I do not recommend and give advice to people reading this forum to engage and be part of this project. My role on this forum is to give my personal opinion on most of the topics against Onecoin based on my perception. I did go to Sofia to meet management as a user just to make sure there is someone there and to ask questions, so I kinda trust them. I can be wrong, of course, so please do not take my opinion here as advice.
Just make it an ingredient for your own opinion and decision.
As you might notice on Google blogs and articles, one of the earliest accusations haters used to make is that OneCoin is a PONZI scheme.
You could see this all over blog articles earlier. Today they barely mention it because there are many answers on this subject so seems like even some haters realized that OneCoin can not be a Ponzi. If it is promoted the way company forbids, then yes, it can be falsely promoted as a Ponzi.
For the starter, here is a great and clear short video explaining why Onecoin can not be a ponzi.
So let's begin by making clear what exactly a ponzi scheme is:
I find this article from Investopedia to be the most thorough about explaining what a ponzi scheme is.
Ponzi schemes are systems where early investors are paid out using investments from later investors. When new investors stop joining and payments cannot be made, the scheme collapses. These scams last often only a couple of months, but the organizers are prone to simply repeat the whole process again afterward.
Short version:A Ponzi scheme is an investment fraud where clients are promised a large profit at little to no risk. Companies that engage in a Ponzi scheme focus all of their energy into attracting new clients to make investments. This new income is used to pay original investors their returns, marked as a profit from a legitimate transaction. Ponzi schemes rely on a constant flow of new investments to continue to provide returns to older investors. When this flow runs out, the scheme falls apart.
Onecoin is not an investment scheme, no one must promise you any return from Onecoins, it remains to hit public trading and then we will see what happens. So the risk is high, no guarantees must be made. Until then, the only profit people can make is through Onelife network and selling education that brings people exclusive access to Onecoins. But no one pays for Onecoins directly.
The sale is made via legit MLM system and no one needs to recruit new members in order to get their profit (this confuses people).
All Onelife profit is made on current sales and if no future sale is made then the company does not need to pay anything.
So Onecoin does not need new users to pay early users. They all need to keep working and selling to make the profit. If selling stops, of course, company will fail, but even Coca Cola would fail of no one would buy new drinks. It is how selling business works.
Ok so basically, when haters say Onecoin is a ponzi scheme they seem to regard to where Onecoin is promising high returns from sold Onecoins and they need to constantly attract new members so early investors could make a profit from their Onecoins? Right ? Absolute bullshit.
If one tells you Onecoin is ponzi scheme, the best you can do is run away from him and ignore/block him cause he is ignorant of either what ponzi scheme is or he has no clue how Onecoin operates currently so he has absolutely no competence to speak about this topic.
Let's dissect how Onecoin operates currently, where the money comes from, what is it for and where does the profit come from currently.
First of all, Onecoin is private, centralized cryptocurrency that is in the early stage of building a user base, value, and usability through early merchants. Decentralized cryptocurrency enthusiasts think cryptocurrency can only be decentralized but they do not get to decide that one, so we had already explained this here.
Since Onecoin is a private company is made strict regulations on how Onecoins are mined, distributed and used.
Right now, since Onecoin is private, it can not be purchased for cash nor sold legally. Knowing this, there is no chance that anyone can be promised any profit from Onecoins. We can only be visionaries and hope Onecoin will retain or grow its value once it hits public trading. But that is a visionary part, not promising. The same goes to all the ICOs out there, someone presents a project, they present their goals and expectations, then start fundraising and those people who believe in the project will join.
So how do I get my Onecoins? In order to get some Onecoins you need to submit Onetokens to mining pool and you will get as many Onecoin per Onetoken according to difficulty. Onetokens also can not be bought by cash by new users. They need to purchase One Academy education. Tokens come with education package as a free promotion so education that you buy gives you exclusive access to Onecoins. Education is a standalone product, you can learn much about finances, trading, stocks, cryptocurrencies. There are many lectures both text and video made by renominated lecturers from the topic. This education is what people pay, it will remain theirs and they can use it later in life. Onecoins we get for free, they do have some internal value based on this demand and no one must promise you that you will be able to sell them and none the less specify any time of sale and what price will be when you sell them. Onecoin is going to hit public trading along with company listing on the stock exchange so no one can know what will happen then. Maybe Onecoin owners will have new capital on their hands, maybe they will have nothing. But they did not lose money in case of "nothing" because they did not pay for Onecoins at the first place. So it is impossible to lose money with Onecoin.
The problem was made when some people that promoted Onecoin earlier was actually promising people that Onecoin will hit 100 eur value in 2018 and by doing that they actually disobeyed companies rules and lured people into buying Education pack that they would not buy if they knew that Onecoin part is future, long term project.
One of the problems was also an internal exchange that made possible for users to sell coins internally to people that earn 40% of their compensation plan on the trading account that is obligated to buy Tokens, and earlier Onecoins. That platform was never promised from the company to be permanent, networkers used that to promise people that they can pull out their money from that exchange. Since exchange was only a test, it was shut down after successful testing. This partly resulted by lower fresh users income cause many people did not know how to sell Education without promising to people that they will be able to return money in few months. A new time of real education sellers is upon us, new start.
But this still has nothing to do with Onecoin being ponzi. Cause no profit of distributors depended on this internal selling of Onecoin on internal exchange platform.
Oneacademy is a product that is distributed by Network marketing company Onelife. It has its compensation plan that resolves how much distributors will learn based on what they sell or what their downline sells.
So, 100% of money income comes when distributors make actual education pack sale (or other product like Tablet or MAB) in order to earn money and that money is calculated and paid to their back office the very next week. If later on, no sale is made, the company does not need to pay anything to the distributor.
So to summarize. If someone is saying Onecoin is a ponzi because some people were promising high returns from Onecoin selling in 2018, they are all wrong cause the ones that promise that can lose their accounts and license to sell Education, and haters must stop spreading those lies cause it has nothing to do with company policy.
All profit to distributors is calculated ONLY if they make an actual sale so they make a profit out of their sale realization, and they earn some percent when their downline make a sale. If no future sale was made, no one earns anything and company has no debts to early users.
Also, Onecoin is not an investment scheme, if you read "investment" on any of distributor self-made presentations, that is wrong. Cause Onecoin can not be an investment, it is cryptocurrency in making, the risk is high, if all goes well, profit might be substantial, but no way promised. If you hear somewhere or some leader on Onelife event talks about the future value of Onecoin, that is NOT a promise, that is their hope, assumption, expectation based on current progress, call it whatever you like, but that is not a promise.
However, if someone does promies you high returns from Onecoin, feel free to send proofs to email@example.com email to report him,
In fact, if ANYONE, guarantees you profit from ANYTHING, run away from him.