OneCoin Exchange & Xcoin

OneCoin Exchange.

OneCoin is in its ICO phase and the coin will be launch to open market on 8 October 2018. It will be introduced to XcoinX exchange. The beta version of XcoinX has already introduced by the company to test its working.
It worked perfectly and now the company is planning to introduce the full feature version on 8 October. After introducing the coin to this exchange the company will decide whether to introduce OneCoin to other exchanges or not.
Maybe the company launches the final version of XcoinX 4 to 5 days before the OneCoin launch to open market. But we can’t say anything about its exact launch date. The website is showing “The site is currently under maintenance.”
XcoinX will be the official exchange for OneCoin. Where OneCoin users will involve in trading with OneCoin. If some new user wants to join the exchange, he has to purchase to buy OneCoin by spending Bitcoin or Ethereum.
The company aims to turn OneCoin into a global payment system by introducing it to its own exchange XcoinX.

Germany Approves Cryptocurrency as Legal Means of Payment

Germany Approves Cryptocurrency as Legal Means of Payment.

The German Federal Ministry of Finance would exempt tax payment from bitcoin and other cryptocurrency transactions used as a means of payment.

Germany Approves Cryptocurrency Legal

On Tuesday Feb. 27, the German Federal Authority issued a statement announcing its decision to consider purchases with bitcoin and other cryptocurrencies as tax exempt, citing the 2015 judgment of the European Court, which set a precedent for all members of the European Union.
With the newly introduced tax laws, Germany will regard cryptocurrencies as equivalent to legal tender when used as a means of payment. The German tax statement reads:
“Virtual currencies (cryptocurrencies, e.g., Bitcoin) become the equivalent to legal means of payment, insofar as these so-called virtual currencies of those involved in the transaction as an alternative contractual and immediate means of payment have been accepted.”
According to EU’s directives, a conversion from crypto to fiat or vice versa is classified as “other taxable services”. This means that a tax exemption benefit shall be implemented for transactions that involve exchanging cryptocurrencies to fiat currency and vice versa.
Under this provision, cryptocurrency exchanges operating in the country can also benefit from tax exemptions acting as intermediaries for exchange transactions. The court’s ruling also states that the minor’s fees will not be taxed as their services are classified as ‘voluntary’ under these tax laws.
These set guidelines by the German ministry of finance are in contrast with the US government stance on cryptocurrency, where the Internal Revenue Service (IRS) considers Bitcoin as property and therefore subject to property tax.

Coinsafe ICO Packages KYC Some Information about Onecoin

Onecoin Coinsafe

1, What happens to coinsafe?
Coinsafe has a problem to do. As long as the servers are not running, the coins are not visible. All coins are left and will appear shortly.
Now most have got their coins back so it should be in order.
2, is the onecoin approved by the authorities? 
Is it also onelife or are there different investigations?
The investigation is complete. Public info comes. No remarks. There is evidence of a blockchain. It will also be published.
Onelife has never been involved in the investigation.
3, when will the upgrade hunt
Everything has been delayed due to the intrusion of the coin units.
This also ICO Step 1 that had already been running otherwise.
Jobs up to 100% and will be launched shortly.
4, ICO packages?
Will be launched shortly with a whitepaper as a job base at the moment.
The idea was that it had already been started.
5, KYC Approval.
There will be automatic approval so we do not have to wait.
Onecoin has been hugely misdiagnosed for a long time.
To meet both the Konstantin and Legal department gave us only a lot more water on our mill that Onecoin is at the forefront.
Why do things take time sometimes?
It's because there are people who want the company very badly and make sure to put many sticks in the wheel.
But it's over now.
The authorities' investigation is completed and will be published.
You can see how long it took for Italy's approval to be published.
So it may take a couple of weeks.
There is also evidence that Onecoin has a blockchain. It was one of the agencies' work to check.

OneLife OneCoin in 2018 Open Market

OneLife / OneCoin. 2018.

