DeepOnion is a community-driven hybrid cryptocurrency project. A hybrid cryptocurrency implements both Proof-of-Stake (PoS) and Proof-of-Work (PoW) mechanisms for network functionality. According to the whitepaper, DeepOnion aims to minimize the possibilities of identification by legal or illegal entities. This goal of the platform helps to ensure the anonymity and privacy of cryptocurrency users. To achieve anonymity, DeepOnion proposes to incorporate anonymity-focused networking protocols. DeepOnion is to implement blockchain innovations such as Stealth Address to ensure that user privacy is not violated. DeepOnion aims to be built on transparency and integrity to gain the trust of the users.

DeepOnion believes that individual finances should not be scrutinized by any entity. DeepOnion integrates the TOR network to meet the dynamic demands of security and privacy. The TOR network enables users to stay anonymous and communicate with other users. According to the whitepaper, having a core community is considered the element for the success of the DeepOnion platform. Privacy and anonymity plus speed and cost of transactions are the issues faced by the existing cryptocurrencies. DeepOnion aims to address these issues of digital assets through platform services.

DeepOnion proposes to utilize technological innovations such as DeepSend, DeepVault, and mobile wallets to enable users to make fast payments using cryptocurrencies. The ONION platform would also assist in e-commerce purchases. The VoteCentral smart contract of the ONION platform helps to make sure that the project is directed by a decentralized community through unanimous voting. The DeepOnion Academy looks to provide educational materials for the users to spread blockchain-related awareness.

ONION is the native token of the DeepOnion platform. Users avail themselves of the platform products and services using the ONION token. Using a PoS mechanism, users stake their ONION tokens to exert governing rights on the platform. The DeepOnion Mobile Wallet allows users to store and use the ONION tokens easily. The whitepaper of ONION was released in 2017.