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Ruja Ignatova, OneCoin, CEO, Founder

5,000 Attendees At The OneCoin London Convention

 

5,000 distributors and guests attended the OneCoin convention in Wembley Stadium, London, UK.

OneCoin announced to set the goal on 10 million members and 1 million merchants within the next 2 years.

Some facts and figures about OneCoin:

Ruja Ignatova (1980) is founder and CEO and resides in Sofia, Bulgaria (East Europe). IT operations are also in Bulgaria. Ruja has a background in banking and finance and created OneCoin in 2014.

Her vision is to create a global payment system.

Ruja: For years I have been working in the financial sector. My experience includes companies such as McKinsey & Company, Deutsche Bank, different asset management funds, including my own asset management company.

Network Expansion

Ruja was introduced to Juha Parhiala in 2014 and his business partner Pehr Karlsson. Juha and Pehr are presently the top producers with $4+ million earnings per month.

OneCoin Alexa Ranking June 2016

OneCoin Alexa Ranking June 2016

Juha had experience in Network Marketing (Organo Gold, ACN) and is living in Thailand. From there they were able to quickly spread the Network Marketing opportunity through Asia. In April 2015 Conligus merged with OneCoin and the Steinkeller brothers entered the company.

Europe is taking off with large presentations (1,000+ attendees) in the major cities, London, Paris, Amsterdam, Munchen, Oslo, Rome and numerous Direct Selling professionals jump on the opportunity.

OneCoin London Convention Wembley

OneCoin London Convention Wembley

USA is not open, according to Ruja: As the USA has no clear rules.  As of February 2016 more than 1,4 million members joined.

Revenue

Since interception in late 2014 – early 2015 more than $1 Billion in cumulative global sales, in December 2015 alone $350 – 375 million. Last figures I have heard: about 500,000 Asian investors are buying large amounts of OneCoin's. Something similar happened with Bitcoin in 2013 – Asian money is fast.

OneCoin vs. Bitcoin

OneCoin promotors often use Bitcoin as a shining example; however there are major differences between the 2 crypto currencies. Bitcoin's block chain is an open platform, OneCoin's block chain is a closed platform. Basically Ruja Ignatova or OneCoin management controls the OneCoin block chain (The list of transactions) while in Bitcoin, transactions are permanent. New Bitcoins have to be mined with hardware – server farms, OneCoin's are mined through user accounts. It is a different approach, maybe great to have central control, maybe not, time will learn.

It means OneCoin corporate can turn back transactions in case of hacker attacks, fraud etc. Powerful, however it comes with great responsibility for OneCoin corporate.

Global Payment solution

If you create a crypto currency it is not easy to find a Global payment solution to collect and pay out to members. Banks do not like crypto currencies. Seems OneCoin has taken this hurdle and one of the banks involved in the financial transactions is the German Kreissparkasse Steinfurt which I expect has done its due diligence before they accepted OneCoin as a client 🙂 Besides the Kreissparkasse there are 18 Chinese banks, the Bank of Africa,  Lloyds TSB Bank PLC, United Overseas Bank Ltd accepting payments for OneCoin packages.

The investment in OneCoin

It is free to sign up for OneCoin, upgrade packages start at Euro 100 up to Euro 18,800.

There are 2 possibilities:

  1. If somebody has no interest in the network marketing part then it is possible to buy tokens and convert/mine them into OneCoins. You speculate then on a price rise (or drop).
  2. You build up a group through the network marketing proposition and get 10% over the people you bring (Uni-Level), and other compensation through the binary plan.

Back office

The back office members get is impressive and has enough tools to analyze a downline and to transfer tokens into Onecoins through mining. There are smart developers involved. No standard replicated mlm software, the system seems to be build up from the ground.

Conclusion

OneCoin compensate to recruit which is outside the USA often no problem. In the USA to get paid for recruitment in a network marketing opportunity will trigger federal regulators. OneCoin is a private company and controls the blockchain. IT operations are complex.

The unpredictable growth and complexity could be a major challenge for the company. It is a high risk investment opportunity with a strong MLM compensation plan, not for the faint hearted as nobody can predict the future of any crypto currency.

It is interesting to see if OneCoin can reach the critical mass to become a – global payment solution – Ruja's vision and mission.

