OneCoin add €25,000 package, suspend withdrawals
The last investment increase OneCoin introduced was their €18,800 Festival package.
Announced last November, the Festival package was a limited time promotion that ended recently.
Potentially strapped for cash as withdrawal requests exponentially increase each month, OneCoin have just announced a new €25,000 investment package.
Dubbed the Infinity package, for €25,000 EUR OneCoin affiliates get 300,000 tokens.
These tokens are supposed to be convertable into OneCoins, which can then be exchanged through OneCoin for cash, however posts from affiliates on the OneCoin website reveal withdrawals have been pending for weeks.
February 23rd: Are you able to sell coins? my orders are ALWAYS expired even if I stay between daily limits.
February 25th: I don’t know how the onecoin exchange works but it’s very difficult to sell onecoins.
This month I have been trying to sell onecoin every day mon to fri but it got sold only on 2 days i.e. 10th & 15th Feb. Why is that?
In Feb I could sell onecoin in the exchange only 3 times. At this rate it will take me 12 years to sell all my onecoins.
February 27th: Anybody tell me why the coin withdrawal didn’t credit in cash account only shows pending..
February 27th: Hi. Why my coins doesn`t sold? I have 5 application… And i wait week.. It`s not normal.
February 29th: (responding to above): its always pending and expired.
February 28th: withdrawal didn’t credit in cash account anybody tell me reason?
February 29th: (responding to above): we have the same case.. it takes more than a month but it says after 10 banking days upon withdrawal.
March 1st: (responding to above): mine since last Nov….still nowhere to be found in my account yet.
OneCoin affiliates making withdrawal requests must do so via the OneCoin exchange. That’s where the above OneCoin affiliates are having problems.
Unfortunately those problems look set to continue, with OneCoin also announcing they’re shutting down the exchange for two weeks.
Please note that the OneCoin exchange enters maintenance mode from March 1st, 2016 until March 15th, 2016.
Putting aside the fact that this maintenance could be done on a cloned site before going live, the idea that OneCoin have to spend two weeks conducting maintenance on the exchange is ridiculous.
All the OneCoin exchange does is process affiliate withdrawals and adjust their OneCoin balances accordingly. Maintenance on that takes two weeks? Please.
Another sign OneCoin are desperately trying to fend off withdrawals, is the offered Infinity+ option in the Infinity Package.
In exchange for an “extra split”, those who opt for Infinity+ have their OneCoins locked away in CoinSafe for two years.
Oh and did I mention they’re also jacking up the cost of their existing investment packages?
The price of packages must reflect the growth and development of OneCoin.
With all the opportunities offered by the company, OneCoin grows bigger and stronger with each passing day!
Besides all benefits that this development brings, we need to make sure that, among other things, the mining queue will not get longer, nor there will be over-subscription of the coin.
With that in mind, from April 1st, 2016 we will increase the prices of all our packages by 10% thus aiming to have a stable price of the coin.
How charging more for OneCoin investment packages equates to a “stable price of the coin”, I have no idea. On the money side of things though that’s an instant 10% increase in newly invested funds going forward.
Combine that with the new €25,000 “no withdrawals for two years” investment package and well, I suppose a collapse might be put off for a few months yet.
What then you ask?
The increase of package prices is part of the company’s overall business strategy, meaning that in the future we will continue to review the prices of the packages every three months.
Every three months jack up the minimum investment amount, in order to cover exponentially increasing withdrawal requests.
When viewed through the Ponzi lens, it’s hard not to ignore the fact that all of OneCoin’s recent announcements are aimed at discouraging and/or prohibiting affiliates from withdrawing funds.
In the meantime, existing OneCoin investors will no doubt be nervously counting down the OneCoin exchange re-opening.
Interesting timing!
So, they have no problem TAKING MONEY IN but can’t afford the IT dept that allows their investors to TAKE MONEY OUT.
And this is coming from a company that is being pitched as the FUTURE OF MONEY!?
I predict a Run-on-the-Bank type situation when investors can withdraw their funds again in 2 weeks. Greed is a powerful force but FEAR is stronger.
And, Knowledge IS Power. 🙂
Again, in my opinion, this is not going to end well for a lot of investors.
Nolink://docs.google.com/spreadsheets/d/1UPuhJAZ_NuEdLJYgtmvQPDbli83YxYGtuLLnrCBasbg/edit#gid=698927327
I can’t really believe that despite all the negative news…the site is recording all time high amount of new acounts. Last 7 days 4950/day and yesterday also 5000.
