The virtual currency of Bitcoin has many followers. New Providers want to benefit from it and imitate the original. The German consumer magazine FINANZtest warns strongly from the significant risks.

Other providers rely on the enthusiasm for purely digital currencies, the pioneer of Bitcoin has triggered. Whether that is actually profitable for the customer, but is questionable. Newcomers like SwissCoin and OneCoin differ greatly from Bitcoin. In both there are central bodies that verify the system. The currencies have a very limited use. The publishers rely on multi-level compensation plans to attract customers to bring their products further among the people.

If someone is thinking logically then he will get it, that nobody can buy money and nobody can take out more money from a system than the amount of money is inside. Each little child knows already that the market price depends on supply and demand. Which value can have a digital currency which gets traded only by one issuer?

OneCoin does not get accepted by any other money exchanging system found at the world, you get free OneCoins already for signing up, you get additional OneCoins for bringing other victims into the system and you have no chance to use these OneCoins in any shop. Which value can have OneCoins? As soon as the company behind is running into problems or gets shut down from the government you lose all your real money. Each pyramid system or Ponzi scheme breaks down as soon as not enough new victims entering into the system can get found.

OneCoin is a "billion-euro company" according to company founder Ruja Ignatova from Bulgaria. It occurs under the brand names OneCoin, OneLife network and OneAcademy. The website from OneCoin praise their cryptocurrency as the second largest of the world. In two years, Ignatova wants to be the number one and have ten million customers. They buy training packages for prices from 110 euros upwards.

Wow, OneCoin surpasses itself. You need to buy a training package for using it! Does it not show already the scam? You need to get a training for using the crypto currency. Maybe you'll need a training too for using your hard earned real money?

OneCoin describes itself as "centralized" crypto currency. It stands according to the company deliberately "currently not for everyone to act" open, because it is still new. OneCoins can only be traded on an internal network platform. Other trading platforms for crypto currencies are not trading OneCoin. Whether and how OneCoins get mined, bought and sold, depends largely on the management. In June, the company reported about waiting times of two to three months until customers received their coins.

At the same time, Ignatova announced to extend the maximum possible amount of OneCoins from October from 2.1 billion to 120 billion units. If OneCoin has overestimated the demand it can lead to a price crash.

Critics such as the Latvian financial and capital market Commission interfere on the multi-tiered, pyramid-style remuneration system: the company rewarded customers, if they manage to persuade more customers to buying its products, and this cause further purchases.

"The business model of OneCoin is perfectly legal and does not qualify as a pyramid scheme," OneCoin stresses to FINANZtest. The OneLife Network offer genuine products, such as mobile computing device "OneTablet" and real services in the form of training packages with finance. The business model is based "on the basis of a traditional direct sales concept". Let members possible, "to earn their income through referrals and sales training toolkits on cryptocurrency and financial management to non-members." Commission and bonus would immediately depending on the success paid - just as with well-known companies with direct sales offering goods such as kitchen appliance Thermomix, the personal care products of Amway or dietary supplements from Herbalife.

Let us take a look at their product - the "OneTablet". The specifications are getting found at their site:

HD RESOLUTION: 800*480/1024 x 600/1024*768

GOOGLE ANDROID SOFTWARE
Android OS MaPan firmware

COMPONENTS: MTK Quad core CPU

WIRELESS 802.11B/G/N: 802.11b/g/n WI-FI wireless connection

STORAGE: RAM 1GB / Build in 16GB / Expandable up to 64GB

BATTERY POWER: 2500 – 8000mAH / 5V 2A lipo battery

INPUTS TOUCHSCREEN (CAPACITIVE): Multi – point capacitive touch screen

DUAL CAMERAS: Front 0.3MP + back 1.3 million pixels

Front 1.3MP + back 2.0 million pixels

Price: € 550 + SHIPPING + 550 BV (Bonus Volume) GENERATED!

Funny are the specs from the battery power already. It seems like Ignatova is thinking that battery power is a chewing gum. An built-in battery has a fixed capacity and cannot get provided as a value between 2500 - 8000 mAH!

