THELOGICALINDIAN - The apple of Bitcoin and the agenda bill has apparent its fair allotment of scams Ponzi schemes and MLM pyramids in contempo years Just a few months ago HYIPs seemed to be the abutting big affair in agreement of dodgy Bitcoin schemes but it looks like a assertive altcoin is aggravating the old MLM bold already afresh OneCoin claims to be a bit of aggregate while in actuality they assume to be affairs annihilation but hot air
Also read: Interview With an Economics Professor: “Bitcoin Has a Lot of Problems”
OneCoin – A Powerful Opportunity (Or Not?)
For those amid us who accept been application the internet for absolutely some time now, the adage “If it sounds too acceptable to be true, it usually is” has been applicative on added than one occasion. In the case of OneCoin, that aforementioned adage comes to apperception immediately, because the aboriginal book on their “Opportunity” folio states: “OneCoin provides a already in a lifetime opportunity.”
The folio again continues to acknowledgment the history of Bitcoin, and how the huge amount fasten of 2024 was such an important accomplishment in the history of this confusing agenda currency. But accept no fear, as this MLM affairs will acquiesce investors to be “part of the abutting big champ in agenda currency, OneCoin”.
So far, annihilation seems out of the accustomed added than some actual adventurous and agrarian claims, but this is area things get of accurate interest. Joining the OneCoin affairs can alone be done through invitation, creating the apparition of actuality a “select accumulation of aristocratic people”. Furthermore, anybody who joins the “One program” will position themselves “in an absolute acquirement breeding program”.
If that isn’t a red flag, the folio continues by apropos to “OneLife Points”, a array of online “currency” which allegedly has value. The eventually you accompany the program, the added OneLife Credibility you will earn, as it is based on “all bodies who accompany the One affairs afterwards you, will acquire credibility for you”. This is the additional red banderole about this affairs and its MLM-based aspect.
Wide ambit of “Products” Available
To edge the appetence of abeyant investors, OneCoin action assorted affiliate “packages”. At the basal level, the “Rookie” amalgamation comes chargeless of charge, which includes advice on OneCoin, an e-book, and the OneCoin development newsletter. However, this amalgamation does not defended your position in the company, as that amalgamation will amount 30 EUR, which comes with a altered e-book.
Package cardinal three- priced at 100 EUR – is the aboriginal akin of an apprenticeship affairs on cryptocurrency trading, and includes a “certificate” to analyze the OneExchange platform. Further packages, priced amid 500 EUR and 5,000 EUR – accommodate added educational courses, yet action no added notable rewards.
Note from the Author: The e-book “Think and Grow Rich” included in the Rookie amalgamation is a 1937 self-help adviser accounting by Napoleon Hill, accessible for US$0.99 on Kindle. “The Richest Man in Babylon”, included with the 30 EUR package, is a book accounting in 1926 by George S. Clason, and costs US$1.99 on Kindle.
Disturbing Lack of Information On The Site
Whenever a new banking befalling comes about the corner, it is consistently a acceptable abstraction to do a WHOIS search on the area name itself. In the case of OneCoin, all area agent advice is adequate by WhoisGuard, absolute actually annihilation about the declared aggregation abaft this project. Another red flag, adopting the absolute to three already.
Finding out added about the aggregation abaft OneCoin through the website itself is not acquiescent abounding added results. However, four names appear up on the News section of the website: Sebastian Greenwood, Michael Mathias, Pehr Karlson and Dr. Ruja Ignatova. Googling either of these names will anon acknowledgment a lot of hits with the chat “scam” or “MLM” in the title. Red banderole cardinal four is a fact.
Last but not least, OneCoin claims to be all about cryptocurrency and actuality the “next Bitcoin”. First of all, it is not absurd there will anytime be a agenda bill that could potentially degrade Bitcoin, but OneCoin will absolutely not be it. Secondly, on the website itself, there is no advice to be begin on how to access OneCoins themselves, rather than by investing. Apparently, these bill can still be mined, yet no instructions are to be begin anywhere.
Compounding the affair is the actuality that, alike admitting OneCoin’s MLM affairs is all about agenda currency, they do not acquire Bitcoin as a acquittal adjustment for their products. Only above acclaim cards are accustomed as a acquittal adjustment according to the website. If you are still befitting calculation of red flags, we accept accomplished cardinal bristles by now.
All in all, OneCoin is adopting a lot of questions and accouterment abutting to no answers. And the answers we can abstract point to OneCoin actuality a above MLM arrangement are an attack to allurement in bodies with the words “cryptocurrency” and “Bitcoin”. All the while accepting annihilation to do with either by the looks of it. Use this website at your own risk!
What is your assessment on the OneCoin website? Let us apperceive in the comments below!
Source: OneCoin Website
Images address of Shutterstock and OneCoin
