What's DeepOnion and why i am investing in it

in #bitcoin7 years ago (edited)

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First of all a premise, I do not have the competence to explain what Deeponion is from the technical point of view, but I can tell you for what reasons I think it was worth the risk of a substantial investment based on what "does" Deeponion and what potentially he is able to do.

So now let's see what DeepOnion does.

Deeponion is a cryptocurrency that runs on a blockchain (like bitcoin), but that uses the TOR network and not the old internet!

The coins (ONION) are digital coins issued in limited quantities and with an emission rate linked to mathematical formulas, compared to bitcoin, the future of onions inflation is not yet reached, the political choice has not yet been made if to inflate the onion too much even with a very low rate of inflation or fix a roof.

That said the question looks good, in fact it is a wise choice, the developers of Deeponion do not have the arrogance to believe what the future holds, and in particular it may be necessary (in the future) to maintain an adequate inflation rate to support the network through the prize to the miners and possibly to those who keep the wallets online for a certain time (POS). One of the most fascinated points of bitcoin is its limitedness, but today we do not know if this strength in the long run does not become a point of weakness; but i doubt this will apply to DeepOnion since its method of distribution is based on 3 main way to obtain the coin: Proof of Work (mining), proof of stake (staking on wallet), airdrops (the best one so far, for me :D ).

To date the supply of Deeponion on the market is roughly 4 and a half million, with a max supply of 25M, that we will not see for a long time yet.

What can i say, i think the current supply and the current rate of growth are just in the sweet spot for a new cryptocurrency, and deeponion took the right shot in this department.

disclaimer: this is not a financial advice, i am not a financial adviser, invest at your own risk