What is OneCoin?
OneCoin Limited is a global company with key markets in Europe, Asia, Latin America and Africa. With worldwide operations, the company has opened offices in Europe, Hong Kong and the UAE. Its commitment to growth has led to fast expansion due to its vision, management team, innovative business concept and business strategy. Since its launch, OneCoin has created a community of millions of miners.
By acquiring an educational package, each client gets access to a respective subject of study and the opportunity to gain an in-depth knowledge in financial markets, cryptocurrency, trading and investing. The educational packages are developed in partnership with university professors and presented through the OneAcademy platform.
A global provider of financial services, OneCoin helps its miners to make payments easier and faster by providing education and simplifying cryptocurrency. You neither need a server to mine OneCoins nor a bank account nor an escrow agent in order to make payments anymore. You only need a OneCoin account and a laptop, tablet or a phone. Everyone can transfer money with OneCoin.
OneCoin gives instant access to easier, faster, safer and low cost financial services. OneCoin can process your transfer in a minute from any part of the world to another. And most importantly – mining the coin, transferring money and making payments with OneCoin is absolutely safe.
What happens when I join OneCoin?
When you open OneCoin account, you receive e-mail verification, confirming your registration as a client. We also automatically create an e-wallet for you. As a company that offers different services, we allow people to join and see for themselves how our business works. This however does not grant access to all products and services. If a client wants full access to all OneCoin’s offers, then s/he must go through a KYC application process. Because of our centralized model, we take care of all technical aspects, ensuring that your mined coins are safe.
How does it work?
To use OneCoin cryptocurrency you need to create an account at OneCoin. This happens by invitation from another miner, thus you become a part of the OneLife Network global community. You are supported by our education platform via OneAcademy, by your OneLife Network and by the Support department.
You need to decide what your business objective is when creating an account at OneCoin – to benefit from our learning platform, to mine the coin, etc. Besides mining the coin, you can also make payments and transfer money from any part of the world fast, easy and safely.
What is OneCoins market capitalization?
Calculate the market capitalization of OneCoin: Number of mined coins multiplied by market price.
What is blockchain?
The blockchain is a digital technology for recording and verifying transactions. It is a key concept behind innovations related to cryptocurrencies in general, and OneCoin in particular.
The blockchain was first introduced as an alternative mechanism for the trust between two parties that make transactions that differentiated it from the way traditional institutions like banks or escrow agents processed payments.
Most recently the blockchain is considered a powerful tool that can provide new products and services, and improve traditional ones. The number of financial institutions and firms across industries that are using the distributed ledger technology as a secure and transparent way to digitally track the ownership of assets is constantly increasing. This is a move that helps companies to speed up transactions and cut cross border remittances while lowering the risk of fraud.
At OneCoin, we are able to execute your transactions in a minute thanks to the powerful blockchain – a technological innovation that stores cryptocurrencies. The OneCoin blockchain is based on protocols that authenticate, validate and store information in consistent, unbroken sequences. This guarantees that the system is safer by reducing fraud, duplicity and forgery. OneCoin is the first cryptocurrency company both storing KYC documents on its blockchain and performing a monthly audit of its blockchain
What is a cryptocurrency?
Like fiat currencies, cryptocurrencies function as a medium of exchange. Because it is based on cryptography, cryptocurrency is difficult to counterfeit. Cryptography protocols are used to make transactions safe and to control the process of new coin creation.
OneCoin cryptocurrency is not pre-mined, meaning that the miners create the market. OneCoin is easy to mine, easy to trade and easy to use. Thanks to the way OneCoin has structured its organization and operations, all mined coins are safe and cannot get lost because of a technical issue.
Because cryptocurrencies are not tied to any particular country or central bank, the value of the coin depends on factors such as useability, demand and supply. Therefore they are often compared to gold, hence called ‘virtual gold’. The more a cryptocurrency is used, the more its value rises. With its millions of followers, OneCoin has quickly become the second largest in the world with a market cap of 2,9 Billion in February 2016.
Because of market specifics, Asian customers became early adopters of cryptocurrencies, recognizing their advantages such as making payments directly, without the need of expensive or unsafe intermediaries. Contrary to bank transactions, OneCoin offers faster, cheaper and easier way to send and receive money worldwide.
What is One Ecosystem?
Since its establishment in 2014, OneCoin is dedicated to have a coin for mass use in line with its vision to provide access to financial services for everyone. To fulfill our promise to the growing community using OneCoin cryptocurrency, we started creating an ecosystem around the coin.
We are proud to say that our clients can choose between a growing number of OneCoin products in the areas of education, investments, payments, exchange, business app solutions, trading and investing, entertainment and games, and more.
What is One Academy?
OneAcademy is an innovative e-learning platform covering a broad range of financial topics including trading, the stock exchange, cryptocurrency, financial analysis, asset management and more. Our mission is to provide our students with the guidance and educational materials they need to achieve financial literacy. Our 6-level program, developed by finance experts and academics, is highly-structured and easy to understand. Learn at your own pace and be part of the future of global finance.
What is OneLife Network?
OneLife Network is a network-marketing company with a strong mission to deliver engaging and life-changing products. We inspire our members through strong leadership and education on a full spectrum of team-building initiatives. Our Independent Marketing Associates are rewarded for their efforts in building a strong affiliated sales force through one of the industries most easy and dynamic compensation plans. The OneLife Network has the chance to mine the coin, use the coin and benefit from both the value of the coin and the wide rage of available OneCoin products.
Do I need any special software to mine?
No, you just sign up on the mining dashboard on the exchange in your back office.
What is the algorithm of OneCoin?
OneCoin is not an ALTCOIN – this means we do NOT use the Bitcoin algorithm with small changes. We decided to use a custom made solution, which has elements of script and x11.
What is KYC?
KYC means know-your-customer. OneCoin uses KYC in order to prevent money laundering, identity theft, financial fraud and terrorist financing, thus disrupting any possible misconduct by its clients.
Why does OneCoin implement KYC?
By requesting documentation that proves the identity of each client, OneCoin makes sure that each transfer made using the protocol is not anonymous. Since global business opportunities demand a sophisticated international customer identification and verification solution, the KYC policy adopted by OneCoin includes identifying the customer and verifying the identity by examining reliable and independent documents.
All submitted documents of identity and details remain confidential. Each client must go through a verification procedure every time his or her identity information is changed.
The KYC information requested includes their name, residential address and date of birth/country, as provided to OneCoin upon account registration.
What is OnePay?
OnePay is a unique electronic store value account solution for easily accessing and transferring funds electronically. Also known as e-wallet, the payment platform is automatically created for each client from the first day they join OneCoin. Accessible from any location in the world, the world-wide payment network, proprietary payment platform and global payment solutions ensure payees that they receive their funds in a timely and cost-effective manner. OnePay is a trusted payments technology and a service provider to top-tier organizations across multiple industries. Payees enjoy the benefits of quickly receiving their funds and the ability to choose payment methods that are most convenient for them, including local bank direct deposit, branded prepaid cards and more.
- I am trying to set up my OnePay Account. I don’t know the password and when I select forgot password I am not receiving my password.
Please make sure you are using the email that you entered during the OneCoin account registration, please also check your spam folder.