We are pleased to announce our next AMA on May 28th 2021 at 01:00 PM UTC Time: Satoshi Club x OnionMixer
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join OnionMixer Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. OnionMixer Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about OnionMixer
For more details:
OnionMixer Telegram – @OnionMixerOfficial
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
In the past, the way to achieve “anonymous transaction” was mainly based on coin mixing technology, which can solve the problem of privacy leakage of blockchain transactions to a large extent, but there are still some efficiency bottlenecks and security risks. In order to further improve the efficiency and privacy of coin mixing, Onion Mixer proposes an efficient and safe coin mixing solution. Can you explain this to us? And how is the mechanism that Onion Mixer has to improve efficiency and privacy in mixing coins?
Onion Mixer is a decentralized protocol for private cross-chain transactions. It follows CoinJoin’s “coin mix” idea, but incorporates zero-knowledge proof technology. Can you explain to us how that zero knowledge proof technology works?
The anonymous set in the Onion Mixer protocol is called a “mixer”. The mixer has three main advantages: More anonymity guaranteed; Supports the privacy of transactions for more assets, The incentive mechanism can be customized based on the characteristics of the mixer, allowing more users to participate in the Onion Mixer protocol. Can you tell us about these advantages of the Onion Mixer?
The name Onion Mixer is inspired by TOR (The Onion Router), the origin of cyber anonymity. Everyone should have the right to prevent their private data from being monitored or logged without permission. It supports the privacy of heterogeneous DeFi transactions between chains. What is the scheme applied to obtain a mixture of coins? When the user wants to withdraw assets from the smart contract, what information do they need to provide? What characteristics does Onion Mixer have to claim that it is the first decentralized anonymous transaction contract between chains?
I read that Onion Mixer is different from other projects because it adopts a coin mixing approach that combines “CoinJoin” and “zero-knowledge proof”. Could you explain this to us a little bit more? What are this two things? Why did you decide to mix this two concepts? What are the benefits of this decision?
I saw that Onion Mixer is the first decentralized protocol for anonymous cross-chain transactions on BSC. But if I’m honest with you, when I see the word anonymous, some distrust starts to grow deep inside me. So, to give me some relieve, could you tell us how secure is Onion Mixer’s platform? Has the project been audit yet? What security methods does the platform have?
Everyone should have the right to prevent their private data from being monitored or logged without permission. What really is the meaning of Onion Mixer? Why was this platform created? Why am I supposed to need Onion Mixer to execute my transactions? Why mix the transactions in the contract to cut the links? What is the Onion Mixer used for and why is it called an onion?
I read that Onion Mixer will have an anonymous transaction mining mechanism, could you share with us a little bit more about it? How will Onion Mixer’s anonymous transaction mining work? What makes it different from the ones in traditional exchanges? Also, what advantages will your mining mechanism bring to users if we compare it to those ones in traditional exchanges?
It is my understanding that early this year the coin mixer was created at BSC to take full advantage of its large user base, low transaction fees, fast transaction speed, and well-developed ecology. After accumulating sufficient transaction volume, they helped users to exchange their assets on other public chains anonymously, including but not limited to ETH, HECO, TRON, POLKADOT, etc. Have you managed to improve the protocol to be compatible with the DAPP ecology? Can users mix their coins immediately after joining Onion Mixer? Are the benefits of transaction mining anonymous too?
Anonymous cross-chain transactions is one of the unique features of Onion mixer, and one of the technology behind this is the token shuffle approach it uses that combines CoinJoin and zero-knowledge proof, so how does onion mixer remain anonymous across multiple chains using this strategy, and on what chains can onion mixer currently have anonymous transactions… another project using the coin mixing approach similar to yours is Tornado Cash, so how does Onion mixer differ from Tornado Cash.
One of the common problems with most privacy and anonymous transaction projects as stated in an article is that, they cannot simultaneously protect users’ privacy and support smart contracts, how does onion mixer solve this problem and ensure that anonymous transactions and smart contracts can go hand in hand.
Onion Mixer has what it calls an anonymous transaction mining mechanism which is said to be similar to “transaction mining” in traditional exchanges, how does this anonymous transaction mining work, how do users participate in this mining, and how do they get rewarded or earn from this anonymous transaction mining.
While looking at your Medium page I saw that last week you announced that Onion Mixer will initiate an exclusive IDO on DODO. Can you tell us more about this event and what are your expectations for it? When will it take place? Why did you decide to make your IDO on DODO? Is there any whitelist where we can join in? Also, how many tokens will be available on this sale and at what initial price?
