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Onecoin Postpones Again The Launch of Its Platform to Reactivate Its System from Argentina

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Konstantin Ignatov, representative of the well-known OneCoin or OneLife pyramid scheme, has announced the establishment of the Global Leadership Group (GLG) of investors in Argentina, an initiative that has also confirmed that the OneCoin platform will not be ready until 2019.

In an event led by Ignatov and held in Argentina, it was confirmed that the OneCoin platform will not be made public on October 8 as scheduled, but on an indefinite date for 2019. This is due to the new projects that the scheme claims to have in Latin America, which mainly target Argentina.

OneCoin has decided to launch a new Global Leadership Group (GLG) in Latin America, a project that ensures that it will provide individual investors with a relevant position in the company. The group has also announced an Initial Currency Offer (ICO) in the region, which will have 4 stages of sale of some OFC points.

This new ICO is another layer of virtual point sales within the pyramid scheme, as the OFC precedes the marketing of the’OneCoin points’, which are also a way of financing the launch of a so-called token, according to statements by the representatives of the scheme. In other words, these financing tools do not have any clear functioning or equivalence, beyond their monetary contributions to the OneCoin group since 2014 -the year in which the first investments for the group began-.

Likewise, it was also announced that this Initial Currency Offering was beginning its first stage on September 8. However, its last round is scheduled to end on January 7, 2019, dates that confirm that the OneCoin currency will not be enabled.

In addition, the event included in-depth information on the new details of the OneForex platforms, the company’s training and education program, as well as social network updates, auctions and a new search engine for the online trading tool, DealShaker.

LATIN AMERICA: THE UNTAPPED TERRITORY

As if that were not enough, Ignatov not only talked about the new OneCoin launches, but also about its legal status worldwide. The representative said that the investigations led by German authorities in early April 2017, which generated a wave of frozen accounts associated with Onecoin, have not “found anything wrong with OneCoin”.

It also claimed that’an IT group’, whose name was not specified, had confirmed that OneCoin possessed’all the characteristics of a blockchain’, evidence which was submitted by Ignatov in a document signed by the group.

Some Internet users believe that OneCoin’s move to Latin America, and specifically to Argentina, is due to a move by the company to attract new investors in view of the collapse it suffered last year.

Due to the constant investigations carried out against the group in Europe, through the authorities of Germany and Sweden, numerous media have denounced that the project could be a pyramid scheme, joining the closure of accounts, alerts and demilitarization in Asia, led by Singapore and China. OneCoin had a considerable decline in its investors and a financial collapse in recent months.

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ONECOIN POSTPONES AGAIN THE LAUNCH OF ITS PLATFORM TO REACTIVATE ITS SYSTEM FROM ARGENTINA. (2019, May 14). GradesFixer. Retrieved January 27, 2023, from https://gradesfixer.com/free-essay-examples/onecoin-postpones-again-the-launch-of-its-platform-to-reactivate-its-system-from-argentina/
“ONECOIN POSTPONES AGAIN THE LAUNCH OF ITS PLATFORM TO REACTIVATE ITS SYSTEM FROM ARGENTINA.” GradesFixer, 14 May 2019, gradesfixer.com/free-essay-examples/onecoin-postpones-again-the-launch-of-its-platform-to-reactivate-its-system-from-argentina/
ONECOIN POSTPONES AGAIN THE LAUNCH OF ITS PLATFORM TO REACTIVATE ITS SYSTEM FROM ARGENTINA. [online]. Available at: <https://gradesfixer.com/free-essay-examples/onecoin-postpones-again-the-launch-of-its-platform-to-reactivate-its-system-from-argentina/> [Accessed 27 Jan. 2023].
ONECOIN POSTPONES AGAIN THE LAUNCH OF ITS PLATFORM TO REACTIVATE ITS SYSTEM FROM ARGENTINA [Internet]. GradesFixer. 2019 May 14 [cited 2023 Jan 27]. Available from: https://gradesfixer.com/free-essay-examples/onecoin-postpones-again-the-launch-of-its-platform-to-reactivate-its-system-from-argentina/
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