OneCoin charging 7236 EUR for a 550 EUR tablet
OneCoin are currently representing to affiliates in their backoffice that the value of OneCoin is €6.23 EUR.
If you’ve bought into the fantasy that centralized Ponzi points will ever be publicly traded, you’d expect one OneCoin to publicly trade for €6.23 EUR. Right?
Unfortunately, you’d be wrong. 1,411% wrong.At their CoinRush event recently held in London, OneCoin unveiled a tablet affiliates could purchase through OneLife.
The corresponding product page on the OneLife website states:
The OneLife Network’s FIRST physical Premium Line product.
This tablet offers everything necessary to enhance your learning, mining and trading experience.
Equipped with the latest features, it ensures you will always be one step ahead in your business dealings.
Technical specs for the tablet are quoted as follows:
HD RESOLUTION
800*480/1024 x 600/1024*768GOOGLE ANDROID SOFTWARE
Android OS MaPan firmwareCOMPONENTS
MTK Quad core CPUWIRELESS 802.11B/G/N
802.11b/g/n WI-FI wireless connectionSTORAGE
RAM 1GB / Build in 16GBExpandable up to 64GB
BATTERY POWER
2500 – 8000mAH / 5V 2A lipo batteryINPUTS TOUCHSCREEN (CAPACITIVE)
Multi – point capacitive touch screenDUAL CAMERAS
Front 0.3MP + back 1.3 million pixelsFront 1.3MP + back 2.0 million pixels
Maixin Group in China are retailing what appears to be a near-identical specced tablet for $55-$60 USD. The only difference I can see is the OneLife tablet has double the battery capacity.
Otherwise I’m pretty sure it’s the same thing, with both OneLife and Maixin Group referring to on-board storage as “build in”:
I’m not saying for sure OneCoin are selling Maixin Group tablets (the battery capacity is different), but it sure looks like it.
In any event, OneCoin are selling their version for €550 EUR ($620 USD), a 1033% to 1127% markup.
You wouldn’t know it by looking at the OneLife website… but it gets worse.
When OneCoin affiliates login and add the OneTablet to their OneLife shopping cart, the following payment option presents itself:
The problem?
1160 OneCoins at the going rate of €6.23 EUR equals a total of €7226.80 EUR ($8148 USD). That represents a 13,580% to 14,814% markup.
How the hell does a $50 tablet, that’s already inflated to $620, cost over $8000 in OneCoins?
That’s a whopping premium for double battery capacity.
Even if we double the cost of the tablet to compensate for the battery, the first instance of OneCoin affiliates being able to use their OneCoins to buy a third-party product still appears to be a massive ripoff.
The future of money? Zimbabwe would like a word, they hit 79.6 billion percent inflation back in 2008.
But yeah, I’m sure third-party merchants can’t wait to start accepting thousands of OneCoins for a cup of coffee…
Anyone with enough knowledge to predict OCs end ?
Sure, when they run out of new investor funds.
Food for thought: With 1160 OneCoins required to purchase a $60 tablet, the actual internal value of one OneCoin is 5.1 cents.
This tablet is bullshit. For 300$ you will get much better hardware specifications 🙂 its always onecoin that make such a shit.
@OZ
Which actually shows that they do have some realism in OneCoin after all.
BitCoins current value is roughly 6 billion. If OneCoin is planning to become the Bitcoin, then:
5.1 cents * 120 billion OneCoins = 6.12 billion.
You could say that when supposing there is no scam behind this all, then in not so unrealistic scenario, OneCoins pricing of their coin is based upon reality this time.
The cost is actually 2320 OneCoins or a OneLife projected equivalent of €14.5k.
Remember that on Oct 1 the 1160 OneCoins will double. So buying now you would be losing 2320 OneCoins.
Didn’t PMX throw out a tablet or smart phone too towards the end? And at a super bargain price (just like the OC Tab).
Yeah, but look at the bright side, in October you’ll get two tablets for the price of one. 🙂
Only 100% out there, my friend. Try $12b.
I think that’s what is called a “fatal flaw” in an argument.
Does OC command center think that it will be better to lose $50 by giving a tablet for 1160.00 OC?
That way when the clawbacks begin, they will have less money responsible for returning? A pretty good idea, since most of affiliate’s money is tied up in Bulgarian real estate, etc.
Is there really such a tablet? The specs I can I can see at onelife.eu/en/onetablet are pretty minimal, not even giving OS version, CPU speed etc. On other aspects they seem rather schizophrenic
Resolution: “800*480/1024 x 600/1024*768” – Surely as panels tend to have fixed resolutions it’s going to be just one of these? (Or all of these and numerous others with varying degrees of blank borders)
Battery: “2500 – 8000mAH” – What does that mean? We have a bunch of batteries in that range and we’ll just stick one in, pot luck as to capacity?
