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I've heard the same ... I've heard OneCoin is not a true cryptocurrency, it's just a pyramid scheme using cryptocurrency buzzwords ... anyone knows anything more?

Edit: of course wikipedia knows ... https://en.wikipedia.org/wiki/Onecoin

Not a tradeable coin, customers can "mine" the coin through buying tokens(?), if there actually exists a blockchain it's running on black boxes owned by the company (which pretty much defeats the purpose of having a blockchain in the first place) ... so, scam it is.