There is no information on the OneCoin website indicating who owns or runs the business.

The OneCoin website does have an “about” section, however no information about the company’s ownership structure is revealed.

The company does state however that it is headquartered in Europe with worldwide operations. We focus on core markets such as South East Asian countries, Europe, India and Africa.

Conspicuously absent is the US.

The OneCoin Terms and Conditions suggests that the company is based out of Bulgaria: Onecoin follows strictly the regulations  of the Electronic Commerce Act of the state of Bulgaria.

We are not in the business of selling your personal information to third parties. Where permitted by the provisions of applicable law, Onecoin may though share such information from time to time with the following third parties:

Any government agency or other appropriate governmental, police, or regulatory authority in state of Bulgaria or elsewhere in order to meet legal security and regulatory requirements.

The OneCoin website domain (“onecoin.eu”) was registered on June 23rd 2014, however the domain registration is set to private. OneCoin’s website itself is hosted out of Bulgaria.

As always, if a MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.

The Product Line

OneCoin has no retailable products or services.

OneCoin affiliate are only able to market affiliate membership to the site itself.

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The Compensation Plan

  • Recruitment Commissions
  • Residual Recruitment Commissions.
  • Matching Bonus
  • OneLife Point Bonus
  • Aurum Gold Coins

Conclusion

There are three primary component to the OneCoin MLM business opportunity.

The first is a simple recruitment-driven pyramid scheme, backed with a residual binary compensation structure.

Affiliates join and are then directly compensated on the recruitment of new affiliates, who must spend money on packages to participate in the MLM opportunity.

The second is the whole Aurum Gold Coins schtick, which appears to be an alternative virtual currency to the OneTokens, and are backed by baloney.

The third and most secretive component is the token share scheme.

OneCoin is a new cryptocurrency that can be traded on the OneExchange.

Details of the token exchange are kept off the OneCoin website, with even the compensation plan only lightly going into details.

In a nutshell, based on how much an affiliate spends on a package, they are awarded a specific number of OneTokens.

  • Starter – 1000 tokens
  • Trader – 5000 tokens
  • Pro Trader – 10,000 tokens
  • Executive Trader – 30,000 tokens
  • Tycoon Trader – 60,000 tokens

These tokens are “traded” on what OneCoin refer to as the “OneExchange”.

Masquerading as a crypto-currency, OneCoin’s OneTokens are nothing more than Ponzi points, pegged to nothing more than the rate of new money flowing into the company via affiliates:

The more people join the OneCoin concept, the higher the popularity and value of the currency.

The more popular OneCoin is, the higher the value of the cryptocurrency.

As long as nobody exchanges their OneTokens for cash, OneCoin hold everybody’s money. If money flowing in slows down however, OneCoin implement what they refer to as “splits”.

Basically, everybody’s tokens multiply, which drives down the value of an individual token.

OneCoin are quite secretive about their OneExchange virtual currency trading platform, however one can safely assume ther’re withdrawal limits and restrictions on the amount of tokens an affiliate can “sell” over set periods of time.

In this sense OneCoin functions no differently to any other Ponzi points-based scheme, only they pretend to be involved in crypto-currencies.

In the US at least, OneCoin would easily fall foul of SEC regulation concerning the offering of unregistered securities. This is why the company purportedly does not operate there.

Not that Europe is any more welcoming of such scams, only that the anonymous owners are obviously hedging their bets against getting away with it by registering the company in Bulgaria.

Once new investment in packages stops and the completely arbitrary value assigned OneTokens goes into an irreversible spiral, those running the scheme will simply disappear.

Along with what’s left of everybody’s money.

…read more

Source: BehindMLM

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