ONECoin is a cryptocurrency which is based on the blockchain technology. The transaction of ONECoin cryptocurrency is very secure. This cryptocurrency was found in Bulgaria. ONECoin is based on the Ponzi Scheme.
There are many cryptocurrencies in the world to trade. Makers of Onecoin convinced people that ONECoin is one of those cryptocurrencies which have lots of potentials to perform well in the upcoming decade and it can perform like bitcoin. ONECoin acts as both a cryptocurrency and a payment method for digital transactions.
But Onecoin was the total fraud scheme to loot people around the globe. It is not an actual cryptocurrency, it was just a fake coin to loot people around the globe. Onecoin was the scam of around $5 billion.