How about the inclusion of a Savings feature for Deeponion?
Savings-like products are available in almost all traditional Banks and could well be very useful to the Cryptocurrency World. Few days ago I was doing a research to find out if any of the available cryptocurrencies today has savings feature and to my surprise none has it. Seems Crypto Wallets are by design restricted to sending and receiving cryptocurrencies. For this reason, I am recommending the addition of the Savings feature to the upcoming Deeponion Mobile Wallet. If included, i believe it will put Deeponion in the list of cryptocurrencies with pretty good use cases and make it harder for trolls or critics to find faults or tag it a scam coin.
How it works
The Savings feature would enable Deeponion users put aside some Onions and lock them up in wallets for fixed amount of time thus become inaccessible until the expiration of the time. The fix period can vary from 15, 30 or 60days to 2years and can be as high as 20years. The feature can be designed in such a way that 2%—40% of onions are deducted from every transaction made in ones Onion Account and pooled into the Savings fund. Amount deducted can even be as high as 90%, depending on the owner's preferences.
Here are the benefits of the Savings Features:
The higher the number of users saving Onions — The higher the value of Onion:
Many users locking up their Onions will be great for Onion as it would contribute to the increase in the Coin price and help keep it valuable.Owner will benefit from the deflationary value of Onion: Cryptocurrencies are designed to keep increasing in value as long as people are buying and holding them. They could increase by as much as 10,000%. So imagine locking up $10,000 (ten thousand dollars) worth of Onions in an account only to discover that it have gone up by as much as $100,000 (hundred thousand dollars) in 5 years time.
It could serve as assets that can be Willed to love ones and relations in the event that the owner passes away.
It could be used as Collateral.
It would serve as retirement fund.
Finally, it could be created for specific future expenses such as for kids tuition fees, new housing or car.