Use of Deep Onion Coin In Real World Transactions

in #deeponion7 years ago

transaction onion.jpg

The recent launch of the Deep Onion Online Merchant Shop is a good step in the right direction in promoting the use of Deep Onion in real world transactions. The owners of the online shop will be pioneers in ironing out any issues that may arise in using such a young coin. Some problems that they would encounter are volatility of the coin and liquidity in converting from Deep Onion to fiat and vice versa. These pioneer entrepreneurs are well known members of the Deep Onion community and it is hoped that they will share their experiences so others can engage in the same business in the future.

We are still waiting for that first documented real world merchandise transaction of Deep Onion in the coming weeks. However, Deep Onion right now is actually being used to pay services rendered by community members in the various tasks in the bounty program. The tasks are real work done by members from language translation, tutorial creation, video creation and article writing. The new Deep Onion website was also most likely been paid in Deep Onion coins.

Bounty payments are the first undocumented use of Deep Onion coins in exchange for services rendered. Some of these coins were already converted to Bitcoin and then converted to fiat money. In essence, Deep Onion was the source of transactions that made it possible to pay bills, rent, food and electronic gadgets. Many have not talked about this because those who earned from these transactions are keeping silent or only mention it in passing.

Doing services that pays in Deep Onion are currently very profitable right now. The price of Deep Onion is rising and that gives bounty participants more reason to be glad that they are being paid in this cryptocurrency.

Image of gold Deep Onion coins is courtesy of @ken0203. See the link below for his original graphic designs.

Onion Gold Coins
https://deeponion.org/community/threads/onion-gold-coins.8075/

For more crypto related articles, you can follow me on Twitter: https://twitter.com/Lan2050 and on Steemit: https://steemit.com/@soldier100

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Any news about a first merchant that accepts DO?

High quality article and was good to see some real world applications for privacy coins like DeepOnion. I wish your project well and look forward to seeing it being widely accepted.

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