This looks more and more like Quarkcoin.
except its called Monero.
What a dumb name. It sounds like an underpowered sedan driven by senior citizens.
I wouldn't focus that much on the name, although I consider in class with Litecoin branding name.
What I would focus on is CryptoNote, do some research about it.
"Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips."
^ The statement here I consider in line with Monero and especially the CryptoNote protocol.