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Topic: CT: One Coin, Much Scam: OneCoin Exposed as Global MLM Ponzi Scheme (Read 1830 times)

JBC
member
Activity: 66
Merit: 10
One of the comments stated the capitalization is $2 billion.  Meaning any ROI is limited now.

  As well they are only on a single exchange, one which they control, meaning manipulation is highly suspect.  If OneCoin went to the open market and people were able to sell then the capitalization could plummet?

They claim to have 450,000 paying users.  If this was true then the internet would be on fire about OkCoin, because a lot of estimates put Bitcoin's userbase under 250,000.  If OkCoin had twice the userbase of Bitcoin than where are the bustling forums, social media pages, et cetera?


http://www.ibosocial.com/DJMarketing/pressrelease.aspx?prid=450518

Quote
In November – December 2014, the company had about 10,000 paid members. As of May 2015 after another six months 340,000 paid members.
Today, 450.000 paid members!

The company has a payment frequencies at 80-85 % of all enrolling in the company. Training package costs 130 euros to 5,030 euros. Both management and good leadership structure of the company has made to become a big success.

Compensation plan has a cap on payouts per week at 35,000 euros per position. The company has over 200 members today who earn over 35,000 euros per week. As well as several thousand members who earn anything between 1,000 – 25,000 euros a week.


Pure MLM here.  Who is paying thousands a people 1,000 to 25,000 Euros a week?  Who can believe something like this?  Sit on your ass all day and make 1,000 Euro each week!  This is when average monthly income in Bulgaria and rest of Eastern Europe is less than 600 Euro a month..


http://behindmlm.com/mlm-reviews/onecoin-review-100-5000-eur-ponzi-point-cryptocurrency/

Another interesting link

legendary
Activity: 1288
Merit: 1036
OneCoin, a purported cryptocurrency and trading venture based out of Bulgaria, is suspected to be a pyramid scheme with no verifiable evidence to back up any of its business claims.

http://cointelegraph.com/news/114399/one-coin-much-scam-onecoin-exposed-as-global-mlm-ponzi-scheme
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