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Frequently Asked Questions Regarding OneCoin ICO

 

Frequently Asked Questions Regarding OneCoin ICO

 

Below are some frequently asked questions with detailed answers regarding OneCoin offering to open market. I hope these questions and answers will minimize the confusion among OneCoiners. 

1. What is an ICO?
COs are relatively new mechanisms, typical for hi-tech and innovation companies, enabling them to boost
their activity. Due to the different purposes and tools utilized during these processes, there is no unified
and commonly accepted legal definition. Participants in such projects refer to the distribution of tokens
in various ways.

 


2. Are the COs legal/ regulated?
Yes, however, due to the innovative and specific nature of these business tools, there is no unified legal
regulation. In principle, the way of regulation depends on the purpose and the type of tokens used for the
COs. There is no regulatory consensus in relation to the legal status/nature of the tokens. Tokens may be
classified as security, asset, equivalent of currency or another instrument not having the features requiring
regulation from financial regulators. Further, the legality of CO initial coin offering depends on countries’
economic policy. Thus, COs are legal in many countries is illegal in single countries as for instance
Bangladesh, Bolivia, India, Pakistan or Algeria.

 


3. What are the risks related to the COs?
Currently, from the regulatory perspective, the following non-exhaustive list of related types of risks are
outlined below for informational purposes:
– Market volatility risk – relatively recent rise of the market and the unpredictability of the future
economic environment may cause significant impact;
– Cyber security risk – software weaknesses, malicious attacks, system failures;
– Industry/competition risk – quick amortization of the technologies used, rapid development with
constant appearance of upgraded technologies, unfair competition practices etc.;
– Media risk – media interest that may lead to breaches of confidentiality, unfair competition
practices through media etc.;
– Regulatory & compliance risk – rapidly developing sector may suddenly become a subject of
statutory and regulatory requirements, which may alter the business;
I. THE PRESENT OFFERING

 


4. What is ONE?

ONE is the abbreviation of the Onecoin cryptocurrency. Onecoin is a cryptocurrency based on a fully
centralized blockchain system with KYC of its users implemented in the blockchain. Detailed information
can be found on
www.onecoin.eu
5. How is the token called?

The tokens are called “OFC”

 


6. Are the OFCs transferable?
The OFCs are not transferable. The OFCs acquired during the Offering are registered under the name of
the respective participant and can’t be transferred to another participant. OFC bundles are acquired for
conversion to ONEs after the designated date. No other than the stipulated rights are provided when
purchasing OFCs. The purchase of OFC bundles does not give any shareholder rights.
7. How is the present Offering structured?
The present Offering consists of one informational period and 3 Rounds of one month each, as follows:


Round 1 – October 8 – November 7/2018;
Round 2 – November 8 – December 7/2018;
Round 3 – December 8 – January 7/2019;


During the informational phase interested people can preview the information about the Offering without
being able to purchase any of the bundles listed. The OFC bundles offered will be available during the
above listed rounds under the terms of the current round. On October 8
th, 2018, the OFC bundles will be
available for purchase under the supervision of AHS Latam S.A., Republic of Panama.
During the current Offering, the closer to final round the less OFCs will be offered with each of the bundles
and the incentives related to each bundle will decrease.

 


8. What will happen on January 8th 2019?

On January 8th 2019 all participants who purchased OFCs will be able to convert them into ONEs. That
means that the Onecoin will become publicly used and traded. Strictly speaking the present Offering
differs from the traditional Initial Coin Offerings as it is not initial, but the coin becoming publicly usable
as opening the secondary market for people who wish to acquire ONE outside the OneLife Network.
A huge advantage is the fact that ONE has already established global user base of more than 3 million
people, strong and recognizable brand and online e-commerce platform where ONE can be utilized.
Detailed information can be found on
www.onecoin.eu
9. Who can participate in the Offering?
Any individual and/or entity covering the eligibility criteria set, can participate in the present Offering.
10. How to register for the Offering?
To register for the present Offering and purchase OFCs, please go to www.onecoinico.io and follow the
steps of the registration process. Each participant must choose whether to participate as individual or
entity and to submit the relevant KYC/KYB information.


