Digital Currency: OneCoin Shaping Your Financial Independence
OneCoin FAQs
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Transcript of OneCoin FAQs
![Page 1: OneCoin FAQs](https://reader037.fdocuments.in/reader037/viewer/2022092804/58d0aca41a28ab1d3a8b457f/html5/thumbnails/1.jpg)
ONE COIN FAQ
LATEST UPDATES
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When will trading of OneCoin start?
The trading of OneCoin will start on June 15th,
2015
Where will OneCoin be traded?
OneCoin will be traded on the OneExchange in
the backoffice. All members can buy and sell
coins there.
What about the market capitalization of the
coin?
One of the highlights of our event in Dubai was
to see OneCoin climbing up the ranks in market
capitalization.
It is a huge success for us, that OneCoin
cryptocurrency is now listed on one exchange.
You can calculate market capitalization by
multiplying coins mined with market price (e.g.
coins mined*market price). You will see that we
have already surpassed Litecoin and we expect
to continue climbing the ranks.
Why can’t you find OneCoin on coinmarket and
other exchanges yet?
Because OneCoin is a very new cryptocurrency, not
open for trading for everyone (yet). Currently only the
ONE Network can mine and trade the coin at the ONE
Exchange.
There are many cryptocurrencies on the market – not
all necessarily listed on all exchanges. All listing and
trading of cryptocurrencies are held with private,
anonymous owners of exchanges - and they decide
alone what currencies to accept and list. It is up to
them, if they would like to list OneCoin and when they
will list OneCoin.
OneCoin is a successful, genuine cryptocurrency. We
believe that soon other exchanges will notice our
success and hence will list and trade OneCoin.
We are extremely pleased that OneCoin is listed on
www.xcoinx.com. We are confident that more will follow
in during this and the next year. Until then visit
www.xcoinx.com and watch OneCoin’s development.
TRADING: FREQUENTLY ASKED QUESTIONS
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Why are there limits on buying and selling
the coin?
Currently OneCoin is still in its very early stage.
Only 150 Mio coins out of 2.1 billion have been
mined. This is only 7% of the total amount of
coins. In comparison, Bitcoin has mined over
50% of the total coins. Therefore there is still a
long way to go for us and our coin and the
mining.
However our goal is to open the trading as early
as possible, so our members can get used to it
and start using the coin. In the first month we
have set limits of 1.5% of the total portfolio or 50
coins to be bought or sold (limits are similar like
today for Tokens). These limits will be increased
gradually the more coins are mined. When
enough coins are mined, the limits will be
removed completely.
What we need to avoid is big fluctuations of the price in
the beginning – and we want everyone to have the
same chances to buy and sell the coin. Our target is to
keep the price development of the coin stable – and not
to boost the value of the coin too early.
People who joined with a Tycoon in the early days (e.g.
September 2014) and did two splits should have now
more than 50.000 OneCoins – which means that their
account is worth more than 50.000 Euro. OneCoin is a
long term opportunity – and as a network we should
remember that it is not only for speculation and
investment purposes only, but to be used extensively
Can I buy OneCoin packages with OneCoins?
Yes you can! You can spend 5.000 OneCoins per week
if you are on a Tycoon package, 3.000 OneCoins if you
are having an Executive Trader, 1.000 OneCoins on a
Protrader, 500 OneCoins on a Trader package and 100
OneCoins on a Starter.
TRADING: FREQUENTLY ASKED QUESTIONS
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How long is the waiting list for mining
currently?
Currently it is 35 days.
What happens with the tokens market? How
can I buy coins from the mandatory
accounts?
Tokens will not be sold on the OneExchange any
more, as the coin trading has started. The
mandatory accounts can buy them, but the
mandatory accounts can also buy OneCoins
directly, to avoid the waitlist for mining and join at
a lower price.
On May 31st, 2015 the promotion for mining
and tokens splitting is over. What does this
mean for the members?
The promotion allowing you to mine with your
tokens NOW and still enjoy a split after they went
into mining is over on May 31st, 2015.
All accounts will continue to split as according to the
rules.
But if YOU send your tokens into mining be aware that
they will not split any more if your account is still eligible
for splits. Also be aware that escrowed tokens cannot
go into the mining during the escrow period
All members that have submitted their tokens for
mining before May 31st, will receive a split on these
tokens, depending on their packages and if eligible for
splits.
Members that have acquired packages after June 1st
will have the option to submit part of their tokens for
mining whenever escrow period is over or they can
decide not to go into mining yet keep their tokens in
order to receive a split as entitled to.
Members that submit all tokens for mining after June 1st
will not receive a split on the tokens that went into
mining.
TRADING: FREQUENTLY ASKED QUESTIONS
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Only members that have tokens in their tokens
accounts after June 1st will receive splits as
follows:
• Starter package splits once. You upgrade to
Tycoon. It will split two more times.
• Tycoon package receives 2 splits
• You buy a Starter package. It splits once.
You upgrade to Trader. It will split again once.
You upgrade to Tycoon – the account will split
only once more, as every account can split up to
maximum three times.
TRADING: FREQUENTLY ASKED QUESTIONS