If you are here to know about Onecoin then you are on right page. In this Onecoin review, we will discuss those entire question which is coming on your mind related Onecoin, such as, Is Onecoin Scam or Legit? Or Is OneCoin Real or Fake? Is One Coin MLM Scam? Is One Coin Crypto Currency Scam? And what is One Coin and how does it works? But if you want a short review on One coin then we want to clear you that we do Not Recommend to OneCoin to anyone. This is because we never recommend those kinds of companies which have not proven a good record in last few years. We always recommend those companies which have legit and there is zero risk to work with them and peoples can stabilize their full-time online business.
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OneCoin News and background of OneCoin
The domain of Onecoin was registered on 23 June 2014 with the name of onecoin.eu. One coin has hidden their information initially. They did not provide their owner details in WHOIS records; they are hiding there all identity. No one is sure that where is Onecoin located but as per Onecoin claims Onecoin is located in Bulgaria, Europe.
The two investors of Oneone have been arrested in Dhaka, Bangladesh, for promoting Ponzi scheme. The name of those investors is Nazrul Islam Namun and Zahirul Islam Zahir and the Ponzi scheme which they were promoting is LLgamos and ImpaxGold. So it is clear that the business model on Onecoine is completely based on Ponzi scheme because they have no any retail product or members where they can sell One coin token which has minimum cost 100 Euro.
Dhaka police officer confirms that Nazrul and Zahir were providing false information about their business at the presentation in the hotel. They also found a very large amount of money which they are using for promoting Onecoin. So the case has been filed for the further investigation in Bangladesh.
One another case has been registered in Sweden. After research, Sweden’s gaming board told that Ponzi scheme of Onecoin is not clear. And they told that Onecoin is using as another scheme name as Pyramid scheme. So Onecoin is under investigation in Sweden and Sweden proves that Onecoin has many complaints in another country.
What is OneCoin and how does OneCoin Works?
In above we told you that we do not recommend OneCoin, we have discussed some news or background of OneCoin. It is very risky to work with this company. However, if want to know that how this company works and what they are providing to earn money? Then there are the details in brief.
OneCoin is not selling any real product or service on their website so how can they pay to their members? Their focus is only to increase traffic on their website, that’s why they are providing this lucrative affiliate programs. Not only OneCoin, there are many Ponzi scheme website are available on the internet which have already failed in Ponzi and Pyramid scheme.
There is $30 fee for Onecoin Membership, but if you want to earn through your referral then you need to purchase a package which will cost from 100 to 5000 Euro. You can purchase a more expensive package, if you make more referral then you can earn more referral commission and more tokens known as OneTokens. With the help of this OneToken they just want to make their trust with members, they told that is a new cryptocurrency which can be traded from onerxchange. These Onecoin’s and One Tokens are just Ponzi point because these values depend on the rate of new money coming into the Onecoin affiliates investment. There is no any cryptocurrency available here.
Conclusion
We already mentioned above that OneCoin is working on two schemes Ponzi and Pyramid. So it is very risky to work with this company, they can be stopped and run anytime. They can stop paying their members if they will not get new affiliates on their website. So we Not Recommend this Company because their business model is completely illegal or unsustainable.
If you don’t want to waste your money and time with these fraudulent websites, then we recommend you to join Wealthy Affiliate, this is trusted company which is working online since 2005. Wealthy Affiliate provides training and program on their website to earn money online. If you want to join Wealthy Affiliate then please click this link; https://onlineincomeresources.com/the-wealthy-affiliate-review-scam-or-legit
If you have any question on your mind related to Onecoin then please ask in our comment box. We will happy to help you.