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
Amira Habib & Paulo Tuynman
Est. Month
$850,000
Est. Year
$10,200,000
Company
3
Jason Brown And Matthew Rosa
Est. Month
$800,000
Est. Year
$9,600,000
4
Stefania Lo Gatto & Danien Feier
Est. Month
$730,000
Est. Year
$8,760,000
Company
5
Rolf Kipp
Est. Month
$700,000
Est. Year
$8,400,000
6
Viraj Patil
Est. Month
$652,762
Est. Year
$7,833,144
Company
7
Bryce Thompson
Est. Month
$650,000
Est. Year
$7,800,000
8
Yager Group (Dexter Yager)
Est. Month
$600,000
Est. Year
$7,200,000
Company
9
Joachim Heberlein
Est. Month
$535,000
Est. Year
$6,420,000
10
John Haremza
Est. Month
$500,000
Est. Year
$6,000,000
Company
11
Khalid Shaath
Est. Month
$500,000
Est. Year
$6,000,000
12
Alfred Nickson
Est. Month
$453,000
Est. Year
$5,436,000
13
Mark and Judy Willodson
Est. Month
$451,000
Est. Year
$5,412,000
14
Jeff Roberti
Est. Month
$450,000
Est. Year
$5,400,000
15
Calvin and Shannon Becerra
Est. Month
$450,000
Est. Year
$5,400,000
Company
16
Ivan Martinez & Juan Fernando
Ivan Martinez & Juan Fernando
Est. Month
$440,000
Est. Year
$5,280,000
Company
17
Amber & Dean De Grasse
Est. Month
$405,000
Est. Year
$4,860,000
Company
18
Brian McClure
Est. Month
$400,000
Est. Year
$4,800,000
19
Daniel Onoja
Est. Month
$385,000
Est. Year
$4,620,000
Company
20
Rodrigue Sodansou
Est. Month
$385,000
Est. Year
$4,620,000
Company
21
Sharmeeka Brooks
Est. Month
$375,000
Est. Year
$4,500,000
22
Anthony Valentino & Fabian da Cunha
Anthony Valentino & Fabian da Cunha
Est. Month
$365,000
Est. Year
$4,380,000
Company
23
Hamza Majdi & Mehdi Ben M Louka
Est. Month
$350,000
Est. Year
$4,200,000
Company
24
Terje Dusend
Est. Month
$350,000
Est. Year
$4,200,000
Company
25
Branden Thompson
Est. Month
$350,000
Est. Year
$4,200,000
26
Jose Ardon
Est. Month
$350,000
Est. Year
$4,200,000
Company
27
Ada Caballero
Est. Month
$340,000
Est. Year
$4,080,000
28
Julio M Lama
Est. Month
$326,500
Est. Year
$3,918,000
29
Gustavo Salinas
Est. Month
$314,000
Est. Year
$3,768,000
Company
30
Nicola Smith Jackson
Est. Month
$311,000
Est. Year
$3,732,000
31
Dan & Megan Valentine
Est. Month
$310,000
Est. Year
$3,720,000
32
Ana Cantera
Est. Month
$300,000
Est. Year
$3,600,000
33
Ed Bestoso
Est. Month
$300,000
Est. Year
$3,600,000
Company
34
Nobuhiro Kaneko
Est. Month
$300,000
Est. Year
$3,600,000
Company
35
Stormy Wellington
Est. Month
$300,000
Est. Year
$3,600,000
36
Austin Godsey
Est. Month
$300,000
Est. Year
$3,600,000
37
Enrique and Graciela Varela
Est. Month
$295,000
Est. Year
$3,540,000
Company
38
Seville and Rachaell Ko
Est. Month
$293,000
Est. Year
$3,516,000
Company
39
Ryan Higgins
Est. Month
$292,000
Est. Year
$3,504,000
Company
40
Christian Daniel Lopez Corrales
Est. Month
$288,000
Est. Year
$3,456,000
Company
41
J. Kulsubmongkon & I. Prajogo
Est. Month
$285,000
Est. Year
$3,420,000
Company
42
Robert Hollis
Est. Month
$281,000
Est. Year
$3,372,000
43
Rafael Rojas
Est. Month
$280,000
Est. Year
$3,360,000
Company
44
Jared and Heather Burnett
Est. Month
$265,000
Est. Year
$3,180,000
Company
45
Samer Yorde & Paula Landino
Est. Month
$263,000
Est. Year
$3,156,000
Company
46
Hayley Hobson
Est. Month
$260,000
Est. Year
$3,120,000
Company
47
Islam Mohamed
Islam Mohamed
Est. Month
$260,000
Est. Year
$3,120,000
Company
48
Anthony Napolitano
Est. Month
$260,000
Est. Year
$3,120,000
Company
49
Julien Mizzon
Julien Mizzon
Est. Month
$257,000
Est. Year
$3,084,000
Company
50
Islam Wasfy
Islam Wasfy
Est. Month
$255,000
Est. Year
$3,060,000
Company
Showing 1 to 50 of 3558 entries

 

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