Skip to main content

Onecoin Press Release - 1st October, 2016. INTRODUCING THE NEW BLOCK CHAIN.



In official press release OneCoin announced earlier today that it has successfully launched a new and greatly enhanced blockchain in front of over 10,000 people at the OneLife Mastermind event in Bangkok, Thailand.

The new OneCoin blockchain is safer, faster and tailored for future-proof mass transactions in line with the company's vision to create a mass market for OneCoin and to become the biggest cryptocurrency in terms of number of users and market capitalization.

The new OneCoin blockchain is a giant step forward in the company’s strategic development. Increasing the total amount of mineable OneCoins from 10 000 coins per block in the old blockchain to 50 000 coins per block in the new blockchain, adding up to a total of 120 billion coins, allow OneCoin to expand its user base and turn its plans for creating a strong global merchant network into a reality.

“We do not expect a steep price movement after October 1st. Cryptocurrency value is driven by supply and demand - and demand is driven by brand and usability. By doubling the coins, we will be able to bring the coin to more people and places and strengthen the brand. Also, doubling the coins will allow us to start including merchants to use the coin - which will take us into a new league of cryptocurrency - becoming the first-choice cryptocurrency for merchants. These developments are extremely exciting and will make our coin the global leader in the cryptic market”, said Ruja Ignatova, OneCoin Founder and Visionary, who pointed out the crucial security and speed changes to the blockchain.

To reinforce its goal of being transparent and honest in its dealings, OneCoin is the first cryptocurrency company to store know-your-customer (KYC) documents on its blockchain thus preventing anonymity of transactions and any possible attempts to use OneCoins as a means for criminal activity.



The company's commitment to growth and improvement is also notable in its efforts to help cryptocurrency users make payments even faster. Hence the new OneCoin blockchain will run every single minute as opposed to the old blockchain, which yielded blocks every 10 minutes.

All strategic steps that OneCoin has made so far aim to ensure the global usage of the coin by both businesses and users as well as to position its cryptocurrency as the best one for merchants because of its instant, simple and safe transfer of funds.

The first definite step in that direction being the OneLife Mobile App Builder also presented at the OneLife Mastermind event today. The Mobile App Builder (MAB) gives small and medium businesses (SME) the opportunity to build their own business app that will help them grow their business and communicate directly with their customers. Read more about the event at the OneLife website.


As one of the fastest growing companies in the industry, OneCoin recognizes its responsibility to show the right business direction and comply with the regulators, while making its cryptocurrency accessible for all people worldwide. Among other things, this means that the company sets high standards in terms of transparency and responsibility in a young, highly competitive and unregulated industry.

Comments

Popular posts from this blog

Ripple (XRP) vs Stellar Lumens (XLM)

Considerations when deciding between XRP and Stellar Lumens With strong financial backing and a long list of partners,  Ripple  has attracted plenty of attention not only in the cryptosphere but also across mainstream media. But any analysis of Ripple inevitably draws comparisons with  Stellar Lumens (XLM) , another crypto giant focused on offering fast, reliable and affordable global payments. There are plenty of similarities between Stellar and Ripple, but also a few key differences. Read on to find out how these two cryptocurrencies stack up against one another and decide which project is best placed for success. Disclaimer:  This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. XRP vs XLM: The breakdown XRP (XRP) XRP Stellar Lumens (XLM) Stellar Lumen Description XRP is designed to offer ...

Exscudo: We are ready for stress testing!

1 Introduction Dear users, we are glad to inform you that the time has come: we are ready to run the stress test! The purpose of the stress test is to determine the maximum number of users who can simultaneously work on the exchange 2 Referral program rules in the context of the stress test T he referral program runs in the test environment, so the stress test is conducted here: test.exscudo.com For users stress test we have improved functions of Exscudo beta exchange. All functions of real exchange will be available for you, except tokens deposit/withdrawal. We will automatically deposit tokens to every account to make stress testing easier for you. You have a chance to see how Exscudo exchange will work in nearly future.    The total number of reward tokens for the stress test participants is 100,000 EON. You can earn tokens in a proportion of 40%-20%-40%: you get 40% for invites, 20% — for your own trading and withdrawal operations and 40% for the exchange...