OneCoin is a Cryptocurrency or Virtual Currency that is becoming the Currency of the Future. This Cryptocurrency was created in September of 2014 by Dr. Ruja Ignatova, PHD in Law and M. Jur of the University of Oxford and MSC in Economics of the University of Konstanz. Ignatova was a partner of McKinsey & Company and CEO and CFO of an Asset Management Fund in Bulgaria, her home country. In 2012 she was recognized as the Business Woman of the Year in her country in the International Business category. Dr. Ignatova has 2 books published in German and Chinese.
The transactions associated with a Cryptocurrency are recorded in an Information Chain of Blocks (Blockchain) which is the digital equivalent to an Accounting Book. The data contained in the Blockchain is stored on several computers interconnected through a Distributed Network; which guarantees the security of this information. The creation of Cryptocurrencies (process known as Mining) is based on a pre-established amount, which in the case of OneCoin rise up to 120,000 million coins. Blockchain uses Mathematical Algorithms associated to the amount of Cryptocurrencies to be created; so it is not possible to create additional currencies (as the Central Banks do), consequently the Virtual Currencies are not associated with inflationary processes.
OneCoin has been mined by the company OneLife since January 2015 through a private Blockchain. OneLife's Blockchain is audited monthly by External Consultants who certify that the amount of OneCoin mined is genuine and in accordance with the transactions recorded in its Blockchain. OneCoin's Blockchain can perform more transactions than global credit card providers.
Given the novelty of the business, transactions with Cryptocurrencies are not regulated. Unlike transactions with Bitcoin and other Cryptocurrencies, transactions with OneCoin are not anonymous. OneCoin anticipates the future regulations of the market by establishing among its own rules the KYC policy (Know Your Client), for which it keeps encrypted in its Blockchain Identity Documents of its users; guaranteeing the transparency of its operations. Thanks to this policy OneCoin can’t be used for illicit purposes such as Narcotics, Money Laundering, Weapons Traffic and Terrorism Financing.
In January 2016, the International Monetary Fund presented a Report to the World Economic Forum in which it points out the virtues of virtual currencies and Blockchain technology, and indicates that they go beyond the currencies themselves. The IMF recognizes in the document the risks and drawbacks associated with the lack of regulation of cryptocurrencies and insists that the associated technology must be known in order to be able to regulate them; and therefore invites to the cooperation between governments to create a homogeneous international regulatory framework that protects users without repressing innovation.
OneCoin's mining access is obtained by purchasing OneAcademy Educational Packages, an innovative and sophisticated e-learning platform that features a highly structured and easy-to-understand 7-levels Certification Program developed by financial and academic experts; which covers a wide range of financial issues, including Trade, Stock Exchange, Cryptocurrencies, Financial Analysis and Asset Management. Each educational package has associated a number of promotional tokens according to the investment made, which are used in the minting of the currency; So the investment in your Financial Education is rewarded with OneCoins.
The tokens provided with Educational Packages may be used at any time to mine OneCoins; However the most opportune time to do this is when the Split Barometer of the OneLife platform reaches 100%. At that time your tokens are doubled, so you could mine twice as many OneCoins with the same investment.
OneLife billed € 1.5 million in its 1st year. Companies like Facebook and Google took years to reach these billing levels. OneLife bases its growth on Direct Sales of its educational packages through Network Marketing. Members who promote OneLife's educational packages, products and tools (optional) are rewarded with a lucrative bonus package. OneLife burst into the Direct Sales, Network Marketing and Multi Level Marketing industries. After 19 months of operations, 4 of the top 5 positions of the Top Earners Ranking published by the Business for Home Foundation are held by company leaders.
The value of a Cryptocurrencie is based on its usability and market demand. The value of OneCoin has risen 13 times from 0.5 to 7.85 € in its first 23 months, time at which OneLife had affiliated 2.75 million users distributed in 195 countries and has mined over 1,720 million OneCoins. The revaluation of OneCoin is expected very powerful, we are participating in the birth of the Cryptocurrency with the best Business Plan ever seen. The company projects that by the end of 2018 the value of OneCoin will be about € 25, the OneLife community will reach 10 million users and more than 1 million shops will accept payments in OneCoin; this will provide OneCoin with a community backup greater than any cryptographic currency.
There are 2 billion people in the world who do not have a bank account but have a mobile phone and represent a very large potential market with a need that OneCoin can cover.
OneLife is developing applications and products to enhance the use of OneCoin and will pay commissions to its members for finding physical and online merchants that accept payments with this Cryptocurrencie (there are already a OneLife Tablet and an Application Developer for Smartphones). OneCoin will allow faster international transfers at very low cost. There will be OneCoin ATMs, Cashbacks and OneCoins Giftcards.
How the Business Model of the company leverages in Network Marketing to promote the development of its community; there are those who argue that OneCoin is a Pyramidal Scam, a Ponzi Scheme, a fraud, a deception; but, why does the river sound?.
In its beginnings all the companies that promote their products and services through Direct Sales, NM and MLM have had to face this type of rumors. There are those who create these rumors to direct the Internet traffic to their pages, others do so because they have invested in other Cryptocurrencies and it does not suit them the success of OneCoin. Added to this, governments are concerned about the strength that a Cryptocurrencie can achieve, as this by becoming strong reduces power to their banks. On the other hand, the Cryptocurrencies that consent anonymity in their transactions foment the Tax Evasion.
These rumors are based on speculation from interested parties. After 19 months of operation, there are no complaints, lawsuits, or legal demands from any public or private institution that question the legality of the OneLife company. There are, however, Legal Opinions from prestigious law firms in Germany, Bulgaria, Italy, Norway and Switzerland that certify and endorse OneLife's products and marketing plan as legal and legitimate. Both the Legal Opinions and the results of the External Audits made to OneCoin's Blockchain are published on the OneLife page.
Access to OneCoin is EXCLUSIVE to OneLife members and will remain so until 80% of coins are mined; time at which it will hit the market.
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OneLife Educational Packages can be purchased in EUR, USD, local currency or Bitcoins.
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OneCoin | The Future of Payments