Cryptocurrencies are created using cryptography and through a process called mining. These currencies can function as a medium of exchange and, because of their creation, are difficult to counterfeit. Cryptography protocols are used to make transactions safe and to control the process of new coin creation.
The value of the digital coin depends on factors such as usability, demand and supply. Therefore, cryptocurrencies are often compared to gold or even called 'virtual gold.'
Unlike money issued by governments, there is a finite number of OneCoins, ensuring they cannot be affected by inflation and are impossible to counterfeit. Because cryptocurrencies are not tied to any particular country or central bank, the value of the coin depends on factors such as usability, demand and supply.
When joining OneCoin, users become part of a global network of millions of OneCoin miners, who are able to choose among different ways to use their OneCoins. You can mine the coin and benefit from its value (08.062017 is €12.45). You will also be able to make payments and transfer money to and from any part of the world.
OneCoin's blockchain sets a new industry standard by storing KYC information. It runs every minute and is tailored to meet both customer and merchant needs.
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