As the end of the year draws closer it is time to look back at the challenges OneCoin met and the achievements we accomplished this year. 2016 was a true game changer for OneCoin cryptocurrency and by far the most eventful one since the establishment of the company in 2014.
The price of the coin has almost doubled in price over the last 12 months. From 3,35 EUR in December 2015 to 7,84 EUR in December 2016. As the OneCoin price is defined by its usability, supply and demand, this shows that more and more people are turning to the currency as a means of conducting their financial operations. The total number of users registered in the OneLife Network also increased from 730 000 in December 2015 to over 2,8 million in December 2016.
2016 also marked two major changes for the company – the official separation of the OneLife Network and the OneCoin cryptocurrency brand in June and the launch of the new and enhanced OneCoin blockchain in October.
The founder and Visionary of OneCoin Dr. Ruja Ignatova announced that a steep price movement after the launch of the new blockchain is not expected, and in the following months the OneCoin value did remain stable. “Cryptocurrency value is driven by supply and demand, and demand is driven by brand and usability. By creating more coins, we will be able to bring the coin to more people and places and strengthen the brand”, she added in June at the SSE Arena, Wembley.
The launch of the new blockchain also marked an increase in the amount of coins available to ensure improved usability and market capitalization. The total amount of mineable OneCoins increased from 10 000 coins per block in the old blockchain to 50 000 coins per block in the new blockchain, adding up to a total of 120 billion coins. This not only allows OneCoin to expand its user base, but also helps make the company’s strategic plans for creating a strong global merchant network a reality. “Our goal has always been to make cryptocurrency a real, borderless method for transactions and these changes will bring us much closer to that goal”, said Dr. Ignatova.
“We don’t want to be in the Top 3 anymore. We are now aiming for Number 1. That means we need the biggest market capitalization, usability and highest number of users, and I believe we are already at the top when it comes to users”, stated Dr. Ignatova.
All these developments show that OneCoin is here to stay for the long term and look toward 2017 confident in its success.