Is deepOnion dodgy?

[midvoc]

Something is a little fishy with this coin in my opinion - new members need to buy in? A select few now have most of the tokens in their hands.

New members who have bought in will receive very little from the airdrop compared to the original larger holders who will continue to receive loads because they were in first. I think the airdrop program after the rule change now rewards the larger wallets disproportionately.

A ponzi by definition needs more new members to buy in to keep the charade going so that older members can cash out.

Now I'm not saying deeponion IS a ponzi but it appears to be sailing damn close to the wind.

Any thoughts folks?

Regards

[1714599492]

1714599492

[1714599492]

1714599492

[midvoc]

bump

[sorrysteve1]

There have certainly been a few murmurings on the forum over the last months that DO is nothing more than a ponzi scheme but it is really impossible to be certain one way or the other. For me I can't participate in the 'airdrop' anyway so I haven't paid too much attention but I would be careful investing too much of your time.

[HashFace]

I was in the airdrop for two weeks and still have my Onions.  I'm a Hodler, no intentions to sell, either going to make money or go down in flames.  I don't think it's a scam ... I don't think it' a ponzi ... the thing that concerns me the most is that the Dev has 10% + he staked the premine, and as you pointed out, there are large holders that have been in the air drop from the beginning ... so I can't see how this can avoid a massive dump as the 40th airdrop approached.  I think most DeepOnion holders are expecting it, in fact.  It's like a game of chicken where people want to stay in the airdrop as long as possible, but don't want to lose value if it turns into a massive dump.  The only question for me is will the Dev dump early and abandon the project ... if not, then Deep Onion may have a good future.  If the Dev. dumps, then it was a scam all along, and I will be proven wrong.

[midvoc]

ye - i registered a few weeks ago hoping to get on the airdrop obviously. Then they made the criteria to get airdrop impossible basically for new members to get anything.

The early adopters in their forum treat the project with reverence and evangelical style posting - bit dodgy tbh lol  

deepOnion = "For the greater good..."

[sorrysteve1]

I was in the airdrop for two weeks and still have my Onions.  I'm a Hodler, no intentions to sell, either going to make money or go down in flames.  I don't think it's a scam ... I don't think it' a ponzi ... the thing that concerns me the most is that the Dev has 10% + he staked the premine, and as you pointed out, there are large holders that have been in the air drop from the beginning ... so I can't see how this can avoid a massive dump as the 40th airdrop approached.   I think most DeepOnion holders are expecting it, in fact. The only question for me is will the Dev dump early and abandon the project ... if not, then Deep Onion may have a good future.  If the Dev. dumps, then it was a scam all along, I will be proven wrong.

Having just looked in to the new airdrop rules I think you should also, after week 16 there will be no more 90% rule so all coins can be sold. Each week you will receive a percentage of coins depending on how many you hold (encouraging others to buy coins). To me that really seems very suspect, create a situation that forces people to buy coins with the promise of more free coins and then you can sell yours off on the side.

[midvoc]

I was in the airdrop for two weeks and still have my Onions.  I'm a Hodler, no intentions to sell, either going to make money or go down in flames.  I don't think it's a scam ... I don't think it' a ponzi ... the thing that concerns me the most is that the Dev has 10% + he staked the premine, and as you pointed out, there are large holders that have been in the air drop from the beginning ... so I can't see how this can avoid a massive dump as the 40th airdrop approached.  I think most DeepOnion holders are expecting it, in fact.  It's like a game of chicken where people want to stay in the airdrop as long as possible, but don't want to lose value if it turns into a massive dump.  The only question for me is will the Dev dump early and abandon the project ... if not, then Deep Onion may have a good future.  If the Dev. dumps, then it was a scam all along, and I will be proven wrong.

Interesting take on things - totally agree with you - guess we wait and see who chickens out 1st lol - i dont gaf anymore since those rules changed yesterday

[HashFace]

I was in the airdrop for two weeks and still have my Onions.  I'm a Hodler, no intentions to sell, either going to make money or go down in flames.  I don't think it's a scam ... I don't think it' a ponzi ... the thing that concerns me the most is that the Dev has 10% + he staked the premine, and as you pointed out, there are large holders that have been in the air drop from the beginning ... so I can't see how this can avoid a massive dump as the 40th airdrop approached.   I think most DeepOnion holders are expecting it, in fact. The only question for me is will the Dev dump early and abandon the project ... if not, then Deep Onion may have a good future.  If the Dev. dumps, then it was a scam all along, I will be proven wrong.

Having just looked in to the new airdrop rules I think you should also, after week 16 there will be no more 90% rule so all coins can be sold. Each week you will receive a percentage of coins depending on how many you hold (encouraging others to buy coins). To me that really seems very suspect, create a situation that forces people to buy coins with the promise of more free coins and then you can sell yours off on the side.

Ah, didn't know that.  Thanks.  I don't think that rule existed when I was in the airdrop and haven't looked back since. 

[mevmike]

Something is a little fishy with this coin in my opinion - new members need to buy in? A select few now have most of the tokens in their hands.

New members who have bought in will receive very little from the airdrop compared to the original larger holders who will continue to receive loads because they were in first. I think the airdrop program after the rule change now rewards the larger wallets disproportionately.

