Vizionary Review 2.0: Capricoin stalls, new OneGram pump & dump
Vizionary launched in 2015 as a simple membership-based pyramid scheme.
Affiliates paid a fee and were paid to recruit others who did the same. The more paid in fees, the higher the income potential via Vizionary’s compensation plan.
Alexa traffic statistics for the Vizionary website reveal the company began to collapse around May, 2017.
This turned around in September, coinciding with a new direction for the company.
A visit to Vizionary’s website today reveals a number of ICO offerings.
Vizionary itself launched with Capricoin, which pumped to $2.79 back in early 2016 before crashing to around 12 cents.
Coinciding with renewed activity on the Vizionary website, Capricoin is sitting at around 90 cents.
In addition to pyramid recruiting, pumping and dumping ICOs appears to be Vizionary’s new business model.
It’s worth noting that since our 2015 review, Vizionary has reduced their Platinum €2897 EUR package to €1997 EUR and added a new “Vizionary” package for €5997 EUR.
Capricoin is integrated into the compensation plan through a “mining unit resale program”.
Vizionary offers a wholesale platform where you can buy and sell mining time.
The price on mining time can vary depending on supply and demand; however, the maximum price for 1 mining slot is 12.50 Euro.
Vizionary affiliates are given mining slots when they sign up (pay more, get more positions). Affiliates can also invest directly into more mining slots.
Register for free. Choose how many shares of the pool. Pay and wait for the result.
Despite the obvious expectation of passive profit and securities offering, Vizionary provide no indication they are registered to offer securities in any jurisdiction they operate in.
Capricoin itself meanwhile is just as worthless as it was when Vizionary launched.
Although publicly tradeable, Capricoin serves no purpose outside of being a marketing tool to encourage Vizionary affiliate recruitment.
Onegram is an altcoin featured on the Vizionary website.
The company claims Onegram is
he first and only Shariah compliant, physical gold backed cryptocurrency that boasts having held the largest ICO in history.
If you’ve never heard of Onegram you’re not alone. Onegram is also not publicly tradeable and doesn’t exist outside of Vizionary.
Kinda strange for an altcoin claiming to have “held the largest ICO in history”…
Vizionary has an exclusive deal with OneGram to recommend and distribute OneGram coins.
This means that until OneGram is available on external exchanges, the only place to purchase OneGram coins is via a Vizionary membership.
And so following Capricoin not really going anywhere, OneGram looks set to be another pumped altcoin Vizionary affiliates pay the company real money for.
If there’s enough interest Vizionary will probably get OneGram listed on a public exchange, but after that – then what?
Vizionary heavily market OneGram as being “sharia compliant”.
ONEGRAM has enjoyed global media coverage and has been credited to one of the greatest innovations in Islamic Finance.
With only a limited supply of coins, approximately 12,400,786 which equates to half of the supply of Bitcoin and a potential Muslim user population alone amounting to 2 Billion people, ONEGRAM becomes the investment for the future.
Vizionary doesn’t explain why Muslims can’t just use public altcoins.
Typically when we’ve seen MLM cryptocurrency companies bleat about sharia compliance, it’s an attempt to somehow justify paying a return on invested funds.
Here’s how Vizionary market the financial benefits of OneGram;
Once a verified member there are endless benefits such as purchasing unlimited amount of OneGram packs and enjoy the high returns that are associated with a premium currency such as OneGram.
“High returns” and “sharia compliant” don’t go together, especially when you’re talking about a closed-loop monetary system through which Vizionary is shuffling around invested funds on an internal exchange.
New investor money rolls in via “OneGram product packages” and Vizionary use that money to pay withdrwal requests through the internal exchange.
I suspect OneGram’s claim of being sharia compliant is rooted in wordsmithery, as there’s no getting around the flow of money between Vizionary affiliates.
And again, there’s nothing stopping Muslims from using public cryptocurrencies, which are openly traded like any other currency.
So with the marketing nonsense behind OneGram meaningless, what’s left?
Vizionary also offer “OneGram Share Tokens”.
When you purchase a OneGram pack via Vizionary you are given “share” tokens, how many depends upon the package purchased.
These tokens will later be converted for real shares in OneGram, GoldGuard and YallaPay.
The corporate structure of the ONEGRAM organisation will be such that 49% of the share holding in OneGram, GoldGuard and YallaPay will be given out as a FREE Bonus to the members that purchase OneGram coins via Vizionary.
Shares you say? Which market has Vizionary registered its offering of token shares in then?
Oh right, they haven’t.
For reference YallaPay is an attempt to create an e-commerce platform through which OneGram can be used (think OneCoin and its failed DealShaker platform).
There’s also something called “iDealGold”, which is billed as a “personal gold saving platform”.
Imagine having the safety of Gold in you have money in your bank account – and at the same time you have a MasterCard so you can take your money out.
This is exactly what iDealGold offers – but there is more.
A MasterCard you attach money to that is purportedly converted to gold on the backend.
Once you realize iDealGold is being completely pointless and not financially feasible (gold can’t be sold and bought at the speed and efficiency a debit card can be used to spend available funds), all you’re left with is an in-house payment processor.
When you purchase a starter packages – you will also be able to wean commission for building iDealGold as a business.
How you “build a business” around a payment processor is anyone’s guess. Probably a commission on deposits if I had to guess (and I do, because Vizionary provide absolutely no specifics on their website).
At the moment Vizionary recruitment is primarily happening in Germany, South Africa and the US.
Alexa traffic estimates for the Vizionary website suggest the September surge has already gone into decline, although it could obviously pick up again at some point.
As far as Vizionary as an MLM company goes, there are a boat-load of regulatory violations in connection to their mining slots and promise of “high returns” through OneGram.
That’s on top of whatever else they’re promising affiliates through YallaPay and iDealGold.
To see where all of this is going one need only look as far as Capricoin.
Real money paid for worthless points, which post public listing pretty much go nowhere.
Doesn’t seem to bother founder Frode Berg though, who no doubt laughs all the way to the bank as Vizionary affiliates continue to invest on the promise of riches.