Monero was launched in April 2014. It was a fair, pre-announced launch of the CryptoNote reference code. There was no pre-mine or “insta”-mine, and no portion of the block reward goes to development. Monero has made several large improvements since launch. Nearly all improvements have provided advances to security or privacy, or they have facilitated use. Monero continues to develop with goals of privacy and security first, ease of use and efficiency second.