Cryptocurrency

I stumbled upon a great article about DeepOnion - a privacy coin. Thought I'd share it here for further discussions.

There are many Anonymous cryptocurries out there, but what makes DeepOnion undervalued? For that lets compare different anonymous coins of similar Marketcap. (Prices updated on 9/02/2018)

1. Dash : Max supply — 18,900,000 DASH

Circulating supply — 7,825,657 DASH

Current price — $601.09

ATH — $1,642.22

1. Monero : Max supply — Infinite

Circulating supply — 15,617,527 XMR

Current price — $250.55 USD

ATH — $495.84

1. Zcash : Max supply — 21,00,000 ZEC

Circulating supply — 3,084,669 ZEC

Current price — $434.47 USD

ATH — $955.27

1. ZClassic: Max supply — 21,00,000 ZCL

Circulating supply — 3,120,313 ZCL

Current price — $99.11 USD

ATH — $248.73

1. DeepOnion : Max supply — 25,000,000 ONION

Circulating supply — 4,816,438 ONION

Current price —$4.66 USD

ATH — $19.25

When comparing the total supply of all the coins we can clearly see that DeepOnion is yet to explode. Dash, Monero, Zcash & ZClassic have all been listed on all top exchanges. Deeponion is a fairly new cryptocurrency which is yet to be listed on Bittrex or Binance, which will happen soon. When it does the price will explode. So get in the train soon else regret later.

DeepOnion operates over TOR network which is highly secure and anonymous method for transaction. DeepOnion has a technology called DeepSend which comprises various technologies used by Zcash, Dash & Monero combined. If you read the whitepaper you will get a clear idea regarding this.

Best part of Deeponion is that it does not have any ICO. ONION is distributed via airdrops. Anyone can participate in this. For more information regarding airdrops do check the official website.

DeepOnion is a hybrid cryptocurrency which implements both POS and POW. Now for those who have no idea about what this is, can ignore it. In layman terms if you hold ONIONS in your wallet , you will be provided with 12% returns per year. This is a bonus, especially for a crypto like DeepOnion, because by holding the coins you are surely increasing your portfolio as the coins are very undervalued at the moment and also earning a interest over it.

DeepOnion has a very strong community. I myself was initially surprised looking at it. It has one of the most active forums in bitcointalk. With such a strong community and Dev’s behind it, this coin cannot loose.

Credits: Adarsh Bs (medium).
Disclaimer: This is not a financial advice. I'm not an expert either. This is purely for educational purposes.