OneCoin Ponzi Point Test 4 – Dealshaker purchase

A. Summary of Conclusions

  1. It is possible to buy Deal Coupons on Dealshaker.com with OneCoin Ponzi Points.
  2. The OneCoin Transactions in the CoinSafe Account and OneCoin Account are executed without any waiting time. In other words: there is no waiting at all for the next “Block” to be created.
  3. None of the four purchase Transactions we executed is visible on the BLOCKCHAIN screens, while the onelife.eu website states that detailed information on each mined block and performed transactions is visible.
  4. This is new conclusive proof that OneCoin transactions are not recorded in the “Blockchain” and hence that the Blockchain is simulation software connected to separate database tables with fake OneCoin Block and Transaction data.
  5. This is new conclusive proof that OneCoin Founder Dr. Ruja Ignatova lied when she said that all transactions that are done by OneCoin members are visible in the Blockchain.
  6. We were able to purchase articles with an account which has not passed the KYC / Know Your Customer procedures. This is proof that this statement on the https://www.onecoin.eu/en/ website is nonsense:

    “We are open and honest in our dealings. By being the first cryptocurrency storing KYC documents in its new blockchain, we set a new industry standard.”

B. Objective of this investigation
DISCLAIMER:

  • The author of this article has tried to execute an objective investigation.
  • None of the data on the screenshots have been manipulated. Only personal data on screenshots are hidden. Some comments and rectangular boxes have been added to highlight specific elements.

The complete procedure is step by step reproducible by anybody with a OneLife account with OneCoins in the OneCoin Account and/or CoinSafe Account.

The aim of this analysis is to buy articles on the dealshaker.com platform with OneCoins, to check the consistency and completeness of OneCoin Transactions which are visible in the Blockchain explorer on the OneLife backoffice website.

Information supplied by the OneCoin company on the Blockchain
As stated on the https://www.onecoin.eu/en/blockchain page “The OneCoin Blockchain Consists of Every Transaction Ever Performed in OneCoin”.

For more info and screenshots, see other articles in the “OneCoin Blockchain test” series.

Information supplied by the OneCoin company on the Dealshaker platform
The ABOUT section on the Dealshaker website contains the following information:

  • Dealshaker is an online deals marketplace and advertising service provider with a membership-based customer base. The platform enables business-to-customer and customer-to-customer deal promotions in combination of cash (EUR) and the new-age, mass cryptocurrency-OneCoin. Ads are grouped based on geographic area, business category and type.

C. Procedure
We used the following procedure during this analysis:

  1. Log in on an existing OneLife account which has a number of OneCoins in the CoinSafe Account.
  2. Log in on the Dealshaker.com platform with the same account.
  3. On the Dealshaker website, purchase Deal Coupons for the same article with a Deal Price of 0.79 ONE four times in a row, with Quantity 1, 2, 3 and 4 respectively.
  4. Check in the CoinSafe Account (login required) if the Transactions are executed and at which timestamps.
  5. Check in the OneCoin Account (login required) if the Transactions are executed and at which timestamps.
  6. Check on the Dealshaker website if the purchases are successful.
  7. Check on the Cryptocurrency Blockchain pages which Transactions are visible. If the Blockchain is complete four Transactions must be visible with amounts of 0.79, 1.58, 2.37 and 3.16 OneCoins respectively.

D. Fact Finding and Analysis
Looking for low priced deals which can be fully paid in OneCoin (i.e. without euros), we found this bargain for only 0.79 ONE: E-book about crypto-currency in English by Udo C Deppisch.

The process of purchasing articles started on Saturday 18 March 2017 08:50 AM GMT/UTC. For the record we posted a Tweet with timestamp and Height of the latest Block immediately before we started.
Note: this Twitter account has been deleted.

The latest Block was #233257 at that moment:

Hyperlink to Block #233257 (login required)

The entire process took about 13 minutes. For the record we posted a Tweet with timestamp and Height of the latest Block after the fourth purchase was finished. The latest Block was #233270 at that moment.