Onecoin Best coin  

1) in 2017, they obtained 3 million partners, now 3.5 million partners
2) The company has 700 diamonds, 154 blue diamonds, 31 black diamonds
3) Konstantin Ignatov and the team wants the company to have more professionals. And under the word professional he does not mean personalities in sunglasses. If someone wants to be a rock star, buy a guitar, but do not go on stage to the events of the company
4) The company organizes three-day leadership training on 5 continents to help leaders become professionals. There will be training in conducting events and expo, according to DealShaker and personal growth.
5) In the first year of operation of DealShaker, 120 million coins were used. The more coins are used, the higher the value of the coin becomes.
6) In the first week of work DealShaker joined 4,000 merchants, now the company has more than 50,000 merchants. The platform has more than 100 000 transactions, more than 300 transactions take place every day.
7) In 2018, the company will provide more presentations and materials for the work of partners. OneAcademy will launch a new section on crypto currency and block chain. That will be a 3 hour video on the development of the crypto industry
 Without any advertising in the first week in OneForex registered more than 10 000 people. Forex is very important, because a very large market in the world.

Future Of Cryptocurrencies

What Is the Future of Bitcoin and OneCoin? 

Digital Currency is a New Evolution of Money From the beginning, a lot of experts expressed their opposition to Digital Currencies saying that they are systems that cannot be sustained for a long time. When Bitcoin emerged in 2009, almost all the experts were against it, said it was a scam, it won’t work. But what they failed to understand is the benefits of what similar systems can bring. Instead of embracing it as a new evolution of money, they immediately dismissed it as nonsense.

The Future of Cryptocurrency

Digital Currencies are just a technological upgrade of our present monetary system: from shells, whale bones, bartering, coinage, paper money, electronic money and Digital Currencies. So Digital Currencies are just a technological upgrade to our current system of electronic money. And this is what the banks around the world are just beginning to accept.
Digital Currency is Technically Impossible to Counterfeit With regard to Digital Currencies, people don’t know what they are, some people don’t believe in it, many people did not believe in 2015 and 2016, but now they are beginning to believe in it. And today many people still do not understand it. The easiest way to explain Digital Currencies is to first understand that all paper money has a serial number on it. Each Digital Currency coin has a serial number, which is heavily encrypted, and then protected with several other layers of encryption, and all of those layers are cut out, and then randomized, and that’s how they are protected in the system. So it is technically impossible to counterfeit a single coin and make two out of one.
The Unexpected Happened
But what happened? Bitcoin went up in price and mining difficulty increased from 1 to ~. Skip forward to 2013 and mining difficulty is 37.5 million and the block reward for miners is cut in half, from 50 to 25. Skip forward to 2017 and mining difficulty is almost 2 trillion and the block reward for miners is only 12.5. What does this mean? Bitcoin is more expensive to send than Western Union or the banks. This is the basic problem.
Ripple is the Bank Coin
OneCoin has a lot of haters who are accusing us of many things. But as time is passing, their arguments are mostly lost. To put this hate into perspective, let’s consider Ripple. It is now known as the “bank” coin because Ripple is focused exclusively on the banks. In the beginning Ripple was considered a scam by the Bitcoin community, because it firmly believes that a legitimate Digital Currency cannot be centralized. But now Ripple is the third Digital Currency in the world by market cap, because they stay focused on their mission.
How Important Is Anonymity?
Monero is the most anonymous Digital Currency available because of the heavy layers of cryptographic encryption. The biggest concern of the regulators for Digital Currencies is anonymity from taxes and money laundering. People cannot register on the exchanges due to KYC requirements. Every state wants full disclosure in the money flow. And that is why cash is being replaced by digital currency. Banks are beginning to prevent Digital Currency purchases.

MInig of Cryptocurrency

Mining.

Mining Rigs to Mine Cryptocurrency

Now let’s talk about mining. In Digital Currencies mining is usually referred to as bookkeeping, and miners are usually called accountants, and miners are responsible for running the blockchain. If the mining stops, the blockchain stops. Because miners not only create new blocks, they verify transactions and create new coins. These are the 3 basic functions of mining Digital Currencies.
Hash Function
Mining uses the hash function and it serves as a hook to connect the new block to the old one. There are several types of mining when it comes to the technical aspects: Proof of Work, Proof of Stake, Delegate Proof of Stake, and others. The basic ways to mine are (1) Corporate Farms that have huge mining centers the size of factories with thousands of machines to mine the coins, and (2) Private Miners. There are two main types of hardware used to mine Digital Currencies: ASIC and GPU. They are getting more expensive and they consume more and more electricity. Beware of and avoid cloud mining. There is Genesis mining and others that are usually based on reselling you electricity at a much higher price than they are getting it, and it is normally not profitable this way.