The value of BV (Bonus Volume) is € 1 = 1 BV as it can get shown in their offer:

STARTER PACKAGE
110 €

For those who have no previous financial experience. Includes Level 1 of OneAcademy’s e-learning program. Students will learn basic financial literacy and be introduced to financial products and trading. After completing this module, we issue certification for access to OneExchange. The starter membership gives 1000 promotional tokens which can be put into cryptocurrency mining and generates 110 BV points for network bonuses.

For these ones, which are thinking that you'll get something additional value with the starter package and for this reason you are not able to convert € 1 to 1 BV, I'll show you in the next screenshot that this additional offers have no real value, because if you buy the most expensive package for € 7,500 you'll get also 7,500 BV.

An tablet with similar specifications can get found from the Maixin Group at Alibaba (Tablet offer from Maixin Group at Alibaba.pdf (2.37 mb)) for the price between US$ 55 and US$ 60 depending on the count of pieces you are ordering.

With other words you'll pay for a product, which has the value of US$ 60 the exorbitant price of € 1,100!!! Let us include the exchange rate between US$ and Euro from today, where € 1 = US$ 1.12284 or US$ 1 = € 0.88993:

The Veto Concept AG from Leipzig is coming from direct sales site too. They presents themselves on the Internet page richcoin.eu as an independent sales partner of OneCoin. The digital currency explained to one of "the hottest financial topics". After the warning from the consumer magazine FINANZtest got published Veto Concept AG stopped publishing their site richcoin.eu. The following amazing content gets shown:

Translated to English:

Dear visitor,

the website "RichCoin" got discontinued by us. Just use the contact form if you have questions.

Friendly greetings VETO CONCEPT AG

It seems that the "hottest financial product" has been even coming to hot for their business. Think about it what you'll doing if you see a similar content at the site from OneCoin. It happened already at least one time as the system from BigCoin got shut down in the year 2014. Involved in the system from BigCoin has been Ruja Ignatova.

The website badbitcoin.org, a platform of cryptocurrency fans criticizes multilevel distribution systems. She denounces dubious practices and accumulated negative reports. OneCoin is on their "Badlist", a warning list for not recommended deals.

A digital currency of a central supplier, industrial applied for payment transactions - reminds of electronic money (E money). The currencies were to be classified, the company needs a permit. In the register of approved electronic money institutions of the Federal Agency for financial services supervision (BaFin) are not getting found the companies around OneCoin and SwissCoin.

Would the BaFin classify the currency as e-money, they could order the rescission. Also around classical crypto currencies there subject to authorization activities. In June reported the German magazine "Der Spiegel", the BaFin review OneCoin. The BaFin has not given statement until now. It may be that the digital currencies will facing hot stages for various reasons.

Domain owner of onecoin.eu:
Name: Tsvetelina Lekova
Company: Onecoin Ltd
Address: 12 Tsar Osvoboditel, 1000 Sofia, BG
Phone: +359.24444331
E-Mail: tsvetelina.lekova@ravenr.com

Domain owner of onelife.eu:
Name: Albena Topalova
Company: One Network Services Ltd
Address: PI. P.R. Slaveikov 6A, 1000 Sofia, BG
Phone: +359.24444331
E-Mail: office@onecoin.eu

Domain owner of oneacademy.eu:
Name: Tsvetelina Lekova
Company: One Network Services Ltd
Address: 12 Tsar Osvoboditel Blvd, 0001000 Sofia, Sofia, BG
Phone: +359.885660254
E-Mail: tsvetelina@onecoin.eu

Update Jan. 19, 2017: Links to richcoin.eu removed as the service of the site got discontinued.