During the purchase process the following Observations were made:

  1. Immediately after each purchase a transaction was visible in the Transaction History of the CoinSafe Account with the following description:
    “Request for conversion from Coinsafe to Onecoin; Dealshaker purchase order”.
  2. Immediately after each purchase two transactions were visible In the OneCoin Account with status “approved” and the following descriptions:
    – “Request for conversion from Coinsafe to Onecoin; Dealshaker purchase order”
    – “process purchase order for DealShaker to username: UCDStore”
  3. The Purchase price per coupon shown in the shop was 0.79 ONE. The real price proved to be 0.79487179 ONE, but this was not visible before the deal was executed.
    This is undoubtedly a consequence of the following:
    a. Originally, in the period when the OneCoin price was 7.75 EUR, the price per coupon was exactly 1 ONE. The deal price is registered in euros and the merchants decides which percentage of the total deal price he wants to receive in OneCoins (at least 50%), in this case 100%.
    b. After the increase of the Difficulty factor from 79 to 99 the OneCoin price in Dealshaker increased from 7.75 EUR to 9.75 EUR.
    c. The price of deal in OneCoin was adjusted to 7.75 / 9.75 * 1 = 0.79487179 ONE. Only the first two decimal positions (0.79) were visible in the shop, so the real price was higher (example of bad design).
  4. During the complete procedure none of the four OneCoin Transactions was visible on the LATEST TRANSACTION screen.
  5. Afterwards we checked all Transactions in Block #233257 up to and including Block #233272. In none of these Blocks any of the four Transactions is visible.

We illustrate the complete process by means of a number of screenshots.

“Your Purchase” screen with Quantity = 1 and Price = 0.79 ONE

PIC06

CONGRATULATIONS screen after successful purchase

Coinsafe Account immediately after Purchase #1

Screen with link to Coupon after Purchase #1

Purchase #4: Total PRICE = 3.16 ONE (4 x 0.79 ONE), Quantity = 4

Coinsafe Account after Purchase #4

Example of Deal Coupon with instructions on how to redeem the coupon

OneCoin Account with 8 transactions after 4 purchase orders

Table with Block and Transaction data:

Hash (including hyperlink to Block data, login required) Height Timestamp (GMT/UTC) Number of
Transactions
Transaction Amounts
f0d375873f870229b28b7bb0b0d73ece78b2359aa52a3993722c2c134f9168fe 233257 18/03/2017 08:49:46 3 50000.00000000 ONE (“mining”)

55.69620253 ONE

1 “KYC” transaction

8a32cf33c445e0b1893be3fc734ff1e194c21ebd58c4547404c3fa91fcdbb369 233258 18/03/2017 08:50:49 14 50000.00000000 ONE (“mining”)

1 589.44871795 ONE
1 589.44871795 ONE
1 327.21153846 ONE
1 330.41666667 ONE
3 557.69230769 ONE
3.18987342 ONE
612.65822785 ONE
50.63291139 ONE
50.63291139 ONE
506.32911392 ONE
1.73417722 ONE

2 “KYC” transactions

ac58f421324b3afba933862cbb827fd8c526c79719f8ad53ea5e6e3ad97f1a92 233259 18/03/2017 08:51:59 11 50000.00000000 ONE (“mining”)

5 769.23076923 ONE
524.47435897 ONE
96.58730769 ONE
530.88461538 ONE
265.44230769 ONE
15.82278481 ONE
55.69620253 ONE
1 592.65384615 ONE
50.63291139 ONE

1 “KYC” transaction

6f8d59c7d8931720f18f0aca2aea2d49751465c608e9c494699024871eead200 233260 18/03/2017 08:52:56 14 50000.00000000 ONE (“mining”)

2 692.30769231 ONE
5.39568333 ONE
2.50632911 ONE
23.65153974 ONE
89.51300385 ONE
1.00000000 ONE
1.00000000 ONE
50.63291139 ONE
2.01265823 ONE
6.41025641 ONE
12.65822785 ONE

2 “KYC” transactions

6f27114cf2d28a173ef34eedebfd66949813a1fd9e7d6dc9d0cdfe8933ccc3a3 233261 18/03/2017 08:54:00 13 50000.00000000 ONE (“mining”)

1 336.82692308 ONE
4.05063291 ONE
1 730.76923077 ONE
9.80815256 ONE
389.87341772 ONE
278.48101266 ONE
18.98734177 ONE
99.24368077 ONE
55.69620253 ONE
17.99483462 ONE
0.35443038 ONE

1 “KYC” transaction

d1b813029004c996f543e259636fe3533ffd57a968b2182d07d323dfbbdbcaa1 2332 62 18/03/2017 08:54:59 14 50000.00000000 ONE (“mining”)

1.46835443 ONE
3.59493671 ONE
32.24050633 ONE
4.75949367 ONE
50.63291139 ONE
55.69620253 ONE
1 589.44871795 ONE
2.20253165 ONE
303.79746835 ONE
556.96202532 ONE
12.65822785 ONE