How Famous Cryptocurrency is in Public

Why Do People Like Digital Currencies?
Why are people looking for Digital Currencies? Because they perform better than ordinary money. All fiat currencies are falling. They are printed constantly and inflation is going higher and higher and the value is less and less. This includes the US Dollar and the Euro, and every other fiat currency. On the other hand, Digital Currencies are rising in number and value and market cap higher and higher every year.

Recovery Chart of major Cryptocurrency

One Third of The World’s Population Is Unbanked
One third of the world’s population cannot join the banking system because a large part of the world is not technologically developed enough. In Europe and North America we are used to have a certain development of technological infrastructure. Most of the other parts of the world don’t have it. For example in Europe, looking at mobile networks, 4G is not very well distributed. (The term 4G stands for 'fourth generation' and refers to mobile network technology that enables 4G compatible phones to connect to the internet faster than ever before. In the UK, 4G launched in 2012. Right now, the number of smartphone users who use 4G is dwarfed by its forerunner 3G.) Do you know what part of the world has the best 4G network? North Africa. They never had a mobile network or the old infrastructure. Replacing the old infrastructure with the new is very expensive and slow. So what they did was take the top technology and just install it. That’s why they have the best 4G network in the world.
The Unbanked Are Most Accepting Of Digital Currencies
Same thing is with other developing regions of the world. They don’t have the banks. They don’t have a very good personal ID system. What they do have is a very good mobile network and their phones. They don’t use credit cards. Africa has the highest e-payment systems in the world, because they didn’t have banks before that. (An electronic payment, or e-payment, can be simply defined as paying for goods or services on the internet. Epayments come with various methods, like credit or debit card payments or bank transfers.) And these e-payment systems are owned by small private companies, not the banks. With banks they could communicate and transact within a small geographical area. But with Digital Currencies they can transact with the entire world. This is why they are the most accepting of Digital Currencies. This market is 7.5 times larger than the entire USA, and the largest economy in the world.
Why Many People Don’t Like Banks.
Why many people don’t like banks: make mistakes with your money, are expensive, slow to transfer money especially globally, transactions don’t work on weekends, and when the crisis hits, you cannot withdraw your money, like in Greece, and everywhere else in the world. Digital Currencies actually allow us to have access to our money all the time, and we can send it anywhere anytime we want. And if we look at the remittance money transfer market, it is constantly growing. It is not growing much in Europe or North America, but in the rest of the world it is huge and growing very fast. Banking services will not open or be available in remote and developing areas, but Digital Currencies will.

Difference Between Centralized and Decentralized Blockchains

There are two basic types of blockchains:

 (1)Centralized Blockchains
 (2)Decentralized Blockchains. 