OneCoin Top Earners per month earnings on file:

Nr.NameEst. MonthEst. YearCompany
1
Igor Alberts & Andreea Cimbala
Est. Month
$ 2,200,000
Est. Year
$ 26,400,000
2
Jenna Zwagil
Est. Month
$ 1,060,000
Est. Year
$ 12,720,000
3
Rolf Kipp
Est. Month
$ 900,000
Est. Year
$ 10,800,000
4
Ivan and Monika Tapia
Est. Month
$ 860,000
Est. Year
$ 10,320,000
5
Stefania Lo Gatto & Danien Feier
Est. Month
$ 685,000
Est. Year
$ 8,220,000
Company
6
David Imonitie
Est. Month
$ 650,000
Est. Year
$ 7,800,000
7
Marco Leonardo Oreggia
Est. Month
$ 620,000
Est. Year
$ 7,440,000
Company
8
Yager Group (Dexter Yager)
Est. Month
$ 600,000
Est. Year
$ 7,200,000
Company
9
Jason Brown And Matthew Rosa
Est. Month
$ 600,000
Est. Year
$ 7,200,000
10
Kristen And Travis Butler
Est. Month
$ 537,000
Est. Year
$ 6,444,000
11
John Haremza
Est. Month
$ 500,000
Est. Year
$ 6,000,000
Company
12
Khalid Shaath
Est. Month
$ 480,000
Est. Year
$ 5,760,000
13
Allan Badilla & Laura Castro
Est. Month
$ 470,000
Est. Year
$ 5,640,000
Company
14
Iulian Cimbala
Est. Month
$ 465,000
Est. Year
$ 5,580,000
15
Andreas Matuska
Est. Month
$ 451,000
Est. Year
$ 5,412,000
Company
16
Mark and Judy Willodson
Est. Month
$ 451,000
Est. Year
$ 5,412,000
17
Kim Hui
Est. Month
$ 450,000
Est. Year
$ 5,400,000
Company
18
Jeff Roberti
Est. Month
$ 450,000
Est. Year
$ 5,400,000
19
Calvin and Shannon Becerra
Est. Month
$ 450,000
Est. Year
$ 5,400,000
Company
20
Alfred Nickson
Est. Month
$ 405,861
Est. Year
$ 4,870,332
21
Amber & Dean De Grasse
Est. Month
$ 405,000
Est. Year
$ 4,860,000
Company
22
Brian McClure
Est. Month
$ 400,000
Est. Year
$ 4,800,000
23
Roald Mailly and Patricia Numan
Est. Month
$ 395,000
Est. Year
$ 4,740,000
24
Mario Vielmas
Est. Month
$ 350,000
Est. Year
$ 4,200,000
25
Hamza Majdi & Mehdi Ben M’louka
Est. Month
$ 350,000
Est. Year
$ 4,200,000
Company
26
Terje Dusend
Est. Month
$ 350,000
Est. Year
$ 4,200,000
Company
27
Jose Ardon
Est. Month
$ 350,000
Est. Year
$ 4,200,000
Company
28
Pier Olivier
Est. Month
$ 350,000
Est. Year
$ 4,200,000
Company
29
Ada Caballero
Est. Month
$ 340,000
Est. Year
$ 4,080,000
30
Rapatsith Sasinonpakorn
Est. Month
$ 335,000
Est. Year
$ 4,020,000
Company
31
Nicola Smith Jackson
Est. Month
$ 311,000
Est. Year
$ 3,732,000
32
Ed & Theresa Bestoso
Est. Month
$ 300,000
Est. Year
$ 3,600,000
Company
33
Nobuhiro Kaneko
Est. Month
$ 300,000
Est. Year
$ 3,600,000
Company
34
Enrique and Graciela Varela
Est. Month
$ 295,000
Est. Year
$ 3,540,000
Company
35
Betty Sung
Est. Month
$ 295,000
Est. Year
$ 3,540,000
Company
36
T. Wongsa and A. Chantarangsi
Est. Month
$ 295,000
Est. Year
$ 3,540,000
Company
37
Seville and Rachaell Ko
Est. Month
$ 293,000
Est. Year
$ 3,516,000
Company
38
J. Kulsubmongkon & I. Prajogo
Est. Month
$ 285,000
Est. Year
$ 3,420,000
Company
39
Rafael Rojas
Est. Month
$ 280,000
Est. Year
$ 3,360,000
Company
40
Cathy Lau
Est. Month
$ 273,000
Est. Year
$ 3,276,000
41
Jared and Heather Burnett
Est. Month
$ 265,000
Est. Year
$ 3,180,000
Company
42
Hayley Hobson
Est. Month
$ 260,000
Est. Year
$ 3,120,000
Company
43
Islam Mohamed
Est. Month
$ 260,000
Est. Year
$ 3,120,000
Company
44
Islam Wasfy
Est. Month
$ 255,000
Est. Year
$ 3,060,000
Company
45
Mariel & Frank Filippone
Est. Month
$ 253,000
Est. Year
$ 3,036,000
Company
46
Jeff and Maureen Miller
Est. Month
$ 250,000
Est. Year
$ 3,000,000
Company
47
Philip Eckart
Est. Month
$ 250,000
Est. Year
$ 3,000,000
48
Steve Thompson
Est. Month
$ 250,000
Est. Year
$ 3,000,000
49
Ray Robbins
Est. Month
$ 250,000
Est. Year
$ 3,000,000
Company
50
Patrick and Allyse Sedivy
Est. Month
$ 250,000
Est. Year
$ 3,000,000
Company
Showing 1 to 50 of 4158 entries
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