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Author Topic: [ANN] Monero Dollar (#xmrd) is a secure, private, untraceable Stablecoin  (Read 1869 times)
XMRD
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January 03, 2020, 05:31:58 PM
Last edit: January 22, 2020, 08:33:51 PM by XMRD
 #1



Monero Dollar is a stable, decentralized crypto-currency. It is collateralized by TUSD or DAI.

WHAT IS MONERO DOLLAR (XMRD)?

Monero Dollar (XMRD) is a USDT/DAI-pegged stablecoin built on the Monero blockchain technology, and has no centralized authority. It is a collateral-backed cryptocurrency with a stable value compared to TUSD / DAI. We believe that to realize the full potential of blockchain technology, stable digital assets such as XMRD are necessary. Unlike other Stablecoins, XMRD is completely decentralized and private.

Users can loan XMRD by depositing TUSD or DAI in our portal. This will serve as a collateral. If the user wants the collateral back, they must return the XMRD, and the system will return the TUSD or DAI.

Monero Dollar is based on the Monero blockchain technology

1. Proof of Work ( POW)
2. Decentralized Blockchain
3. Privacy Stable Coin
4. Value is pegged to TUSD / DAI ( 1 XMRD =
1 TUSD / 1 DAI )
5. Block Rewards per Block: 0.5 XMRD
6. Coin Ticker: XMRD
7. Algo RandomX

Monero Dollar is stable loan cryptocurrency with an emphasis on private transactions.
 
Monero Dollar uses cryptography to protect the sending and receiving addresses and the transaction amounts. Many current cryptocurrencies have transparent blockchains, like Bitcoin and Ethereum, where transactions are freely verifiable and traceable by anybody in the world. In addition, sending and receiving addresses for these transactions may be connected to the real-world identity of an individual.
 
The transactions in Monero Dollar are confidential and cannot be traced.

By default, each Monero Dollar transaction hides the amount and the address while sending and receiving the token. This confidentiality also ensures that the operation of each Monero Dollar client enhances the privacy of all other users. It also hides the IP addresses of the sender and the receiver, unlike Bitcoin and other cryptocurrencies where you can trace the location of the sender and the end user. Monero blocks the IP addresses of the transactors and also provides additional protection against network monitoring.
 
Monero Dollar is an electronic cash system that enables quicker, cheaper transactions to and from anywhere in the world.

With Monero, multi-day retention periods do not occur, and there is no chance of fraudulent payment. It is free from 'capital controls' - the interventions that, in countries with economic instability, restrict the flow of traditional currencies, sometimes to an extreme degree.

WHAT ARE OUR EARNINGS?



MINING REWARDS AND FEES
Monero Dollar is a cryptocurrency that relies on proof-of-work mining to achieve distributed consensus. Users who mine the Monero Dollar receive 1 Monero Dollar per block. These rewards are backed by the fees earned from exchanging cryptocurrency to Monero Dollar and vice versa. Thus the fees will be used to balance the collateral for the block rewards, and it will also be used as additional rewards for the miners from the Monero Dollar mining pool. This will result in a healthy ecosystem for the Monero Dollar.

EXCHANGE PROCESS


WHY IS MONERO DOLLAR THE NO.1 STABLE COIN?
1. All transactions are private and untraceable by anyone.
2. Every Monero Dollar is backed by TUSD or DAI.
3. Almost Zero transaction fee.
4. 100% Decentralized, unlike other stable coins. This means no one controls Monero Dollar.

Monero Dollar XMRD Wallets


Windows:
https://gitlab.com/XMRD/windows-xmrd-wallet

Mac:
https://gitlab.com/XMRD/macos-xmrd-wallet

Linux:
https://gitlab.com/XMRD/linux-xmrd-wallet

Explorer:
https://explorer.monerodollar.com

Twitter:
https://twitter.com/monero_dollar

Telegram:
https://t.me/monerodollar

Website:
https://monerodollar.com

Use the Tor Browser for your Wallet:
https://gitlab.com/XMRD/monero-dollar-xmrd#using-tor

Mining Pool:
https://pool.monerodollar.com/

What is Monero Dollar?
https://docdro.id/igzbp28
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January 03, 2020, 06:48:35 PM
 #2

Algo Huh
Wallet Huh?
XMRD
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January 03, 2020, 08:05:27 PM
 #3

Algo Huh
Wallet Huh?


RandomX

Wallet will be available for download within the next 14 days together with the Monero Dollar Swap Platform.

External mining must start at the same time as the platform in order to cover the mining rewards with the fees.
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January 03, 2020, 09:03:44 PM
 #4

Quote


Wallet will be available for download within the next 14 days together with the Monero Dollar Swap Platform.

External mining must start at the same time as the platform in order to cover the mining rewards with the fees.
...within the next 14 days but Blockheight already >12,000?

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January 03, 2020, 09:13:18 PM
 #5

Quote


Wallet will be available for download within the next 14 days together with the Monero Dollar Swap Platform.

External mining must start at the same time as the platform in order to cover the mining rewards with the fees.
...within the next 14 days but Blockheight already >12,000?
The decentralized swap platform has to be completed before the publication and the blockchain is required in advance.

