I am assuming you found DeepOnion from a referral or maybe you have seen our marketing efforts, maybe from an article or music video that made you think “I wonder what that is all about?” I will assume your knowledge of crypto is limited or you may just not know a lot about DeepOnion, so let’s start from the beginning and feel free to skip ahead and skim read sections that you already know.
Everyone must have seen all the press behind Bitcoin of late. This is what gets most people’s attention and then the more you start to look into other coins (Cryptocurrencies) you realise a whole other world. Bitcoin was the first and as a result, it has had the most growth and because of that, it gets the most media attention and thus further growth. Bitcoin isn’t without its flaws though and many coins aim to be bigger and better than Bitcoin. Some are aimed at a mass market, some to be very private, some for the gambling industry and some for gaming. Ultimately these coins all set their plans (White paper/roadmap) and it's up to an individual to decide which plans they believe and want to get behind. Bitcoin is ultimately only worth something because we all believe it is.
What is wrong with normal currency?
Most of the money you own probably isn’t physical. In your wallet right now may be a few $ but in your bank, is the rest of your balance. You are trusting the banking system to look after your money and have it when you need it. If you live in Greece or Zimbabwe that wasn’t a great choice. Even in the UK, they have had banking issues that the government has had to bail out. Plus do you trust the government? Do they have the right to know what money you have?
If you have a shop selling a product and I pay with cash it is an easy transaction. I hand you the money and you give me the product. In today’s age the world feels like it’s getting smaller and the website I want to use that can send me something in the post is no longer in my hometown, they could be the over side of the world. So, to place an order you need my name, billing address, card number, expiry date, security code, shipping address, I may need to set up an account, give you my email address and the list goes on. I just want to buy something with the ease of cash but the security and convenience to send large sums big distances.
For me to send £200 from the UK to someone else in the UK will have a fee with Western Union of £4.90, or £9.90 fee to send it to the Philippines. That seems like a large fee to send essentially 1’s and 0’s over a computer. This is aggravated by the fact that a large proportion of the world doesn’t have a bank account or debit card. In the Philippines often people will come to work in the west and want to send money home to loved ones but does a 5% fee seen fair on some of the world’s poorest? Only 28% of the Philippines have a bank account and 12% use a debit card to pay for anything. 2016 data shows the Philippines is 103.3 million people with an estimated 26.2 million mobile users. If the right coin comes along with a mobile wallet, clearly the market is very large.
The larger market a coin is aimed at essentially the more popular it can become.
So, what’s the problem that needs solving?
We need a coin that can do fast transactions, if it is going to be for the everyday person we can’t be waiting at the checkout for the payment to go through.
Low fees, 5% is ridiculous. Western Union has had its day.
Independent, the whole idea behind cryptocurrencies is that they are free from government interference.
Anonymous. This is a big one. People who watch the news a lot had had their opinion of this word skewed over recent years to the opinion that only drug dealers on the darknet need to be anonymous. Let me show you something.
1 Open Google
Search “Ethereum wallet address”
Look for the second link down
Click that link and it should show you someone’s account.
This is essentially their account details. You can see their balance, a number of transactions and the address of everyone they have had a transaction with. Then you can click into their wallets and see what they have been doing and so on. These addresses are obviously just letters and numbers but what if I paid you some money and then had your address. I can then watch you. Marketing companies could watch you and sell that information to Amazon to recommend you new items. What if I could see you had loads of money and kidnapped your loved ones for ransom.
So, who are the potential solutions?
Bitcoin: Easily the most adopted coin but with fees approaching $30 and slow transaction times this doesn’t work. Plus, it is not anonymous. Let us look at coins to fill that gap in the market.
From the transaction time alone 4 of these clearly wouldn’t work on a day to day coin. I would also say from an investor point of view it is easier to get people into Crypto with a $50 investment and for them to say I have 4 Pivx coins or 12 DeepOnions then it is to say I have 0.04 Dash.
The circulating supply is important because if it is to work for people there needs to be enough of it. Imagine a currency that only had 5 coins and each valued at $1 billion. Every time you wanted a loaf of bread the price would show 0.0000001. It doesn’t work practically. Of the ones with Very Good transaction times lets look at them closer.
DeepOnion is the newest coin, the only one not already distributed its whole supply and showing the fastest growth. We also have the lowest total supply available so once that’s all out in the world the price will rise further, plus because of the small supply, the demand to supply ratio is easier to increase.
We also have real-world other uses for the coin like DeepVault so you can send documents and these cannot be altered. These are verified by the system. This has a huge market available in the legal industry. A DHL envelope sent to Africa from the UK only containing paperwork currently costs £28.95.
This article is not designed to lead you one way or the other but to provide factual information in an easy to explain way. Make up your own mind. I myself put some money in Verge and then the price went up and I took it out.
People invest for different reasons; if a celebrity talks about a coin then it will get a lot of attention so some people invest quickly, watch the price rise and then cash out. Other coins show really interesting technology and could radically change the way the world functions. These coins I buy and I hold. These are the ones that when they take a little dip I don’t worry because I know long term they have great potential. These are the coins that in 5 or 10 years I could cash some in and buy a Lamborghini, not cash in now and buy a PlayStation.
This coin is only just starting and if you join the forum/family now you see all the competitions and giveaways we have every week. You can start your portfolio with no investment. If you choose to invest then watching the price becomes all the more interesting because you have a vested interest.
This is not aiming to give you any financial advice and I am not trained to do so. Do not invest any money you cannot afford to lose, who knows what the future holds.
But, if you have some spare money and some time on your hands have a look at some Cryptocurrencies, but look at the facts. That weird guy on YouTube that has the new video of top 5 new currencies for 2018, click into his account. I am sure he has a similar title to his videos every week. Is he going to be the person you trust?
10 DeepOnion coins today would cost you $45.31, or you could probably win them in 2 weeks of being active on the forum. Dash is valued at $1,200 per coin, Zcash is at $570 per coin and Monero at $393 and in my opinion, we have a better coin.
We are new, just 6 months old. You have a real opportunity to get in on a great currency early and make a decision today that could change your life.
Look at the facts and make your own mind up.