A ponzi by definition needs more new members to buy in to keep the charade going so that older members can cash out.

Now I'm not saying deeponion IS a ponzi but it appears to be sailing damn close to the wind.

Any thoughts folks?

Regards

i respect your freedom of expression and won't prevent you from doing it.
.
but here are my thoughts about your thread.
1. first of all the new rules are easier to comply than the old rules.
2. gaining the required 100 onions is not only obtainable through exchanges, contest, bounties and rewards are continuously being held therefore you can use this to accumulate the minimum amount of onions.
3. i am one of the early members of the airdrop, and i think the old members somehow do deserve an edge as compared to the new ones. old members have been through a lot more criticism and challenges.
we've been there when deeponion was still on its early development and supported it in every way we can.
4. for me it is not a ponzi, because no matter what happens with the price i will still be holding it. i am not gonna dump. and i believe this is also the stand of other early members.

[LoyceV]

3. i am one of the early members of the airdrop
4. for me it is not a ponzi, because no matter what happens with the price i will still be holding it. i am not gonna dump. and i believe this is also the stand of other early members.

It's not an airdrop, it's a signature campaign, heavily spamming the forum for months now.
They've really got you if you say you're not gonna dump, that means all profit goes to the creators.

I have a paying signature under my posts too, but nobody calls it an airdrop. Because it isn't! It's paid advertising.

To beat you to it: no, I don't post here to get paid. I post in altcoin boards for free

[Maum]

Wasn't part of signature campaign or airdrop. So is it worth to buy them on novaexchange or really only ponzi or whatever?

[rafter_01]

I think you guys have this wrong, DEEPONION is a quality project i would suggest reading about it.

Yes, the current airdrop rules were a bit strict but from this week the airdrop rules change. Still one or two rules can be looked at but overall the changes are good.

I'm hoping to get my first airdrop this week.

[btct22]

I think PIVX has got a few things over Deep Onion (which I think is pretty dodgy) and I think it's about to take off!

Super fast confirming 100% Proof of Stake with Masternodes, self funding and voting governance.  100% private currency.  

It's pretty cool, check it out before the price goes up, they have a big public splash planned now that the wallet is back on Bittrex and Zero Coin is here.  

[btcney]

Something is a little fishy with this coin in my opinion - new members need to buy in? A select few now have most of the tokens in their hands.

New members who have bought in will receive very little from the airdrop compared to the original larger holders who will continue to receive loads because they were in first. I think the airdrop program after the rule change now rewards the larger wallets disproportionately.

A ponzi by definition needs more new members to buy in to keep the charade going so that older members can cash out.

Now I'm not saying deeponion IS a ponzi but it appears to be sailing damn close to the wind.

Any thoughts folks?

Regards

People are saying that deeponion is a copy paste project or whatever. There are also people saying that the devs are using the premined airdrop reserves to stake and make a profit if i remember corerctly(been a long time since i read the accusations).

Their impression to me is not the best, and there is a reason why they are still trading on novaexchange only which is closing down soon.

Is it a ponzi? I don't think that's the case, they're not really offering any guaranteed investment returns.

[fedor3327]

I looked at this very briefly. I decided to stay away.

I have noticed however that about 4 weeks ago most of the signatures on this forum were advertising them.

This no longer seems to be the case.

[djangocoin]

They seem pretty legit from what i've seen. I mean unlike most of the other airdrops/coins they have their own community/forum which has grown quite considerable in size

[btcney]

They seem pretty legit from what i've seen. I mean unlike most of the other airdrops/coins they have their own community/forum which has grown quite considerable in size

Well yeah, having a community doesn't really mean anything. Scam projects such as bitconnect has a huge community including youtubers such as the likes of Trevon James rooting for them, but they are an obvious ponzi scheme.

Deeponion is dodgy at best. As i said, only listed on nova.

Down 25% today just because nova is closing its doors, and that's the only way to trade deeponion right now.

[arnew1]

and still it is going up

[Onestepinhell]

I was in the airdrop for two weeks and still have my Onions.  I'm a Hodler, no intentions to sell, either going to make money or go down in flames.  I don't think it's a scam ... I don't think it' a ponzi ... the thing that concerns me the most is that the Dev has 10% + he staked the premine, and as you pointed out, there are large holders that have been in the air drop from the beginning ... so I can't see how this can avoid a massive dump as the 40th airdrop approached.   I think most DeepOnion holders are expecting it, in fact. The only question for me is will the Dev dump early and abandon the project ... if not, then Deep Onion may have a good future.  If the Dev. dumps, then it was a scam all along, I will be proven wrong.

Having just looked in to the new airdrop rules I think you should also, after week 16 there will be no more 90% rule so all coins can be sold. Each week you will receive a percentage of coins depending on how many you hold (encouraging others to buy coins). To me that really seems very suspect, create a situation that forces people to buy coins with the promise of more free coins and then you can sell yours off on the side.

Yes it feels that they want to deceive, or lure people and then steal them.
there will always be suspicions with such conditions. But it may be that everything is normal and it's just an advertising move. So it's up to you))