OneCoin as a Leading Cryptocurrency in the World

OneCoin Cryptocurrency is Unique, Safe, Global & With No Risk of Inflation

Cryptocurrency is based on cryptography that guarantees its security and makes it difficult to counterfeit.

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What is Cryptocurrency

OneCoin bring users together in a global community that allows them to mine and use the OneCoin cryptocurrency. Essentially cryptocurrencies are protocols that allow the validation of transactions without the need of a third party such as banks, credit card companies or escrow agents.

In terms of innovation, cryptocurrencies have the potential to impact various aspects of the financial markets and the wider economy. They can dramatically reduce transaction costs, give access to financial transactions and avoid pitfalls in certain monetary systems.
The value of digital currencies depends on supply and demand. Therefore they are often compared to gold, hence called ‘virtual gold’. The more a cryptocurrency is used, the more its demand and value rises.

What is OneCoin?

OneCoin is a digital currency, based on cryptography and created through a process called ‘mining’. Just like the serial number on a paper bill, each digital coin is unique.

Unlike money issued by governments, there is a finite number of OneCoins, ensuring they cannot be affected by inflation and are impossible to counterfeit. Because cryptocurrencies are not tied to any particular country or central bank, the value of the coin depends on factors such as usability, demand and supply.

When joining OneCoin, users become part of a global network of millions of OneCoin miners, who are able to choose among different ways to use their OneCoins. You can mine the coin and benefit from its value. You will also be able to make payments and transfer money to and from any part of the world.

OneCoin’s blockchain sets a new industry standard by storing KYC information. It runs every minute and is tailored to meet both customer and merchant needs.

With its finite number of 120 billion coins, OneCoin is one of the biggest reserve currencies worldwide.

Vision

To improve the lives of all people worldwide, we give instant access to financial services.By providing the educational tools that simplify and demystify digital currency, we help individuals and merchants to understand and use the OneCoin cryptocurrency.

Core Values:

– Powerful Blockchain

The OneCoin blockchain has a limited supply of 120bn ONE (OneCoins). Tailored for future-proof mass transactions, the OneCoin blockchain runs every minute and is designed to accommodate merchant needs

– Global

OneCoin empowers millions of people by providing global access to cross-border and low-cost financial transactions, recorded in the OneCoin blockchain in a consistent and unbroken sequences

– Easy & Safe

OneCoin is the first cryptocurrency that is easy to mine, trade and use. No complicated hardware or advanced knowledge is needed. The centralized model protects its members’ safety and ensures compliance on AML

– Transparent

We are open and honest in our dealings. By being the first cryptocurrency storing KYC documents in its new blockchain, we set a new industry standard. Hence OneCoin makes cryptocurrency transparent and a part of our financial culture and everyday life. By working proactively with governments and policymakers, OneCoin helps the industry achieve better regulation

The Blockchain

The blockchain is a digital technology that records and verifies transactions. The blockchain changes the way many industries operate, including the financial markets. It is a key tool behind innovations, especially cryptocurrencies in general, and OneCoin in particular.

A secure tool that creates cost-efficient business networks, the blockchain’s ledger can track and trace anything of value.

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The new OneCoin blockchain is very powerful, being able to process more transactions than credit card providers. It runs every minute, which makes it the choice for merchants because it stores users’ KYC documents – setting a new standard in the cryptocurrency industry.

Tailored for future-proof mass transactions, the OneCoin blockchain can perform more transactions than global credit card providers.

OneCoin’s blockchain consists of each transaction ever performed in OneCoin. Anonymous transactions are not allowed and the company strictly follows anti-money laundering policies, carrying out KYC procedures in different aspects of its activities.

OneCoin is the first cryptocurrency to store KYC documents on its blockchain. 

The blockchain is based on protocols that authenticate, validate and store information in consistent, unbroken sequences that make the system safer by eliminating any attempts of fraud, duplicity and forgery.

Because of its centralized system, the OneCoin blockchain does not resemble a public ledger like the blockchain of decentralized cryptocurrencies. We are proud to be the first cryptocurrency company in the industry that introduced a monthly audit of its blockchain. All OneCoin blockchain audit reports have proved that the OneCoin blockchain is consistent and that the number of mined coins is genuine.

Management Team

The OneCoin Management Team is dedicated to driving positive change and offering safer, faster and inexpensive financial products and services to people worldwide. We carefully monitoring the industry and comply with all regulations, thus fulfilling our commitment to shareholders for transparency, compliance and business excellence.

Thanks to the business acumen of the OneCoin Founder and Visionary Dr. Ruja Ignatova, the company became the second largest cryptocurrency in the world in the beginning of 2016.

The OneCoin Management Team is led by Founder Dr. Ruja Ignatova. Born in Sofia, Bulgaria, Dr. Ignatova now runs a company that is present in almost every country and six continents.

Just as OneCoin is transparent to the public, so is Dr. Ruja Ignatova. She grew up in Bulgaria until age 10, when she moved to Germany. For a young, hard-working female foreigner, the transition was not easy, and Dr. Ignatova had to learn a new language and begin proving herself. She lived Germany as both a student and then as a businesswoman and developed her entrepreneurial spirit there. She received a Ph.D. in Law from the University of Konstanz, a degree in Law from the University of Oxford (M.Jur) and a Master’s Degree in Law from the University of Konstanz and Economics from the University of Hagen. Prior to founding OneCoin, Dr. Ignatova was an Associate Partner at McKinsey & Company and led one of the largest asset management funds in Bulgaria, CSIF, where she managed more than €250 million.

