🧅 [ONION] Privacy Coin with Real Use Cases 🔥 LIMITED SUPPLY Privacy Project ⚡

[deeperx]

DeepOnion Best Wallpaper Competition started
 Total Reward 2100 ONION
You can learn more the details at
https://deeponion.org/community/threads/deeponion-best-wallpaper-competition-total-reward-2100-onion.44285/

[l3pox]

just for the records:
reinstalling wallet usng dumprivkey and importprivkey and rescanning full blockchain restored the correct amount

thanks for the support.

[DeepFan]

Monero is out there. Why do yall need something else. No need for alternatives. Stick to what works and has utility. A lot of vietnamese guys in DO team is another reason why you should focus your peepers on older projects espoused by experienced team. Or go along with vietnamese and you will squint like them, the choice is yours but decision should be taken now.

Of course alternatives are needed. Competition is healthy and it doesn't matter where are the guys in DO team from, important are the results. So let them show us what they can do.

@kubera mentioned $ONION in latest youtube video

https://www.youtube.com/watch?v=I091A13Xsec

It's good to be mentioned on YouTube, but this video has less than 300 views, would be nice if some bigger youtuber notices this project. There have been recently many videos about altcoins, because BTC was boring, but almost all talk only about DeFi, privacy coins are not interesting now. Hopefully, their time will come again.

BTW, it would be useful if DeepOnion starts to look for some partnerships among DeFi projects. It would also match the decentralization philosophy of DeepOnion.

[Pffrt]

BTW, it would be useful if DeepOnion starts to look for some partnerships among DeFi projects. It would also match the decentralization philosophy of DeepOnion.

What kind of partnership you are talking about? Defi is so much different from a project like DeepOnion and there will no benefit for DeepOnion or the other side (Defi) if such project get partnered with each other. I think it's not necessary. Would appreciate if you share your exact thoughts.
It would rather be good to implement DeepOnion in couple of shops, restuarant etc like what one of the moderator (can not remember the name) is doing. If DeepOnion can be founded in couple of shops, that be good for creating some organic volume and will get some promotion too.

[USBitcoinServices.Com]

BTW, it would be useful if DeepOnion starts to look for some partnerships among DeFi projects. It would also match the decentralization philosophy of DeepOnion.

ONION can be used as a collateral (it is like the value you left in the Defi platform) so user can borrow some other assets. after paying that lend you get your ONION back.

First step would be to ask Defi platform's people to tell what's the step to add ONION in their Defi platforms. As we know there are many Defi platforms now.

[DeepFan]

BTW, it would be useful if DeepOnion starts to look for some partnerships among DeFi projects. It would also match the decentralization philosophy of DeepOnion.

What kind of partnership you are talking about? Defi is so much different from a project like DeepOnion and there will no benefit for DeepOnion or the other side (Defi) if such project get partnered with each other. I think it's not necessary. Would appreciate if you share your exact thoughts.
It would rather be good to implement DeepOnion in couple of shops, restuarant etc like what one of the moderator (can not remember the name) is doing. If DeepOnion can be founded in couple of shops, that be good for creating some organic volume and will get some promotion too.

That would be of course great if DeepOnion gets implemented (and really used) as a payment option in shops, restaurants and other services, e-shops, etc, but this has been discussed for years and no significant progress achieved. And why would anyone even implement DeepOnion in the current situation when nobody is using it?

Regarding DeFi, it is still quite new and it might become much bigger. I don't expect that already big DeFi projects from top 100 on CMC would be much interested. But I think that DeepOnion should approach some newly created and/or smaller DeFi projects. As many of these projects will start to grow with current DeFi hype, DeepOnion could grow with them.

ONION can be used as a collateral (it is like the value you left in the Defi platform) so user can borrow some other assets. after paying that lend you get your ONION back.

First step would be to ask Defi platform's people to tell what's the step to add ONION in their Defi platforms. As we know there are many Defi platforms now.

Yes, that's one thing, collateral. And I saw some DeFi projects focused on privacy of their users so DeepOnion could co-operate. Moreover, there could be finally some usecase for DeepVault, it is a decentralized notary service so it could be integrated into some DeFi project. These projects will offer more and more decentralized services, not only lending and exchanges, but also e.g. insurance so they might be interested in notary services as something additional as their competition advantage.

But currently there might be a technical problem, because DeFi projects usually work with ERC-20 tokens. I believe it will change in the future, but it might take some time. However, it might be possible to create ERC-20 compatible wrapped ONION as there is already e.g. wrapped BTC.