A Facebook advertisement of the scammer Jason White brought the app WHAFF into my focus. Everything what seems to good to be true is not true. The promotion for WHAFF is free invented: 

Jason White
August 15 at 8:50pm

Instant $10 in your paypal account
No investment just follow below details
Download WHAFF Rewards.
Earn Real Money by Android mobile
You can spend 1 hour daily.Daily Earn $20 - $40
Download Whaff Reward App from Play store
Click Here https://play.google.com/store/apps/details

Instructions:
1. After install, log in with facebook
Wait for few second automatically open a dialog box and Enter the code.
2. Enter Code AY19070 ( We both earn $10 )
3. Download and get the all reward $
4. Exchange $ to PayPal, Google Gift card or any other

Don't worry friends see the payment proof also

Guys Try it and see within one months you will be able to earn $500-$1000

Instead of earning $10 for signing up, you get $0.30. Instead of earning $20 - $40 per day, you need to be happy if you are earning $0.20 per day. You need only take a look at the offers in WHAFF and you'll get it that even $0.20 will be a high earning. An earning from your referrals is not foreseen like we can see on the following screen-shot:

Even the attached payment proof is a fake. At the payment proof we can see a payment of $10, but WHAFF does not pay $10 - the minimum payment is in every case higher:

While others are paying within a few minutes WHAFF hopes that they are able to find during three days a reason to decline the payment. That does not make them to a trustful company. Additional are they hiding their domain registration behind a privacy protection service:

Domain Name: WHAFF.COM
Registry Domain ID: 1634189136_DOMAIN_COM-VRSN
Registrar WHOIS Server: whois.godaddy.com
Registrar URL: http://www.godaddy.com
Update Date: 2015-01-10T11:43:47Z
Creation Date: 2011-01-09T19:05:37Z
Registrar Registration Expiration Date: 2016-01-09T19:05:37Z
Registrar: GoDaddy.com, LLC
Registrar IANA ID: 146
Registrar Abuse Contact Email: abuse@godaddy.com
Registrar Abuse Contact Phone: +1.4806242505
Domain Status: clientTransferProhibited http://www.icann.org/epp#clientTransferProhibited
Domain Status: clientUpdateProhibited http://www.icann.org/epp#clientUpdateProhibited
Domain Status: clientRenewProhibited http://www.icann.org/epp#clientRenewProhibited
Domain Status: clientDeleteProhibited http://www.icann.org/epp#clientDeleteProhibited
Registry Registrant ID:
Registrant Name: Registration Private
Registrant Organization: Domains By Proxy, LLC
Registrant Street: DomainsByProxy.com
Registrant Street: 14747 N Northsight Blvd Suite 111, PMB 309
Registrant City: Scottsdale
Registrant State/Province: Arizona
Registrant Postal Code: 85260
Registrant Country: United States
Registrant Phone: +1.4806242599
Registrant Phone Ext:
Registrant Fax: +1.4806242598
Registrant Fax Ext:
Registrant Email: WHAFF.COM@domainsbyproxy.com
Registry Admin ID:
Admin Name: Registration Private
Admin Organization: Domains By Proxy, LLC
Admin Street: DomainsByProxy.com
Admin Street: 14747 N Northsight Blvd Suite 111, PMB 309
Admin City: Scottsdale
Admin State/Province: Arizona
Admin Postal Code: 85260
Admin Country: United States
Admin Phone: +1.4806242599
Admin Phone Ext:
Admin Fax: +1.4806242598
Admin Fax Ext:
Admin Email: WHAFF.COM@domainsbyproxy.com
Registry Tech ID:
Tech Name: Registration Private
Tech Organization: Domains By Proxy, LLC
Tech Street: DomainsByProxy.com
Tech Street: 14747 N Northsight Blvd Suite 111, PMB 309
Tech City: Scottsdale
Tech State/Province: Arizona
Tech Postal Code: 85260
Tech Country: United States
Tech Phone: +1.4806242599
Tech Phone Ext:
Tech Fax: +1.4806242598
Tech Fax Ext:
Tech Email: WHAFF.COM@domainsbyproxy.com
Name Server: PDNS05.DOMAINCONTROL.COM
Name Server: PDNS06.DOMAINCONTROL.COM
DNSSEC: unsigned
URL of the ICANN WHOIS Data Problem Reporting System: http://wdprs.internic.net/
>>> Last update of WHOIS database: 2015-08-17T1:00:00Z <<<

If you visit their website and click at "SignIn" or "SignUp" then you get the message "The page whaff.com says: Comming Soon". It looks for me as the domain got registered January 2011 that this menu entry is comming soon since more than 4.5 years and did not arrive until now.

