MoneroV, a planned hard-fork of one of the top 10 biggest market cap crypto currencies Monero has postponed fork date, originally was set for March 13-14, and the new estimated fork date April 30th. Monero (XMR) owners will receive 10 XMV per 1 XMR they own.
Statement from MoneroV official website:
MoneroV hard-fork date postponed to April 30th, 2018
Having both our team and community grow rapidly, the past few months has positioned the MoneroV project and the upcoming hard-fork as a highly anticipated event. With both great support and enthusiasm, we are dedicated to realizing the vision of a truly decentralized, finite currency to serve the community for years to come.
Due to the growing demand and increasing expectations from users, trading platforms, and large mining pools, we have decided that the Snapshot date will be postponed to ~30th of April block 1564965 to facilitate third-party services requests and including these below reasons:
Exchanges and custodian services need more time to implement the MoneroV technology for them to support the fork and credit XMR holders with XMV. We are in the process of helping leading exchanges (from the top five Monero trading platforms) to list MoneroV. These services require additional time for implementation and we are positive that postponing the hard-fork date so that more users will be credited with their XMV outweighs the drawbacks.
Monero’s own software update that will occur in March is causing confusion with the initial hard-fork date. This is a common complaint we hear from both the Monero community and our own. Postponing the hard-fork snapshot date will help both Blockchains.
Mining pools are asking for more time to implement MoneroV. We want to help these pools to prepare for the hard-fork split so that MoneroV will be more stable and robust.
Many users have difficulty storing their XMR locally using the Monero GUI wallet due to its large blockchain size. Postponing the hard-fork date will help more users to prepare and be able to claim their XMV’s.
Overall, taking into consideration these reasons, and although MoneroV’s codebase is fully functional, we are positive that it would be best to postpone the snapshot date.