GGI Coin Offering Misconception

Here we will post all original accusations and arguments people who hate onecoin wrote all over blogs and comments. We will deeply analyze, dissect and answer everything with objective arguments. People will be left to decide which arguments are more logical and true to them
Igorkrnic
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GGI Coin Offering Misconception

Post by Igorkrnic » Tue Oct 31, 2017 2:41 pm

Ok in this topic I need to address something that I believe will be a new slander wave to follow Onecoin.
This time it is their Coin Offering conducted by the third party company, a licensed investment company.

I will quote and analyze an article from one of many Bitcoin enthusiast blogs bitcoinexchangeguide.com and here is the ling for the original article:
bitcoinexchangeguide.com/golden-gate-investments-one-coin-ico

Seems like in Bitcoin circles, anything involved with Onecoin is being drag to the mud they live in so the company involved with Onecoin Coin Offering (further Onecoin ICO) Golden Gate Investments is not an exception.

Dubai-based shell corporation called “Golden Gate Investments” is also linked to the project (both are mentioned on the official website, but it’s not totally clear how either company is involved).
We can check investment companies on the public website dubaided.ae and we can see that GGI has yearly renewal license that expires in August 2018
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Here is the payment for GGI license renewal. Those are renewed yearly:
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As usual, Bitcoiners will always assume something without actuall proof that GGI is just a shell company of Onecoin.

Reading this article it is clear that author is not familiar with Onecoin 3 year evolution. This sentence collapses his whole article:
"One Coin is being developed by OneLife, a Europe-based multilevel marketing company. "

Onecoin indeed started as one company, its vision and concept are lead by dr Ruja Ignatova and they started as free offer for education packs sold by MLM network so Onecoin is a separate company and they were distributed via One tokens with the education sold by MLM network. So Onelife is completely separate company and they are no more lead by dr Ruja, instead, it is lead mainly by top leaders and it is not Europian MLM company, it is global mlm company with largest markets in Asia and South America.

Just now, Onecoin will begin coin offering via future tokens that will be able to exchange to ONE after October 08. 2018, so now investors can also buy Onecoin futures (tokens called OFC - Offer Future Certicifate). ONE will not trade on circus bitcoin small exchanges, they will start with their own central exchange and 100 smaller local licensed exchanges. Keep in mind that Cambridge recently published a study that around 3 million people use cryptocurrencies today, yet almost 3.3 Million people own Onecoins.

The main difference between Onecoin coin offering and other ICOs is that Onecoin made it regulated and done by a licensed investment company.
The original plan of Onecoin since Jan 2017 was for the company to go public on IPO and offer stocks, that is why new CEO Pierre came but in the end, they mutually agreed that he resigns since IPO is cancelled to be replaced with ICO.

Since we realized by now ICO is bigger than IPO and it is more easy to conduct, they halted IPO plan and planned ICO.

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But since China banned ICOs cause they are unregulated, anyone can start their website, make fancy whitepaper, promise some project and attract millions from believers we can understand why this GGI is a smart move.
We will soon realize that China will release ICOs but every ICO will need to be conducted by the licensed entity, just like IPO must be only conducted by the licensed company or bank.
Knowing this, Onecoin is actually the first to do it properly, although we have a bunch of totally ignorant people that are in love with this game of anarchy that bankers gave you to play - called Bitcoin - that go around and make fun of themselves without even realizing it by assuming such things about Onecoin.

One Coin, found online at OneCoinICO.io, describes itself as a “cryptographically secure, peer-to-peer cryptocurrency that allows for instant and cost saving payments.” The token also promises to offer global accessibility.

Obviously, most cryptocurrencies offer cheap payments and international transfers. So what makes One Coin different? The developers never really explain. The website has no listed products or services. The developers don’t claim to be solving any real world problems, nor do they target any specific industry or group
The key difference with Onecoin and any other crypto is that it is centrally regulated so they will not have performance issues choked by decentralized tech and lack of decentralized developer consensus.

They operate their own custom blockchain and thus it is not an Altcoin where this tuthor you put this article. Their blockchain currently is closed source for reasons known to them and you have many open source enthusiasts that say it is a scam cause there is no blockchain. The same was done by Linux open source community to Apple when they used Unix to make closed source MacOSx and today it is most efficient and safe globally used OS.

This is what Onecoin wants to do, to make simple cryptocurrency that any person can use without the need to worry about private keys, to cold storage their coins or to worry if the exchange will flee.
At Onecoin if you are hacked, the company will return coins to you.

But the main difference is transparency, when they go public, no coins will be sent without filling KYC and being approved, similar to bitcoin exchanges, if you want to buy bitcoin for cash, you need to be KYC verified, but once you do, bitcoins cannot be tracked, so governments will never regulate cryptos as money thus it will be illegal for merchants to accept them.

Onecoin has KYC inside the blockchain so no coin can be sent anonymously thus preventing frauds, black market, money laundering, drug trafficking etc. This is why it stands a great chance of being regulated as money and being legally accepted by merchants worldwide. And this is the key difference. Of course, it is still in initial phase so no one can say for sure whether it will fail or succeed.

