CRYPTOCURRENCY, MINING, COINS & TOKENS 2017-08-08T15:33:48+00:00


Cryptocurrencies are created using cryptography and through a process called mining. These currencies can function as a medium of exchange and, because of their creation, are difficult to counterfeit. Cryptography protocols are used to make transactions safe and to control the process of new coin creation.

The value of the digital coin depends on factors such as usability, demand and supply. Therefore, cryptocurrencies are often compared to gold or even called ‘virtual gold.’

OneCoin Ltd is a global company with key markets in Europe, Southeast Asia, Africa and Latin America. With worldwide operations, the company has opened offices in Europe (Bulgaria), Asia (Hong Kong and the United Arab Emirates). The company’s commitment to growth, innovative concept and unique business strategy has led to fast expansion.
OneCoin is a digital currency, using cryptography and created through a process called mining. Just like the serial number on a paper bill, each digital coin is unique.
When joining OneCoin, users become part of a global network of millions of OneCoin miners and can mine the coin and benefit from its value. OneCoin is not an altcoin, which means OneCoin is not a bitcoin alternative or clone with slight alterations; it has a different structure entirely. In the future, users will also be able to make payments and transfer money to and from any part of the world.
A key tool in tracking and tracing value, OneCoin’s blockchain has always been tailored for future-proof mass transactions. OneCoin’s new and unique blockchain (October 1, 2016) will set a new industry standard by storing Know-Your-Customer (KYC) information, run every minute and meet customer and merchant needs.
With 120 billion minable coins and a centralized model, OneCoin can also become the biggest reserve cryptocurrency worldwide (i.e. the U.S. dollar of the crypto-space). OneCoins are easy to mine, easy to trade and easy to use. Because of the way OneCoin has structured its organization and operations, no complicated hardware or advanced knowledge is needed to mine and use coins.
A blockchain is a digital technology that records and verifies transactions. It is a key tool behind innovations, especially cryptocurrencies in general, and OneCoin in particular. A blockchain is based on protocols that authenticate, validate and store information in consistent, unbroken sequences that make a system safer by eliminating any attempts of fraud, duplicity and forgery.

A secure tool that creates cost-efficient business networks, OneCoin’s blockchain’s ledger can track and trace anything of value and consists of each transaction ever performed in OneCoin. Because of its centralized system, the OneCoin blockchain does not resemble a public ledger like the blockchains of decentralized cryptocurrencies. The new OneCoin blockchain (October 1, 2016) will instead be unique in its capacity and will process more transactions than major credit card providers. It will run every minute, store users’ KYC documents and set a new standard in the cryptocurrency industry.
Anonymous transactions are not allowed and OneCoin strictly follows anti-money laundering (AML) policies. OneCoin is the first cryptocurrency company to introduced a monthly audit of its blockchain. All OneCoin blockchain audit reports have proven that the OneCoin blockchain is consistent and that the number of mined coins provided to users is genuine.

OneCoin’s source code is not public because the business concept and distribution model is based on network marketing. If OneCoin released the source code today, then
anyone can mine the coin and the distribution model would be void. When the coin is fully released in public trading, the company will release the code.
Tokens are instruments provided by the company on a promotional basis. They provide access to the OneCoin mining pools, but please note that the company does not guarantee that your tokens will mine coins, nor how many coins can be received.
The OneLife Network has two options for you to obtain promotional tokens:

By purchasing a OneAcademy package at the Starter level or higher, a certain number of promotional tokens will be provided. You can see the number of promotional tokens provided per package level on the OneLife website, under Membership >> OneAcademy.

Simply by joining the OneLife Network for free and recruiting people to join the OneLife Network, you can earn promotional tokens as well.