OneCoin MLM network OneLife through the platform DealShakersteemCreated with Sketch.

in #onecoin7 years ago

OneCoin is positioned by the company as a "digital currency that is based on cryptography", as an analogue of the Bitcoin system. In this case, there are significant differences from what is usually considered a crypto currency:
OneCoin lacks a peer-to-peer network;
Operations are only available through company-controlled sites (in the private office, MLM network OneLife, through the platform DealShaker);
Full control over the database is only with the issuing company One Coin Limited.

The general idea of crypto currency is based on complete decentralization and open source. The founders of OneCoin argue that decentralization has to be eliminated, since it is a problem and a shortage of crypto-currencies - it allows to engage in the shadow economy, financing of terrorism, complicates relations with legislative bodies. OneCoin was originally created as a harshly centralized system. Organizers of OneCoin do not publish the source code and do not even announce the technical details of the system (the size of the blocks in the block, the frequency of the change in complexity, how the proof of the work is done).

"Mining" deals exclusively with the company "One Coin Limited". Employees of the company argue that at first the mining is much cheaper than at later stages. At the same time, the change in the cost of mining is explained only by analogy with Bitcoin. But the complexity in Bitcoin increased with the increase in the total capacity of the miners. Here, only one company implements mining, there is only one miner and there is no need to increase capacity, and without such growth, the complexity and cost of mining should not increase.

You can get the Onecoins only by purchasing from One Coin Limited (more precisely, to buy one of the "educational packages" that contain "tokens" that can then be exchanged with the company for Onecoin) or from other participants who bought them earlier. Participants do not have the opportunity to dispose of the ONE coins without the control of the company - all operations with them are possible only through sites controlled by the company.

Declared a limited emission - in total 120 billion Onecoins will be produced (maining), 3,000,000 One coin can be generated per hour, about 72,000,000 per day. As of mid-October 2016, about 2.5 billion Onecoins were planned.

More: http://onecoinsign.com

Coin Marketplace

STEEM 0.17
TRX 0.15
JST 0.028
BTC 59774.28
ETH 2422.19
USDT 1.00
SBD 2.44