Comparing Two Successful Non ICO Coins (Nano & DeepOnion) and what to expect next for DeepOnion?



Recently i had written an article in reply to Dave Levine’s comments about low Volume concerning DeepOnion( Recently i had written an article in reply to Dave Levine’s comments about low Volume concerning DeepOnion( Why DeepOnion has low Volume at the moment ? ) ,where I did a small comparison between DeepOnion and Nano (Formerly known as Raiblocks).Let’s have an in-depth comparison between these two coins based on their distribution.





DeepOnion on the other hand with its Multi-layered Security Model is trying to compete with other privacy coins. Monero being the top privacy coin at the moment, has very little competition since coins like Dash, Verge (DogecoinDark fork) are not truly private. DeepOnion is probably the only coin which is trying to compete with Monero with its soon to be released DeepSend technology, thus making it a complete privacy coin.



{ } Both Nano and Deeponion did not have any ICO. Nano is a DAG based cryptocurrency and is designed to be a scalable, instant transactions and zero fees cryptocurrency. It is one of the top non-privacy coins at the moment. (Rarely people knew about it till the end of 2017)DeepOnion on the other hand with its Multi-layered Security Model is trying to compete with other privacy coins. Monero being the top privacy coin at the moment, has very little competition since coins like Dash, Verge (DogecoinDark fork) are not truly private.

Nano was freely distributed via a captcha-based faucet distribution system. The distribution ran for almost 2 years, ending October 17th 2017.



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On the other hand DeepOnion was freely distributed via airdrops & bounty system. The 1st airdrop occurred on 21 Jul 2017 Utc 06:00 and the 40th airdrop was completed on 20th April 2018, thus spanning for 9 months.



Nano had its own challenges during the distribution, fighting against bots. While Deeponion had its challenges such as DeepPoints system abuse. But both the coins overcome these situations. With the kind of technology these two coins process, they could have easily earned tons distributing via ICO. But the development teams choose free distribution, which speaks volumes about them.



During the distribution phase, even with the kind of specs Nano has it rarely exceeded volume of 100,000 USD for the first 7 months from the date of its debut in coinmarketcap. At the end of the distribution phase Nano was holding its volume at 129,029 USD.

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DeepOnion itself is criticized for low volume. But when compared to Nano’s volume during distribution phase, DeepOnion has done quite well with an ATH volume of 4,353,910 USD and was holding around 195,950 USD volume at the end of distribution phase.



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So why do these freely distributed coins have low volumes, irrespective of great tech backing them ?



Volume basically shows how many people are buying and selling the coin. Yes in the crypto market volumes play a huge role in a coins success. But for a new coin, volumes does not matter. Things that matter for a new coin is the kind of technology it possess and the faith the community has in the development team to carry it forward.



Big players in crypto usually tend to stay away from coins during their airdrop phase. This is mainly due to their concern that those people who do not know the worth of the coin would simply dump them every time they receive a free bag of coins. On the other hand those who really know the worth of the coins never let the coins move from their wallet. Due to this the volumes do not flow to the exchanges , thus leads to low volumes.



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Once the distribution ended, the big players were still reluctant to enter Nano market. The volumes held up for over a month around 200,000 USD and once the big players were sure that weak hands were gone from the game, they entered. Nano team put in a lot of effort into marketing, development post distribution and what happened after November is history.



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What we can understand from this is, do not expect magical results right after the end of airdrops. It took Nano more than 2 months after the end of distribution to find its right place. But with the kind of Team DeepOnion has, we may make it much sooner. Lot of new things are planned and this is just a glimpse of bigger things that will be happening for DeepOnion in future.





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