register for the Monero Rings bounty program and complete regular tasks. You can choose the type of assignment that suits your interest best, be it promotion of the project in the social media, creating YouTube videos about Monero Rings, or publishing original posts in your blog.
A specially designed graphic-interface ensures a smooth and pleasant experience on any device. With its native apps for Android and iOS, 2FA security mechanism, support of all major cryptocurrencies, and integration of contact lists and real-time exchange rates, Monero Rings wallet has all you need. With the implementation of Reusable Payment Codes, you will be able to make near-instantaneous transactions for free.