Changelly, a cryptocurrency trading platform has come forward with support for a coin, Monero Original [XMO] which is in the 1417th position out of the 1593 cryptocurrencies listed on CoinMarketCap. In the recent past, there have been a lot of issues which was raised regarding the exchange platform and Monero.
Changelly had listed Monero earlier. There was news that the Monero users have been illegally mining other coins through the exchange and the XMR community has long been hostile towards Changelly after that.
Changelly seems to have delisted Monero while the entire Monero community has called for a boycott on the exchange. Changelly has been previously been associated with the infamous ‘MinerGate’ and ‘Freewallet’. Initially, MinerGate team had founded the Changelly, but now, they are two separate business entities.
With this event, Changelly has replaced Monero with its recently forked coin Monero Original.
Changelly explains that they provide an instant cryptocurrency exchange without any amount restrictions to their clients. Usually, transactions amounting up to 5 BTC can pass in a few minutes depending on the condition of the blockchain.
Changelly had issued a statement that they are transparent, straightforward, and deeply value their customers’ anonymity and they would only ask their clients for KYC only if the particular transaction has been detected as suspicious. The clients will receive a warning about the transactions being subjected to KYC check before the transaction is complete.
XMR is currently trading at $201.34 with a slight growth of 1.63% in the last 24 hours. Monero has a total market capitalization of $3.2 billion. XMO just priced at $8.03 with a growth of 1.84% in the last 24 hours.
The lead developer of Monero Original team says:
“Monero Original team is all about diversity which is the logical marker of evolution itself. We are excited about keeping this diversity and to see our favorite coin mature. We are providing the Monero community a possibility to support the iconic coin and stay on the original chain. Monero has always been about diversity, strong community, and freedom of choice.”
A Reddit user says:
“Changelly is a shithouse connected to a hand full of other scams like freewallet and minergate. The Monero community has long been hostile to them, I assume this is the returning the favor. No one should be using them anyways, this is just more reason. Check the Scams and Warnings section on the sidebar.”