Dual Cameras “Front 0.3MP + back 1.3 million pixels” and “Front 1.3MP + back 2.0 million pixels” Huh? It’s got 4 camera’s, two on the front and two on the back, all of different resolutions?
This “tablet” is such a joke it’s hard to take it seriously. It has tech from 2011 or so.
One has to take into account that they might be ordering 1k+ tablets so the price is surely below 50USD.
Either way, it’s a ripoff. It won’t run Android smoothly.
Onecoin charges 1160 ONE for the tablet or €550. Wouldn’t that mean they value their coin 550/1160 ~ 0,47€/ONE?
So according to official pricing from ONECOIN website the value / coin isn’t €6,23 but €0,47?
As someone mentioned, that could be their predicted market price?
Isn’t that somewhere near where they started? 🙂
…. I would not wonder if there where som surprise-surprise hidden programmes installed….
@Paul
The provided specs are slightly weird, like they’ve copied two tablet specs and mashed them into one.
They’re also obviously copy and pasted from Maixin Group, I think the provided battery specs were copied wrong. Otherwise the rest of the OneTablet unit is identical to the MX96.
that much!! 🙂
strangely, recent posts by onecoin affiliates on facebook make no mention of the possibility of paying for this ‘tablet’ with onecoins.
onecoiners are announcing that the tablet can be purchased for 550 euro with a 30 euro shipping charge.
it would be fun if all of the 2 million affiliates ordered tablets and paid with onecoins. even if ruja is buying some cheap chinese tablet for $50, it will put her back by $100 million!
she wont be able to afford flashy princess gowns and hair extensions no more!
@Oz
I came to a different conclusion in the end. The range of screen options, battery options and camera options. It appears in the link you provided to alibaba, further down it says “OEM Order for customize logo/package……” where changing camera, rom/ram are options as well as updates to logos etc.
I suspect Onecoin have/intend to order these custom tablets and have reproduced the list of options they got to select from rather than the selected options. So it could be the 800×400 resolution, 2500 mAH and 0.3 and 1.3MP cameras, or it could be the other end of the scale.
This would make sense, since screen, battery and cameras are usually separate units so it’d be easy to mix and match when constructing the customized machine.
But yes the MX96 is a reasonable approximation of what the tablet is like, but if they are going down the custom root presumably they’ll have to commit to a larger number of units and should attract a lower price because of the volume – lower still if they choose the low end options.
550 Euro in cash (plus 30 shipping) or X thousand fantasy euro of OneCoins for a low grade $50-100 tablet.
The promo page doesn’t even carry an image.
What more does anyone really need to know about OneCoin to understand they are getting fleeced?
Have you people noticed that our favorite ponzi pimp Labine is awfully quiet after the London debacle?
I Was expecting him to make a video about his experience at the Wembley event or at least to bash Oz again for bringing up four different blog posts about OC, and “prove” us all wrong again. Alas there was nothing.
Does it mean he is preparing that long awaited egg on his face or maybe he is calculating how much tablets he has to purchase in order to get back a portion of his initial investment ?
As long winded as Labine is you know he has to get plenty of ducks in a row to attempt to hold a candle against OZ.
Labine can rant for hours and will have said nothing.
@Terrence B
Labine can rant for hours and will have said nothing.
That’s why he is the best youtuber online makes me laugh every time. I am going to miss him when they arrest him.
A friend of mine just told me (an OC affiliate) that they (OC) will introduce a new blockchain and that’s why they (the affiliates) will get a double split …
How the holy fxxx is that possible? You would have to switch off all servers for that … And, what’s with the old coins if you use a new blockchain?
According to my knowledge, when it comes to crypto-currencies … That’s absolutely not possible.
I guess that the real value of OC is determined by and Excel chart …
Well … Is the end already near? Can someone confirm that news?
Wondering if they will make it till 1 october.
Foilhat Ken Labine has probably been on mums lab bottom up for producing his own commercial for OC. The policy is that they are only allowed to use the companys commercial and signs…
They’re going to kill the script currently generating the coins and start up a new one.
Existing points will be copy and pasted into the new script before it’s booted up.
Totally not possible in a legitimate blockchain (voids the whole purpose of a blockchain), doable with Ponzi points.
It’s always been whatever’s between Rujamama’s ears. Excel chart would be too limiting.
labine is currently in shock because he heard his idol juha parhiala will be visiting canada before oct, 2016.
parhiala is on a speed tour across the world to recruit new investors into onecoin, and he has set a target to reach 3 million investors by this year end.
a visit to rujamama’s FB page where she has appointed herself the ‘cryptoqueen’ can turn your stomach.
there are fawning affiliates falling at her feet with rants of ‘you are our queen’, ‘we love you dr ruja!’
but then mercifully, one affiliate puts the whole thing into the correct perspective by announcing:
🙂
The Grand Crypto-Witch materialized like out of hellfire at the London Event. Did no one notice?
facebook.com/Dr.RujaIgnatova/photos/a.836258183093296.1073741828.766500173402431/1162943117091466/?type=3&theater
Incredible!
