FAQs

1. What are some good use cases for Lonero?

• Medium of exchange
  • Lonero is a medium of exchange like other cryptocurrencies, but we aim to have the technological implications that allow Lonero be private, secure, as well as compliant to a certain extent.
• Cross-border transactions
  • Lonero will be extremely secure and feature a DAO system, extremely large cross border transactions will eventually become possible for our fully decentralized system.

2. How does the Lonero team intend to offer continued support?

• The Lonero Foundation will be indefinitely updating our technology every chance we get to meet current technological standards in an ever growing market.

3. What will happen to Lonero if the team is disbanded?

• Since most aspects of our technology is completely open source, Lonero to some extent can continue prospering and moving on. Although we do not expect this outcome anytime in the near future.

4. What makes you more decentralized?

• Our consensus allowing both PoW & PoC
• The technological infrastructure easily supports updating the network
• Open protocols for algorithmic capabilities and mathematical proofs

5. Is this a politically affiliated cryptocurrency?

• Our crypto is fully decentralized and supports a free market. The Lonero Foundation does not claim to represent any political party and Lonero is purely a medium of exchange.

6.What is wrong with centralized currencies?

• Extreme Lack of stability
• The community doesn't have the overall say
• Highly uncertain technological future

7. Do you intend to later do an ICO?

• Currently, we have absolutely no intention or plans to do an ICO anytime soon. However, if this changed, any ICO we do will be fully SEC regulated and compliant.