5,000 Attendees At The OneCoin London Convention

Ruja Ignatova, OneCoin, CEO, Founder

 

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
Jenna Zwagil
Est. Month
$1,060,000
Est. Year
$12,720,000
2
Matthew Rosa
Est. Month
$800,000
Est. Year
$9,600,000
Company
3
Yager Group
Est. Month
$600,000
Est. Year
$7,200,000
Company
4
Gustavo Salinas
Est. Month
$595,276
Est. Year
$7,143,312
Company
5
Joachim Heberlein
Est. Month
$535,000
Est. Year
$6,420,000
6
Rolf Kipp
Est. Month
$500,000
Est. Year
$6,000,000
7
Khalid Shaath
Est. Month
$500,000
Est. Year
$6,000,000
8
Jeff Roberti
Est. Month
$450,000
Est. Year
$5,400,000
9
Sandro Cazzato
Est. Month
$355,000
Est. Year
$4,260,000
Company
10
Lisa Faeder Grossmann
Est. Month
$350,000
Est. Year
$4,200,000
Company
11
Ada Caballero
Est. Month
$340,000
Est. Year
$4,080,000
12
Marcell Rodriguez
Est. Month
$326,669
Est. Year
$3,920,028
Company
13
Dan & Megan Valentine
Est. Month
$310,000
Est. Year
$3,720,000
14
Stefania Lo Gatto & Danien Feier
Est. Month
$310,000
Est. Year
$3,720,000
Company
15
Ana Cantera
Est. Month
$300,000
Est. Year
$3,600,000
16
Ed Bestoso
Est. Month
$300,000
Est. Year
$3,600,000
Company
17
Nobuhiro Kaneko
Est. Month
$300,000
Est. Year
$3,600,000
Company
18
Enrique and Graciela Varela
Est. Month
$295,000
Est. Year
$3,540,000
Company
19
Seville and Rachaell Ko
Est. Month
$293,000
Est. Year
$3,516,000
Company
20
Ryan Higgins
Est. Month
$292,000
Est. Year
$3,504,000
Company
21
Robert Hollis
Est. Month
$281,000
Est. Year
$3,372,000
22
Rafael Rojas
Est. Month
$280,000
Est. Year
$3,360,000
Company
23
Calvin Becerra
Est. Month
$275,000
Est. Year
$3,300,000
Company
24
Herson Antonio La Riva Ruvolo
Est. Month
$272,016
Est. Year
$3,264,192
Company
25
Jared and Heather Burnett
Est. Month
$265,000
Est. Year
$3,180,000
Company
26
Shane & Dana Douglas
Est. Month
$262,500
Est. Year
$3,150,000
Company
27
Hayley Hobson
Est. Month
$260,000
Est. Year
$3,120,000
Company
28
Anthony Napolitano
Est. Month
$260,000
Est. Year
$3,120,000
Company
29
Christian Nuñez
Est. Month
$250,000
Est. Year
$3,000,000
Company
30
Jesse and Patricia Macpherson
Est. Month
$250,000
Est. Year
$3,000,000
31
Jeff and Maureen Miller
Jeff and Maureen Miller
Est. Month
$250,000
Est. Year
$3,000,000
Company
32
Steve Thompson
Steve Thompson
Est. Month
$250,000
Est. Year
$3,000,000
33
Patrick and Allyse Sedivy
Patrick and Allyse Sedivy
Est. Month
$250,000
Est. Year
$3,000,000
Company
34
Barry Chi & Holly Chen
Barry Chi & Holly Chen
Est. Month
$250,000
Est. Year
$3,000,000
Company
35
Sunny Hsu & Debra Hsieh
Sunny Hsu & Debra Hsieh
Est. Month
$250,000
Est. Year
$3,000,000
Company
36
A. Benitez & Raquel Cortez
A. Benitez & Raquel Cortez
Est. Month
$250,000
Est. Year
$3,000,000
Company
37
Nancy Dornan
Nancy Dornan
Est. Month
$250,000
Est. Year
$3,000,000
Company
38
Patrick Maser & Mike Maser
Patrick Maser & Mike Maser
Est. Month
$250,000
Est. Year
$3,000,000
Company
39
Kang Hyeon Sook & Ryu InIk
Kang Hyeon Sook & Ryu InIk
Est. Month
$250,000
Est. Year
$3,000,000
Company
40
Juan Colorado and Laura Cañaveral
Est. Month
$250,000
Est. Year
$3,000,000
Company
41
Christian Daniel Lopez Corrales
Est. Month
$248,839
Est. Year
$2,986,068
Company
42
Brittany Hitch
Brittany Hitch
Est. Month
$241,000
Est. Year
$2,892,000
Company
43
John and Lori Tartol
John and Lori Tartol
Est. Month
$240,000
Est. Year
$2,880,000
Company
44
Susan Peterson
Susan Peterson
Est. Month
$240,000
Est. Year
$2,880,000
Company
45
Evgeniya Novikova
Est. Month
$227,000
Est. Year
$2,724,000
Company
46
Leonard & Irina Weisbein
Leonard & Irina Weisbein
Est. Month
$225,000
Est. Year
$2,700,000
Company
47
Francesca Fields
Francesca Fields
Est. Month
$223,000
Est. Year
$2,676,000
Company
48
Javier Garcia Herreros Cami Moreno
Est. Month
$220,000
Est. Year
$2,640,000
Company
49
John & Nadya Melton
John & Nadya Melton
Est. Month
$220,000
Est. Year
$2,640,000
Company
50
Tae Ho Kim
Tae Ho Kim
Est. Month
$220,000
Est. Year
$2,640,000
Company
Showing 1 to 50 of 2290 entries

 

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