I read that one of the things Onion Mixer did recently was introducing incentive mechanisms to attract more users. Can you tell us more about thismecanisms and how will they exactly work? What do users have to do in order to receive those incentives and what can they do with it? Most importanlty, did the introduction of this mechanisms work on attracting more people to the platform?
The big goal of Onion Mixer is to become the underlying protocol for anonymous cross-chain transactions and to be compatible with all DeFi projects. Being a leader in the technological infrastructure for anonymous transactions between chains is also among its objectives. How do I know that it is safe to invest in Onion Mixer and that your transactions are truly anonymous, how are your data exchanges developed to execute a transaction? Have you ever had any kind of audit on Onion Mixer, have you gotten an error? What are the advantages of Onion Mixer? How is the incentive scheme provided to say that it is personalized?
By combining coin mixing incentive and PIG model, Onion Mixer can not only provide a better coin mixing experience, but also strive to improve the value of its OMT platform token to further benefit users. . Onion Mixer has the advantage of supporting more assets at lower cost, with greater efficiency and greater security. What is OMT? What are its various uses and what role does it play within the Onion Mixer platform? What tools should I apply to get OMT? What is the destruction of OMT based on?
Onion Mixer not only follows the basic CoinJoin principle of cutting the connection between transaction entry and exit addresses, but has also made some improvements. Can you tell us a bit about those improvements? Who are the parties that benefit from these improvements? What is the solution presented by Onion Mixer to eradicate the problem that exists due to the connections between the addresses of the transactions, in which certain private information can be inferred by analyzing the content of the public ledger?
I read that after the successful launch of Onion Mixer, the platform will adopt the governance of DAO, in which the community completely decides the development direction of the protocol. Can you tell us more about this DAO? How will users be able to be part of it? Also, you said that the community completely decides the development direction of the protocol, but on what kind of decisions are they exactly allow to participate in?
An intuitive protection solution is to use an intermediate mixer to obfuscate the relationship between input and output directions. In 1981, Chaum first developed and introduced the idea of token shuffle services, the original purpose of which was to protect the communication content of participants through token shuffle, in order to conduct anonymous communication. What is the zkSNARK zero knowledge test? After the user places the asset in the Onion Mixer group, what happens to the asset? What apply so that the information is not disclosed in the transitional process?
The Onion Network was first introduced and developed by Michael G. Reed, Paul F. Syverson, and David M. Goldschlag, and then the US Navy applied for the patent. Until 2009, TOR had been a predominant application of Onion Networks. The original idea of the Onion Network is to protect the privacy of sender and receiver communications, and to hide the path of the message that passes through the network. Current anonymous transactions in the blockchain field are limited to just multiple tokens and don’t even exist in any smart contract interactions. So how does Onion Mixer build the first decentralized cross-chain anonymous trading system in the blockchain world? What solutions does Onion Mixer present to the currently traditional field of the Internet? How does the transfer of communication data work? Does each TOR remove a layer of encryption to get the next information from the router, then where is it sent? Could you explain to us the due process that Onion Mixer follows to ensure that your transactions are carried out anonymously?
Despite the advantages of decentralization, it is not at all a secret that many of us feel watched, anyone can see our transactions and movements, many times the identity of the people can even be revealed with monitorization, with what type of technology Onion Mixer thinks to solve these privacy problems?
Is this project similar to other privacy protection platforms such as Secret Network? What differentiates your project from other heterogeneous cross-chain DeFi transaction privacy protocols?
Onion Network refers to an anonymous communication technology on a computer network. To have all the knowledge about the development of technology like the one offered by Onion Mixer, experts and people with experienced university degrees are required. Do you have this type of profile on the staff you have working for Mixer Network?
Currently, with the development and popularity of the internet and finance on the net, it seems that privacy does not exist, however, with Onion Mixer there is the possibility that privacy is protected by combining the coin mixing scheme and testing of zero knowledge. For the more inexperienced enthusiasts can you briefly explain what these two technologies consist of and how they can work together to achieve something greater?
While it is true that Onion Mixer can protect users’ personal information, it is also true that technology is evolving every day causing hackers to look for other alternatives. I realized by checking your media that you have not announced new partnerships that can help Onion Mixer with technologies, do you plan to announce strategic partnerships with projects that can provide you with new technologies to develop Onion Mixer?