All the above facts are making the promotion (app description) of WHAFF in the Google Playstore to a bad joke:

More Cash, More Offers, the Best Rewards from WHAFF

Move aside! The best rewards app ever is here!
Do you need to buy Gems and Coins for your favorite games right now? Are you running out of pocket money for online shopping? More beermoney? We are here to help!
Check out the coolest and latest apps available on Android. Choose the ones you like and try them out! We’ll actually give you real cash, real money, real rewards for your actions!

Enjoy the highest payout and the biggest rewards now.
It’s easy as 1! 2! 3!

★WHAFF Rewards

1. Simply Download an app to get Installation Bonus!
2. Keep the apps on your device for extra Rewards!
3. Run and Play the apps for more Points!
4. Get Extra Bonus for completing your tasks (for some)!

★How to Start

1. Login to WHAFF Rewards with your Facebook account.
2. Check out cool apps and download your choices
3. Download, Keep, Play, and Run them to build up extra rewards and request payout when you have minimum amount built up! You can redeem your rewards with real cash or cool gift cards online!

For any questions or comments, feel free to contact us at: SUPPORT@WHAFF.COM
We ‘reward’ you big for your ‘actions’!

★WARNING
The following actions are strictly prohibited:

1. Using VPN or any other ways to gain fraudulent access to WHAFF.
   
   
2. Putting your Invite Code on online reviews. Please don’t exploit invitations feature.
   
   
3. Using multiple IDs with one device and/or using multiple devices with one ID. IMEI Changers and other ID emulators will get you banned permanently.
   
   
4. Spamming invitations. Don’t exploit! Invite active users who will actually use our app.
   Leave a clear trail of your fair promotions.

Those who engage in the prohibited actions above will get banned and credits will be forfeited.

Your Number 1 choice for Best Rewards!
WHAFF

 The actual app offers from WHAFF:

If you are able to install all the above apps than you are easily able to calculate your daily earnings.

Instead of the app Anne Galing the app Clash of Kings get selected from the Playstore without any rewards for installing it.

You should have at least a virus/spyware scanner like 360 Security running on your phone, which warns you from malware in realtime.

You'll find the same apps with the same installation recognition problems at WHAFF Picks, which are already at Cash Pirate listed at Sponsor Pay.

If you are using Cash Pirate you are getting paid for installing apps at your phone. Cash Pirate is a similar application like uento. The difference to uento is only that 2500 points have a value of US$2.50 and the offers are divided into a few groups which are normally empty all the time. At uento 250 ponts have a value of US$2.50.

The problem of Cash Pirate is that the program does not recognize all installations. Especially at the menu Sponsorpay nearly all installations are not getting recognized. The offers of apps are very poor and new apps very seldom available.

During the same time I got paid from uento two times (in sum US$5) I have even reached a little bit more than the half of the necessary points for the first payment of US$2.50.

Screenshots:

Domain registration data of ayetstudios.com:

