Details

What is ONION

Tokens

1. What is onion?

Introduction to DeepOnion (ONION) Tokens

DeepOnion is an anonymous token that operates through a vast amount of TOR network transmission and is 100% untraceable. It runs on the TOR network, meaning it is completely anonymous, private, and transaction IP addresses are untraceable, avoiding intrusion from both legitimate and illegal entities.

Main Features

  1. Privacy: DeepOnion sends and receives transactions through the TOR network, ensuring 100% privacy protection.
  2. DeepVault: DeepOnion introduces the DeepVault tool to verify the security of important files, ensuring they are not tampered with. DeepVault stores the hash of the files on the blockchain, allowing users to verify the integrity of the files at any time.
  3. DeepSend: The upcoming DeepSend feature will allow users to send and receive untraceable payments, using multiple signature methods to prevent tracking of the transactions.

Project Overview

DeepOnion is an anonymous cryptocurrency inherently integrated with the TOR network, designed to protect individual privacy and identity. It reduces the possibility of being intruded or attacked by both legitimate and illegal entities by enhancing the privacy level of encrypted users.

Related Links

  • Official website: https://deeponion.org/
  • Social contacts: Facebook, Twitter, Reddit, Telegram, etc.

2. Who founded onion?

According to the provided information, DeepOnion is a privacy-focused token that utilizes the TOR network to facilitate anonymous and untraceable transactions. However, the provided information does not clearly mention who the founder of DeepOnion is.

It is important to note that DeepOnion is different from Bitcoin (founded by Satoshi Nakamoto); the two tokens have different designs and purposes. Bitcoin was founded by Satoshi Nakamoto, whereas the founder of DeepOnion is not mentioned in the provided information.

3. Which venture capitalists invested in onion?

According to the information provided, the following are investment details related to tokens, but there is no direct mention of investment information for the specific project "onion." However, the following may help you understand investment trends in the token field:

  • Ethereum Foundation: In the early days of the Ethereum project, the foundation received community donations, including $500,000 in cash support, and promised to return tokens at the donation price when the mainnet launched.
  • Binance, OKcoin, HTX: These exchanges invested in multiple token projects through their venture capital departments, including EOS, Solana, and others.
  • EOS Project: In 2018, EOS raised $4.2 billion through ICO, attracting several renowned investors and institutions, including Xue Manzi, Prince Kong, Lao Mao, Yi Lihua, and Antpool.
  • Solana Project: Solana raised $25 million in private placements and ICOs, followed by $40 million and $314 million in investments, with investors including OKX, MEXC, a16z, and Polychain Capital.
  • NFT Game Axie Infinity: The company behind it, Sky Mavis, received investments of $7.5 million and $150 million, with investors including Libertus Capital, Blocktower Capital, and Konvoy Ventures.
  • Opensea: The NFT trading platform Opensea completed $2 million in seed funding, $2.1 million in strategic funding, as well as $23 million in Series A funding and $100 million in Series B funding, with investors including a16z and Cultural Leadership Fund.

This information mainly concerns investment situations in the token and NFT fields, but does not directly mention investment information for the "onion" project.

4. How does onion work?

Operation Principles of OnionTokens

OnionTokens, particularly Onion Mixer, primarily achieve anonymous transactions through the following methods:

  1. CoinJoin Mixing Technology: Merges multiple users’ transactions into a single transaction, breaking the on-chain link between deposit addresses and withdrawal addresses, achieving anonymity.

  2. zkSNARK Zero-Knowledge Proof Technology: Ensures the privacy and security of transactions through zero-knowledge proofs, preventing third parties from tracking the source and destination of transactions.

  3. Decentralized Cross-Chain Transactions: Supports cross-chain DeFi privacy transactions across multiple heterogeneous blockchains, enabling anonymous transactions between different chains.

  4. Economic Model Incentives: Encourages users to participate in protocol transactions through token incentives and liquidity farming; mining, enhancing the depth of the anonymity pool and the frequency of transactions, thereby improving the anonymity effect.

Onion Mixer Operation Process

  1. User Deposits Assets: Users deposit assets into the anonymous pool of Onion Mixer.
  2. CoinJoin Mixing: Onion Mixer merges multiple users' transactions into a single transaction, breaking the on-chain link between deposit addresses and withdrawal addresses.
  3. Zero-Knowledge Proof: Ensures the privacy and security of transactions through zero-knowledge proofs.
  4. Cross-Chain Transactions: Onion Mixer supports cross-chain DeFi privacy transactions across multiple heterogeneous blockchains.
  5. Token Incentives: Encourages users to participate in protocol transactions through token incentives and liquidity farming, enhancing the depth and frequency of the anonymity pool.

Through these technologies and economic models, Onion Mixer achieves decentralized cross-chain anonymous transactions, protecting user privacy and asset security.

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