2 “KYC” transactions

e443d3e4472369cf197b43b68b7f48f4254f93a517754d53d8ab89d7f7478d2a 233263 18/03/2017 08:56:00 14 50000.00000000 ONE (“mining”)

23.74683544 ONE
3.23076923 ONE
1 589.44871795 ONE
59.69747179 ONE
93.05063291 ONE
50.63291139 ONE
50.63291139 ONE
50.63291139 ONE
9.18987342 ONE
1.18987342 ONE
25.31645570 ONE
50.63291139 ONE

1 “KYC” transaction

4e4ef53bbd7eef30519fe4741d009fd218ed3c755a6f563cd828c71f2f7d103d 233264 18/03/2017 08:57:00 15 50000.00000000 ONE (“mining”)

303.79746835 ONE
1.01265823 ONE
3.55100897 ONE
15.43903333 ONE
50.63291139 ONE
2.45729487 ONE
6.95535769 ONE
1 336.82692308 ONE
50.63291139 ONE
1 330.41666667 ONE
2.20253165 ONE

3 “KYC” transactions

5207d76c0ec56d85344e4a7281baad9490fbd81e8cbf52ef36638e50f37ca756 233265 18/03/2017 08:58:04 12 50000.00000000 ONE (“mining”)

7.40506329 ONE
4.46412051 ONE
53.29113924 ONE
50.63291139 ONE
1.10126582 ONE
3.03797468 ONE
325.90850385 ONE
0.77107436 ONE
4.84810127 ONE
0.87341772 ONE
50.63291139 ONE
ce30eccd70ae39a1993a9d1b19b1ae84f164a8eb6d90e92489508b0ab527d89b 233266 18/03/2017 08:59:08 16 50000.00000000 ONE (“mining”)

3.85537692 ONE
27.84810127 ONE
303.79746835 ONE
37.41007179 ONE
1.31645570 ONE
253.16455696 ONE
253.16455696 ONE
8.34177215 ONE
2.39240506 ONE
2 903.84615385 ONE
2.20253165 ONE
13.35546923 ONE

3 “KYC” transactions

f7a4c9e786a976d796513796917ce963329d545d5bae9696a0433c525ac6eb2d 233267 18/03/2017 09:00:10 13 50000.00000000 ONE (“mining”)

6.41025641 ONE
6.89909487 ONE
1.21748718 ONE
55.69620253 ONE
783.51282051 ONE
7.58900513 ONE
77.79376410 ONE
10.93670886 ONE
5.06329114 ONE
50.63291139 ONE
50.63291139 ONE
50.63291139 ONE
9c94fab29dbad719d8c5636a3f5b105cde75e87a1403feb9ca97172343d1512f 233268 18/03/2017 09:01:15 15 50000.00000000 ONE (“mining”)

57.03797468 ONE
4 474.06410256 ONE
0.35443038 ONE
1 589.44871795 ONE
50.63291139 ONE
27.84810127 ONE
50.63291139 ONE
50.63291139 ONE
1.79746835 ONE
2 900.64102564 ONE
1.60759494 ONE

3 “KYC” transactions

eb23bfd439a8cf25743ab2e9413797f977e6dc841b04cbcd6f1747efec9972fc 233269 18/03/2017 09:02:16 9 50000.00000000 ONE (“mining”)

0.45569620 ONE
303.79746835 ONE
253.16455696 ONE
5.23519615 ONE
253.16455696 ONE
50.63291139 ONE
50.63291139 ONE
55.69620253 ONE
21271e909154fd4fbbf0cde5182d06fabf208b372d9f48c7d494ad04f822cb9a 233270 18/03/2017 09:03:16 6 50000.00000000 ONE (“mining”)

50.63291139 ONE
0.96202532 ONE
334.17721519 ONE
1.20253165 ONE

1 “KYC” transaction

9ffddf848630beba1a19060b4b2cea2163b9e19bff65fc8983ec47d176bdf533 233271 18/03/2017 09:04:16 6 50000.00000000 ONE (“mining”)

0.63291139 ONE
127.49123718 ONE
50.63291139 ONE
253.16455696 ONE

1 “KYC” transaction

b6069bdd66ad1462bee615cd0808bfb79d93d673338dc2ab81025ea8470fa04c 233272 18/03/2017 09:05:20 8 50000.00000000 ONE (“mining”)

2 113.92307692 ONE
891.13924051 ONE
1 592.65384615 ONE
2.40506329 ONE
1 330.41666667 ONE
50.63291139 ONE
303.79746835 ONE