With top OneCoin investors purportedly withdrawing millions of dollars from the scheme each month, new investors have little to no hope of recouping their own invested funds when the time comes.
That’s basic mathematics, but evidently evasive to the majority of OneCoin affiliates.
Nonetheless, OneCoin can’t payout funds it doesn’t have – and so now the race is on to trap what’s left and newly invested funds alike.
Well, at least a representation of the funds, as the actual money continues to be withdrawn out the top end.
OneCoin’s latest ploy sees them introduce “CoinSafe”, a ‘
unique product, giving you the chance to earn from both the rising value of the coin and the earnings you accumulate
‘.
Basically, in exchange for not making withdrawal requests, OneCoin are offering affiliates ROIs of 10 to 12 percent.
CoinSafe ROIs are paid out in OneCoins, so don’t actually cost the company anything. The maturity period of the CoinSafe contracts is however 12 to 24 months, giving top OneCoin investors plenty of time to continue withdrawing funds.
It also gives OneCoin some breathing room, as affiliates who participate in CoinSafe are barred from making withdrawal requests for up to two years.
Left unspoken is the question of whether OneCoin will even be around in two years, in addition to the fact that this is not something that would be able to be offered in a legitimate cryptocurrency.
With OneCoin arbitrarily determining the value of OneCoins and acting as the sole issuer though, they’re free to promise affiliates whatever they want – just so long as it’s in OneCoins (or tokens) and not actual money.
OneCoin’s other withdrawal restriction strategy,
KYC
, appears thus far to be a rip-roaring success.
OneCoin’s official Facebook page is flooded daily with complaints from affiliates, sharing the commonality of KYC submissions being ignored for nearly two months.
The following comments from OneCoin affiliates over the last few days reveal a snapshot of the current OneCoin withdrawal environment:
Onecoin said kyc authentication requires a month’s time, but now almost two months of how not passed?
@onecoin: PLEASE VERIFY MY ACCOUNT AND ALSO MY ONEPAY ACCOUNT! I SPONSORED MANY PEOPLE, BUT I AM ALREADY WAITING MONTHS FOR MY VERICATION!!!!
KYC certification for a long time did not pass. Hope to get the company’s attention. Let me have a stronger confidence to develop my team.
In addition withdrawal on November 15, 376 euro hasn’t been to the bill. Hope the company to help return the account. thank you.
Dear Onecoin Support Team, How much time you have require to clear my KYC.
I am very upset with delay in KYC clearence, I don’t Know what’s the reason behind for delay from onecoin company.
Why,why,why,company required 30 working days of KYC clearence.
My am not able to satisfy my team fordelay in KYC. Because i am not able to answer my team for delay in KYC Process. Pl try to understand & clarify me for Delay/that much time required for KY
🤖 Quick Answer
What is CoinSafe in the OneCoin scheme?CoinSafe is a product introduced by OneCoin that incentivizes affiliates to retain their funds within the platform rather than request withdrawals. It allegedly allows participants to earn from both cryptocurrency appreciation and accumulated earnings, functioning as a mechanism to restrict capital outflow from the scheme.
How does CoinSafe benefit OneCoin's operations?
CoinSafe traps investor capital within the system by discouraging withdrawal requests. This strategy addresses OneCoin's liquidity crisis, as large withdrawals by top investors deplete available funds, making it mathematically impossible for new investors to recover their investments through conventional payout structures.
What mathematical problem does CoinSafe attempt to address?
OneCoin faces a fundamental sustainability issue: top investors withdraw millions monthly while new capital proves insufficient to cover obligations. CoinSafe restricts fund circulation, temporarily alle
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