In OnionMixer they provide incentives to users to generate a rapid increase in users who want to participate with the project, what kind of incentives are we talking about and how are they delivered if in any case a user joins you just to receive this reward Without contributing anything to the project, the losses would be significant since this is something that many could do just to obtain benefits in an easy and fast way, to avoid this, what type of security they handle use some type of verification or KYC to not have this type of robberies so to speak?
It seems good to me that they have a type of fine or penalty for those users who want to withdraw their assets to be invested for the benefit of the users, ONION MIXER and the OMT, thus opening new doors for the users most loyal to the project, increasing the growth of the ecosystem and called the attention of users who want to invest time in you for the growth of this project, with all this, what is your main goal in order to differentiate yourself from other projects?
We know that they have heard about working with anonymous transactions in ONION MIXER, what results would bring for him the benefit of the project with making the information of a user more private, even secret, I imagine they have control of this and this would make it easier for him to have assets or Theft of the same without knowing the identity of the one who does it, what type of security do you use to prevent this?
We know that each TOR removes a layer of encryption to get the next information from the router and then sends the data to the next TOR, a process that is repeated until the data reaches the destination, this prevents people who know the sender and receiver steal the data, this is a very good thing, the type of security they have, giving the necessary trust so that users feel identified with it, something very gratifying project, how did they take the initiative to provide that security to users and privacy of their data?
With the creation of pools for the mix of different tokens and their very low fees I would say that they have a great advantage over the competition, giving users a wide selection of tokens and exchanges with low fees increasing the receptivity of new users who want to. participate in the project until now with whom are they compared in the crypto environment and to what are many who participate?
Up to the moment how your OMT token has been accepted with respect to the demand for buying and selling it, until the moments that it has value in the OMT market, what are the growth possibilities for the end of this year that you have achieved with all this?
OnionMixer announced your Bounty Campaign, Can you tell us is anyone an participated in your bounty campaign? Can you please tell us what is the details? Are there any amount needed?
Onion Mixer recently announced on it’s Twitter handle, a Twitter reward campaign tagged: Help us grow and earn both bounty and IDO eligibility for your work. Who is eligible to participate in this campaign? What is the bounty reward? Any information regarding your IDO? When should we be expecting your IDO?
Security is one of the very important aspect in every platform, And OnionMixer first decentralized protocol for “anonymous” cross-chain transactions on BSC. Anonymous, is sounds not good, how can we give trust in anonymous cross-chain transactions? How can you convince that OnionMixer is secure and thr same time is profitable too?
OnionMixer recently reached a unique and strategic in-depth cooperation with DEGO finance, to partner in a future endeavour. Though certain details of this cooperation aren’t made public at the moment, but knowing DEGOs reputation as an open NFT ecosystem offering cross-chain NFT & DeFi protocol, one is forced to acknowledge the fact that truly, OnionMixer is taking a bold dive to the world of NFTs and NFT derivatives. Can you share more tentatively, the details of this cooperation, and what are the underlining benefits of such cooperation to OnionMixer and it’s anonymous cross-chain service?
What are your advantages over other projects? Is it from security or the technology you are using? Or are there other advantages? What makes you believe that your project is unique and worth choosing in today’s competitive marketplace?
Could you please tell me the ultimate goal of $OnionMixer? What are your plans to reach out a vast majority of users, both inside and outside the crypto space ? Are there any community events to attract more members and raise the project’s awareness ?
Cooperation and partnership is one of the most important issues to help develop a project. Can you tell us about your existing partnerships, the partnership plans, and what people can gain from these partnerships? ?
OnionMixer has created an OMT staking pool, where users can continuously receive dividends by depositing the OMT tokens they hold into a pool. This process is referred to as “Holding Mining” and such anonymous transaction mining is intended to encourage users to use OnionMixer protocol to mix coins more often. Asides from the obvious advantage of adding liquidity to pools, what are the added incentives this staking pool gives users? Considering the emphasis on a penalty mechanism as incorporated in the staking pools, how will this penalty fee of a 10% charge on withdrawn OMT from pool, be used and redistributed within the OnionMixer protocol?
Onion Mixer aims to solve the problem of lack of anonymity and privacy of crypto assets in the current blockchain, but will some features like performance, latency and speed be sacrificed? How efficient will your protocol be in relation to the other features?
I read in one of your posts that 2.5% of mixing services from 2018 to 2021 are related to illegal activities. Maybe some investors will take advantage of your zero-knowledge proof capabilities to commit crimes, what is the position of Onion Mixer in relation to this issue? Is there a way to prevent this from happening?