The most commonare decentralized,but all blockchains are distributed. In the centralized blockchain the distribution is between the nodes of the owner and partners/investors.The main advantage of decentralized blockchains is that it is open source and anyone can join and contribute. Currently approximately 50,000 programmers all over the world are contributing to decentralized blockchains. And they share their knowledge with each other. They are very diverse and distribution is much easier. Regarding centralized blockchains, that is not the case, because the mining is done by the owner of the blockchain and distribution is confined to a much smaller group of people. Centralized blockchains according to some critics are just an upgrade of the centralized banking system more than the progression of the blockchain,which could be considered to be partially true, but not entirely. Both systems have their good sides and their bad sides.It is a huge world, a huge market, and everyone can think for themselves.
What Is The Overall Advantage of The Centralized System? 
The processing or hash power of the network does not need to increase because it can remain constant and the number of transactions can remain constant. But if they wanted to increase the processing or hash power, the number of transactions can also increase with it. So centralized systems can increase the number of transaction far easier and faster than any decentralized system. In the long term, this is far more significant than most people realize.
Transaction Speed the Main Advantage of Centralized Systems
To put this into perspective, for example, OneCoin can support 100,000 transactions per second, VISA 54,000, PayPal 450, Ethereum 25, Bitcoin 5. So if we look at global use, the decentralized systems chances of increasing their transaction speed is very weak. Centralized systems can increase their transaction speed in a matter of days by just increasing their processing power. That is the main advantage of centralized blockchain systems.
Bitcoin Fees Are Increasing With regard to fees, Bitcoin is increasing, and others are following suit. Very few people anticipated that. And the fees will only continue to increase. So it is  not a cheap system to use.
Exchange Monopoly Cartels Hate OneCoin
Unfortunately when people are first introduced to OneCoin, they search the Internet: What is Bitcoin? What is OneCoin? They go through all the hater stuff and they catch themselves on the price. OneCoin is $25 and Bitcoin is $8,000, and nobody asks why. Bitcoin has a monopoly. If you go to the exchange, you must use Bitcoin to buy any other coin, and this is the monopoly cartel (organized agreement to maintain prices at a high level and restrict competition) created by the exchanges.
There are 4 basic steps:
1. You deposit your money on the exchange
2. You buy Bitcoin
3. You exchange Bitcoin for another Digital Currency
4. Then you withdraw those coins into your eWallet
There are 4 fees to be paid and this is a global agreement for every exchange. They all make a lot of money on these exchanges and they do not intend to change that. Any Digital Currency that bypasses this entire global exchange system is their competition and their enemy, and they will do anything and everything to destroy this competition.
Big Advantage of Centralized System.
Regarding technical aspects, and if we look at the long term solution, the centralized system has a big advantage.Why? Consider this old Bitcoin commercial from 2013, and it sends a very good message. Western Union send $50 for $5 fee for pickup in the US. Bitcoin send any amount for only $.01 for pickup anywhere in the world. And that was the initial advantage.
Big Disadvantage of Decentralized System
The entire problem of the decentralized systems is, as people join the mining pool, the processing or hash power of the network is increasing, but the speed or number of transactions per second is staying the same. The mining requires very expensive computer processing power and increasing cost of electricity, so over time the cost of each transaction is becoming more and more expensive. And what they should do is, as the power increases, the speed should also increase, but that is not happening. This increasing cost per transaction is due to the disparity between the increasing power cost and static processing speed. And this is what the normal ordinary Bitcoin enthusiast does not understand. I have had a lot of arguments with them, but they are mostly fascinated by technology, and not anything else. They do not care about usability, they are not interested in the value, they just recognize the systems that are copy and paste systems the same or similar to Bitcoin. And everything else to them is not valid.
The main advantage is diversity and innovation because there are now blockchain systems for almost everything public and private. For example in a recent test, Sweden’s land registry process was reduced from 4 months to only 5 days using blockchain technology. That is how much faster the system works on the blockchain.
Cons of Decentralized Blockchain Systems.
The disadvantages.
The main disadvantage is high risk of abuse, anonymity, and the problem with network consensus. When the network had to increase the blockchain size for Bitcoin, to allow more transactions, their network started almost a civil war. Now we have Bitcoin, BitcoinCash and BitcoinGold; and everybody against everybody. The price doesn’t show it, but the system is in turmoil.
Process of Decentralized Blockchain Systems.
They are usually static and not susceptible to change, usually high competition between them, and while network marketing business model can be an advantage, it can also be a disadvantage. What is the greatest strength of OneCoin? OneLife network marketing. What is the greatest weakness of OneCoin? OneLife network marketing. Because we had leaders who were not good and did bad things and they contributed to the bad reputation, and we had good leaders who made a good reputation. But the press and the general
public always focus on the bad things. So you can do 20 good things and 1 bad thing, and the press always reports on the 1 bad thing, and they will never mention the 20 good things.

What is the Blockchain and How It Works

What is the Blockchain?

