Topic: DeepOnion: An "unbiased" Review, Part 2 (Read 292 times)

Well the AirDrop is one reason to HODL. Since the amount of $ONIONs you get are in relation to the amount of coins you hold in your wallet: around 4%. So if you sell them off you will get less the next AirDrop. That gives a big reason to HODL. Since it is also a PoS coin you get annual 10% interest on your coins when staking.

But the main reason to HODL is because it is a good project imo.

I think the main problem of this project are those airdrops. Many people get that coin for free so they can sell it instantly and get some profit. They don't have a good reason to HODL. So the price won't go up so much.

Normally when you open a crypto wallet that wallet gets connected to your IP which can be linked to you. With DeepOnion you instead get a TOR address which is much harder to track. I don't think there is any real way to track TOR users (based on any fault in the TOR technology). The successful tracking is due to human errors and getting exposed in some other way.

But DeepOnion doesn't stop by just "hiding your IP" since that just hides your location. It will also implement DeepSend and Zero-knowledge (communication layers) to ensure that the information sent + involved parties are never disclosed. That means that even if someone tracks a TOR address they won't be able to link it to any transaction or transaction details.
That is the reason I like this coin they are trying to make it possible for "regular Joes" to stay safe and secure on the internet while doing payments. This reduces the risks of identity theft, hacking and unauthorized governmental oversight.

More devlopement? In the last few weeks they have had three wallet updates:
- New Wallet design
- Native integration to the latest TOR update: 0.3.3
- OBFS4 and MEEK support
- Successful sync of China DeepOnion wallet
- WooCommerce plugin for paying with ONIONs

This coin is only 6 months old and there are coins out there that are three years old that still don't have any adaption.

Many compare DeepOnion to SpectreCOin since some of the technology is similar: TOR, OBFS4 etc... Spectre is over one year old and I would say that DeepOnion is already ahead in the development respective.

What about AirDrops not being Airdrops? Please elaborate... Every week they have AirDrops to all members, I have been in since week 20 and have gotten 4-5% on my ONIONs every week. What to complain about that? Is the AirDrop a marketing campaign? Yes it is and it is working really well, it is a good way to achieve good decentralization of the cryptocurrency imo.

I think it is great that you are thinking critically about DeepOnion, you should do that about every coin. So please explain your thoughts and I will explain my views.

So what's so special about running over tor? Can't you do this with bitcoin? And hasn't it already been discovered tor users tx's can be traced?

And there is another point: even though volumes are low, the price has managed to rise quite a lot from the beginning. This means very few people are selling. If volume would be higher, prices would most likely skyrocket. So it is a quite solid coin all things considered.

Perhaps because nobody wants to buy it as everyone can get some free coins on airdrop, and nobody wants to sell after the price plunge as everyone now waits for the bullish leg?

I have been thinking about it and it might be something that I will start up more regularly. So far the responses have been fairly low on Steemit which is why I haven't spent more time on it. But if I see that people are appreciating it and asking for more, that is something I would like to do.

Again, neutrality is hard since the project I bring up are probably going to be projects that I am interested in, or that I am thinking about investing. Since otherwise, I will pretty much not do the research needed. But almost no project is perfect so I would still try to highlight the points where there are gaps and hopefully that will be enough.

Glad that you at least would like to see a future series and hopefully more will feel the same.

Great points and something that maybe I should have addressed in the article but I will take some time to answer here

Why no major exchanges listed DeepOnion yet?
DeepOnion is listed on KuCoin and Cryptopia as the current top exchanges. The reason why Bittrex and Binance haven't listed the coin is because DeepOnion isn't allowed to be listed until after the AirDrop is finished, which will be in about 10 weeks. After the AirDrop the developers will apply to be added to the major exchanges: Bittrex, Binance, Poloniex and Bitfinex. I am not sure if DeepOnion will be added to all of these exchanges since I have heard that having an anonymous development team might be a hindrance.

Why is the 24H volume so low
This is hard to approach since what do you consider a low 24H volume? The 24H volume is now around 2-300K USD and it topped out at 3-4M USD at the ATH. The market cap of the coin is around 40-50M currently. If we just randomly look at some coins in that area: CloakCoin, Hive and Decision token the 24H volume is very similar. CloackCoin and Decision token are slightly higher at 3-400k USD but I would say the difference just depends on popularity at the time. As for CloackCoin it is already listed on Bittrex which helps drive the volume a little higher.

I think that the volume is not overly low for a 40M market cap coin that has yet to be listed to Binance or Bittrex but please elaborate on your question and I will have a deeper look.

I have only 2 questions :why is there no main exchanges  to list DeepOnion ? why its 24 hours volume is so low ?
There 2 questions proves how is DeepOnion like .

Thank you. As this coin is part of my portfolio, i appreciate reading neutral opinions whether they're good or bad. I think it healthy for investors to read the positive and the negative on their investments and then do their research. I'm not sure if you do this already but maybe you should make this a series? Unbiased reviews on different projects.

DeepOnion is one of the most discussed projects, and it has proved already that many people support it. Meanwhile, I am still not sure if I want to use these coins or not.

Watched this video about DeepOnion: https://www.youtube.com/watch?v=brCfJxQTt0c

I love DeepOnion! Great project, team, and community!

It is really hard to stay objective in a coin that you are interested in and I know that in the end it will come out positive since I have chosen to invest. But what I think many people don't do is list the problems you see/hear about and give the reasons why they still invest.

If you see people shilling a coin but then ignoring all negative comments/evidence towrds teh contrary that is not something I would like to invest in or would recommend anyone to invest in. That is why I chose to do the review in this way, take in everything negative about DeepOnion that seemed to have merit and do research from that point of view. Based on these facts, would i still invest? The conclusion i came to was yes (as stated in the article).

I am very glad to hear someone appreciate my attempt at neutrality and point of view! 

If that is someone you trust that is absolutely fine, but still I would suggest that you have a look for yourself to see if your views concurs with him or not. I mentioned in the article that the Whitepaper brings up the technology that Deeponion is absing their platform on and it is true that they have based the different parts from other projects. Those are opened sourced and i see nothing wrong with trying to make something more uot of the different parts.

But feel free to give your own views on the matter, why you think it is bad to do it this way.

I agree that it is hard to stay objective and that most people have done reviews on coins that they find interesting. I think that hotheads and mooners can be found in almost any coin, it is true because of their choice for a marketing campaign with AirDrops and Bounties these "hotheads and mooners" might be a bit more vocal than usual.

Not sure what you are refering to in regards to the admins and early adopters since all I have met in the DeepOnion community has been a warm welcome and open to different views and questions.

If you read my Part 1 I try to be open that I am an investor in the coin but I am trying to take into account the remarks I have heard about DeepOnion. I actually focused on the negative remarks and try to meet them head on and explain my thinking and why I am still an investor in the coin.

Since you don't seem overly sold on the project I am actually feeling that "decent read" is a good compliment and I will take it to heart. If there are any faults in my reasoning, please bring that to bear. I try to consider all opinions (unless it is unbased Hype or FUD) when making my investment decisions and reviews.

I find this a good fact based review. Some people don't like this coin because they don't like some attitude of team, but while judging a coin we should in the first place looks a the coin itself, if it is following the roadmap, if it is delivering what promised in due time, the quality of what is delivered, and this is the analysis that you have done.

Good review. I'm a fan of Deep Onion, and I hope the project keeps up the good work!

Well if look at it deeponion is an copypaste coin as lauda said "DeepOnion is a copy/paste project with a massive amount of shills. This user will censor any mention of this, which makes his behavior and project even shadier than it already is. "
I will trust lauda than your beliefs