So the Team should definitely explore this area more as it might be a great opportunity. Of course, it can turn out that there are no significant benefits, but it is worth trying.

[Pajulapoiss]

Yes, I would most definitely support DeepOnion partnering up with some DeFi projects.

[l3pox]

BTW, it would be useful if DeepOnion starts to look for some partnerships among DeFi projects. It would also match the decentralization philosophy of DeepOnion.

ONION can be used as a collateral (it is like the value you left in the Defi platform) so user can borrow some other assets. after paying that lend you get your ONION back.

First step would be to ask Defi platform's people to tell what's the step to add ONION in their Defi platforms. As we know there are many Defi platforms now.

most of the DeFi projects are held on the Ethereum blockchain so not sure how that integration would happen
but this would definitely be good, DeFi is quite hot topic lately.

[dvy]

We have a new mod in our community, welcome USBS

Now get back to work.



Download here to verify with DeepVault App
https://deeponion.org/community/attachments/parkour-gif.190739/

ID to verify this GIF with DeepVault App
DkdxmZHrGXaFys13beAx9hEJ967zuzCwcz

[bizul]

Verify this image with DeepVaultOnline.com using this address: DoB66x5MwSuGXpiDvPnixf7gDUpyhQLx3C

[deeperx]

Hi Team

ONION added on new (exchange) swap service.

On their website says they accept credit cards.

https://instaswap.io (Cryptocurrency Exchange Platform | InstaSwap)

You can give feedback.

https://deeponion.org/community/threads/instaswap-io-swap-service-added-onion.44313/

[kk80586]

Verify this image with DeepVault https://deepvaultonline.com
DhbpjgzUBmx18WqKj3sXk9pZFR4dHLZD8R

[deeperx]

We've just got online the Bahasa Indonesia translation for DeepOnion.org

You can see it here
https://deeponion.org/id/ (DeepOnion Coin Privasi Anda dengan Kasus Penggunaan Nyata ONION Sendiri)

You can post your feedback below we'll update it when we have some extra time.

translator @Silent193

[USBitcoinServices.Com]

Yes, that's one thing, collateral. And I saw some DeFi projects focused on privacy of their users so DeepOnion could co-operate. Moreover, there could be finally some usecase for DeepVault, it is a decentralized notary service so it could be integrated into some DeFi project. These projects will offer more and more decentralized services, not only lending and exchanges, but also e.g. insurance so they might be interested in notary services as something additional as their competition advantage.

But currently there might be a technical problem, because DeFi projects usually work with ERC-20 tokens. I believe it will change in the future, but it might take some time. However, it might be possible to create ERC-20 compatible wrapped ONION as there is already e.g. wrapped BTC.

So the Team should definitely explore this area more as it might be a great opportunity. Of course, it can turn out that there are no significant benefits, but it is worth trying.

Wrapped ONION on ETH would be a good idea WONION

In the future can bring benefits when interacting with ERC20 tokens and for using ONION as colateral in Defi platforms.

Also Chainlink is another good project that will function as a bridge between current non blockchain companies willing to connect their commercial software to a blockchain project. So they might connect to ONION so their users can have private tx.

[DeepFan]

Yes, that's one thing, collateral. And I saw some DeFi projects focused on privacy of their users so DeepOnion could co-operate. Moreover, there could be finally some usecase for DeepVault, it is a decentralized notary service so it could be integrated into some DeFi project. These projects will offer more and more decentralized services, not only lending and exchanges, but also e.g. insurance so they might be interested in notary services as something additional as their competition advantage.

But currently there might be a technical problem, because DeFi projects usually work with ERC-20 tokens. I believe it will change in the future, but it might take some time. However, it might be possible to create ERC-20 compatible wrapped ONION as there is already e.g. wrapped BTC.

So the Team should definitely explore this area more as it might be a great opportunity. Of course, it can turn out that there are no significant benefits, but it is worth trying.

Wrapped ONION on ETH would be a good idea WONION

In the future can bring benefits when interacting with ERC20 tokens and for using ONION as colateral in Defi platforms.

Also Chainlink is another good project that will function as a bridge between current non blockchain companies willing to connect their commercial software to a blockchain project. So they might connect to ONION so their users can have private tx.

Wrapped ONION (I also like the name WONION) would be extremely useful and not only in interacting with other ERC-20 tokens and DeFi projects, but it would in general enable smart contracts much earlier than they will be developed as a second layer on top of DeepOnion blockchain.

