Forked XMR coins: Are they worth it?

[Abiky]

I have some old Monero coins lying around in a wallet, untouched since I've acquired them back in 2016. After the Bitcoin Cash fork of 2017, other crypto projects followed suit by forking from their parent chains. There was a controversy over Monero's PoW ASIC-resistance. Those who agreed to maintain Monero resistant against ASICs, decided to remain with the original chain while those who disagreed decided to fork into separate blockchain networks. To my knowledge, there are a few XMR-based forks that are still alive. Those are: Monero Classic, Monero Original, and MoneroV.

I'm wondering if its worth claiming these forks for "free money"? Some of the XMR-based forks stopped trading on the market, while others have a very low price. Any advice, suggestions, or recommendations will be greatly appreciated. Thank you.

[OcTradism]

I'm wondering if its worth claiming these forks for "free money"? Some of the XMR-based forks stopped trading on the market, while others have a very low price. Any advice, suggestions, or recommendations will be greatly appreciated. Thank you.

If consider that fork claims will expose your 25 mnemonic seed, it will cause some risks if you don't move your Monero to other wallets. It does not consider about the really low value of some Monero forks as you was said. If want to claim forks, move your Monero to a new wallet, and make sure your Monero coins won't be lost from any claim.

Claim forks and store them in non custodial wallets then wait for luck from this bull market. I don't wait much for old fork coins as this year looks like to be a year for DeFi tokens and farming.

[dhemasm]

If consider that fork claims will expose your 25 mnemonic seed, it will cause some risks if you don't move your Monero to other wallets. It does not consider about the really low value of some Monero forks as you was said. If want to claim forks, move your Monero to a new wallet, and make sure your Monero coins won't be lost from any claim.

That the best solution! It's risky to claim some "Free Money" if there is no value and even stopped trading for some reason. Maybe send your monero first to other wallet as Octradism said and if possible importing Seed/Privatekey Offline (Something like MEW offline transaction) Not sure if xmr was work like this too.

I don't wait much for old fork coins as this year looks like to be a year for DeFi tokens and farming.

Privacy still have it's place on the community and i suppose after DeFi Hype some mainstream use case like XMR will be popular again, If the Forked coins still actively developed by it's developers even it's have low volume i suppose it's worth to hold it since it was "Free Money".

[marlo1001]

Even monero has not so big adoption on the exchanges and sites. No one knows about its forks

[Abiky]

If consider that fork claims will expose your 25 mnemonic seed, it will cause some risks if you don't move your Monero to other wallets. It does not consider about the really low value of some Monero forks as you was said. If want to claim forks, move your Monero to a new wallet, and make sure your Monero coins won't be lost from any claim.

Claim forks and store them in non custodial wallets then wait for luck from this bull market. I don't wait much for old fork coins as this year looks like to be a year for DeFi tokens and farming.

Thanks for the tip. There are so many scam projects out there in the crypto/Blockchain space, that one needs to be extremely careful before handing out sensitive data such as private keys or mnemonic seeds. I'd move my XMR to a new address, and then use the old address' mnemonic seed to redeem the "forked coins". It seems to me that forked XMR coins are not that popular in the mainstream world. ASIC miners could've made these coins a success, just like they did with the Bitcoin Cash and Bitcoin SV spinoffs. For what I know, anything could happen in this strange and bizarre world of crypto.

I don't it's worth the hassle of claiming useless XMR forks, as there's virtually no market for them. MoneroV, Monero Classic, and Monero0 are basically dead projects. I guess the ASIC-resistant vision of Monero won after all. We're going to have to see if a new XMR fork appears in the future with ambitions to become a big cryptocurrency for mainstream use. Who knows if a new developer team makes the good-old CryptoNight PoW algorithm popular again?