Today everyone is talking about the blockchain, but not very many people know what it is. To make it clear, blockchain is a platform and a technology that enables any data base to run on it. So when people think that Bitcoin and blockchain is the same thing, that’s not true. Bitcoin is the first successful application of the blockchain in the world. And others followed suit.
The First Blockchain Principle 500 AD
The first blockchain principle that was used in human history, as early as 500 AD, was the Rai stone of the Island of Yap, an island located in the Caroline Islands of the western Pacific Ocean 1,200 miles east of the Philippines.
Rai Stones, or stone money, are large, circular stone disks carved out of limestone formed from aragonite and calcite crystals. Rai stones were quarried on several of the Micronesian islands, mainly Palau, but briefly on Guam as well, and transported for use as money to the island of Yap. They have been used in trade by the Yapese as a form of currency. The monetary system of Yap relies on an oral history of ownership. Because these stones are too large to move, weighing 4 tons, buying an item with one simply involves agreeing that the ownership has changed. As long as the transaction is recorded in the oral history, it will now be owned by the person it is passed on to and no physical movement of the stone is required. It was only used by tribal chiefs, elders and the wealthy.

Verify Transactions

When the transfer was about to happen, the entire community gathered together to witness the transaction. So the stone was not moved, and the transfer became common knowledge. So nobody could later dispute that the transfer did not happen. All who witnessed the transaction were able to later verify that the transaction took place. And that is exactly how the modern blockchain works today.

Blockchain: Distributed Data Base

Blockchain operates as a distributed data base, and each participant holds the exact same copy of the blockchain, and they are all synchronized, so you cannot compromise it, you cannot delete it, because you could delete all copies, but if only one user has a single copy of the blockchain, he can restore the entire system. That is the basic advantage.

Why Is It Called The Blockchain?

Because all transactions are locked in blocks, and all blocks are chained to each other. All transactions in a block have a limited time frame before they are locked in. For example Bitcoin is 10 minutes, and OneCoin is 1 minute. When the block is open, all transactions in that time period are recorded. After that, the block is closed, and a new one opens. And blocks are connected to each other by a unique hash function. (A hash function is any function that can be used to map data of arbitrary size to data of fixed size. The values returned by a hash function are called hash values, hash codes, digests, or simply hashes.) And each block can only build onto the hash function of the previous block. No blocks can be added in between. They cannot be removed and cannot be changed. Once the block is closed, that’s it. That’s the primary advantage.

How the Blockchain Works?

When someone wants to make a transaction, the block is either created or already existing. When the user makes a transaction, it is broadcast to the entire network. And if the network recognizes the user has enough coins in his account to make the transaction, it is approved and the transaction is sent. If he doesn’t have enough coins, the transaction is automatically declined. After the end of the block time, the block in which the transaction is contained is closed, and the receiver gets the coins. In most cases that takes less than a minute when it comes to newer Digital Currencies. In Bitcoin for example it lasts 60 to 90 minutes. If you want to send money through the banking system to the other side of the world, that will take days. This is what bankers could not understand in the beginning. Now they are catching up.

What Is The Future Of DealShaker And OneCoin?

OneCoin is working on a newer and better DealShaker merchant platform. The future price of OneCoin after it goes public will largely depend on the DealShaker, because if OneCoin is not usable, there is no reason for anyone to have it. So the current efforts of OneCoin are to make DealShaker better and more popular. And leaders will be partially responsible for educating their teams to educate their people (users and merchants) to use DealShaker. The use of DealShaker is not complicated, but still a lot of people don’t know how to use it. We need the network to know and use the DealShaker properly.
Vetting merchants and processing merchant documents is time consuming, complicated and not uniform from country to country. So going forward it will be easier for the merchants if the members will prepare all of the documents ahead of time. In 2017, over 55,000 merchants joined the DealShaker Platform (dealshaker.com), and 120 Million OneCoin ($3 Billion) were spent for goods and services, in more than 100,000 transactions, averaging 300 transactions daily ($30,000). In 2018 it is projected that over 250,000 merchants will join the DealShaker platform, and 600 Million OneCoin ($15 Billion) will be spent on the DealShaker Merchant Platform (dealshaker.com) for goods and services, in more than 500,000 transactions, averaging 1,500 transactions daily ($150,000).

