DeepOnion evaluation with the SPACESUITX method. - Tor based cryptoproject with differential tech! Upvote for more!

Ok! You already know the SPACESUITX method of evaluating crypto projects created by @brucefenton.
As I said on the past article I'll be using it to evaluate cryptoassets I believe that have potential.

And we'l start with one of my favorite #altcoins:
A project that is deeply related to tor.
That will bring fully anon transactions this year,
with weekly airdrop distributions, a great community
an updated roadmap and several news to come this year
and of course: that will make you cry if you don't invest on it
we're talking about DeepOnion!

Are you prepared to put this spacesuitx and head straight to the moon?

Here are some of the reasons I believe Onion is still a great investment to make thinking on the longterm:

Security

DO is combined with the TOR network natively, improving the level of privacy for users and decreasing the chance of hacks by legal and illegal institutions or individuals.
Users can send and receive Onions over the TOR system
and the cryptocurrency uses a mix of POW (X13 Algorithm) and also has a POS of 10% returns per year for those who hold the coin on their wallets.

90% of the supply was premined but it's really clear and transparent that most of it will be used for the weekly distributions (40 in total) and bounties and development. So I really don't believe this poses any danger for the holders of the asset.

Participation and Accounting & Legal

One (big) line definition:
When you buy DeepOnion you get not only a currency that can be used as a mean of exchange for goods and services on the cryptoworld but also superior tech with great community and you'll know why: keep on reading...

Community, Management & Team

In this point I believe DO has a big differential.
Community has been growing bigger and bigger with now more than 600 active participants on the weekly airdrop

@deeper, @doglover and all the team has proved that are great developers and community managers.
With transparency to deal with the investors and efficiency to answer questions and solve problems.

DeepOnion has its own official forum with plenty of members ready to help, share news and discuss about the future of the project.

The success of the airdrops so far and the development and growth until this days are definitely @impressive (thought I forgot you, right? ;) )

Earnings

Chart Courtesy of Bitscreener.com

DeepOnion is already almost 20x since I talked about it the first time here in September but still placed way down on the market cap rank, at position 244 according to Bitscreener

By the tech. community and development they're doing I believe it can hit the top 100 this year.
making some simple calculations: to hit the top 100 an asset need a market cap of at least 360 million USD.
Market cap of DO by the time of this article is 70 million.
So putting it rough and simple we'd need a rise of 5,14 times to hit the top 100 what would bring the value of each onion to at least 76.79 USD.
you understand the potential?

Main competitor could be Monero for example, ranked 14 and costing 384 usd per coin.

Can you see how DeepOnion is undervalued?

Supply & Demand

This was the first distribution:
18 million ONIONs premined on the GENESIS BLOCK.
out of it:
60% will be airdropped to public,
15% to bounties,
15% develoment
10% founders

Remaining ONION can be mined.

Mining and staking still in process and total supply will be 25 million ONIONs only

Demand may grow because:

• There are still airdrops to come and you receive an extra every week only by holding onions on your wallet.
• Cryptocurrency is a sector that is growing fast and way more money will flood this market
• Anon coins have a real use case and will definitely be in the portifolios of several altcoin investors around.

After seeing what $DASH $XMR and $ZEC are doing I really don't see why DO, with much better community and equivalent tech wouldn't be able to do it as well.

Usability

DeepOnion is fast and has quite cheap transactions, it can be a great way to transfer altcoin funds.
Crypto users can use it as a mean of payment and wealth transfer but differential tech like DeepVault has several uses that could be common in society.

Deepvault uses the blockchain to register files and documents in a easy way, this is an implementation of the blockchain with real use case and that could change the world we live in.
In Brazil for example we have "cartórios" that are institutions that sometimes charge you around 5-6 usd just to validate your own signature on a document, using DeepVault it'd be possible to confirm authenticity of your signature spending much less, and this is only one of the applications of DO.

Industry / Institutional Backing And Technicalities

DeepVault can create a real world-application with the power to disrupt institutions and change the way we do burocracy.
DeepSend will implement fully anon transactions that can protect us from governement and private institutions surveillance.
At the same moment a community is being built in a way that the delivery of money is gamified.
This can be bigger than our eyes can see right now.

X Factor

Governancy is a big deal. You heard about bitcoin scaling debates.
I'm quite bullish in cryptoassets like Decred which have already a solution on this side where stakeholders can vote for the future of the currency, deciding projects and next steps to be done.
What if I tell you VoteCentral is coming?
DeepOnion will release a platform where users with founder status (the ones that HODL through more than 21 weeks of distribution) and other holders will be able to vote on future decisions for the project and this is a big deal!

There's even more coming, smart contracts will be implemented to DeepOnion on the future, I believe that technologically speaking this project is way ahead in the game and since they're delivering value it'll definitely reflect in the price in the future.

Time will tell.
There's still possibility of not missing this rocket.

You can trade DeepOnion on Kucoin or Cryptopia.
And there's still time to join the weekly distributions if you follow the rules and have more than 50 $ONIONs, jump on the boat!

Investing in cryptocurrencies can be really risky and wild. Never invest more than you can afford to loose, remember you can loose all your money and nobody would be happy with that, neither your dog or your old and happy smiley grandma. Take care and be safe out there.

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Thanks a lot dear friends!
Talk to you soon!

My latest posts:

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