Dr. Ignatova was named “Businesswoman of the Year” in Bulgaria in 2014 and “International Businesswoman of the Year” in 2012. Called the “cryptoqueen” by some, Dr. Ignatova has become one of the top cryptocurrency experts and visionaries in the world.

One Ecosystem

Since its establishment in 2014, OneCoin has been dedicated to creating a coin suitable for mass-market usage in line with its vision to provide access to financial services for everyone. To fulfill our commitment to the growing community mining and using the OneCoin cryptocurrency, we started creating an ecosystem around the coin.

We are proud to say that our users will be able to choose among a growing number of OneCoin related and connected products in the areas of education, payments, exchange, business app solutions, trading and investing, and more.

one-ecosystem

For more about One Ecosystem check official page: https://www.onecoin.eu/en/one-ecosystem

OneCoin KYC

By requesting documentation that proves the identity of each user, OneCoin makes sure that each transfer made using the protocol is not anonymous. Since global business opportunities demand a sophisticated international customer identification and verification solution, the KYC policy adopted by OneCoin includes identifying the user and verifying the identity by examining reliable and independent documents.

All submitted documents of identity remain confidential. Each user must go through a verification procedure every time his or her identity information is changed.

The KYC information requested includes name, residential address and date of birth/country, as provided to OneCoin upon account registration.

OneCoin is the first crypocurrency storing KYC documents of its users in its blockchain
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Regulation

Cryptocurrencies have been part of our lives for the past seven years and since then the industry has been developing with rapid speed. With over 700 cryptocurrencies available currently, there are both amazing opportunities for innovation, but there are also cases hinting that, in general, cryptocurrencies are also uniquely suited to facilitate dubious behavior.

Regulatory challenges related to cryptocurrencies are mainly linked to the anonymity of transactions and the decentralization of financial dealings. The authorities’ goal is to prevent the possibility of using cryptocurrencies as a means for criminal activity.

Considering the fact that each cryptocurrency has unique traits, we believe that OneCoin and every other cryptocurrency on the market should be assessed by regulators based on its unique traits.

To prevent individuals from engaging in criminal and unwanted behavior, OneCoin monitors its clients and implements rules aligned with the legal development. For example, to prevent money laundering, identity theft, financial fraud and terrorist financing, OneCoin has implemented KYC (know-your-customer) rules, thus disrupting any possible misconduct by its users.

EU Regulation

The European Commission proposed an “Action Plan for strengthening the fight against terrorist financing” in July 2016, which provided a set of strict rules on cryptocurrency regulation within an expanded framework of EU’s AML directive. These proposals will impose tighter regulations on digital currency platforms to prevent their use to fund terrorist activities. The providers will be obliged to monitor transactions and users the same way banks do. The measure is also aimed at money laundering and tax avoidance, bringing virtual currency exchanges under the EU’s Anti-Money Laundering Directive. Another important development is the introduction of a legal definition of a cryptocurrency: “…a digital representation of value that is neither issued by a central bank or a public authority, nor necessarily attached to a fiat currency, but accepted by natural or legal persons as a means of payment and can be transferred, stored or traded electronically.” This definition will have to be integrated into all EU member states’ anti-money laundering legislation from January 1, 2017 onwards. EU member states will be required to provide a central register of information of all bank and payment account users for the authorities to have better access when they are suspected of illegal activity. These changes are addressed primarily at the open source cryptocurrencies, which allow anonymous transactions.

Being a centralized cryptocurrency, OneCoin already complies with all of the new regulations that prevent individuals from engaging in criminal and unwanted behaviour.

Audit Reports

OneCoin is the first company in the world to audit its blockchain by an external, independent auditor. The objectives of the audit are to assess the consistency of the blockchain and to verify that no coins are mined outside of the blockchain. This proves that all existing transactions are included in the blockchain and are consistent.

The procedure of verifying the transactions requires that a number of automated tests are performed in order to comply with the objectives. The first procedure has to prove that all transactions are included in the blockchain and no coins are mined outside of the blockchain. The second procedure has to prove that the blockchain is consistent, meaning that each transaction’s inputs and outputs correspond and could be tracked back to the very first transaction.

The procedure of verifying the blockchain has been designed to confirm that all blocks are consistent, i.e. that each block follows a previous one and that there are no errors in the block sequence. Secondly, the blockchain must contain the transactions validated in the tests from the previous paragraphs.

So far, the results of each blockchain audit have verified that each and every transaction is true and the blockchain is consistent.

The results from each blockchain audit clearly show that the OneCoin blockchain is consistent, meaning that there are no coins mined outside of it and there are no alterations to the blockchain.

A Coin For Everyone

We change the world of finance by challenging its traditional methods. The OneCoin cryptocurrency is easy to mine, easy to trade and easy to use. Thanks to the way OneCoin has structured its organization and operations, no complicated hardware or advanced knowledge is needed to mine and use coins. Your coins are protected and OneCoin provides compliance on AML.

With millions of users, OneCoin is determined to empower and help everyone change their lives for the better. We do that by providing education and simplifying the way people transfer money and make payments by using only a laptop, tablet or phone. Not only do we give more financial freedom to all our users, but we also aim to include the 1,5 billion unbanked and connect them to the financial world.

We write history with cryptocurrency… We do not only describe the future of money. Actually we take a very active approach in shaping it”

Dr. Ruja Ignatova, Founder and Visionary of OneCoin

(The Fourth EU-Southeast Europe Summit Countdown to Stability and Growth, The Economist Events, October 2015)

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