When Will Bitcoin Mining End? What Happens After All Of Bitcoin Is Mined?

The mining of Bitcoin will continue even after all of the Bitcoins are mined. But the basic interests of the miner are block reward and transaction fees. Today the block reward, the newly generated coins, are 80% of their income, perhaps even more, and transaction fees are the smaller balance. When the block reward discontinues, the only income remaining will be the transaction fees, which will have to increase to be profitable. So in the long run, Bitcoin will only get more and more expensive. If the transaction fees get too high, people will not use Bitcoin for transactions. 2018 is the year of altcoins. Bitcoin is losing market capitalization share. As time goes on, Bitcoin will continue to lose more and more market share. Because it is the first blockchain, oldest blockchain, most inefficient blockchain, and most expensive to use. All Digital Currencies that use Proof of Work are now regarded as long term unprofitable and unpractical. Ethereum and others are switching to Proof of Stake. Bitcoin is staying the same. A lot of investors in Bitcoin are now putting their money in other coins. Bitcoin’s monopoly will end when it comes to exchanges and as that happens the price will likely go down, and most users will leave it.

Will Bitcoin Become Like Gold As A Store Of Value?

Bitcoin acts currently like gold because gold is expensive to move, and Bitcoin is also expensive to move. Gold acts as a store of value. A store of value is something that retains its value or the value increases. When Bitcoin loses its value, then it loses that property as a store of value.

Why Will Bitcoin Lose Its Value But Gold Not Lose Its Value?

Because gold cannot be destroyed, it’s eternal, it does not weather over time, and everybody knows what it is, and it’s physical. Bitcoin is just a file on the Internet, a digital record. Long term status of Bitcoin is not even a point of debate within the Bitcoin community. The long term solution for Bitcoin after mining is now a fierce debate within the Bitcoin community. They don’t know how to solve that issue.

What Happens When Ripple Replaces the SWIFT Banking Transaction System?

The current transaction fee to the bank for Ripple is $0.0000001, a million times less expensive than SWIFT. This is why the banks are switching to Ripple in lieu of SWIFT. Ripple is one company controlled by a group of people, and the composition of ownership of Ripple can be changed. Banks have a lot of influence. They cannot control decentralized systems, but Ripple is centralized and much easier to control. 2/3 of Ripple coins are for banks and 1/3 are for the general public.

OneCoin is the Merchant Coin

OneCoin is the Merchant Coin

Regarding usability and the merchants. So what do you do with OneCoin? The main critic is why you can’t sell the coins? What will you do with your OneCoins? Let’s consider the typical process for acquiring all Digital Currencies except for OneCoin.
1. You deposit your money
2. You acquire coins
3. Price goes up
4. You sell coins
5. You buy goods and services
But why do you need step 4? OneCoin can be regarded as the merchant coin. OneCoin does not require step 4 because we can purchase directly from the DealShaker platform goods and services. Who is losing here? The exchanges. They are losing money. That is why they do not want OneCoin. Any Digital Currency that bypasses this entire global exchange system is their competition and their enemy, and they will do anything and everything to destroy this competition. This is the main reason for very bad reputation for OneCoin. And all of the exchanges consider OneCoin to be a scam. In truth skipping step 4 saves a lot of people a lot of money. That’s why they hate OneCoin. It’s not the mining. It’s not the centralized blockchain. It’s simply the competition of business. 55 Minutes.

Market cap of Onecoin

What is the current Market Cap of Onecoin? 

 And how many ONE Mined so far
Answer: Please open your onelife Account, select Crypto Currency from main menu. Next select Blockchain from sub menu.
Check the current height of block is 770706 @ 10:04am PST, 28.04.2018.
Onecoin’s blockchain mines 50’000 ONE per minute. Now we can calculate market capital of ONE at the rate of current price, which is €20.75 per ONE.
770’706 x 50’000
= 38,535,300,000
L38.5 Billion ONE mined until now
Market Cap:
38,535,300,000 x 20.75
=799,607,475,000
799 Billion Euros
is the current market cap of ONECOIN.