OneCoin Review Scam Or Legit. Onecoin is a online company which offers different plans for its members starting from 100 EUR to 5000 EUR. They say that they are a cryptocurrency like bitcoin and they are mining their currency and sharing there revenue with its members.
Who Runs The Company:
There is no information on the OneCoin website indicating who runs the business and company. They just stated that they have office in Europe with worldwide operations.
The domain of the OneCoin website (onecoin.eu) was registered on June 23rd 2014, however the domain registration is set to private.
There are five packages for members:
- Starter – 100 EUR
- Trader – 500 EUR
- PRO Trader – 1000 EUR
- Executive Trader – 3000 EUR
- Tycoon Trader – 5000 EUR
The Products Of OneCoin:
There is no physical and retailable product of the OneCoin company. Its members are only selling the membership of the website to other members.
The OneCoin Compensation Plan
- Recruitment Commissions
- Residual Recruitment Commissions.
- Matching Bonus
- OneLife Point Bonus
- Aurum Gold Coins
Is It Scam Or Legit
OneCoin functions just like any other Ponzi points based scheme. The main difference is that they are using the name of crypto currencies.
The main earning except referral commissions is through tokens. Tokens are nothing but points like any other ponzi scheme. There is no physical value of these token outside OneCoin website.
So in my opinion this is a well established and well planned ponzi scheme with no physical or retailable product. The company’s only revenue is comping through the joining of new members. So as long as new members would come, the company will run. When the new members joining will drop the earning will drop and finally it will be closed like other ponzi schemes.
Can I Earn Money From It?
Yes they will pay according to their plan as long as it is running. But they will not run longer or forever. They will shut down in future like any other ponzi scheme.
So this was the OneCoin Review. I hope it will help you decide if you want to join the company.