For those among us who have been using the internet for quite some time now, the saying “If it sounds too good to be true, it usually is” has been applicable on more than one occasion. In the case of OneCoin, that same saying comes to mind immediately, because the first sentence on their “Opportunity” page states: “OneCoin provides a once in a lifetime opportunity.”
The page then continues to mention the history of Bitcoin, and how the huge price spike of 2013 was such an important feat in the history of this disruptive digital currency. But have no fear, as this MLM program will allow investors to be “part of the next big winner in digital currency, OneCoin”.
So far, nothing seems out of the ordinary other than some very bold and wild claims, but this is where things get of particular interest. Joining the OneCoin program can only be done through invitation, creating the illusion of being a “select group of elite people”. Furthermore, everyone who joins the “One program” will position themselves “in an unlimited revenue generating program”.
If that isn’t a red flag, the page continues by referring to “OneLife Points”, a sort of online “currency” which apparently has value. The sooner you join the program, the more OneLife Points you will earn, as it is based on “all people who join the One program after you, will earn points for you”. This is the second red flag about this program and its MLM-based aspect.