Onion Mixer is the first decentralized cross-chain anonymous transaction contract.
It supports heterogeneou cross-chain DeFi transaction privacy. By combining CoinJoin coin mixing scheme and zkSNARK zero-knowledge proof, it splits the linkage between the deposit address and the withdrawal address, thus enabling transaction privacy protection for all DeFi components. Wow! Now please help me figure it out. What does heterogeneou cross-chain DeFi transaction privacy mean? What happens when a user moves tokens, when the user wants to withdraw assets from the smart contract? How does Onion Mixer manages to provide users with complete transaction privacy?
Which is the more important aspect of OnionMixer’s success
1)zkSNARK based coin mixing to ensure user privacy or
2) Liquidity mining and anonymous mining to create more engaging community around OnionMixing.
I am seeing that 70% of the total OMT will given as Anonymous transection mining reward,will those token holding aslo fall under penalty mechanism as of liquidity mining? If this is the case then how OnionMixer looking forward to creating an humble community around the ecosystem?
Onion Mixer has built a sustainable tokenomics based on its own native token OMT. How can we get the OMT token, what functions does it have and what is its distribution according to tokenomics? Are there any privileges for OMT token holders?
Hi OnionMixer!
OnionMixer mixes transactions in the contract to cut off the links between input and output addresses, and thereby achieves transaction privacy. User sends an asset to the smart contract, the smart contract generates a string of zero-knowledge proof codes. When the user wants to withdraw assets he/she needs to provide the corresponding zero-knowledge proof code and a new address. Is there a remote possibility that ZK proof codes will be lost and a user will not be able to recover the funds?
Hi OnionMixer!
I know at least one completing project that uses zkSNARK zero-knowledge proof approach to break the connection between input and output addresses Tornado Cash. There are probably other competitors out there as well. Please tell us about OnionMixer unique features that make it stand out from the competition. What are you offering users in terms of convenience and functionality that will incentivise them to become loyal Onion followers?
Hi OnionMixer!
Unlike traditional transaction mining, Onion Mixer’s “anonymous transaction mining” incorporates an exit penalty mechanism to effectively curb the speculative behavior of short term traders and further guarantee the safety of transaction mining. Could you share with us more details about this exit penalty mechanism you employ? How much is the fee, will paper hands lose a large portion of their holdings when withdrawing from the pool? Will you clearly advertise this penalty so that users are aware of the loss before actually trying to withdraw the funds?
I read that you draw the analogy of the Onion Mixer to Tor. I started looking for information and really found similarities. One of them is the onion in the Tor logo. Tell me, what features of Tor prompted you to create Onion Mixer, which ones are entirely your idea, and what features do you have that Tor does not?
I am really curious why did you choose the name Onion Mixer? What is the story behind this name and how will users experience it?
There are already some privacy projects in the market. What makes Onion Mixer different from them? By using which feature will you get investors and users in Onion Mixer?
Privacy is very important but security is also very important. How secure is Onion Mixer? Can users safely user Onion Mixer?
I see that OnionMixer want to solving the privacy transaction problem of hundreds of billions of dollars per year. Do the user need to do KYC? How OnionMixer make sure the maximum privacy in a transaction? What technology do OnionMixer use?
How safe is it to use your mixer? There have already been precedents when a person who used the mixer was blocked on Binance and could be left without money.
There are 100 billion OMT token issued in total. On your tokenomics said airdrop and marketing 2%: To support the ecosystem development and external collaboration. Can you share with us about your OnionMixer airdrop, what kind of airdrop? How do user able to join in your airdrop?
What is the fee for sending 1 ETH to a Bitcoin address? Will Mixing increase the cost of the transaction? What rate do you use to make the transfer?
I understand that OnionMixer exist for purpose of protecting user privacy.The Onion protocol want to solves the problem of the lack of anonymity and privacy of crypto assets in the current blockchain. But in this world, we already hear much people use this kind of service for illegal activities. So how do you manage to prevent people use your service for illegal transaction? Can you share your opinion?
Wow, that’s the only thing that popped into my head when I saw your GitHUB. Why is there only Landing-page code? The GitHUB is version control, but we can’t see the development progress. Is it so secret?
Hi ,
First of all won’t this make a great platform for illegal transactions ?, and will the government not try to ban it ? . Also It follows coin mix idea, but incorporates zero-knowledge proof technology. Can you explain to us how that zero knowledge proof technology works?
Thank you .
I am from the mainland and want to apply for purchase, thank you