I was invited by a member of the Onecoin Cryptocurrency to one of their seminars tagged "Retire Young and Retire Rich" some time in 2017. I was fascinated and curious after the seminar, so I decided to find out more by myself and these are my findings.
OneCoin Blockchain
According to https://www.onecoin.eu, there are 5 main issues involved in OneCoin and they include the following:
Vission
Global
Easy and Safe
Core Values – Powerful Blockchain
Transparency
Vission
The essence and vision of OneCoin is to improve the lives of all people worldwide. It gives instant access to financial services, .through the provision of educational tools that simplify and demystify digital currency. In the OneCoin academy, individuals and merchants are tutored on how to understand and use the OneCoin cryptocurrency.
Global
Globally, OneCoin empowers millions of people by providing access-border and low-cost financial transactions, which is recorded in OneCoin Blockchain in consistent and unbroken sequences.
Core Values – Powerful Blockchain
Please note that OneCoin blockchain has a limited supply of 120bn ONE (OneCoins). This is tailored for future-proof mass transaction. OneCoin blockchain runs every minute and it is designed to accommodate merchant needs, not just individual needs. What is the difference in the core value of OneCoin and Bitcoin?
Easy and Safe
It is noteworthy that OneCoin is the first cryptocurrency that is easy to mine, trade and use. A miner does not require complicated hardware or advanced knowledge. The centralized model protects its members' safety and ensures compliance on AML. Another big score, I think.
Transparent
OneCoin dealings are is always open and honest in every transaction. As the first cryptocurrency storing KYC documents in its new blockchain, members has set a new industry standard, hence OneCoin makes cryptocurrency transparent and a part of its financial culture in everyday life. By working provocatively with Governments and policy makers, OneCoin has helped industries to achieve a better regulation.
One Academy
At the Seminar, we were told that every member must attend the One Academy, which www.oneacademy.eu/en defined as "an innovative e-learning platform covering a broad range of financial topics including trading, the stock exchange, cryptocurrency, financial analysis, asset management and more. Our mission is to provide our students with the guidance and educational materials they need to achieve financial literacy. Developed by finance experts and academics, OneAcademy is highly-structured and easy to understand." It is a place one can learn at one's own pace and be part of the future of global finance. We were also informed that OneCoin cryptocurrency will be going public in 2018, and that we should hurry to pay some money, the list being N400,000 plus into someone's account. It was not funny at all so I decided to leave the place to think about it.
Like I said, I could not participate because, one will need to pay some thousands and millions of Naira to be part of it. One will not risk falling a victim to any ponxi schemer. That was how I was not able to participate as one did not know who to trust any more. Let us then take a look at Bitcoin Blockchain.
Bitcoin Blockchain
Thanks to Holy Transaction for the following information on Bitcoin:
Bitcoin is the most popular decentralized currency in the world right now.
It has a fixed supply of 21 million coins. No more coins can ever be issued beyond that point, giving all bitcoins in circulation some form of value at any time and with the potential to increase in value over time.
It will take many years for all the 21 million bitcoins to be exhausted.
Speaking of generating new Bitcoins, there are no institutions “printing” additional funds.
The only way to bring additional coins in circulation is through a complex process called “mining.” As a reward for bringing new coins in circulation, Bitcoin “miners” receive the privilege of being able to spend these coins first.
There is no approval process to go through, as Bitcoin is an open ecosystem welcoming people from all over the world to participate. All funds are controlled by the people active in the ecosystem, creating a decentralized system.
Additionally, Bitcoin has no single point of failure, making the network far more secured and completely tamper-proof.
Unlike fiat currency, where one institution is responsible for controlling the money supply, Bitcoin is consumer driven. On top of that, Bitcoin has multiple points of distribution, as the “mining” process takes place all over the world.
Last but not the least, spent bitcoins are injected directly into Bitcoin’s growing economy once again.
Spent fiat currency is kept out of the ecosystem until it is brought back to the bank, a process that can take anywhere from hours to years.
Bitcoin’s economy is self-sustainable, open to anyone, and simply better.
Conclusion
I am not discouraged and I am not ashamed of asking questions because he who asks can never miss the way. Knowledge is powerful tool that is important in our daily lives.
We have seen the different benefits and goals of the two cryptocurrencies. Their aims and objectives are too close but their mode of operations, reliability and trustworthiness are what matters. You discover that some can stand the test of time while others usually fail by the wayside and this will make investors to loose huge sums of money. Many had in the past died as a result of such huge losses. So one needs to look well before you leap and ensure your decisions on such investments are sound, which is the essence of sharing in this post.
One is then tempted to ask, what are the great differences and benefits one can be derive from Bitcoin Cryptocurrency and OneCoin Cryptocurrency.
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Steemit Platform
Well, I have seen people loose their money to ponxi scheme but instead of loosing in steemit, many people have benefited immensely and will continue to benefit. It takes time but we will get there for it is said that "slow and steady win the race". So keep Steeming and you will see that God is good.
image source: [GOOGLE]
Thanks to Holy Transaction, www.oneacademy.eu and www.onecoin.eu for some of the materials used here and thank you all for your usual support and encouragement.