WHAT IS A ONECOIN??
OneCoin is a new type of cryptocurrency. This currency is born out of the success of it’s peers, Bitcoin and Litecoin. Due to superior technology, innovative approach and usability, OneCoin has the ability to become the next successful cryptocurrency on the market. Like all cryptocurrency to come into existence OneCoin has to be MINED. Mining means the creation of new coins by the users. There are only 2.1 billion OneCoins that can be found. Once all of them are found, no new coins can be created.
ALL OneCoins will be mined by its user – OneCoin is not a premined currency! Coins are mined, by user joining a mining pool, where with joint resources a complex algorithm/puzzle is being solved. Once a solution is found, the mining pool is awarded a reward – in OneCoins. The more OneCoins are mined and the more user join the mining, the more difficult, time and resource consuming mining becomes. OneCoin uses a block chain model to verify the amount of coins that have been mined and issued into the market space.
A block is a sophisticated algorithm of hashed numbered that represent each mined coin.OneCoin is a new type of cryptocurrency. This currency is born out of the success of it’s peers, Bitcoin and Litecoin. Due to superior technology, innovative approach and usability, OneCoin has the ability to become the next successful cryptocurrency on the market. Like all cryptocurrency to come into existence OneCoin has to be MINED. Mining means the creation of new coins by the users. There are only 2.1 bn OneCoins that can be found. Once all of them are found, no new coins can be created.
OneCoin uses a block chain model to verify the amount of coins that have been mined and issued into the market space. A block is a sophisticated algorithm of hashed numbered that represent each mined coin.OneCoin is a new type of cryptocurrency. This currency is born out of the success of it’s peers, Bitcoin and Litecoin. Due to superior technology, innovative approach and usability, OneCoin has the ability to become the next successful cryptocurrency on the market.
Like all cryptocurrency to come into existence OneCoin has to be MINED. Mining means the creation of new coins by the users. There are only 2.1 bn OneCoins that can be found. Once all of them are found, no new coins can be created. ALL OneCoins will be mined by its user – OneCoin is not a premined currency! Coins are mined, by user joining a mining pool, where with joint resources a complex algorithm/puzzle is being solved. Once a solution is found, the mining pool is awarded a reward – in OneCoins. The more OneCoins are mined and the more user join the mining, the more difficult, time and resource consuming mining becomes. OneCoin uses a block chain model to verify the amount of coins that have been mined and issued into the market space. A block is a sophisticated algorithm of hashed numbered that represent each mined coin.OneCoin is a new type of cryptocurrency. This currency is born out of the success of it’s peers, Bitcoin and Litecoin. Due to superior technology, innovative approach and usability, OneCoin has the ability to become the next successful cryptocurrency on the market. Like all cryptocurrency to come into existence OneCoin has to be MINED. Mining means the creation of new coins by the users. There are only 2.1 bn OneCoins that can be found. Once all of them are found, no new coins can be created.
ALL OneCoins will be mined by its user – OneCoin is not a premined currency! Coins are mined, by user joining a mining pool, where with joint resources a complex algorithm/puzzle is being solved. Once a solution is found, the mining pool is awarded a reward – in OneCoins.
The more OneCoins are mined and the more user join the mining, the more difficult, time and resource consuming mining becomes. OneCoin uses a block chain model to verify the amount of coins that have been mined and issued into the market space. A block is a sophisticated algorithm of hashed numbered that represent each mined coin.OneCoin is a new type of cryptocurrency. This currency is born out of the success of it’s peers, Bitcoin and Litecoin. Due to superior technology, innovative approach and usability, OneCoin has the ability to become the next successful cryptocurrency on the market. Like all cryptocurrency to come into existence OneCoin has to be MINED. Mining means the creation of new coins by the users. There are only 2.1 bn OneCoins that can be found. Once all of them are found, no new coins can be created. ALL OneCoins will be mined by its user – OneCoin is not a premined currency! Coins are mined, by user joining a mining pool, where with joint resources a complex algorithm/puzzle is being solved. Once a solution is found, the mining pool is awarded a reward – in OneCoins. The more OneCoins are mined and the more user join the mining, the more difficult, time and resource consuming mining becomes. OneCoin uses a block chain model to verify the amount of coins that have been mined and issued into the market space. A block is a sophisticated algorithm of hashed numbered that represent each mined coin.
Upvoted you
onecoin is a scam http://behindmlm.com/companies/onecoin/onecoin-investors-arrested-in-bangladesh/ and many more
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.
https://en.wikipedia.org/wiki/Onecoin - it's clearly a scam.
In addition to rumors having it that OneCoin is just a scam scheme, it's an old coin so this is no "news", this is just spam. The information is duplicated many times, no information on what is supposedly unique with onecoin. Have a downvote.
I'm guessing you are in the states? I can assure this is a scam but certainly not no news. They recently held an event at Wembley Arena, UK at the beginning of June. They are strong and healthy and recruiting at a very alarming rate! People are handing over large sums of money and this has to be stopped.
Nope, Norway here. It's several months since I heard of OneCoin - and it was in an old-fashioned physical paper newspaper! A small article writing that the Swedish authorities was investigating it, suspecting it to be an illegal pyramid scheme.
Interesting. The Onecoin team have a busy schedule of flying round the world spreading the word! I think their trick is to keep hitting new places until there game is up, by that time they would have accumulated enough of other peoples money to shut up shop and move onto the next scam! Dr Ruja has a history of starting at least 2 other failed scam cryptos, Bigcoin being one of them. Unfortunately as I said it's not old news they are growing at an alarming rate!
Op's post is obviously satire...
You'd be surprised the One coin Mafia go to extreme lengths to get people to part with their money and sign up to this rubbish. With a basic grasp of how decentralised cryptos work it's obvious that it's a scam, but for the unsuspecting it is sold as "The next Bitcoin for those who missed the boat". As a community it is our duty to call this out for what it is. Many people have been sucked in already, I have witnessed one of their events first hand and it's very scary! The trouble is, when all of this finally comes tumbling down it will do damage to the rest of us, the same unsuspecting public will think all cryptos are a scam. We need to fight this!