OneCoin

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Definition of 'OneCoin'

OneCoin is a cryptocurrency that was launched in 2014. It is a Ponzi scheme that has been accused of being a scam. The company behind OneCoin claims that it is the first cryptocurrency that is backed by gold. However, there is no evidence to support this claim. OneCoin has been banned in several countries, including China, Russia, and the United States.

OneCoin is a pyramid scheme that recruits new members by promising them high returns on their investment. The company claims that new members can earn money by selling OneCoin to other people. However, the vast majority of people who invest in OneCoin lose money.

OneCoin is a very risky investment. There is no guarantee that you will make any money, and you could lose all of your investment. If you are thinking about investing in OneCoin, you should be aware of the risks involved.

OneCoin is a scam. The company behind OneCoin has been accused of fraud, and there is no evidence to support its claims. If you are thinking about investing in OneCoin, you should be aware that you are likely to lose money.

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