Domain Name: ayetstudios.com
Registry Domain ID:
Registrar WHOIS Server: whois.cps-datensysteme.de
Registrar URL: http://www.cps-datensysteme.de
Updated Date: 2014-11-18T19:30:56Z
Creation Date: 2013-12-03T19:00:08Z
Registrar Registration Expiration Date: 2015-12-03T19:00:12Z
Registrar: CPS-Datensysteme GmbH
Registrar IANA ID: 1239
Registrar Abuse Contact Email: en.complaint@cps-datensysteme.de
Registrar Abuse Contact Phone: +49.26150081081
Reseller: smartTERRA GmbH (fb@smartterra.de)
Domain Status: ok
Domain Status: clientTransferLock
Registry Registrant ID:
Registrant Name: Florian Brede
Registrant Organization: ayeT Studios
Registrant Street: Rodenstrasse 2
Registrant City: Hannover
Registrant State/Province: Deutschland
Registrant Postal Code: 30451
Registrant Country: DE
Registrant Phone: +49.15141435200
Registrant Phone Ext:
Registrant Fax: +49.15141435200
Registrant Fax Ext:
Registrant Email: ayetstudios@gmail.com
Registry Admin ID:
Admin Name: Florian Brede
Admin Organization: ayeT Studios
Admin Street: Rodenstrasse 2
Admin City: Hannover
Admin State/Province: Deutschland
Admin Postal Code: 30451
Admin Country: DE
Admin Phone: +49.15141435200
Admin Phone Ext:
Admin Fax: +49.15141435200
Admin Fax Ext:
Admin Email: ayetstudios@gmail.com
Registry Tech ID:
Tech Name: Florian Brede
Tech Organization: ayeT Studios
Tech Street: Rodenstrasse 2
Tech City: Hannover
Tech State/Province: Deutschland
Tech Postal Code: 30451
Tech Country: DE
Tech Phone: +49.15141435200
Tech Phone Ext:
Tech Fax: +49.15141435200
Tech Fax Ext:
Tech Email: ayetstudios@gmail.com
Name Server: ns1.smartterra.eu
Name Server: ns2.smartterra.eu
Name Server: ns3.smartterra.eu
DNSSEC: unsigned
URL of the ICANN WHOIS Data Problem Reporting System: http://wdprs.internic.net/
>>> Last update of WHOIS database: 2015-07-15T08:03:45Z <<<

Some domains related to Florian Brede - ayetstudios@gmail.com:

• ayetstudios.com
• dryscalpremedy.net
• mobaddict.com
• mobadict.com
• popcorncalories.net

The promotion from Uento is very misleading. You can earn money and you get paid, but you need a lot of patience. Their description in the Google Playstore:

Uento is the best way to get rewarded by collecting android apps and it also helps to keep them organized. It's simple and easy to find new exiting apps and the best thing: UNLIMITED FREE POINTS EVERY DAY!

Very misleading is the sentence: "UNLIMITED FREE POINTS EVERY DAY!". I have not seen in the last 2 months that you can get there unlimited free points. The possibilities have been very limited.

The idea behind Uento is not so bad. App developers can bring up their installation count by paying small fees and get on this way a better ranking in the Google playstore. Depending on the wishes of the app developer the users are getting 3 points just for installing the app, 5 points for installing and run the app one time or 8 points for installing the app, run it one time and keep it on the device for 3 days.

Update January 29, 2016: I have now uninstalled Uento as the app told me that I'm locked for two days because I have changed my country. Sorry, but I think that is only an excuse for them for not having some apps to install. I have even not left my house and I did not restart my phone. This bug happened already a few times to me, but now the idiotic programmer from Uento can tease himself in future. He is even too stupid to show you the apps which are in your area available and running on your device. With other words is the the programmer from Uento nothing else than a script kiddie without any global knowledge. A technical knowledge about Android is completely missing and he tries to limit down the users until his scripts are crashing and resulting in reboots of the phone. It seems that he is even not able to secure his collected data because otherwise how it would come that the message "You have changed your country" can appear?

The idiot does even not know that the world has airplanes which are going from country to country and you can carry a mobile phone with you.

End of the update.

If you like to try the app by yourself then you need a Paypal account. Payment is only done to a Paypal account. In such a case follow the steps:

1. Download and install the Uento App from the Google playstore (https://play.google.com/store/apps/details?id=com.app.uento&hl=en) FREE OF CHARGE
2. Sign-up with your name, email and password
3. You get an email from waypedia with a validation code
   Copy the validation copy code into uento -> menu -> myprofile and press verify email with code 
4. Start installing apps from the Uento program

Each time you reach 250 points you transfer $2.50 to your Paypal account. A payment proof gets found at the end of this article. The payment gets done within seconds.

If you reach level 20 you'll get your own referral code. You'll get 2 points for each installation from referral level 1 and 1 point for each installation from referral level 2.

