Blockchain Investor Analysis

Monero

XMR
Current Price $68.12 (+1.64%)
Monero is a digital currency that focuses primarily on privacy. The project launched in 2014 as an open-source, digital coin that offered users a way to perform transactions with complete anonymity. While many other privacy coins have since surfaced, Monero is one of the more prominent market leaders.

Our Rating:

Market

Problem that it solves

Monero is a secure, untraceable, and private digital currency network for anonymous transactions.

Customers

Monero is ideal for users who are looking for a cash equivalent in the world of digital coins. Privacy is paramount in an ever changing world and Monero is one of the best options out there.

Value creation

Monero adds value to users who want to perform private transactions on a regular basis.

Market structure

It's difficult to pinpoint the market for Monero. It's great for those who want privacy, but most individual users and businesses are more concerned with other features and capabilities.

Market size

The potential market for Monero is fairly large, especially as areas of privacy continue to be chipped away.

Regulatory risks

Many countries, including South Korea and France, are looking at banning private and anonymous coins in an effort to protect against illegal activities.

Average Market Score

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Competitive Advantage

Technology/blockchain platform

Monero is a new blockchain developed from scratch. However, it has been around for nearly 6 years, so it's shown it has staying power.

Lead time advantage

There are many who would argue that Monero is the face of privacy coins and that it continues to be at the forefront of the market.

Contacts and networks

Since Monero's development team is largely anonymous, it's difficult to determine what type of access the project has to key players in the market. However, Monero's founder, Riccardo Spagni, is an industry heavyweight with access to most (if not all) market participants.

Average Competitive Advantage Score

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Management Team

Entrepreneurial Team

The majority of the Monero team is anonymous, however, the project has shown its capable of succeeding in the digital asset market.

Industry/technical experience

Monero has been around since 2014. It is safe to say that its team has at least '10,000 hours' of industry experience.

Integrity

One of the primary concerns with Monero is that the coin is used to hide nefarious transactions. However, the team has shown no dishonesty since the project was launched.

Average Management Team Score

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Token Mechanics

Token required

XMR is used to perform private transaction on the Monero blockchain.

Value added

While there are many privacy coins in the digital currency market, Monero is typically one of the first that comes to mind for those familiar with the industry.

Decentralized

Monero is open-sourced and has no organization or centralized company backing it. It is entirely decentralized.

Token supply

Monero will never have a maximum coin supply as it uses a constant tail emission.

Public exchange

XMR is listed on many of the more popular exchanges, including Binance, CoinEx, HitBTC, and Kraken.

MVP

Monero already exists as a privacy coin, giving users the ability to perform transactions in a secure and private method.

Average Token Mechanics Score

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User Adoption

Technical difficulty

Monero attracts users to its blockchain through the promise of privacy and security. The details behind the project are quite complicated, but the idea of privacy is sure to get user attention.

Halo Effect

Monero has established itself as the go-to privacy coin that offers to most anonymity. However, its association with illegal activities dampens its halo effect.

Buzz

Monero is widely viewed as the face of privacy coins and its 320k+ followers would indicate that it has the support and following it needs to continue in that direction.

Average User Adoption Score

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Overall Score

Weighted Average of the five section scores above

Blockchain Investor Analysis

Monero is primarily for those who want a way to perform digital transactions anonymously. However, the drawback of Monero is that many people associate privacy coins with users who want to perform nefarious transactions. Regardless, Monero continues to lead the way in the privacy coin market.

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