It is open-source and freely available to all. It‚Äôs fairly launched on april 18th 2014, without premine or instamine. The Monero technology already spiked the interest of several established people in the bitcoin development world and cryptography community. The development is completely based on donations, community driven and with a strong focus on decentralization and scalability. With Monero, you are your own bank. Only you control and are responsible for your funds, and your accounts and transactions are kept private from prying eyes. Source: Monero website.