No OneCoins For You! OneLife Is Preventing Affiliates From Accessing Their Earnings

OneCoin Review
Have you been hearing a lot about OneCoin lately?

There is a lot of hype happening for OneCoin, and people are pitching the opportunity all over the place – especially on social media.

The first thing I should tell you is that I am not associated with OneCoin in any way.

I have gathered all the pertinent facts about this opportunity in my OneCoin Review so that you can know the full truth before signing up.

Is OneCoin a scam? Or is it really legit? Has it really stopped members from withdrawing their earnings?

I tell you all in my Review of OneCoin.

Let’s get going!

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What Is OneCoin Exactly?

In the world of the MLM underbelly, there are tons of schemes and scams that offer a form of virtual cryptocurrency that affiliates can invest money into in order to get some sort of ROI.

This is the general opportunity that OneLife is offering, but affiliates have been having some trouble as of late in regards to accessing their OneCoins.

The issue? Affiliates can’t withdraw their OneCoins in order to get their compensation.

A recent announcement broke that the xCoinx internal exchange that OneLife was running from transactions and withdrawals has been shut down for good, meaning that affiliates with existing OneCoins now have no way to exchange them for real world money.

This news broke this past weekend in the form of a tacked-on message at the end of a video that the founder of the company (Ruja Ignatova) sent out to members of the company.

OneLife shutdown xCoinx on January 13th prior to when Ignatova’s message went out, and with no way to cash out OneCoins, affiliates who still have them are essentially stuck with a form of cryptocurrency that’s entirely worthless outside of the OneLife system.

At the very end of the video that Ignatova sent out to his company’s affiliates, this small and brief message popped up at the very end, reading –

“xCoinx will be closed to prepare for the IPO. Until then you all can exchange your coins for OFC – or spend coins on your newly launched e-commerce platform.”

That IPO thing that’s mentioned in the message is nothing more than a ruse that’s being used as a way to scam folks out of even more cash. OneCoin originally purchased the entire affiliate base for OPN a year ago in January of 2016, and this same exact deal saw numerous executives from OPN getting positions in the OneLife compensation plan at the very tiptop.

OPN stands for “The Opportunity Network”, and it was nothing more than a reboot of the scam Unaico/Site Talk.

Similar to this opportunity, The OneCoins that OneLife offers act as virtual shares of the company, and they take place within the IPO that’s run.

When OPN was still in business, the operation made an attempt to get itself listed on the GXG Markets stock exchange in order to give off the appearance that the shares they were offering had some form of real world value. OPN did this by listing itself as a shell company by the name of “ST Communities”, but was immediately terminated and thwarted after failing to pass GXG Markets’ screening process.

With this attempt being shut down, OPN then went on to list itself on the Cyprus stock exchange through yet another shell company, this time by the name of “Global Digital Services PLC.”

At the time of this writing, Global Digital Services is still available on that exchange, and its share price as of December of last year (2016) was trading for 2.6-cents per share.

That’s certainly interesting on its own, but why is it relevant to this story that has to do with OneLife shutting down the ability to exchange OneCoins for real world cash?

Ever since OneCoin acquired OPN, Frank Ricketts has been making an appearance at all OneLife events that have been held. Ricketts is the person who was behind the whole OPN IPO fiasco, so with this being the case, it’s quite likely that OneCoin is shaping up to follow suite with what OPN tried before.

 

OneCoin Scam

This whole IPO offering will likely be used in an attempt to secure even more cash from folks, and this move is probably being made due to the fact that OneLife simply doesn’t have the funds necessary to pay affiliates the cash value for their OneCoins that are currently valued at 7.9 EUR per point.

On top of all this, there’s also a bit of interesting news that broke regarding the merchant network that OneLife has.

OneLife touted that they had more than 500,000 merchants who were “signed up and ready to go” back in 2016, and OneLife also released a merchant app towards the end of last year that never seemed to really take off the way the company was hoping.

However, OneLife is now saying that affiliates will need to go about sourcing merchants themselves in order to participate in the “Deal Shaker” system that will be launching soon.

Deal Shaker is a system in which merchants will be forced to take payments that are at least 50% worth of OneCoins, and along with this, OneLife execs will be taking a whopping cut of 50% for whatever the percentage of actual cash is.

There’s currently no word as to how merchants will be able to use the OneCoin that they receive, and seeing as how xCoinx is still shut down with no future plans of starting it back up, why in the world would merchants want to accept OneCoin as a form of payment if it’s worthless in the real world?

OneLife is dipping its toes in a lot of different operations, with each one seeming to be more illegitimate than the last. There’s no telling with will happen to OneLife and OneCoin once money is no longer being poured into it, so only time will tell what’ll happen to this operation.

Is OneCoin Really A Scam?

If you’re like me, you’ve been researching OneCoin and you may have heard that it is a total scam.

From what you have read above, you may not be able to tell if it is legit or not.

So, is it really a scam?

Is OneCoin a scam, or can you trust the company?

I would say OneCoin isn’t a complete scam, but there are definitely some things you should be cautious of – check out the conclusion to find out what those are.

Being prepared will help you be successful. Also, see below to get my tips for making money.

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My Conclusion For OneCoin

 

I sure hope you have found all the information in this OneCoin Review helpful.

Some reviews may be biased or trying to sell you something else, so I wanted you to have all the details from someone not affiliate with OneCoin.

If you decided to move forward with OneCoin, you’ll still need help marketing yourself.

My FREE training will help you with that.

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