As a result, it would be possible to convert Dev and Bounty funds from ONION to WONION (of course with ratio 1:1) and lock them via smart contract in the near future. I have noticed that this fund locking is becoming more common among new projects, most simple is a time lock, e.g. every year some part of the funds can be released from the smart contract. This would massively increase trustworthiness of this project and might attract many new investors.

And it seems that there are already solutions for this such as trustswap.org mentioning time-locked tokens as one of its usecases. Even more complex event-released payments should be possible.

I really like this kind of brainstorming, but it would be nice if more Team members participated. Especially a feedback from some tech guys such as the Devs would be very beneficial.

[deeperx]

Team is working on 54th DeepOnion newsletter.

We've been informed about Citex exchange some issues

Citex update
https://medium.com/@Citex/rumors-citex-has-something-to-say-about-false-reports-377f1224cc18

You can post if you have difficulty with citex exchange.
https://deeponion.org/community/threads/citex-exchange-warning-received.44318/

Citex working perfectly
https://deeponion.org/community/threads/citex-exchange-works-normally-tested-and-everything-is-working-perfectly.44318/

We're preparing for VoteCentral airdrop.
Edit airdrop completed

We've an update
DeepSync is now working flawlessly on Windows.

We look for extra one or two online person from community who uses windows OS
to test new coming DeepSync feature.

You can help us to make sure to that DeepSync is working flawlessly on Windows.
https://deeponion.org/community/threads/deepsync-testers-needed-windows.44345/

DeepOnion Japanese website is made live.

@Amaraly made the translation @Vaas (new web dev) implemented.

You can see it here:
https://deeponion.org/jp/ (DeepOnion Anonymous Cryptocurrency - Private Transactions)

DeepOnion Telegram Group Video Logo Competition
https://deeponion.org/community/threads/deeponion-telegram-group-video-logo-competition.44358/

[kk80586]

New Telegram channel for DeepOnion https://t.me/getdeeponion

Win ONION !!
Win 500 ONION Video Logo competition https://deeponion.org/community/threads/telegram-group-video-logo-competition.44358/ (Telegram Group Video Logo Competition)
Win 500 ONION Telegram group Description Competition https://deeponion.org/community/threads/telegram-group-description-competition.44359/ (Telegram Group Description Competition)

[Pffrt]

As a result, it would be possible to convert Dev and Bounty funds from ONION to WONION (of course with ratio 1:1) and lock them via smart contract in the near future.

Wouldn't that be possible with multiSig process same as time lock of bitcoin? I think it will be a bad idea to move on ERC20 as we have intended to be privacy coin. There are a lot of room to grow as a privacy coin in my opinion. Well, it's true that many investors would be interested if the fund wasn't in single control of the team directly.

[DeepFan]

As a result, it would be possible to convert Dev and Bounty funds from ONION to WONION (of course with ratio 1:1) and lock them via smart contract in the near future.

Wouldn't that be possible with multiSig process same as time lock of bitcoin? I think it will be a bad idea to move on ERC20 as we have intended to be privacy coin. There are a lot of room to grow as a privacy coin in my opinion. Well, it's true that many investors would be interested if the fund wasn't in single control of the team directly.

Well, probably better than current situation, but I don't think multisig would be the best solution. How would you choose trustworthy persons/entities holding the keys? This multisig solution still requires trust, WONION solution would be trustless. Moreover, as WONION would be an ERC-20 token, the funds could also be easily stored in offline hardware wallets.

Regarding the privacy, ONION would remain a private coin with all its current features. WONION would probably have less privacy, but it can be rather an advantage. Remember that big centralized exchanges don't like privacy coins. And with their KYC, there is no privacy even in case of privacy coins. This ONION/WONION could be a smart way how to be both privacy and non-privacy coin/token, combining benefits of both approaches. ONION could continue with development of privacy features and WONION could be for all other purposes. As ERC-20 token, it could also be simply integrated to many DEXes, i.e. even more privacy of trading, quite a paradox

BTW, there are already ERC-20 tokens with integrated TOR and other privacy features, check e.g. PlutusDefi. So some level of privacy would be possible even for WONION, if necessary. And for the purpose of storing of Dev funds, no privacy is needed, because the address is public anyway.

The most important thing now is to assess how technically difficult and time demanding would be creation of WONION. Considering the fact that DeepOnion blockchain is derived from BTC blockchain and WBTC already exists, it shouldn't be unrealistic.

[deeperx]

DeepSync is being tested on Windows systems.
Mod team internal tests was good.

Here you can see community tests results.
Results looking good:
what a beauty 
https://deeponion.org/community/threads/deepsync-windows-testers-needed.44345/


img credit Truongdoi