It is clear that in spite of the apparent experience of its management in creating tools to con consumers into investing money, the claims made by www OneCoin are quickly exposed as fabrication.
OneCoin’s style utilizes prestige and public presence to produce a picture of value and authenticity. The so-called ‘OneAwards’ claim to reward effective traders, who are invited to the company’s award events. These events also function as fundraising events for the One World Structure’s “jobs.” So rather than focusing on just the good with www OneCoin eu lets look at the big picture.
” OneAwards incentivize the success stories. We award such as Black Di [a] mond and Double Di [a] mond. Becoming part of this exclusive cirlcle [sic] comes with awards, high-end products such as Rolex watches, Money Rewards, and Luxury cruise vacations. Other members will be motivated by your achievement– and realize exactly what big opportunities One deals.”.
OneCoin Worldwide Bitcoin
It was the most current event in Dubai that prompted James Dollahan to send out his own advisory relating to OneCoin’s practices. Dollahan, who works for Filipino speaking with firm Worldwide Top, verified to CoinTelegraph in emailed remarks that a group of partners had participated in the Dubai occasion, together with “around 3,000″ others. He explained:.
” They met with the owners and managers of Onecoin and yes, their behavior and things stated were just as I had actually warned them about. Absolutely nothing that could be validated other than on their own sites […] Relating to technical questions, they were not detailed in their responses and much did not make good sense to them based upon what real crypto currencies are.”.
According to OneCoin, 650,000 OneCoins in addition to “50.000 cash” of undetermined currency were donated to the One World Foundation throughout the occasion.
Dollahan’s concern was stimulated by a separate marketing stunt including Ignatova herself. An alleged interview was published on the front page of Forbes Bulgaria for its Might 2015 concern, which OneCoin subsequently advertised on its site and flowed in paper kind at the Dubai event.
While OneCoin refers to it as an “interview”, however, upon closer assessment it becomes clear that the product is a paid ad. The cover published on OneCoin does not match that from Forbes’ own site. Dollahan distributed an e-mail exchange appearing to consist of verification of the paid ad campaign from Forbes, which is still being verified at the time of composing.
False good friends.
The One World Structure, advertised as the main spin-off of OneCoin, claims to help disadvantaged children through donations gathered via OneCoin’s operation and special events.
Its website states it is “supporting” numerous organizations consisting of One Laptop computer per Kid and Seva, however provides no info about how precisely it does so. A ticker on the homepage states at the time of writing that 73 children have actually been “assisted,” yet again no more info is offered.
The Structure also mentions its mission is to “empower children and youth to find out about today’ seconomy. To make them accountable grownups, who comprehend loan and who can build up a flourishing life.” It is unclear how these objectives are being fulfilled by the alleged support.
OneCoin’s obvious partner, Aurum Coin, on the other hand has actually seen little activity given that November 2014, with Bitcointalk debate highlighting the absence of backed-up claims and numerous fraud reports.
Glaring small print.
OneCoin is otherwise specified to be registered in Gibraltar and Ignatova’s alleged house country of Bulgaria. Despite its base, nevertheless, it is conspicuous that the USA is among the “restricted” nations with the site mentioning:.
” Marketing Partner Applications might not be accepted from homeowners within these areas, or there may be limited payment options offered.”.
In its evaluation of OneCoin, MLM news, blog commentary and reviews recommends that this is because “OneCoin would quickly fall foul of SEC regulation concerning the offering of unregistered securities.”.
What makes OneCoin more than likely to be pure fabrication is nevertheless an easy fact. No place on resources such as CoinMarketCap is OneCoin to be discovered. No details concerning its technical requirements can be quickly discovered and is impossible to confirm.
CoinTelegraph would advise to readers that they do not commence transactions with OneCoin, its spin-offs or associates. Any other tasks connected to the stars mentioned in this short article ought to be prevented at all expenses.