11. What should participants be aware of before starting the registrations process?

 


All participants must:
– have read, understood and accepted the T&Cs applicable;
– be aware of the regulations applicable in their countries;
– be aware of the subject and the risks related to participation in such processes;
12. How and where participants will be able to check any developments after the registration?
Upon successful completion of the registration process, individuals and companies will have specific
accounts. To update and check for developments the participants must login to the website and enter
their accounts, where they will be able to see their KYC/KYB status, check payments, updates on the
information provided etc.
13. Is there a limit for purchase of the OFC bundles during the Offering?
Each of the bundles shows the number of OFCs contained in each one of them. There are no limitations
related to the purchase of the bundles. Please note that OneLife network will not be able to receive OFCs
for ONE. The payment methods allowed during the Offering are defined on the website and displayed
within the accounts of all registered participants.

 


14. What is Mandatory Discount Period?
“Mandatory discount period” is a time frame during which specific percentage of the OFCs received by
the participants are withheld against additional discount, namely receiving additional quantities of coins
as discount (which indirect reduces the pricing). The so-called mandatory discount period is set according
to the implemented Protection Policy.
The mandatory discount period will be 1 year long and will refer to the 80% of the total number of coins
acquired by participants after the conversion from OFC to ONE. These 80% of the total number of coins
will be held for 6 months and will receive 5% more coins. On April 8, 2019 the next 30% of the coins will
be released. The remaining 50% will receive 10% more coins and will be held for the next 3 months. On
July 8, 2019 the next 30% of the coins will be released. The remaining 20% will be held for additional 3
months and will receive 15% more coins. All coins will be available to participants latest on October 8,
2019.
NB. All titles and names given are for orientation, avoidance of confusion and explanatory purposes only.
Nothing in the offering and/or the discount within the offering is not and shall not be interpreted and
understood as investment, legal or financial advice or any other type of financial and/or investment
activity.


15. What is a Protection/Release Policy?


The Mandatory Discount Period is also made to serve the purpose of creating an OFC with preventive and
protective nature, because the participant will be granted additional number of coins on the one hand
and the gradual release implemented will prevent potential market flood and price volatility on the other
hand.
The release strategy of the coins starts from January 8, 2019 and is as following: 20% of the total number
of coins are released immediately after the OFC to ONE conversion. The rest of the amount, 80% of the
coins receive 5% more coins and will be held for the next 6 months. On April 8, 2019 the next 30% of the
coins will be released. The remaining 50% will receive 10% more coins and will be held for the next 3
months. On July 8, 2019 the next 30% of the coins will be released. The remaining 20% will be held for
additional 3 months and will receive 15% more coins. All coins will be available latest on October 8, 2019.
16. What currencies are accepted in the sale?
EUR, Bitcoin and/or Ethereum

 


17. When can I get my ONE Coins?

 


Conversion of OFC to ONE starts from January 8, 2019 and is as following: 20% of the total number of
coins are released immediately after the OFC to ONE conversion. The rest of the amount, 80% of the coins
receive 5% more coins and will be held for the next 6 months. On April 8, 2019 the next 30% of the coins
will be released. The remaining 50% will receive 10% more coins and will be held for the next 3 months.
On July 8, 2019 the next 30% of the coins will be released. The remaining 20% will be held for additional
3 months and will receive 15% more coins. All coins will be available latest on October 8, 2019.
NB. All titles and names given are for orientation, avoidance of confusion and explanatory purposes only.
Nothing in the offering and/or the discount within the offering is not and shall not be interpreted and
understood as investment, legal or financial advice or any other type of financial and/or investment
activity.

Updated: September 15, 2018 — 5:56 am

1 Comment

  1. Is it possible to identify deal shaker merchants basing on the county to country???

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