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January 04, 2020, 01:30:34 AM
 #6

I don't see how this is private, as you never stated what algorithm you are using,
and I wonder why you called in Monero Dollar if it has nothing to do with Monero...
And that double 1% deposit and withdrawal fee is very high

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January 04, 2020, 03:30:21 AM
 #7

This user's account is less than a day old.
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January 04, 2020, 07:32:31 AM
Last edit: January 05, 2020, 12:22:35 AM by mprep
 #8

I don't see how this is private, as you never stated what algorithm you are using,
and I wonder why you called in Monero Dollar if it has nothing to do with Monero...
And that double 1% deposit and withdrawal fee is very high
Monero Dollar because RandomX Algo from Monero - Compared to crypto mixers is the fee very low and you use Monero Dollar as privacy Stablecoin.

TUSD or DAI in and Monero Dollar out
Monero Dollar in and TUSD or DAI out






This user's account is less than a day old.
The User account is less than a day old correct but you don't have to trust the user account, you just have to trust the blockchain technology.

Decentralized swap option via modified atomic swaps.

The fee is used to keep the mining rewards stable.




Good luck, keeping an eye on this.
thank you patel
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January 04, 2020, 09:26:30 AM
 #9

Quote
4. Value is pegged to TUSD / DAI ( 1 XMRD = 1 TUSD / 1 DAI )
For now how many TUSD / DAI do you have?
This project should have a treasury, right? since the blockheight > 12.000.

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January 04, 2020, 09:36:34 AM
 #10

Quote
4. Value is pegged to TUSD / DAI ( 1 XMRD = 1 TUSD / 1 DAI )
For now how many TUSD / DAI do you have?
This project should have a treasury, right? since the blockheight > 12.000.
For now the platform is not published.

There are two pools. 1 TUSD/DAI and 1 Monero Dollar.

Premine and mining rewards until now are used 100% for the Monero Dollar Pool and when TUST or DAI is deposited, the Monero dollar is payed out.

vice versa the same

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January 04, 2020, 10:01:43 AM
 #11

For now the platform is not published.

There are two pools. 1 TUSD/DAI and 1 Monero Dollar.

Premine and mining rewards until now are used 100% for the Monero Dollar Pool and when TUST or DAI is deposited, the Monero dollar is payed out.

vice versa the same


So, you are saying the project does not have any treasury right now for TUSD/DAI pool and only has the XMRD pool from the premine.
Is it correct?

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January 04, 2020, 10:16:41 AM
 #12

For now the platform is not published.

There are two pools. 1 TUSD/DAI and 1 Monero Dollar.

Premine and mining rewards until now are used 100% for the Monero Dollar Pool and when TUST or DAI is deposited, the Monero dollar is payed out.

vice versa the same


So, you are saying the project does not have any treasury right now for TUSD/DAI pool and only has the XMRD pool from the premine.
Is it correct?


12,500 TUSD and 12,500 DAI are the start balance in the TUSD/DAI pool and the XMRD Pool includes all premine and all minining rewards

the onliest opportunity to get XMRD is mining and deposit TUSD or DAI for the swap

it is the onliest decentralized and privacy focused stablecoin on the monero technology
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January 04, 2020, 10:40:34 AM
 #13

Do you have a link to the discussions you had with the Monero community pitching this idea and suggesting use of their name against it?





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January 04, 2020, 11:12:10 AM
 #14

Do you have a link to the discussions you had with the Monero community pitching this idea and suggesting use of their name against it?

The bitcointalk post is the first post about the project monero dollar. The project is not against monero, the project is working with the monero technology but based on the principle of stable coins.

We are happy to discuss the monero dollar with the monero community if you have good community contacts.
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January 04, 2020, 12:14:44 PM
 #15

The logo is similar to the XMR Monero logo.
what are the advantages and significant differences of XMRD with XMR ?

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January 04, 2020, 03:20:54 PM
 #16

The logo is similar to the XMR Monero logo.
what are the advantages and significant differences of XMRD with XMR ?
The logo is similar because it is based on the monero technology.

significant difference:
- XMRD is a stablecoin 1 XMRD are 1 TUSD/DAI and not volatile (more multi collateral is coming soon)
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January 04, 2020, 04:53:11 PM
 #17

The logo is similar to the XMR Monero logo.
what are the advantages and significant differences of XMRD with XMR ?
The logo is similar because it is based on the monero technology.

significant difference:
- XMRD is a stablecoin 1 XMRD are 1 TUSD/DAI and not volatile (more multi collateral is coming soon)


so the question is how to make it a stablecoin? Any team backed ?

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January 04, 2020, 05:05:37 PM
 #18

TUSD or DAI in and Monero Dollar out
Monero Dollar in and TUSD or DAI out

Why do you compare it with other mixers?
and NO...fee is not low.
I can just do one simple thing with much lower fee. Buy Monero and any other stable coin on exchange, when I want to buy/sell.
10-20 times less fee


Other than that XMRD is premined, and centralized.

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January 04, 2020, 07:31:41 PM
 #19

Seems like another bandwagon name jumper. No relation at all to the real Monero. Never spoke with Monero people just a reputation stealer.

Even worse than CSW who at least pretends he created the original.

Model is Stable coins, like teather? what could go wrong?

Get printing woop!








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gembira
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January 05, 2020, 05:09:18 AM
 #20

How is this coin related to original anonymous Monero coin? Do you have backed USD fiat money for your stable coin and how much? And by whoms your coins checked and backed?


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                  */ /.   


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