This is all of course a vision, not all of it is finished and operational since it is initial stage for the last 3 years, making the community first (Bitcoin was properly ready for public trading after 4 years) and it is sad that they have so many no-lifers they dedicated 3 years of their life barking around this saying it is a scam and how this does not work and how that does not work yet they fail to realize this has not even begun yet.

Of course, MLM hype and fake info that tends to come from many Onelife leaders actually is what gives critiques energy to follow them but the real cards will be revealed on October 08th 2018.


CONCLUSION: One more anonymous Bitcoin loving blogger that writes many articles, uses couple minuts or hours researching ICOs or coins he reviews and writes his opinion.

CryptoXpose
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Re: GGI Coin Offering Misconception

Post by CryptoXpose » Wed Nov 01, 2017 1:43 am

The main difference between Onecoin coin offering and other ICOs is that Onecoin made it regulated and done by a licensed investment company.
Who are the people behind Golden Gate Investments LLC? Why there's no names?

GGI was registered on August 30th 2017. Just a week after this Zafar announced after meeting with Pierre Arens, that IPO has been changed to ICO. To me it seems quite clear that the GGI was created for this one purpose only, and it's not in reality any "completely 3rd party company nothing to do with OneCoin/OneLife" like OneCoiners claim.

Most likely people behind GGI could be connected to OneCoin/OneLife if that information was public, but OF COURSE it's not public information. What a fricking surprise once again. :lol:

Igorkrnic
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Re: GGI Coin Offering Misconception

Post by Igorkrnic » Wed Nov 01, 2017 2:18 am

CryptoXpose wrote:
Wed Nov 01, 2017 1:43 am
Who are the people behind Golden Gate Investments LLC? Why there's no names?
I do not have any proofs for what I know so I will not speak about that.
CryptoXpose wrote:
Wed Nov 01, 2017 1:43 am
GGI was registered on August 30th 2017.
Yes, it is possible that it was established only to deal this coin offering. But why Golden Gate. Some people know who is behind this brand.
For example, they bought Herbalife in 2000 for $300 Million but you will not find it on Google. Since I have no proof that they are linked, you are free to discard this as BS

CryptoXpose wrote:
Wed Nov 01, 2017 1:43 am
To me it seems quite clear...

Most likely people behind GGI could be
Yeah, typical and I agree, your opinion and most likely.

John Reiner
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Re: GGI Coin Offering Misconception

Post by John Reiner » Sun Nov 12, 2017 3:08 pm

Igor , I would love to keep on persuing this possible connection! Thanks for your insight on this. Where was the Golden Gate that purchased Herbalife out of ?

Igorkrnic
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Re: GGI Coin Offering Misconception

Post by Igorkrnic » Sun Nov 12, 2017 6:38 pm

There is some inside info from herbalife top that golden gate-“something” brand purchased them for 300 million in a year 2002.
It is known in those circles who is behind golden gate brand and they have companies registered worldwide but that is not for public talk cause it is not by accident that we can not find that on google

MBan
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Re: GGI Coin Offering Misconception

Post by MBan » Sun Nov 12, 2017 9:41 pm

Herbalife was purchased in 2002 by San Francisco based Golden Gate Capital Inc. (http://www.goldengatecap.com/) after Mark Hughes coked himself out to death. It's not our Dubai-based shell company Golden Gate Investments LLC.

Igorkrnic
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Re: GGI Coin Offering Misconception

Post by Igorkrnic » Mon Nov 13, 2017 1:02 am

Yes that is what I said, Golden Gate "something" I did not say it was this Dubai subsidiary GGI that bought Herbalife
The same people control the whole brant though. But this is not the public topic. No proofs of that.

CryptoXpose
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Re: GGI Coin Offering Misconception

Post by CryptoXpose » Tue Nov 14, 2017 1:18 pm

"Surprisingly" there are delays again. Turns out this was only an "informational phase".
And now some new company SILO Capital Group, which has zero hits in Google will take over. :lol:

Image

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Igorkrnic
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Re: GGI Coin Offering Misconception

Post by Igorkrnic » Tue Nov 14, 2017 1:41 pm

Investment and Capital companies are not for small people to use. Small people work 9-5 and they rely on Google to learn what they were supposed to learn and those workers do not have to search this kind of companies cause they can not afford to make investments. They search crap and poison their already small minds with crap that system serves.
Serious business people will for sure not use google to learn anything. They are the aim here. When the time comes for small people to use Onecoin, I am sure it will start popping up on google. Pease

openmind
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Re: GGI Coin Offering Misconception

Post by openmind » Tue Nov 14, 2017 2:02 pm

CryptoXpose wrote:
Tue Nov 14, 2017 1:18 pm
"Surprisingly" there are delays again. Turns out this was only an "informational phase".
And now some new company SILO Capital Group, which has zero hits in Google will take over. :lol:
It is a correct information and good food for your mind game to create another BS:)

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