Anyways, she has alot to contend with these days, and her lies just keep coming….
From her open case in Germany against her & her father for bankrupting a company and firing the employees, some of who have serious mental health issues to being exposed for every stunt they pull, and trying desperately to plug up all the loopholes to dealing with every single investigation going on against them and all they don’t yet know . . .
this gal needs a break!
I hope she gets a good long one over many, many, many years!
Long Live so she can have her fill before she returns to hell fire. . . .
Great job again, Oz!
Of course, everything is just copy&paste whatever OneCoin does! There is NO originality! Spot on guess on the tablet!
They’re desperately looking for any and every which way to pay out minimally . . so deflate where needed, inflate where needed, extort commissions and throw into a ‘mandatory’ account where needed (to hook their subjects further)… and I’m sure, we’ll be seeing some more tactics. . . .
But I stepped on their TAIL. And will SQUASH IT to SMITHERINES, rest assured. . .
Over,
Inspector-Tzar Lazar
Self-Appointed, Self-Crowned & Self-Funded.
Love & Best!
xo|A
Kenny-ken-ken, wherefore art thou, kenny-o? . . .
Still in London…
You’ll be hearing more from me….
Best & God Bless!
Is Le’Beans last video update really June 3rd!?!? Has he come to his senses 18 months later, possibly?!? Maybe his dad follows this blog and they had an uncomfortable dinner table discussion?
I would imagine that if he and his father are at all close that pops has seen right through this from the beginning and his concern has only continued to grow. Maybe they had a heart-to-heart and maybe Ken finally listened to reason and logic?
I sent Labine, who claims to be a Christian, the bible verses from Proverbs 22 verses 1&3, which I thought were appropriate. A week ago he agreed to debate me again in two weeks (is “again” even an appropriate word if I was not allowed to speak last time? lol) in a MODERATED debate. Well see.
Excuse me Oz … I’m at the OC homepage right now and all it says is:
By the way … I’m locked in with a friends account right now and I’m about to “buy” the tablet …
There is nothing that tells you that you can buy that product with “OCs” currency …
Would you be so nice to verify your claim because I don’t want to get further here (I’m not willing to buy that thing by accident) …
Thank you very much in advance Sir!
Tablet itself is worth maybe 30 Euros, given the poor specs.
Amazing they sell “education” and still not so many thinks its odd about dubble up coins in october..
Kenny boi proberly been told to calm down and not talk so much. So he is a gud lover, so sad for him people who doing scams proberly not welcome up..
@Sinan
You have to add the tablet to your cart and then go to pay for it. OneCoin should come up as a payment option on the last payment screen (that’s where the supplied screenshot is from).
My question would be how did he get access to an account?
@OZ
should come up? you seem pretty sure, sorry I don’t see that, see buy now….
@Shaf
I didn’t. Reader sent in the image, I verified it through a second source.
@sly
It comes up when you go to pay for the unit, after you’ve clicked buy now. If you haven’t pushed the order to payment it won’t come up.
hey shaf & sly,
instead of standing around challenging oz’s information why dont you confirm whether or not the onecoin tablet can be purchased in onecoins?
and how do you explain the inflated price of 550 euros?
Well I have an account and I’m sure about it.
I would suggest anyone with the proper amount of onecoins to spend them as quickly as possible to buy as many tablets as you can.
That way you’ll might at least get something with your onecoins before it’s too late. Then you might even earn some real money after selling those crappy tablets.
@Oz: feel free to add these images a friend sent me to this article for clarity and further visual evidence.
m.imgur.com/y8VELPK
Cheers.
@Tim – Oh no – the foilhat can hardly keeps his breath on FB posting something by each breath…..
Nobody must have been buying these things. OneCoin are now hocking them off with 500 Ponzi points (tokens).
Basically the tablet is now being given away for free with 500 token points, which is a better reflection of the cost of the tablet to OneCoin.
Trader Package investment is 550 EUR, so that tablet serves as an incentive to extract another 550 EUR from existing investors.
Also lets top investors increase weekly (daily?) withdrawals to 3500 EUR.
*Order using your OneCoin cash account not OneCoin, IDIOT!
@Marvin
You’re late to the party, OneCoin were selling the tablet for 1160 OneCoins.
Shortly after we published this article they removed the option.
What is that “550 Bv generated”???
It means if you convince your downline to buy overpriced tablets you get a commission.