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.
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?