I have seen no volume in my network in Finland, but the numbers are telling you there are record high number of new dayly accounts. You can’t rely on any numbers given from Bulgaria anymore.
onecoin is ranked at number three on ted nuyten’s ‘business for home’ momentum ranks for 2016.
i guess nuyten is convinced [or paid] to believe that onecoin is creating a real cryptocurrency.
I just checked number of views of OneCoin webinars on their official Youtube from last week:
Chinese webinar 25.02.2016 / 中文
1 week ago 368 views
Spanish webinar 25.02.2016 / Español
1 week ago 249 views
Thai webinar 25.02.16 / ไทย
1 week ago 1,607 views
Vietnamese webinar 25.02.2016 / tiếng việt
1 week ago 133 views
OneCoin Webinar – 25.02.2016 – English
1 week ago 248 views
You can check those numbers on their official OneCoin Webinars youtube chanel. Same with only around 30 000 of likes on their official Facebook page.
Does this company really has 1.5 milion users (with more than 60% of them in China) or are they lying once again ?!
Of course they’re lying. There were never anything close to 400000 members in OPN, and most of them had already left the sinking ship before the merge with OneCoin.
Don’t know if pics can be posted here, this is a clean link Oz
i.imgur.com/OwQq9iH.png
(Ozedit: Link is a screencap of J. Ryan Conley selling a OneCoin downline for $6130)
Who’s J. Ryan Conley?
I previously posted this comment under the review of “BitClub Network out of funds? ClubCoin announced…”:
J Ryan Conley has joined quite a few “different” programs such as Isagenix, Viewtrakr, Staged, Buzztrakr, Kannaway, Brain Abundance, Ingreso Cybernetico, Wake Up Now, YOBN, Jeunesse, OneCoin, BitClub Network, IQKonnect, TSU, Elevate Solar and Solavei.
His goal is to make money by any means possible by convincing others to join his next “different” scheme.
He admittedly has ADHD, a marriage that’s on the rocks; and, you will notice him selling his belongings whenever money gets tight.
OneCoin Dubai launch event May 2015:
youtube.com/watch?v=f9oPqpffxfM
Well Conley seemed pretty chirpy about OneCoin 10 months ago. I wonder what changed…
Conley desperately needs money again.
He thinks he’s concentrating on BitClub Network and mining Ethereum:
facebook.com/photo.php?fbid=10153228915457282&set=a.10150199126832282.305875.690312281&type=3&theater
Onecoin’s U.S. bank account is probably frozen? Onecoin informed about changes in their bank accounts yesterday. T
he one from U.S. was not there anymore. Now they have some new bank accounts, one in Africa and one in U.K.
Good News! OneCoin Exchange opens back up tomorrow!
…or will it?
This is a ponzi company and will be closed down by the authorities, furthermore Ed Ludbrook an MLM author has backed this company as its official trainer.
NO, what he has done is sold out for cash – shame on you Ed I wonder how much you sold out forr? This shows you have no integrity.
When it’s closed down, your reputation (what’s left of it) will be destroyed. A sad day for the Network Marketing Indusrty 🙁
And, 2 months later, J Ryan Conley is still trying to sell his worthless OneCoin:
facebook.com/j.ryan.conley/posts/10153388132252282
Hi, I am trying to sell one coins but notable to sell till date my number of friends also try to sell even 2 to 5 coins per day still not able to sell since number of months.
One coins is saying that it depends upon demand then only you can sell your coins, but if their is no demand then why price of coins is gone up from 1 euro to 6.9 euro.
They are saying that they just sell only educational product only but still we have not get excess to any study materials.
@GM
OneCoin is a Ponzi scheme. What you deposited has been used to pay off existing investors and now there’s not enough new investment to pay you.
The only commissions OneCoin are paying out are recruitment commissions.
As to the price of OneCoin, it’s made up. Outside of OneCoin your Ponzi points are worthless.
One coin is scum 100% you will never sell your coins how cleaver you can buy token and coins as much you like but can’t sell if you want to sell.
there is limits witch is 1.5% and after 5 days your order expired but if you want to buy your go through within seconds so dnt waste your time and money.
YOU NEVER ABLE TO SELL YOUR COINS.