What is OneCoin?
If you are searching for the question “What is OneCoin?” or “Is OneCoin Scam?”, you are at the right place. OneCoin cryptocurrency is an upcoming digital currency, based on cryptography and network marketing. It is an easy to mine, easy to trade and easy to use cryptocurrency.
This cryptocurrency is promoted by offshore companies OneCoin Ltd (Dubai) and OneLife Network Ltd (Belize), both led by Bulgarian Ruja Ignatova.
Also Read: OneCoin Latest Updates March 2018
OneCoin is generated through a process called ‘mining’. Each OneCoin is unique, just like the serial number on a paper bill. It is not an alternative to Bitcoin. It totally different from Bitcoin on the basis of its structure.
With the help of this coin, people will be able to make transfer and payments in near future. OneCoin is the first digital currency based on network marketing.
This makes OneCoin unique among all the other digital currency. Some new coins are coming with same marketing strategy but they can’t compete OneCoin.
The reason is simple, OneCoin has created a strong user base by using its networking marketing strategy. And the new coins will take time to reach the level of this cryptocurrency.
Also Read: How true is OneCoin?
Additional Information About OneCoin
OneCoin is one of the biggest reserve currencies around the world. It works in the same manner as money issued by governments.
The finite number of OneCoins is 120 Billion, guaranteeing they cannot be affected by inflation and are impossible to forge.
Cryptocurrencies are decentralized, it means they are not tied to any specific country or central bank, the value of the coin depends on various factors such as usability, demand, and supply.
After joining the OneCoin Cryptocurrency, users become part of a global network of millions of OneCoin miners. The users are free to use their Coins in different ways.
They can mine the coin and get the advantage of its value. Soon they will also be able to make payments and transfer money to and from different parts of the world.
OneCoin is called the Bitcoin of next generation. When we compare the technology used behind cryptocurrencies we will come to a conclusion that OneCoin is the most powerful currency that will break records of all times.
When it starts its journey, its value was 1 OneCoin= 0.5 Euro. At present, it is 1 OneCoin=20.75 Euro. The value is increasing with time.
How OneCoin Works?
OneCoin Works on the basis of blockchain technology. The blockchain technology for OneCoin is still under development.
The company aims to build a strong blockchain technology that can solve all the issue that Bitcoin users are facing i-e Security and transaction issues.
The unique Blockchain of OneCoin is introducing the new industry standard to store Know Your Customer (KYC) information.
It runs every minute and is tailored to meet both customer and merchant needs. By using this blockchain technology risk of security will be minimized.
The purpose of introducing OneCoin is to improve the lives of all people around the world. OneCoin has mentioned on its official website that they give instant access to financial services.
OneCoin is also providing the educational tools that simplify and clarify digital currency.
The company believes in Leaning before earning. The slogan of one academy “Learn Today, Lead Tomorrow” simplifies everything.
OneCoin helps individuals and merchants to understand and use the OneCoin cryptocurrency in a right way with the help of one academy.
OneAcademy let you know about the business idea and functionality of OneCoin. You can learn about different courses in which you will be teaching “How to earn from your OneCoins?” and How to Start Marketing of Your OneCoin.
OneAcademy is an innovative e-learning platform that covers following range of financial topics:
- The stock exchange
- Financial analysis
Asset management and many more.
The mission of OneAcademy is to provide the cryptocurrency Users with the guidance and educational materials they require to achieve financial literacy.
OneAcademy is highly-structured and easy to understand. It is developed by expert people from the field of finance and academics.
Also read: Onecoin To PKR in 2018 & OneCoin Value
OneCoin is a Ponzi Scheme? or Is OneCoin Scam?
Probably you have also searched for “What is OneCoin?” on Google and you find in result something like “OneCoin is a Ponzi Scheme” or “OneCoin Scam.”
It often happened when you search for an opportunity on Google, you will come to know that the top search result you are seeing will involve the world scam.
There is a big market for blogging about the scams of the world and that involves MLMs. The blogger involves in writing such articles get paid when people visit their site and click their ads. Most of them only care about the traffic that they want to bring to their blog.
The reason why blogger target such keywords, there is a tremendous amount of traffic involving these keywords with less competition.
I’ll suggest, do your own research. Approach the people around you who are already working for OneCoin.
You can only get the answer to the question What is OneCoin from the people around you.
If you choose to take part in the OneCoin opportunity. Because no one can guide you perfectly but your own research.
The company press release:
“It is with great pride that we announce the first steps OneCoin is taking toward being publicly traded.
The procedure every company has to go through in order to become listed on the stock exchange is long and complicated, so we are sharing the information 15 months in advance, so we can all prepare accordingly. It is official – OneCoin is going public at the end of 2018, and we want the coin to be open to everyone willing to buy and sell OneCoins.”
The expected date for the OneCoin release is 8th October 2018.
I hope this article will help you in understanding what is OneCoin. I wish you the best of luck if you are going to choose OneCoin. If you choose not to, then best of luck in any venture you choose.
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