The problem is only that not all apps are with all versions of Android compatible. Uento likes to force the installation of all the apps. You are as user not able to mark an app as not compatible with your device. You see in the following screenshot that the app Buzzapp is not compatible with my Samsung Note II (GT-7100N). The same is valid for the apps Global Classifieds and Global Business Directory! You can see it at the following screenshots:

I signed up at Uento on June 22, 2015. It needed until July 19, 2015 until I collected enough points (250 points) for a $2.50 payment and I got my referral code as soon as I reached the level 20 - that has been on August 8, 2015.

The problems I have described in my article from July 15 "Time-Waster: uento.com - Nicholas Thompson - Apogaeis Technologies - apogaeis.com" are mostly gone. The last weeks a few updates of the Uento software happened. It seems that the installation recognition got improved because the last "FAILED" has happened to me on July 4, 2015.

Here you'll find my full installation history:

Here is the payment proof of the first payment of US$2.50:

Two days ago I got an email with an offer for optimzing my websites. The problem is only that this one, which likes to optimze it, does even not know that his own website is a big secret in the World Wide Web. This example shows the difference between promotion and reality. If someone cannot bring his own website up, how he will be able to bring up a customer website?

Even the statement that he has been looking at my website is nothing than a big lie because uf he has been really looking at my website then he would have seen that I'm selling nothing and he would not promise a "better sales of my services"!

Some people only think that they need to make a simle website, say that the website is good and they can start earning money without doing something. In such a case they are wrong and with such a behavior they are only destroying their own reputation.

The email from xalient.in - "Digital Marketing Manager" Javis Murya: 

From: Gyanendra <gyan@xalient.in>
Date: 2015-07-28 15:20 GMT+02:00
Subject: We are offering special services Some time
To: rudolffaix@gmail.com

Hello,

 

Hope you are doing well.

 

My name is Jaivis Murya, and I work as a Digital Marketing Manager, I would like to discuss a business opportunity with you.

 

I gone through your website and found its design is not eye-catching. However, your website needs re-designing or needful

modification to look fascinating and business oriented. So, would you be interested in a possible re-designing service of

your site or additional features that might benefit the overall usability and user experience which usually leads to better

sales of your services?

 

We have a three tier quality check system so No compromise on quality!

 

We are offering special services as given below:-

 

Software Development

 

      Offshore Software Development

        VB .NET Development

        DOT NET Application Development

        Sharepoint Migration Development

        Salesforce Development

        Microsoft Azure Development

        Mac Application Development

        Microsoft Small Business Solution

        SQL Programming Development

        C# Development

 

    Website Development

 

        PHP Website Development

        Wordpress Development

        ASP.NET Website Development

        CakePHP Development

        Laravel Development Service

        Drupal Development

        ASP.NET MVC Development

        Joomla Development Service

        Sharepoint Development

        

    Mobile Application Development

 

        ibeacon Implementation

        iPhone Application Development

        Android Application Development

        Swift Development

        iPad Application Development

        Android Wear Development

        Blackberry Application Development

        Window 8 Mobile App Development

 

    Ecommerce Solutions

 

        Magento Development

        Prestashop Development

        ECommerce Cart Development

        Ecommerce Website Design

        Rainworx Customization

        Magento Enterprise

        Open Cart Development

        Shopify Development

 

This calls for an Action!

 

Our Search Engine Optimization (SEO) service provides you with up-to-date and ethical techniques based on recent algorithm

changes done by Google.

 

You need OUR high-standard SEO for your business because:

. Our approach to content syndication as per Google websites

. Websites are audited and filtered for duplicate contents

. One way link for client through quality websites

. Serviced 6000+ client across various domains through a team of qualified and dedicated professionals

. All SEO professionals are Google Ad words certified.

 Kindly revert back if you are interested. I would be happy to share our Work Portfolio, Client testimonials and Service Packages.

 

I look forward to hearing from you!

 

Warm Regards,

Jaivis Murya

Digital Marketing Manager

The short facts from the Alexa browser plug-in about the global ranking from xalient.in: 

The detailed ranking gets found at the Alexa website:

If you scroll at the Alexa site a little bit down then you'll see that even no visitor is coming from Google or another search engine to the xalient site: