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OneLife Network News

OneLife Network Newsletter Oct 28th, 2019

The latest corporate PROMOTIONS, NEWS AND MATERIALS are released every Monday at 18:00 EET (Sofia time)!

Let's catch up on this week's updates:

  • Turnover Fee updates - will be applied as of 1st November 2019!
  • Wonder Wheel is active until the end of October
  • Next DS Expo Destination - Vladivostok
  • Shout out - Malaysia and Singapore
  • Leadership rank extended until the 31st October
  • Compliance updates - Specific legislation
  • Useful Manuals - OneAcademy/OneForex, Legal Courses and CoinSafe - new manual

Find out all about the latest promos and expos and events in the last 7 days in the ONLY reliable, corporate source of information!


WHAT IS THE ONELIFE NETWORK?

The OneLife Network (OLN) is a growing global network that was born out of the OneCoin cryptocurrency brand. The Network has a digital platform with a unique portfolio of sophisticated products and social networking tools that help members achieve financial independence. Members enjoy access to an array of e-learning programs that help them apply financial theory to practice.

Want to find out more about the OneLife Network and the OneCoin cryptocurrency? Now you learn more IN 18 DIFFERENT LANGUAGES!

CHECK OUT THE LINKS BELOW TO WATCH THE VIDEO IN: 

• English • Chinese • Spanish • French • Portuguese • Italian • Turkish • Arabic • Romanian 
• Danish • Russian • German • Swedish • Hungarian • Polish • Norwegian • Japanese • Korean •

OneLife Video Presentation. The Future of Payments [ENG]


ANNOUNCEMENT 

Please be informed that for the time period 01.11-10.11.2019 all users who have an account in co-ownership (Power Pack) can disseminate the coins only within their network structure.

Please make sure that the person who will distribute the coins among the users will have a written contract which must be signed by all co-owners with the respective amounts that apply to each one of them.

If conflicts arise among users and/ or someone deposits a complaint the person to bear responsibility will be the one registered in the system as the account owner.

WONDER WHEEL UNTIL THE END OF OCTOBER

Wonder wheel is going to be active until the end of October! The promo is going to be on from 22nd til 31st October, 23:59 GMT.  

The Wonder wheel promo gives you the opportunity to receive extra promotional tokens with your packages – a 25%, 50% or 100%. The Tokens will be obtained with the activation of the packages you choose!

Take your chance until the end of the month and take your spin!


MERCHANT SHOUT OUT!

We are proud to share that the initiative Merchant Shout out has become extremely popular among DealShaker Merchants and Buyers.

We are happy to constantly receive positive feedback for the Merchant section and more and more merchant stories keep coming in our mailbox. Keep sending us your thoughts, stories and suggestions! We will continue to give tribune to the best merchant stories. This is our way of saying "Thank you!"

We have noticed a significant progress in the performance of three of the franchisees – team Algeria, team Malaysia and Singapore and team Italy.

A BIG BRAVO to you all!

In the upcoming two weeks we will be expecting shout out suggestions from ALL OF THE TEAMS listed above at support@dealshaker.com .

How can we motivate people to become even better than they think they can? 

As you know DealShaker is the project everybody is currently interested in. As an alternative for increasing the value of ONE, exercising its usability and encouraging others to join, the platform is a great commercial hub for merchants, users and crypto enthusiasts. Here comes our latest mission - to encourage the newest merchants that are highly motivated and eager to make an amazing performance and achieve more and also to help them become popular on the DealShaker platform.

How can you contribute to the New merchant Shout out?

We are going to expect suggestions for new merchants to be popularized or to be given a shout out in the upcoming newsletters or our Facebook page. The merchant can be associated with tourism, hospitality, food and drink, beauty, health or any area you think significant. The merchants have to be in a populous area or tourist destination all over the world. 

It is a pleasure for us to present the next two beautiful countries with tempting deals and hard-working merchants:

Singapore and Malaysia – combined together those two exotic places on Earth present a picture of something extraordinary. In terms of urban environment, architecture and nature which all coexist in harmony, both countries offer an unforgettable futuristic view and, surely, lots of places to serve as an amazing background for Instagram selfies.

Moreover, apart from the great city views and sightseeing spots, the DealShaker Team is proud to share that in Singapore and Malaysia we have some of the most hard-working merchants and franchisees. Check out the exciting web page, created for potential partners, buyers and sellers to browse through: https://dealshakersgmy.wixsite.com/dealshaker-my

Thе webpage is a consolidation of all Singapore and Malaysia merchants who are on the DealShaker platform. There you can find a variety of deals and merchants, divided into various categories - TravelBeautyFurnitureHealth and much more.

Let us give you some interesting examples of what you can find on the web page:

Here is a deal from the Singapore Merchant Section - something we have never seen before. 

The Elide Fire Ball by AMSServices is innovation put to practise - a fire extinguisher that can save your house and, who knows, maybe even your life!

This is something definitely worth having at home!

And, speaking of homes, who could refuse the comfort of a nice and cosy couch - right in your living room.

In the Malaysia Merchant Section we find another lovely offer by Teoh1970 - beautiful furniture at a lovely price!

And, that's not all, folks!

Check out all the great deals on the new Singapore/ Malaysia web page!

Happy shopping!


DEALSHAKER EXPO DESTINATIONS

Time for а change and exciting, new things are just around the corner!

OneLife begins a brand new initiative which aims to educate, entertain and inform both merchants and users of the DealShaker platform about big upcoming expos all over the world. 

We will need your assistance, of course!

If you would like to give your long-awaited event a shout out in the newsletter, please send us details about the event at franchise@dealshaker.com! Include interesting facts about:

  • The expo
  • Location
  • Number of merchants (should be above 100 merchants)
  • Everything you consider important to be mentioned

VLADIVOSTOK

Vladivostok….a distant town with long history and difficult name

Vladivostok is a port city on the Russian Pacific coast.  It is located on the shores of the Golden Horn Bay near the borders of China and North Korea. This is the terminal point of the Trans-Siberian Railway which takes seven days from Moscow.

The Pacific Ocean will be a fantastic sight for the nature and sea lovers. Vladivostok is surrounded by sea from three directions-south, east and west.
Vladivostok is magnificent city which is home to rare flora and fauna. More than 50 different species of birds nest their nests in the city. The marine reserve ‘Far Eastern’ is home to more than 1000 species of fish. The city accommodates extremely interesting botanical garden in which more than 1,500 species of various plants grow. 

Unique feature of the city of Vladivostok is that big part of the territory is located on nearby islands. Moreover, there you can witness unique architectural sights. The bridge connecting the city itself with Russky Island is the longest cable-stayed bridge in the world, with a length of over 1,100 meters.

The DealShaker expo in Vladivostok on the 2nd and 3rd November is situated close to the main tourist attractions of the city - the Voroshilov Battery, viewing platform, forts of the Vladivostok Fortress and many others which pictures part of the Russian history.  

According to the organisers, the ‘Dealshaker Expo’ is not just am event and EXPO exhibition of goods and services in exchange for ONE. It is an innovative and first of its kind exhibition for Vladivostok.

The event promises to deliver:

- Cognitive and training part from professionals in the digital economy of the region, the Country and foreign guests

- An unforgettable culture
- Cool gifts from merchants and surprises

EXPO DEALSHAKER will be held on November 2-3, 2019 in Vladivostok, Russky Island, FEFU campus, Building B, hotel ‘Ajax’.

Registration of participants and merchants is already open.


LEADERSHIP RANKING EXTENSION

Dear users,

We would like to let you know that the new leadership ranks' calculation period has been extended and it is going to be calculated for the period 01/08/2019 - 31/10/2019. 

To all the true leaders out there - thank you for being an inspiration to all of us!

'Leadership and learning are indispensable to each other.'
John F. Kennedy


***REMINDER***

A quick reminder to all the new merchants and their sponsors:

As a token of gratitude for the hard work and amazing effort, OneLife and DealShaker have some special surprises for all the new merchants, first deals and their sponsors:

• a new merchant will be granted 100 tokens -> this is valid for every FIRST merchant account approved (received ONCE)

• first deal approval will be granted 100 tokens to the merchant (received ONCE)

 


INCREASE IN TOKENS

The sponsor of the newly approved merchant on DealShaker will be granted 500 tokens instead of a 100 as it has been until now.

We are expecting the new season to bring the most exciting new deals in the most adventurous places!

Stay tuned!


NEW SECTION:  - DEALSHAKER FRANCHISE UPDATES

ADJUSTMENTS

In the period of 4 months, the Franchisees have not been working up to their optimal capacity in some business conflict-affected countries. Further steps are dividing the country franchise responsibilities amongst TWO people.

  1. Step ONE – Providing access to corporate email address created for the country franchise only to ONE Franchisee
  2. Step TWO – Providing access to the DealShaker platform to the SECOND franchisee

This will oblige both franchisees to work together in order to assist the merchants in their country of franchise. Such countries are Russia, Somalia, Romania.

Argentina, Serbia, Columbia, Chile, Malawi, Check Republic have elaborated on this solution and divided the franchise responsibilities between two people in each country. This enables them to lean on each other for help, knowledge and skills when needed.

We all have to follow their example!


FRANCHISEES WANTED!

Dear all,

According to recent updates about which territories the Exchange platform is going to operate on, DealShaker will be needing its new franchise representatives.

If you think you know the perfect candidate for the job – dedicated, hard-working and, of course, matching all of the franchise criteria, do not hesitate to let them know we are seeking new franchisees! All applications should be sent to franchise@dealshaker.com  


CRITERIA FOR NEW FRANCHISEES

Please get familiar with the general criteria for the approval of new franchise holders.

Exceptions shall apply if the company does not receive an application from a suitable candidate who is in full compliance with the requirements listed below:

  • franchise holder’s current whereabouts are in the area of the Franchisee’s business activity
  • proven business management background (clean business background - no bankrupt or insolvent/ in liquidation company/ies)
  • proven clean criminal record
  • proven OLN MLM background
  • no sanctions for violation of OLN T&C and all applicable policies and procedures
  • franchise holder is not under compliance monitoring
  • proven track record with a variety of activities for the popularization of the ONE Ecosystem
  • proven track record of popularizing OLN’s mission and values; training users of how to put them to good use in their team’s everyday work
  • conducting business activities and day-to-day operations which are compliant with local legislation
  • being familiar with specific DealShaker T&Cs, CDD and AML/CFT policies and procedures
  • be fully aware that signing the Franchise contract is a big responsibility and treat his/her new role seriously
  • have a clear concept of how to apply his/her sale strategy to the specific target market and its users

Other criteria related to logistics, technical background and similar experience will be taken under consideration when taking the decision for the next franchisees.

Make sure you send us the following – username, reason why you think you are a suitable candidate, CDD of the individual and the company, additional information if explicitly requested by corporate.

Selling Shares from DealShaker Franchisee’s companies
Please be informed that the DealShaker Franchisee model is Intuitu personae (Because of the person). This means that any sells of shares from the DealShaker Franchisee company by current franchisees are totally unacceptable and they are NOT approved by the parent company. 

Selling shares from the company that holds the DealShaker franchise, can lead to an immediate replacement of the person, chosen by the company as a franchisee. Such a sale is considered a fraud, especially when the seller misleads the buyers that shares from the company, holding the franchise, are equal to buying shares from the DealShaker company itself. 

Please be informed that the parent company grants specific rights to the franchise holder for the terms explicitly written in the contract, but those rights can be canceled if a serious violation is proven.

We will not get tired to repeat and remind: Everyone, please, think twice before accepting such “business proposals” because the companies that hold the franchise are separate legal entities that exist independently from the DealShaker platform. 

If you have any doubts or questions, please contact our teams and ask. Better safe than sorry!

Resource center - All New Franchise Training Presentations, Fees and Procedures

Approval procedure of merchants and Deals for DS Expos

DealShaker expo, by definition, is an event with more than 50 merchants. If an event has less than 50 merchants it is called ‘A local bazar’.

All DealShaker Expo proposals go to the Franchisee, first! Then the franchisee sends the proposal to franchise@dealshaker.com for approval.

If there is a merchant with merchant account from a different country that the country the expo is taking place, the Franchisee responsible for deals approval, contacts the franchisee the merchant is from via email for the merchant account and/or deals approval.

The franchisee in that country the merchant is from must collect the necessary fees and review the deals.

If there is no Franchisee in that county the merchant is from, all the deals must be approved by corporate and sent to the Dealshaker support for approval.


DealShaker marketing materials are available for the franchisees in the backoffice. 

TURNOVER FEE UPDATES

Please be informed that the implementation of a turnover fee has been postponed – from October 1st to November 1st.

Turnover fee will apply as of 1st November 2019 when the franchisee has explicitly decided so for his/her entrusted territory/s.

We strongly believe franchisees can use their experience and good judgment, based on their knowledge of local market peculiarities. In our opinion, this will make this common strategy a market success. 

In territories where there are more than one franchisee and they have different views on what the franchise strategy for the market in 

question should be – the decision will be taken from the company, based on the provided detailed report by the franchisees. 
 
Please be informed that all franchisees who start working from the beginning of next month are not allowed to introduce the turnover fee for at least 2 more consecutive months. Furthermore, please bear in mind that the company waves the franchise fees for the month of November in order to support and contribute to the development of the Franchise model.

INDIVIDUAL SELLERS vs. REGISTERED BUSINESSES

Dear all,

Recently, we have noticed that some of the franchise holders have been giving out to their teams definitions of what exactly registered businesses and individual sellers are. Their effort and team spirit is worthy of admiration but the issue here is that all definitions must be unified and approved by compliance prior to being disseminated among DealShaker users. Otherwise, explanations of those terms that vary could lead to a breach of the principle of equal treatment.

To help clear out the confusion, here are some basic examples which you can use in your everyday work and train your people:

- if you are selling off your old possessions which don’t want and need anymore - you are a private seller
- if you purchase products with the idea to resell them later - you are running a business and you must be registered as a business, as per Amazons’ T&Cs, for example

On the contrary – as per DealShakers’ T&Cs both those categories are defined as individual sellers.

If you are a business owner with a private company, the deals you upload are typical for your business activity and they are run as a regular occupation, then you need to establish a merchant account as a registered business. 


IMPORTANT DEALSHAKER UPDATES

Dear all,

It has come to our attention that recently merchants, working on other platforms have been claiming to work on behalf of DealShaker and the OneLife Network. Please be informed that no other platform, except for DealShaker and its franchisees, and no other company, except for OneLife (or OneCoin) has the right to operate with the DealShaker trademark and the services it provides. 

Be extremely cautious with any information you receive from other companies, individuals or communication channels which are different from the corporate approved ones. If you have any doubts or questions, you can always contact the OneLife teams to get the latest information, related to our projects.

Dear all,

Recently, it has come to our attention that several merchants have started to conduct fraudulent practices outside of the Dealshaker platform which constitutes a high risk of money loss to the people who participate. The deals in question are about sales of gold, real estate properties, motor vehicles and other products of high value. 

Many of the above mentioned  deals are accompanied by a tempting proposal by the merchant – the buyer should transfer his accounts to the merchant and pay part of the deal price outside of the platform in exchange of some expensive good or service. Bear in mind that this practice is strictly forbidden according to the applicable OneLife T&C 18(2). 

Please have in mind that none of those projects/deals are approved or supported by Corporate. If someone has any information about such projects/deals please do not hesitate to inform OneLife Compliance asap, so that we can take measures to stop those fraudulent practices and sanction the wrongdoer accordingly and with an immediate effect.


SPECIFIC LEGISLATION, DEFINING UNFAIR B2C COMMERCIAL PRACTICES

Point 14 of Annex I to Directive 2005/29 / EC of the European Parliament and of the Council of 11 May 2005 concerning unfair business-to-consumer commercial practices in the internal market and amending Council Directive 84/450 / EEC, Directives 97 / 7 / EC, 98/27 / EC and 2002/65 / EC of the European Parliament and of the Council and Regulation (EC) No 2006/2004 of the European Parliament and of the Council (the "Unfair Commercial Practices Directive") must be interpreted in the sense that a promotional pyramid scheme constitutes unfair commercial practice only in the following cases:

- when it requires the consumer to pay a certain amount, regardless how much, thus being granted the right to join the scheme, regardless of whether the consumer is selling/ using products or not.

There is an active bonus program for IMAs, called “Global compensation plan”, which is available on the website. Sales (not the sole fact that someone has joined) are rewarded regardless of whether they are made directly or further down the sales chain. Commission can also be earned by a free enrollee into the OLN system called Rookie. After the completion of each educational level the participants receive a certificate.

- when the participants in such a scheme need to contribute financially.

In the “Global compensation plan” it is stated that the free Rookie package allows members to generate promotional tokens and bonuses from the Network's rewards plan (also known as Fast Start retail commissions) It also provides them with information which is free of charge and helps them understand the project better.
- the last users to join are likely to receive less benefits for their participation that the ones who joined earlier in time.

IMAs who build teams of other IMAs who then make ALS (Advanced Learning Systems) sales earn bonuses. All IMAs are provided with an equal opportunity to earn if they make sales of ALS. The ALS teach about financial markets, global trading and the emerging world of cryptocurrency. 

- when the recruitment is based on the promise that the consumer will be able to benefit economically.

The activity of the IMAs in the Network is supervised by an experienced compliance team. As per corporate policies compliance will sanction IMAs who breach IMA T&C; OLN T&C; and all applicable policies and procedures according to the internal sanction policy. The rules are for everyone – no exceptions. In order to become an IMA, a new applicant is required to read and agree to the terms of the Agreement and the relevant General Terms and Conditions of the Company. Upon notification of his/her acceptance by the Company, the new IMA will be entered into the Company database. As it is written in OLN T&Cs: “The client should neither be convinced to purchase the products through dubious and/or misleading promises nor by promises of special benefits when these are linked to uncertain future outcomes. Furthermore, “an IMA shall not guarantee payments or raise expectations otherwise.“

- when the largest part of the revenue is not a result of an actual economic activity

The company carries out MLM operations with the aim of selling Advanced Learning Systems (ALS).

The ALS consist of courses on financial topics with various levels of difficulty. 

These are as follows:

1. Introduction to finance (Teacher: Mr Angel Marchev); 
2. Risk and Stock Market (Teacher: Mr Angel Marchev); 
3. Forex and technical analysis of financial markets; 
4. Risk management and econometric analysis (Teacher: Mr Joannis Kantartzis); 
5. Behavioral Finance and advanced analysis (Teacher: Mr Numan Ulku); 
6. Behavioral Economics (Teacher: Ms Eva Porras); 
7. IPO process and valuations (Teacher: Ms Eva Porras).
8. The new product are the legal packages, offered by OneAcademy, which give comprehensive information about the legal side of the crypto currency world. They have been written and prepared for the mass public by law professionals with a long-term experience in the field. These courses have been developed as a guide into the world of crypto regulations, the ICO and the integration of the cryptocur-recies into the traditional markets all over the world. The topics covered by the legal packages are: 

1. Legal definition of cryptocurrency
2. Economic evaluation - is it an asset, commodity or something else
3. Cryptocurrency impact on the traditional market.
4. Types of crypto systems
5. Legal implications for the regulators
6. ICO regulations
7. Integration of the cryptocurrency, enabling cooperation with banks and institutions
8. Compliance systems and Tax regime

Each level consists of information about the crypto currency law in 6 different countries - Italy, Germany, Belgium, Bulgaria, Sweden and Norway, classified into sections. Furthermore, each of these countries offers a written handbook, an educational video and/or a presentation on each topic.


DEALSHAKER FRANCHISE COMPLIANCE

General information on how the franchise model functions

1. DealShaker prices are formed in minimum 50 % ONE and 50 % EUR (if EUR part is included in the deal price). The Merchant Bonus is generated every time a buyer redeems/uses a deal coupon from a merchant, registered in your downline. The Merchant Bonus is generated on the basis of the Advertising fee which is applied to the Merchant’s used deal coupons. The DealShaker Advertising fee is 25% of the cash value of the used coupon’s price.

If the merchant is not reluctant to pay that 25 % fee from the EUR part of the price, cannot afford to offer such a large percentage of ONE from the deal price and is also willing to receive the cash part in his wallet and/or bank account, he is allowed to use the discount coupon option. If the merchant chooses to use that option, he/she must be informed to write the exact price and % discount in coins in the title of the deal. The price of the deal has to be just in ONEs (with the discount), while the EUR part should be paid outside the platform to the merchant bank account and/or wallet. A compulsory condition - if the deal is high in value it should be written in the deal description that the EUR part will be provided after the contract agreement has been signed. Buyers should be informed that such deals bear a higher risk because just the discount coupon passes through the DealShaker platform and not the good/service itself. Therefore, the usage of payment methods for the EUR part, such as wallets or payment cards with a refund policy, is highly recommended.

2. We have noticed that franchisee’s agreements have been signed for territories where cryptocurrency and/or their trade is forbidden by law. To all franchisees - please follow our weekly updates for further information regarding the countries which you are responsible for in order not to deliver incorrect information to merchants about when the coin will be traded. We will try to negotiate with such governments, but the outcome is unknown.

3. Information about DS expos - all expos on the territory of the franchisee should first be reviewed and approved by Corporate. For expo requests please send an email to franchise@dealshaker.com. The aim – you will be provided with guidance by the company about whether such an expo is compliant with local legislation, whether it is allowed or not and how it should be organized according to local regulations and the future company plans for the territory in question. The DS expo schedule will be strictly coordinated by Corporate to make sure that no expos are organized on one and the same date. If that happens, it can complicate the expo process both for expo organizers and Corporate.

4. The Franchise agreement is personal and must not be transferred to a second party without the prior written consent of the Franchisor. The sub-franchise should only be taken with prior consent by the franchisor. Bear in mind that we will agree with your choice if it is in corporate’s interest. We are expecting your proposals on what the payment for the sub-franchisee should be.

5. If the franchisee is doing the CDD procedure for a merchant and the merchant seems to be of high-risk or if the franchisee has any doubts or questions, please contact Compliance asap.

6. Will give you soon manual how to calculate turnover fee using DealShaker. Teams are working towards finding a better solution, but for now this will do the job.


THE OFC BUNDLES OFFERING. 2017 OFCs

UPDATED INFORMATION:

Stage 3 of the Mandatory Discount Period is starting tomorrow.

On 8th October, 2019, the next 30% of the coins will be released. The remaining 20% of them will be held for additional 3 months and will receive 15% more coins.

Stage 3 will continue until January 7th, 2020. 

You will receive all new information accordingly.


Information about the 2017 OFCs:

Many of you raised the question about the conversion of 2017 OFCs.

As said months ago the conversion was planned to start in March. In the beginning of this month the conversion of 2017 OFCs has started, and during this month everyone is receiving 20% of the coins they are entitled to.

We have received several complaints about the conversion rate. I know that many of you were expecting a different rate, but there is a reason for this.

I believe that all of you will agree that ONE listed on an exchange is the Company's MOST important goal at the time being. All that we have worked for so hard, all our efforts rely on this event.

Especially now, at this stage of our growth it is crucial to make sure everything goes smooth and to focus on our priorities.

There is no room for the price of the coin to be destabilized. We must manage to maintain stable price of ONE.

The conversion rate of 2017 OFCs to ONE won’t damage the price of the coin and won’t affect the liquidity. Currently everyone is receiving the exact same amount of ONE that they have initially converted.


!NB Due to numerous inquiries by our users, please note that the 2017 OFCs will be converted at the same rate as ONE was converted to OFC. 

The Offering is in the so-called Mandatory Discount Period. Since January 8th participants are able to convert their accumulated OFCs into ONEs.

To all participants in the OFC Bundles Offering - please be informed that you will receive information about the upcoming steps of the process via email!

Useful information about the OFC Bundles Offering:

What is ONE?

The OneCoin cryptocurrency (ONE) is a centralized virtual currency which has been offered exclusively to the user base of the OneLife Network company. The agreement between AHS LatAm S.A. and the OneCoin company is the first of this kind and provides access to the coin to a much larger group of people globally, outside the OneLife Network.

How you can use it?

The OneCoin cryptocurrency is used by a global community, with organic growth of more than 3,5 million users, over the course of 4 years. In contrast with most cryptocurrencies which have not yet been introduced to the market, ONE is utilized by merchants through the DealShaker interactive commerce hub and part of the coins have already been distributed, creating a beneficial environment for companies and individuals willing to use a coin for global, instant and low-cost payments.

For your information

The partnership between AHS LatAm S.A. and OneCoin has partnered in order to create a strong business alliance, building a bridge between corporate and internet users.

If you would like to read all about the OFC Bundles Offering, the information regarding the ONE, stay informed about the whole process and all its specifics by clicking on the "Go to Webpage" button below.

On the website of the coin, you are able to find crucial reading materials regarding the offering, information about how to participate and everything necessary you need to know. 
 
Stay informed and become part of the innovation!*
 
*Special thanks to the team of professionals behind the OFC Bundles Offering for providing us with all the latest updates!

*NEW - COINSAFE USER MANUAL*

Due to the recent requests by our users for a refresh of the information about how to get the best of CoinSafe functionalities, our Support Experts have prepared a short guideline.

The new manual is available here: 
Back office ->Information Center ->Resources -> IMA Tools


THE NEW ONEACADEMY USER MANUALS

Here you are able to find the short manuals on how to access all educational courses in OneAcademy including the Legal and OneForex packages. 

Find the new handbooks in: 
Back office ->Information Center ->Resources -> IMA Tools


***NEW COMPLIANCE UPDATE***

Here is some useful information on how important it is to have a written contract.

In the 21st century, professionals are all too aware of the long history of deal-breaking and lawsuits that have taken place all around them.

Contracts are important because they outline expectations for both parties and protect both parties in case those expectations aren't met. 

Hopefully, you’ll never have to take legal actions based on the contract which means the project will end eventually, but to take preliminary precautions is always the best thing to do.

Contracts are compulsory as they:

- provide proof of details

- prevent misunderstanding from arising

- provide security and peace of mind

- serve as an official record of the agreement

Don’t forget - both parties should keep a copy of the contract as a file for several years in case an issue arises later on!


Compliance general information >>


OneLife Network Newsletter Oct 21st, 2019

The latest corporate PROMOTIONS, NEWS AND MATERIALS are released every Monday at 18:00 EET (Sofia time)!

Let's catch up on this week's updates:

  • Wonder Wheel is active until the end of October
  • Next DS Expo Destination - Vladivostok
  • Shout out - Australia 
  • Leadership rank extended until the 31st October 
  • Turnover fee - from 1st November 
  • Compliance updates - Specific legislation
  • Useful Manuals - OneAcademy/OneForex, Legal Courses and CoinSafe - new manual

Find out all about the latest promos and expos and events in the last 7 days in the ONLY reliable, corporate source of information!


WHAT IS THE ONELIFE NETWORK?

The OneLife Network (OLN) is a growing global network that was born out of the OneCoin cryptocurrency brand. The Network has a digital platform with a unique portfolio of sophisticated products and social networking tools that help members achieve financial independence. Members enjoy access to an array of e-learning programs that help them apply financial theory to practice.

Want to find out more about the OneLife Network and the OneCoin cryptocurrency? Now you learn more IN 18 DIFFERENT LANGUAGES!

CHECK OUT THE LINKS BELOW TO WATCH THE VIDEO IN: 

• English • Chinese • Spanish • French • Portuguese • Italian • Turkish • Arabic • Romanian 
• Danish • Russian • German • Swedish • Hungarian • Polish • Norwegian • Japanese • Korean •

OneLife Video Presentation. The Future of Payments [ENG]

CLICK TO VIEW


WONDER WHEEL UNTIL THE END OF OCTOBER

Wonder wheel is going to be active until the end of October! The promo is going to be on from 22nd til 31st October, 23:59 GMT. 

The Wonder wheel promo gives you the opportunity to receive extra promotional tokens with your packages – a 25%, 50% or 100%. The Tokens will be obtained with the activation of the packages you choose!

Take your chance until the end of the month and take your spin!


MERCHANT SHOUT OUT!

We are proud to share that the initiative Merchant Shout out has become extremely popular among DealShaker Merchants and Buyers.

We are happy to constantly receive positive feedback for the Merchant section and more and more merchant stories keep coming in our mailbox. Keep sending us your thoughts, stories and suggestions! We will continue to give tribune to the best merchant stories. This is our way of saying "Thank you!"

We have noticed a significant progress in the performance of three of the franchisees – team Algeria, team Malaysia and Singapore and team Italy.

A BIG BRAVO to you all!

In the upcoming two weeks we will be expecting shout out suggestions from ALL OF THE TEAMS listed above at support@dealshaker.com  by the 23th October.

How can we motivate people to become even better than they think they can? 

As you know DealShaker is the project everybody is currently interested in. As an alternative for increasing the value of ONE, exercising its usability and encouraging others to join, the platform is a great commercial hub for merchants, users and crypto enthusiasts. Here comes our latest mission - to encourage the newest merchants that are highly motivated and eager to make an amazing performance and achieve more and also to help them become popular on the DealShaker platform.

How can you contribute to the New merchant Shout out?

We are going to expect suggestions for new merchants to be popularized or to be given a shout out in the upcoming newsletters or our Facebook page. The merchant can be associated with tourism, hospitality, food and drink, beauty, health or any area you think significant. The merchants have to be in a populous area or tourist destination all over the world.

It is a pleasure for us to present the next amazing country with tempting deals and hard-working merchants:

Australia has always been ahead of their time! The Australia and Oceania franchisee has been proving that. The innovative thinking and practicality they have put in is remarkable and everybody can enjoy it.
If you love in Australia or plan a trip there you are just in luck. Look at the platform the franchise developed and enjoy the countless deals which are distinguished into 10 categories:

  • ‘Food and restaurants’
  • ‘Jewelry and Precious’
  • ‘Household and appliance’
  • ‘Health and beauty’
  • ‘Phone, Laptops and electronics’
  • ‘Men and women fashion’
  • ‘Mom and baby’
  • ‘Hotel and travel’
  • ‘Services’
  • ‘Others’

The website offers the location search possibility, as well.
What is even better is that it offers insights and further understanding of the OneLife and DealShaker compliance and trainings. There you can find presentations on compliance topics which have been presented to corporate trainings and only a few attended.
https://www.oceaniafranchise.com/shop-with-dealshaker


DEALSHAKER EXPO DESTINATIONS

Time for а change and exciting, new things are just around the corner!

OneLife begins a brand new initiative which aims to educate, entertain and inform both merchants and users of the DealShaker platform about big upcoming expos all over the world. 

We will need your assistance, of course!

If you would like to give your long-awaited event a shout out in the newsletter, please send us details about the event at franchise@dealshaker.com! Include interesting facts about:

  • The expo
  • Location
  • Number of merchants (should be above 100 merchants)
  • Everything you consider important to be mentioned

VLADIVOSTOK

Vladivostok….a distant town with long history and difficult name

Vladivostok is a port city on the Russian Pacific coast.  It is located on the shores of the Golden Horn Bay near the borders of China and North Korea. This is the terminal point of the Trans-Siberian Railway which takes seven days from Moscow.

The Pacific Ocean will be a fantastic sight for the nature and sea lovers. Vladivostok is surrounded by sea from three directions-south, east and west.
Vladivostok is magnificent city which is home to rare flora and fauna. More than 50 different species of birds nest their nests in the city. The marine reserve ‘Far Eastern’ is home to more than 1000 species of fish. The city accommodates extremely interesting botanical garden in which more than 1,500 species of various plants grow. 

Unique feature of the city of Vladivostok is that big part of the territory is located on nearby islands. Moreover, there you can witness unique architectural sights. The bridge connecting the city itself with Russky Island is the longest cable-stayed bridge in the world, with a length of over 1,100 meters.

The DealShaker expo in Vladivostok on the 2nd and 3rd November is situated close to the main tourist attractions of the city - the Voroshilov Battery, viewing platform, forts of the Vladivostok Fortress and many others which pictures part of the Russian history.

According to the organisers, the ‘Dealshaker Expo’ is not just am event and EXPO exhibition of goods and services in exchange for ONE. It is an innovative and first of its kind exhibition for Vladivostok.

The event promises to deliver:

- Cognitive and training part from professionals in the digital economy of the region, the Country and foreign guests

- An unforgettable culture

- Cool gifts from merchants and surprises

EXPO DEALSHAKER will be held on November 2-3, 2019 in Vladivostok, Russky Island, FEFU campus, Building B, hotel ‘Ajax’.

Registration of participants and merchants is already open.


LEADERSHIP RANKING EXTENSION

Dear users,
We would like to let you know that the new leadership ranks' calculation period has been extended and it is going to be calculated for the period 01/08/2019 - 30/10/2019. 

To all the true leaders out there - thank you for being an inspiration to all of us!

'Leadership and learning are indispensable to each other.'
John F. Kennedy


***REMINDER***

A quick reminder to all the new merchants and their sponsors:
As a token of gratitude for the hard work and amazing effort, OneLife and DealShaker have some special surprises for all the new merchants, first deals and their sponsors:

• a new merchant will be granted 100 tokens -> this is valid for every FIRST merchant account approved (received ONCE)

• first deal approval will be granted 100 tokens to the merchant (received ONCE)


INCREASE IN TOKENS
The sponsor of the newly approved merchant on DealShaker will be granted 500 tokens instead of a 100 as it has been until now.

We are expecting the new season to bring the most exciting new deals in the most adventurous places!

Stay tuned!

NEW SECTION: - DEALSHAKER FRANCHISE UPDATES


SPECIAL 'THANK YOU'

Dear Franchise holders,

Warm regards and special thanks to all of you who came to Sofia and attended the DealShaker training! 

You are the best students a lecturer could wish for! Hope you keep up your spirits and motivation high!

Let me just use the opportunity and welcome our new Franchisees who recently joined the DealShaker Franchise initiative –  Colombia&Chile, Mexico, Ecuador&Chile, The Czech Republic, Kyrgyzstan, Cyprus, Mongolia, Kenya, Peru, Greece, Malawi, Malta, Portugal, Latvia&Lithuania,&Estonia, Argentina and Hungary.

Good luck, everyone, we are proud to have you onboard!

Hope the days we spent together and the things we learned prove useful to you and your teams!

Another important thing that was decided upon last week was that OneLife will begin working with Regional Distributors instead of Master Distributors as it was until now. These people will cover all regions on a global scale and will be under direct company management. RD will facilitate the network growth and will allocate the corporate outreach for an easier connection with the network.

Unity, duplication and, most importantly, equality – this is the formula to success!

After Mongolia, Malta and Mexico, we would like to welcome aboard three new franchisees part of our network in Latin America!

WELCOME

Peru, Ecuador and Chili! 

FRANCHISEES WANTED!

Dear all,

According to recent updates about which territories the Exchange platform is going to operate on, DealShaker will be needing its new franchise representatives.

If you think you know the perfect candidate for the job – dedicated, hard-working and, of course, matching all of the franchise criteria, do not hesitate to let them know we are seeking new franchisees! All applications should be sent to franchise@dealshaker.com  


CRITERIA FOR NEW FRANCHISEES

Please get familiar with the general criteria for the approval of new franchise holders.

Exceptions shall apply if the company does not receive an application from a suitable candidate who is in full compliance with the requirements listed below:

  • franchise holder’s current whereabouts are in the area of the Franchisee’s business activity
  • proven business management background (clean business background - no bankrupt or insolvent/ in liquidation company/ies)
  • proven clean criminal record
  • proven OLN MLM background
  • no sanctions for violation of OLN T&C and all applicable policies and procedures
  • franchise holder is not under compliance monitoring
  • proven track record with a variety of activities for the popularization of the ONE Ecosystem
  • proven track record of popularizing OLN’s mission and values; training users of how to put them to good use in their team’s everyday work
  • conducting business activities and day-to-day operations which are compliant with local legislation
  • being familiar with specific DealShaker T&Cs, CDD and AML/CFT policies and procedures
  • be fully aware that signing the Franchise contract is a big responsibility and treat his/her new role seriously
  • have a clear concept of how to apply his/her sale strategy to the specific target market and its users

Other criteria related to logistics, technical background and similar experience will be taken under consideration when taking the decision for the next franchisees.

Make sure you send us the following – username, reason why you think you are a suitable candidate, CDD of the individual and the company, additional information if explicitly requested by corporate.

Selling Shares from DealShaker Franchisee’s companies

Please be informed that the DealShaker Franchisee model is Intuitu personae (Because of the person). This means that any sells of shares from the DealShaker Franchisee company by current franchisees are totally unacceptable and they are NOT approved by the parent company. 

Selling shares from the company that holds the DealShaker franchise, can lead to an immediate replacement of the person, chosen by the company as a franchisee. Such a sale is considered a fraud, especially when the seller misleads the buyers that shares from the company, holding the  franchise, are equal to buying shares from the DealShaker company itself. 

Please be informed that the parent company grants specific rights to the franchise holder for the terms explicitly written in the contract, but those rights can be canceled if a serious violation is proven.

We will not get tired to repeat and remind: Everyone, please, think twice before accepting such “business proposals” because the companies that hold the franchise are separate legal entities that exist independently from the DealShaker platform. 

If you have any doubts or questions, please contact our teams and ask. Better safe than sorry!

Resource center - All New Franchise Training Presentations, Fees and Procedures

Approval procedure of merchants and Deals for DS Expos

DealShaker expo, by definition, is an event with more than 50 merchants. If an event has less than 50 merchants it is called ‘A local bazar’.

All DealShaker Expo proposals go to the Franchisee, first! Then the franchisee sends the proposal to franchise@dealshaker.com for approval.

If there is a merchant with merchant account from a different country that the country the expo is taking place, the Franchisee responsible for deals approval, contacts the franchisee the merchant is from via email for the merchant account and/or deals approval.

The franchisee in that country the merchant is from must collect the necessary fees and review the deals.

If there is no Franchisee in that county the merchant is from, all the deals must be approved by corporate and sent to the Dealshaker support for approval.


DealShaker marketing materials are available for the franchisees in the backoffice.

TURNOVER FEE UPDATES

Please be informed that the implementation of a turnover fee has been postponed – from October 1st to November 1st.


INDIVIDUAL SELLERS vs. REGISTERED BUSINESSES

Dear all,

Recently, we have noticed that some of the franchise holders have been giving out to their teams definitions of what exactly registered businesses and individual sellers are. Their effort and team spirit is worthy of admiration but the issue here is that all definitions must be unified and approved by compliance prior to being disseminated among DealShaker users. Otherwise, explanations of those terms that vary could lead to a breach of the principle of equal treatment.

To help clear out the confusion, here are some basic examples which you can use in your everyday work and train your people:

- if you are selling off your old possessions which don’t want and need anymore - you are a private seller
- if you purchase products with the idea to resell them later - you are running a business and you must be registered as a business, as per Amazons’ T&Cs, for example

On the contrary – as per DealShakers’ T&Cs both those categories are defined as individual sellers.

If you are a business owner with a private company, the deals you upload are typical for your business activity and they are run as a regular occupation, then you need to establish a merchant account as a registered business. 


IMPORTANT DEALSHAKER UPDATES

Dear all,

It has come to our attention that recently merchants, working on other platforms have been claiming to work on behalf of DealShaker and the OneLife Network. Please be informed that no other platform, except for DealShaker and its franchisees, and no other company, except for OneLife (or OneCoin) has the right to operate with the DealShaker trademark and the services it provides. 

Be extremely cautious with any information you receive from other companies, individuals or communication channels which are different from the corporate approved ones. If you have any doubts or questions, you can always contact the OneLife teams to get the latest information, related to our projects.

Dear all,

Recently, it has come to our attention that several merchants have started to conduct fraudulent practices outside of the Dealshaker platform which constitutes a high risk of money loss to the people who participate. The deals in question are about sales of gold, real estate properties, motor vehicles and other products of high value. 

Many of the above mentioned  deals are accompanied by a tempting proposal by the merchant – the buyer should transfer his accounts to the merchant and pay part of the deal price outside of the platform in exchange of some expensive good or service. Bear in mind that this practice is strictly forbidden according to the applicable OneLife T&C 18(2). 

Please have in mind that none of those projects/deals are approved or supported by Corporate. If someone has any information about such projects/deals please do not hesitate to inform OneLife Compliance asap, so that we can take measures to stop those fraudulent practices and sanction the wrongdoer accordingly and with an immediate effect.


SPECIFIC LEGISLATION, DEFINING UNFAIR B2C COMMERCIAL PRACTICES

Point 14 of Annex I to Directive 2005/29 / EC of the European Parliament and of the Council of 11 May 2005 concerning unfair business-to-consumer commercial practices in the internal market and amending Council Directive 84/450 / EEC, Directives 97 / 7 / EC, 98/27 / EC and 2002/65 / EC of the European Parliament and of the Council and Regulation (EC) No 2006/2004 of the European Parliament and of the Council (the "Unfair Commercial Practices Directive") must be interpreted in the sense that a promotional pyramid scheme constitutes unfair commercial practice only in the following cases:

- when it requires the consumer to pay a certain amount, regardless how much, thus being granted the right to join the scheme, regardless of whether the consumer is selling/ using products or not.

There is an active bonus program for IMAs, called “Global compensation plan”, which is available on the website. Sales (not the sole fact that someone has joined) are rewarded regardless of whether they are made directly or further down the sales chain. Commission can also be earned by a free enrollee into the OLN system called Rookie. After the completion of each educational level the participants receive a certificate.

- when the participants in such a scheme need to contribute financially.

In the “Global compensation plan” it is stated that the free Rookie package allows members to generate promotional tokens and bonuses from the Network's rewards plan (also known as Fast Start retail commissions) It also provides them with information which is free of charge and helps them understand the project better.
- the last users to join are likely to receive less benefits for their participation that the ones who joined earlier in time.

IMAs who build teams of other IMAs who then make ALS (Advanced Learning Systems) sales earn bonuses. All IMAs are provided with an equal opportunity to earn if they make sales of ALS. The ALS teach about financial markets, global trading and the emerging world of cryptocurrency. 

- when the recruitment is based on the promise that the consumer will be able to benefit economically.

The activity of the IMAs in the Network is supervised by an experienced compliance team. As per corporate policies compliance will sanction IMAs who breach IMA T&C; OLN T&C; and all applicable policies and procedures according to the internal sanction policy. The rules are for everyone – no exceptions. In order to become an IMA, a new applicant is required to read and agree to the terms of the Agreement and the relevant General Terms and Conditions of the Company. Upon notification of his/her acceptance by the Company, the new IMA will be entered into the Company database. As it is written in OLN T&Cs: “The client should neither be convinced to purchase the products through dubious and/or misleading promises nor by promises of special benefits when these are linked to uncertain future outcomes. Furthermore, “an IMA shall not guarantee payments or raise expectations otherwise.“

- when the largest part of the revenue is not a result of an actual economic activity

The company carries out MLM operations with the aim of selling Advanced Learning Systems (ALS).

The ALS consist of courses on financial topics with various levels of difficulty. 

These are as follows:
1. Introduction to finance (Teacher: Mr Angel Marchev); 
2. Risk and Stock Market (Teacher: Mr Angel Marchev); 
3. Forex and technical analysis of financial markets; 
4. Risk management and econometric analysis (Teacher: Mr Joannis Kantartzis); 
5. Behavioral Finance and advanced analysis (Teacher: Mr Numan Ulku); 
6. Behavioral Economics (Teacher: Ms Eva Porras); 
7. IPO process and valuations (Teacher: Ms Eva Porras).

8. The new product are the legal packages, offered by OneAcademy, which give comprehensive information about the legal side of the crypto currency world. They have been written and prepared for the mass public by law professionals with a long-term experience in the field. These courses have been developed as a guide into the world of crypto regulations, the ICO and the integration of the cryptocur-recies into the traditional markets all over the world. The topics covered by the legal packages are: 

1. Legal definition of cryptocurrency
2. Economic evaluation - is it an asset, commodity or something else
3. Cryptocurrency impact on the traditional market.
4. Types of crypto systems
5. Legal implications for the regulators
6. ICO regulations
7. Integration of the cryptocurrency, enabling cooperation with banks and institutions
8. Compliance systems and Tax regime

Each level consists of information about the crypto currency law in 6 different countries - Italy, Germany, Belgium, Bulgaria, Sweden and Norway, classified into sections. Furthermore, each of these countries offers a written handbook, an educational video and/or a presentation on each topic.


DEALSHAKER FRANCHISE COMPLIANCE

General information on how the franchise model functions

1. DealShaker prices are formed in minimum 50 % ONE and 50 % EUR (if EUR part is included in the deal price). The Merchant Bonus is generated every time a buyer redeems/uses a deal coupon from a merchant, registered in your downline. The Merchant Bonus is generated on the basis of the Advertising fee which is applied to the Merchant’s used deal coupons. The DealShaker Advertising fee is 25% of the cash value of the used coupon’s price.

If the merchant is not reluctant to pay that 25 % fee from the EUR part of the price, cannot afford to offer such a large percentage of ONE from the deal price and is also willing to receive the cash part in his wallet and/or bank account, he is allowed to use the discount coupon option. If the merchant chooses to use that option, he/she must be informed to write the exact price and % discount in coins in the title of the deal. The price of the deal has to be just in ONEs (with the discount), while the EUR part should be paid outside the platform to the merchant bank account and/or wallet. A compulsory condition - if the deal is high in value it should be written in the deal description that the EUR part will be provided after the contract agreement has been signed. Buyers should be informed that such deals bear a higher risk because just the discount coupon passes through the DealShaker platform and not the good/service itself. Therefore, the usage of payment methods for the EUR part, such as wallets or payment cards with a refund policy, is highly recommended.

2. We have noticed that franchisee’s agreements have been signed for territories where cryptocurrency and/or their trade is forbidden by law. To all franchisees - please follow our weekly updates for further information regarding the countries which you are responsible for in order not to deliver incorrect information to merchants about when the coin will be traded. We will try to negotiate with such governments, but the outcome is unknown.

3. Information about DS expos - all expos on the territory of the franchisee should first be reviewed and approved by Corporate. For expo requests please send an email to franchise@dealshaker.com. The aim – you will be provided with guidance by the company about whether such an expo is compliant with local legislation, whether it is allowed or not and how it should be organized according to local regulations and the future company plans for the territory in question. The DS expo schedule will be strictly coordinated by Corporate to make sure that no expos are organized on one and the same date. If that happens, it can complicate the expo process both for expo organizers and Corporate.

4. The Franchise agreement is personal and must not be transferred to a second party without the prior written consent of the Franchisor. The sub-franchise should only be taken with prior consent by the franchisor. Bear in mind that we will agree with your choice if it is in corporate’s interest. We are expecting your proposals on what the payment for the sub-franchisee should be.

5. If the franchisee is doing the CDD procedure for a merchant and the merchant seems to be of high-risk or if the franchisee has any doubts or questions, please contact Compliance asap.

6. Will give you soon manual how to calculate turnover fee using DealShaker. Teams are working towards finding a better solution, but for now this will do the job.


THE OFC BUNDLES OFFERING. 2017 OFCs

UPDATED INFORMATION:

Stage 3 of the Mandatory Discount Period is starting tomorrow.

On 8th October, 2019, the next 30% of the coins will be released. The remaining 20% of them will be held for additional 3 months and will receive 15% more coins.

Stage 3 will continue until January 7th, 2020. 

You will receive all new information accordingly.


Information about the 2017 OFCs:

Many of you raised the question about the conversion of 2017 OFCs.

As said months ago the conversion was planned to start in March. In the beginning of this month the conversion of 2017 OFCs has started, and during this month everyone is receiving 20% of the coins they are entitled to.

We have received several complaints about the conversion rate. I know that many of you were expecting a different rate, but there is a reason for this.

I believe that all of you will agree that ONE listed on an exchange is the Company's MOST important goal at the time being. All that we have worked for so hard, all our efforts rely on this event.

Especially now, at this stage of our growth it is crucial to make sure everything goes smooth and to focus on our priorities.

There is no room for the price of the coin to be destabilized. We must manage to maintain stable price of ONE.

The conversion rate of 2017 OFCs to ONE won’t damage the price of the coin and won’t affect the liquidity. Currently everyone is receiving the exact same amount of ONE that they have initially converted.


!NB Due to numerous inquiries by our users, please note that the 2017 OFCs will be converted at the same rate as ONE was converted to OFC. 

The Offering is in the so-called Mandatory Discount Period. Since January 8th participants are able to convert their accumulated OFCs into ONEs.

To all participants in the OFC Bundles Offering - please be informed that you will receive information about the upcoming steps of the process via email!

Useful information about the OFC Bundles Offering:

What is ONE?
The OneCoin cryptocurrency (ONE) is a centralized virtual currency which has been offered exclusively to the user base of the OneLife Network company. The agreement between AHS LatAm S.A. and the OneCoin company is the first of this kind and provides access to the coin to a much larger group of people globally, outside the OneLife Network.

How you can use it?
The OneCoin cryptocurrency is used by a global community, with organic growth of more than 3,5 million users, over the course of 4 years. In contrast with most cryptocurrencies which have not yet been introduced to the market, ONE is utilized by merchants through the DealShaker interactive commerce hub and part of the coins have already been distributed, creating a beneficial environment for companies and individuals willing to use a coin for global, instant and low-cost payments.

For your information
The partnership between AHS LatAm S.A. and OneCoin has partnered in order to create a strong business alliance, building a bridge between corporate and internet users.
 
If you would like to read all about the OFC Bundles Offering, the information regarding the ONE, stay informed about the whole process and all its specifics by clicking on the "Go to Webpage" button below.
 
On the website of the coin, you are able to find crucial reading materials regarding the offering, information about how to participate and everything necessary you need to know. 
 
Stay informed and become part of the innovation!*
 
*Special thanks to the team of professionals behind the OFC Bundles Offering for providing us with all the latest updates!

Go to Webpage


*NEW - COINSAFE USER MANUAL*

Due to the recent requests by our users for a refresh of the information about how to get the best of CoinSafe functionalities, our Support Experts have prepared a short guideline.

The new manual is available here: 
Back office ->Information Center ->Resources -> IMA Tools


THE NEW ONEACADEMY USER MANUALS

Here you are able to find the short manuals on how to access all educational courses in OneAcademy including the Legal and OneForex packages. 

Find the new handbooks in: 
Back office ->Information Center ->Resources -> IMA Tools


***NEW COMPLIANCE UPDATE***

Here is some useful information on how important it is to have a written contract.

In the 21st century, professionals are all too aware of the long history of deal-breaking and lawsuits that have taken place all around them.

Contracts are important because they outline expectations for both parties and protect both parties in case those expectations aren't met. 

Hopefully, you’ll never have to take legal actions based on the contract which means the project will end eventually, but to take preliminary precautions is always the best thing to do.

Contracts are compulsory as they:

- provide proof of details

- prevent misunderstanding from arising

- provide security and peace of mind

- serve as an official record of the agreement

Don’t forget - both parties should keep a copy of the contract as a file for several years in case an issue arises later on!


Compliance - General information >>


OneLife Network Newsletter Oct 14th, 2019

The latest corporate PROMOTIONS, NEWS AND MATERIALS are released every Monday at 18:00 EET (Sofia time)!

Let's catch up on this week's updates:

  • Wonder Wheel until the 20th October
  • Merchant Shout out - Algeria
  • Next DS Expo Destination - Mongolia
  • Turnover fee - from 1st November 
  • Compliance updates - Specific legislation
  • Useful Manuals - OneAcademy/OneForex, Legal Courses and CoinSafe - new manual

Find out all about the latest promos and expos and events in the last 7 days in the ONLY reliable, corporate source of information!


WHAT IS THE ONELIFE NETWORK?

The OneLife Network (OLN) is a growing global network that was born out of the OneCoin cryptocurrency brand. The Network has a digital platform with a unique portfolio of sophisticated products and social networking tools that help members achieve financial independence. Members enjoy access to an array of e-learning programs that help them apply financial theory to practice.

Want to find out more about the OneLife Network and the OneCoin cryptocurrency? Now you learn more IN 18 DIFFERENT LANGUAGES!

CHECK OUT THE LINKS BELOW TO WATCH THE VIDEO IN: 

• English • Chinese • Spanish • French • Portuguese • Italian • Turkish • Arabic • Romanian 
• Danish • Russian • German • Swedish • Hungarian • Polish • Norwegian • Japanese • Korean •

OneLife Video Presentation. The Future of Payments [ENG]

CLICK TO VIEW


WONDER WHEEL UNTIL THE 20TH!

The Wonder Wheel is going to be active until the 20th October,23:59 GMT.  

This promotion gives you the opportunity to receive extra promotional tokens with your packages – a 25%, 50% or 100%. The Tokens will be obtained with the activation of the packages you choose!
 
Take your turn and spin the wheel!


MERCHANT SHOUT OUT!

We are proud to share that the initiative Merchant Shout out has become extremely popular among DealShaker Merchants and Buyers.

We are happy to constantly receive positive feedback for the Merchant section and more and more merchant stories keep coming in our mailbox. Keep sending us your thoughts, stories and suggestions! We will continue to give tribune to the best merchant stories. This is our way of saying "Thank you!"

The best performing franchise teams for September have been the DACH (most deals) and the Vietnam (most merchants)!
The statistics for this month show that both teams have approved the most new merchants and deals on the DealShaker platform, thus setting an amazing example to all of us about how to work hard and get great results!

Once again – congratulations Team DACH and Team Vietnam!

Furthermore, we would like to congratulate three more teams on their achievements as well:

We have noticed a significant progress in the performance of three of the franchisees – team Algeria, team Malaysia and Singapore and team Italy. A BIG BRAVO to you all!

In the upcoming two weeks we will be expecting shout out suggestions from ALL OF THE TEAMS listed above at support@dealshaker.com  by the 23th October.

How can we motivate people to become even better than they think they can?

As you know DealShaker is the project everybody is currently interested in. As an alternative for increasing the value of ONE, exercising its usability and encouraging others to join, the platform is a great commercial hub for merchants, users and crypto enthusiasts. Here comes our latest mission - to encourage the newest merchants that are highly motivated and eager to make an amazing performance and achieve more and also to help them become popular on the DealShaker platform.

How can you contribute to the New merchant Shout out?

We are going to expect suggestions for new merchants to be popularized or to be given a shout out in the upcoming newsletters or our Facebook page. The merchant can be associated with tourism, hospitality, food and drink, beauty, health or any area you think significant. The merchants have to be in a populous area or tourist destination all over the world. 

It is a pleasure for us to present the next amazing country with tempting deals and hard-working merchants:

Algeria is now the Africa`s largest country, covering an area of 2.4 million km2. Algeria has the population of 40.4 million people. As the desert Sahara covers 88% of the territory of the country, 90% of the population is allocated at the Mediterranean Sea shores where the climate and soil allow better live conditions. Due to its location on the map the country has been ruled by Romans, Byzantines, Germanic tribes, Spaniards, Turks, and the French

An interesting fact about the country is that the Algerian flag is comprised of two halves – the left side is green and the right side is white, with a red crescent and red star in the middle. The green color represents Islam and the white represents purity. The crescent on the Algerian flag has become an Islamic symbol.

One of the traditional Algerian dresses is called ‘karakou’. It always consists of a velvet jacket embroidered with gold threads. Usually, the jacket is worn with the traditional Arab trousers called ‘saroual’, but modern karakou can be used with a long skirt, as well. The DealShaker merchant Malika1331 offers the traditional clothing. Modern clothing and accessories can also be found. Merchants ElZou01 and Bouthiba022 accept 100% ONE if you are interested in finding good deals.

Some interesting deals include orthopedic consultation and orthopedic surgery for 100% ONE from Oft51

If you are interested in finding more about the Algerian market on the DealShaker platform – visit www.dealshaker.com.


DEALSHAKER EXPO DESTINATIONS

Time for а change and exciting, new things are just around the corner!

OneLife begins a brand new initiative which aims to educate, entertain and inform both merchants and users of the DealShaker platform about big upcoming expos all over the world. 

We will need your assistance, of course!

If you would like to give your long-awaited event a shout out in the newsletter, please send us details about the event at franchise@dealshaker.com! Include interesting facts about:

  • The expo
  • Location
  • Number of merchants (should be above 100 merchants)
  • Everything you consider important to be mentioned

MONGOLIA

The next expo destination will blow your mind! 


Today we are going to beautiful Mongolia - land of the brave! 

Team Mongolia would like to invite all members and merchants to the capital of Mongolia, the warm and welcoming Ulaanbaatar city, to its very first DEALSHAKER EXPO.

The Expo there will take place on November 2nd and 3rd. The two-day event will be packed with talks and training sessions by leading experts in the field, networking opportunities, as well as an exhibition of goods and services from DealShaker registered local and international merchants.

Here is the program for the Expo:

November 1, 2019 - Arrival and accommodation of international guests

November 2, 2019  - Conference Day  

08.00 – 09.30 Registration
10.00 - 13:00 Conference, training
13.00 – 14.00  Lunch Break
14.00 – 17.00 Conference, training
Lucky draw

10:00 – 17.00  ‘Open Door Day’, questions and answers
19.00  Gala Dinner
 
 November 3, 2019  - Expo Day

10:00 – 16:00  DealShaker Expo
Advertising and promotional events of merchants’ products and services
15:00 – 17:00  VIP meetings
EVENTS @ SHOWROOM: Visual presentation of OneLife Business in Mongolia
 Presentation of  “Ecomir” eco-town.

10:00 – 17.00  ‘Open Door Day’, Questions and answers
15.00: 17.00  - The  VIP conference will bring together country’s leading economists and politicians for an insightful discussion on current economic and legal state of the crypto currency and its future trends, with special focus on possible ways to build a collaborative relationship with Mongolia’s government.
19.00  Gala Dinner

November 4th will offer all curious visitors a special surprise - a Chinggis Khaan Tour. (kindly contact the organizers for more details if you wish to join the tour)

See you in Mongolia!


***REMINDER***

A quick reminder to all the new merchants and their sponsors:

As a token of gratitude for the hard work and amazing effort, OneLife and DealShaker have some special surprises for all the new merchants, first deals and their sponsors:

• a new merchant will be granted 100 tokens -> this is valid for every FIRST merchant account approved (received ONCE)

• first deal approval will be granted 100 tokens to the merchant (received ONCE)

INCREASE IN TOKENS

The sponsor of the newly approved merchant on DealShaker will be granted 500 tokens instead of a 100 as it has been until now.
 

We are expecting the new season to bring the most exciting new deals in the most adventurous places!

Stay tuned!


NEW SECTION: 
DEALSHAKER FRANCHISE UPDATES

FRANCHISE TRAINING AND LATAM MEETING

The next consecutive DealShaker Training for franchisees is coming up in October! This training is organized exclusively for all of you who did not manage to attend the last DealShaker training in June or have been selected a franchisee in the last three months. 

Date, time and exact location are soon to be agreed upon and corporate will inform the Franchisees with an official invitation with all the details.

Stay tuned and prepare to learn! #education #TogetherForMore

One more update for the upcoming weeks of October – a meeting will be held at the Sofia office with the aim to discuss the new corporate strategy for Latin America. As you might already know currently there is an ongoing selection of the best of the best IMAs who will become Regional Distributors for LatAm.

Exact date and time of the meeting coming up, stay tuned!

***
We would like to welcome aboard the three newly-elected DealShaker Franchise holders.

Mongolia, Malta and Mexico -

- thank you for taking the initiative and becoming part of a great adventure!

And don't forget about the ongoing election campaign:

***


FRANCHISEES WANTED!

Dear all,

According to recent updates about which territories the Exchange platform is going to operate on, DealShaker will be needing its new franchise representatives for the following countries:  

o    Peru
o    Chile
o    Paraguay
o    Guyana

o    Montenegro
o    Lebanon
o    Netherlands 
o    Slovakia
o    Slovenia 

If you think you know the perfect candidate for the job – dedicated, hard-working and, of course, matching all of the franchise criteria, do not hesitate to let them know we are seeking new franchisees! All applications should be sent to franchise@dealshaker.com  


CRITERIA FOR NEW FRANCHISEES

Please get familiar with the general criteria for the approval of new franchise holders.

Exceptions shall apply if the company does not receive an application from a suitable candidate who is in full compliance with the requirements listed below:

  • franchise holder’s current whereabouts are in the area of the Franchisee’s business activity
  • proven business management background (clean business background - no bankrupt or insolvent/ in liquidation company/ies)
  • proven clean criminal record
  • proven OLN MLM background
  • no sanctions for violation of OLN T&C and all applicable policies and procedures
  • franchise holder is not under compliance monitoring
  • proven track record with a variety of activities for the popularization of the ONE Ecosystem
  • proven track record of popularizing OLN’s mission and values; training users of how to put them to good use in their team’s everyday work
  • conducting business activities and day-to-day operations which are compliant with local legislation
  • being familiar with specific DealShaker T&Cs, CDD and AML/CFT policies and procedures
  • be fully aware that signing the Franchise contract is a big responsibility and treat his/her new role seriously
  • have a clear concept of how to apply his/her sale strategy to the specific target market and its users

Other criteria related to logistics, technical background and similar experience will be taken under consideration when taking the decision for the next franchisees.

Make sure you send us the following – username, reason why you think you are a suitable candidate, CDD of the individual and the company, additional information if explicitly requested by corporate.

Selling Shares from DealShaker Franchisee’s companies

Please be informed that the DealShaker Franchisee model is Intuitu personae (Because of the person). This means that any sells of shares from the DealShaker Franchisee company by current franchisees are totally unacceptable and they are NOT approved by the parent company. 

Selling shares from the company that holds the DealShaker franchise, can lead to an immediate replacement of the person, chosen by the company as a franchisee. Such a sale is considered a fraud, especially when the seller misleads the buyers that shares from the company, holding the  franchise, are equal to buying shares from the DealShaker company itself. 

Please be informed that the parent company grants specific rights to the franchise holder for the terms explicitly written in the contract, but those rights can be canceled if a serious violation is proven.

We will not get tired to repeat and remind: Everyone, please, think twice before accepting such “business proposals” because the companies that hold the franchise are separate legal entities that exist independently from the DealShaker platform. 

If you have any doubts or questions, please contact our teams and ask. Better safe than sorry!

Resource center - All New Franchise Training Presentations, Fees and Procedures

Approval procedure of merchants and Deals for DS Expos

DealShaker expo, by definition, is an event with more than 50 merchants. If an event has less than 50 merchants it is called ‘A local bazar’.

All DealShaker Expo proposals go to the Franchisee, first! Then the franchisee sends the proposal to franchise@dealshaker.com for approval.

If there is a merchant with merchant account from a different country that the country the expo is taking place, the Franchisee responsible for deals approval, contacts the franchisee the merchant is from via email for the merchant account and/or deals approval.

The franchisee in that country the merchant is from must collect the necessary fees and review the deals.

If there is no Franchisee in that county the merchant is from, all the deals must be approved by corporate and sent to the Dealshaker support for approval.


DealShaker marketing materials are available for the franchisees in the backoffice.

TURNOVER FEE UPDATES

Please be informed that the implementation of a turnover fee has been postponed – from October 1st to November 1st.


INDIVIDUAL SELLERS vs. REGISTERED BUSINESSES

Dear all,

Recently, we have noticed that some of the franchise holders have been giving out to their teams definitions of what exactly registered businesses and individual sellers are. Their effort and team spirit is worthy of admiration but the issue here is that all definitions must be unified and approved by compliance prior to being disseminated among DealShaker users. Otherwise, explanations of those terms that vary could lead to a breach of the principle of equal treatment.

To help clear out the confusion, here are some basic examples which you can use in your everyday work and train your people:

- if you are selling off your old possessions which don’t want and need anymore - you are a private seller
- if you purchase products with the idea to resell them later - you are running a business and you must be registered as a business, as per Amazons’ T&Cs, for example

On the contrary – as per DealShakers’ T&Cs both those categories are defined as individual sellers.

If you are a business owner with a private company, the deals you upload are typical for your business activity and they are run as a regular occupation, then you need to establish a merchant account as a registered business. 


IMPORTANT DEALSHAKER UPDATES

Dear all,

It has come to our attention that recently merchants, working on other platforms have been claiming to work on behalf of DealShaker and the OneLife Network. Please be informed that no other platform, except for DealShaker and its franchisees, and no other company, except for OneLife (or OneCoin) has the right to operate with the DealShaker trademark and the services it provides. 

Be extremely cautious with any information you receive from other companies, individuals or communication channels which are different from the corporate approved ones. If you have any doubts or questions, you can always contact the OneLife teams to get the latest information, related to our projects.

Dear all,

Recently, it has come to our attention that several merchants have started to conduct fraudulent practices outside of the Dealshaker platform which constitutes a high risk of money loss to the people who participate. The deals in question are about sales of gold, real estate properties, motor vehicles and other products of high value. 

Many of the above mentioned  deals are accompanied by a tempting proposal by the merchant – the buyer should transfer his accounts to the merchant and pay part of the deal price outside of the platform in exchange of some expensive good or service. Bear in mind that this practice is strictly forbidden according to the applicable OneLife T&C 18(2). 

Please have in mind that none of those projects/deals are approved or supported by Corporate. If someone has any information about such projects/deals please do not hesitate to inform OneLife Compliance asap, so that we can take measures to stop those fraudulent practices and sanction the wrongdoer accordingly and with an immediate effect.


SPECIFIC LEGISLATION, DEFINING UNFAIR B2C COMMERCIAL PRACTICES

Point 14 of Annex I to Directive 2005/29 / EC of the European Parliament and of the Council of 11 May 2005 concerning unfair business-to-consumer commercial practices in the internal market and amending Council Directive 84/450 / EEC, Directives 97 / 7 / EC, 98/27 / EC and 2002/65 / EC of the European Parliament and of the Council and Regulation (EC) No 2006/2004 of the European Parliament and of the Council (the "Unfair Commercial Practices Directive") must be interpreted in the sense that a promotional pyramid scheme constitutes unfair commercial practice only in the following cases:

- when it requires the consumer to pay a certain amount, regardless how much, thus being granted the right to join the scheme, regardless of whether the consumer is selling/ using products or not.

There is an active bonus program for IMAs, called “Global compensation plan”, which is available on the website. Sales (not the sole fact that someone has joined) are rewarded regardless of whether they are made directly or further down the sales chain. Commission can also be earned by a free enrollee into the OLN system called Rookie. After the completion of each educational level the participants receive a certificate.

- when the participants in such a scheme need to contribute financially.

In the “Global compensation plan” it is stated that the free Rookie package allows members to generate promotional tokens and bonuses from the Network's rewards plan (also known as Fast Start retail commissions) It also provides them with information which is free of charge and helps them understand the project better.
- the last users to join are likely to receive less benefits for their participation that the ones who joined earlier in time.

IMAs who build teams of other IMAs who then make ALS (Advanced Learning Systems) sales earn bonuses. All IMAs are provided with an equal opportunity to earn if they make sales of ALS. The ALS teach about financial markets, global trading and the emerging world of cryptocurrency. 

- when the recruitment is based on the promise that the consumer will be able to benefit economically.

The activity of the IMAs in the Network is supervised by an experienced compliance team. As per corporate policies compliance will sanction IMAs who breach IMA T&C; OLN T&C; and all applicable policies and procedures according to the internal sanction policy. The rules are for everyone – no exceptions. In order to become an IMA, a new applicant is required to read and agree to the terms of the Agreement and the relevant General Terms and Conditions of the Company. Upon notification of his/her acceptance by the Company, the new IMA will be entered into the Company database. As it is written in OLN T&Cs: “The client should neither be convinced to purchase the products through dubious and/or misleading promises nor by promises of special benefits when these are linked to uncertain future outcomes. Furthermore, “an IMA shall not guarantee payments or raise expectations otherwise.“

- when the largest part of the revenue is not a result of an actual economic activity

The company carries out MLM operations with the aim of selling Advanced Learning Systems (ALS).

The ALS consist of courses on financial topics with various levels of difficulty. 

These are as follows:
1. Introduction to finance (Teacher: Mr Angel Marchev); 
2. Risk and Stock Market (Teacher: Mr Angel Marchev); 
3. Forex and technical analysis of financial markets; 
4. Risk management and econometric analysis (Teacher: Mr Joannis Kantartzis); 
5. Behavioral Finance and advanced analysis (Teacher: Mr Numan Ulku); 
6. Behavioral Economics (Teacher: Ms Eva Porras); 
7. IPO process and valuations (Teacher: Ms Eva Porras).

8. The new product are the legal packages, offered by OneAcademy, which give comprehensive information about the legal side of the crypto currency world. They have been written and prepared for the mass public by law professionals with a long-term experience in the field. These courses have been developed as a guide into the world of crypto regulations, the ICO and the integration of the cryptocur-recies into the traditional markets all over the world. The topics covered by the legal packages are: 

1. Legal definition of cryptocurrency
2. Economic evaluation - is it an asset, commodity or something else
3. Cryptocurrency impact on the traditional market.
4. Types of crypto systems
5. Legal implications for the regulators
6. ICO regulations
7. Integration of the cryptocurrency, enabling cooperation with banks and institutions
8. Compliance systems and Tax regime

Each level consists of information about the crypto currency law in 6 different countries - Italy, Germany, Belgium, Bulgaria, Sweden and Norway, classified into sections. Furthermore, each of these countries offers a written handbook, an educational video and/or a presentation on each topic.


DEALSHAKER FRANCHISE COMPLIANCE

General information on how the franchise model functions

1. DealShaker prices are formed in minimum 50 % ONE and 50 % EUR (if EUR part is included in the deal price). The Merchant Bonus is generated every time a buyer redeems/uses a deal coupon from a merchant, registered in your downline. The Merchant Bonus is generated on the basis of the Advertising fee which is applied to the Merchant’s used deal coupons. The DealShaker Advertising fee is 25% of the cash value of the used coupon’s price.

If the merchant is not reluctant to pay that 25 % fee from the EUR part of the price, cannot afford to offer such a large percentage of ONE from the deal price and is also willing to receive the cash part in his wallet and/or bank account, he is allowed to use the discount coupon option. If the merchant chooses to use that option, he/she must be informed to write the exact price and % discount in coins in the title of the deal. The price of the deal has to be just in ONEs (with the discount), while the EUR part should be paid outside the platform to the merchant bank account and/or wallet. A compulsory condition - if the deal is high in value it should be written in the deal description that the EUR part will be provided after the contract agreement has been signed. Buyers should be informed that such deals bear a higher risk because just the discount coupon passes through the DealShaker platform and not the good/service itself. Therefore, the usage of payment methods for the EUR part, such as wallets or payment cards with a refund policy, is highly recommended.

2. We have noticed that franchisee’s agreements have been signed for territories where cryptocurrency and/or their trade is forbidden by law. To all franchisees - please follow our weekly updates for further information regarding the countries which you are responsible for in order not to deliver incorrect information to merchants about when the coin will be traded. We will try to negotiate with such governments, but the outcome is unknown.

3. Information about DS expos - all expos on the territory of the franchisee should first be reviewed and approved by Corporate. For expo requests please send an email to franchise@dealshaker.com. The aim – you will be provided with guidance by the company about whether such an expo is compliant with local legislation, whether it is allowed or not and how it should be organized according to local regulations and the future company plans for the territory in question. The DS expo schedule will be strictly coordinated by Corporate to make sure that no expos are organized on one and the same date. If that happens, it can complicate the expo process both for expo organizers and Corporate.

4. The Franchise agreement is personal and must not be transferred to a second party without the prior written consent of the Franchisor. The sub-franchise should only be taken with prior consent by the franchisor. Bear in mind that we will agree with your choice if it is in corporate’s interest. We are expecting your proposals on what the payment for the sub-franchisee should be.

5. If the franchisee is doing the CDD procedure for a merchant and the merchant seems to be of high-risk or if the franchisee has any doubts or questions, please contact Compliance asap.

6. Will give you soon manual how to calculate turnover fee using DealShaker. Teams are working towards finding a better solution, but for now this will do the job.


THE OFC BUNDLES OFFERING. 2017 OFCs

UPDATED INFORMATION:

Stage 3 of the Mandatory Discount Period is starting tomorrow.

On 8th October, 2019, the next 30% of the coins will be released. The remaining 20% of them will be held for additional 3 months and will receive 15% more coins.

Stage 3 will continue until January 7th, 2020. 

You will receive all new information accordingly.


Information about the 2017 OFCs:

Many of you raised the question about the conversion of 2017 OFCs.

As said months ago the conversion was planned to start in March. In the beginning of this month the conversion of 2017 OFCs has started, and during this month everyone is receiving 20% of the coins they are entitled to.

We have received several complaints about the conversion rate. I know that many of you were expecting a different rate, but there is a reason for this.

I believe that all of you will agree that ONE listed on an exchange is the Company's MOST important goal at the time being. All that we have worked for so hard, all our efforts rely on this event.

Especially now, at this stage of our growth it is crucial to make sure everything goes smooth and to focus on our priorities.

There is no room for the price of the coin to be destabilized. We must manage to maintain stable price of ONE.

The conversion rate of 2017 OFCs to ONE won’t damage the price of the coin and won’t affect the liquidity. Currently everyone is receiving the exact same amount of ONE that they have initially converted.


!NB Due to numerous inquiries by our users, please note that the 2017 OFCs will be converted at the same rate as ONE was converted to OFC. 

The Offering is in the so-called Mandatory Discount Period. Since January 8th participants are able to convert their accumulated OFCs into ONEs.

To all participants in the OFC Bundles Offering - please be informed that you will receive information about the upcoming steps of the process via email!


Useful information about the OFC Bundles Offering:

What is ONE?

The OneCoin cryptocurrency (ONE) is a centralized virtual currency which has been offered exclusively to the user base of the OneLife Network company. The agreement between AHS LatAm S.A. and the OneCoin company is the first of this kind and provides access to the coin to a much larger group of people globally, outside the OneLife Network.

How you can use it?

The OneCoin cryptocurrency is used by a global community, with organic growth of more than 3,5 million users, over the course of 4 years. In contrast with most cryptocurrencies which have not yet been introduced to the market, ONE is utilized by merchants through the DealShaker interactive commerce hub and part of the coins have already been distributed, creating a beneficial environment for companies and individuals willing to use a coin for global, instant and low-cost payments.

For your information

The partnership between AHS LatAm S.A. and OneCoin has partnered in order to create a strong business alliance, building a bridge between corporate and internet users.

If you would like to read all about the OFC Bundles Offering, the information regarding the ONE, stay informed about the whole process and all its specifics by clicking on the "Go to Webpage" button below.

On the website of the coin, you are able to find crucial reading materials regarding the offering, information about how to participate and everything necessary you need to know. 

Stay informed and become part of the innovation!*

*Special thanks to the team of professionals behind the OFC Bundles Offering for providing us with all the latest updates!

Go to Webpage


*NEW - COINSAFE USER MANUAL*

Due to the recent requests by our users for a refresh of the information about how to get the best of CoinSafe functionalities, our Support Experts have prepared a short guideline.

The new manual is available here: 
Back office ->Information Center ->Resources -> IMA Tools


THE NEW ONEACADEMY USER MANUALS

Here you are able to find the short manuals on how to access all educational courses in OneAcademy including the Legal and OneForex packages. 

Find the new handbooks in: 
Back office ->Information Center ->Resources -> IMA Tools


***NEW COMPLIANCE UPDATE***

Here is some useful information on how important it is to have a written contract.

In the 21st century, professionals are all too aware of the long history of deal-breaking and lawsuits that have taken place all around them.

Contracts are important because they outline expectations for both parties and protect both parties in case those expectations aren't met. 

Hopefully, you’ll never have to take legal actions based on the contract which means the project will end eventually, but to take preliminary precautions is always the best thing to do.

Contracts are compulsory as they:

- provide proof of details

- prevent misunderstanding from arising

- provide security and peace of mind

- serve as an official record of the agreement

Don’t forget - both parties should keep a copy of the contract as a file for several years in case an issue arises later on!


COMPLIANCE - GENERAL INFORMATION >>


Do's and dont's!

FOLLOWING GOOD COMMERCIAL PRACTICES!

DOs and DONTs

DO

  • Return policy should be visible, in accordance to the law and should be offered for acceptance during the order process. Refund all costs in case customers use their right to cancel a purchase or return goods, including the costs charged for payment and delivery, in accordance with clearly stated return policy. Make sure you mention that the customer bears the direct costs of returning goods, unless agreed otherwise. If not mentioned, the merchant has to bear those costs
  • Refund all costs in case customers use their right to cancel or withdraw an order. This includes the costs charged for payment and delivery, except the cases when a specific method of delivery is requested by the customer
  • State the price clearly, including VAT, so you don’t misinform the customer. You may also state the price without VAT put next to it, in order to inform customers which have the right to deduct VAT. 
  • Online sellers must treat all EU consumers equally regardless of where they choose to shop from, but it would be best if you know that and don't take the specific market characteristics into consideration as this can determine the merchant behavior.

The Top 10 countries which mostly shop online is as follows: Hong Kong, Norway, Israel, the United States, Denmark, the United Kingdom, Switzerland, Finland, Sweden and Ireland.

  • Recognize the fact that monthly average wages differ on a global scale, thus the potential financial ability of buyers. 

Here are some examples of a net salary in EUR:

Belgium - 2170
Netherlands - 2152
Germany - 2409
Sweden - 2458
Norway - 3452
Finland - 2509
Switzerland - 4502
Liechtenstein - 4887
Macedonia - 410
Bulgaria - 497
Georgia - 288
Azerbaijan - 223
Armenia - 294
Moldova - 266
Ukraine - 329
Serbia - 470
Montenegro - 512
 
  • Adhere to existing e-commerce rules and regulations and bear in mind that they differ in every country

Case studies

In the EU, Iceland, Lichtenstein and Norway - if you bought a product or a service online or outside of a physical shop (by telephone, mail order, from a door-to-door salesperson), you also have the right to cancel and return your order within 14 days, for any reason and without a justification (cooling-off period)

Globally, consumers must rely on the law of the country in which the trader is based. For consumers buying products or services from online retailers, based outside the EU, there is no harmonized set of consumer protection requirements. Each country has its own set of rules to adhere to.

Consumers in Brazil have the so-called ‘right to regret’. China consumers, on the other hand, have the right to cancel the purchase within 7 days following the receipt of the goods. 

As for Japan - customers there have the Right to cancel within 8 days, following the receipt of the goods, but this right could be withdrawn by the trader if they have explicitly specified in their T&Cs.  

Powershopping (or co-shopping) describes an accumulation of customers that is gathered through the internet in order to buy goods or services at a reduced price. It is not clear how such practices will be treated in all EU countries, however on 12th October, 2000, a German court - Landsgericht Köln, has ruled that the practice of "power shopping", by which online shoppers obtain bigger discounts.

DON'T

  • Put higher prices than the ones in the physical store
  • Have a rigorous or complicated procedure of returning a product
  • Use a delivery service that only operates in a limited delivery area
  • Use complicated and unreliable payment methods


OneLife Network Newsletter Oct 7th, 2019

The latest corporate PROMOTIONS, NEWS AND MATERIALS are released every Monday at 18:00 EET (Sofia time)!
 

Let's catch up on this week's updates:

  • Last chance to spin the Wheel!
  • New franchisees wanted
  • Franchisees' training and a meeting for LatAm coming up this month
  • Merchant Shout out - Pakistan
  • Next DS Expo Destination - Mongolia
  • Turnover fee - from 1st November 
  • Stage 3 of the MDP of the Coin Offering starts tomorrow
  • Useful Manuals - OneAcademy/OneForex, Legal Courses and CoinSafe - new manual

Find out all about the latest promos and expos and events in the last 7 days in the ONLY reliable, corporate source of information!


WHAT IS THE ONELIFE NETWORK?

The OneLife Network (OLN) is a growing global network that was born out of the OneCoin cryptocurrency brand. The Network has a digital platform with a unique portfolio of sophisticated products and social networking tools that help members achieve financial independence. Members enjoy access to an array of e-learning programs that help them apply financial theory to practice.

Want to find out more about the OneLife Network and the OneCoin cryptocurrency? Now you learn more IN 18 DIFFERENT LANGUAGES!

CHECK OUT THE LINKS BELOW TO WATCH THE VIDEO IN: 

• English • Chinese • Spanish • French • Portuguese • Italian • Turkish • Arabic • Romanian 
• Danish • Russian • German • Swedish • Hungarian • Polish • Norwegian • Japanese • Korean •

OneLife Video Presentation. The Future of Payments [ENG]


LAST CHANCE TO SPIN THE WHEEL!

Don't forget - the Wonder Wheel is going to be active until the 10th October, 23:59 GMT.  

This promotion gives you the opportunity to receive extra promotional tokens with your packages – a 25%, 50% or 100%. The Tokens will be obtained with the activation of the packages you choose!
 
Take your turn and spin the wheel!


MERCHANT SHOUT OUT!

We are proud to share that the initiative Merchant Shout out has become extremely popular among DealShaker Merchants and Buyers.

We are happy to constantly receive positive feedback for the Merchant section and more and more merchant stories keep coming in our mailbox. Keep sending us your thoughts, stories and suggestions! We will continue to give tribune to the best merchant stories. This is our way of saying "Thank you!"

How can we motivate people to become even better than they think they can? 

As you know DealShaker is the project everybody is currently interested in. As an alternative for increasing the value of ONE, exercising its usability and encouraging others to join, the platform is a great commercial hub for merchants, users and crypto enthusiasts. Here comes our latest mission - to encourage the newest merchants that are highly motivated and eager to make an amazing performance and achieve more and also to help them become popular on the DealShaker platform.

How can you contribute to the New merchant Shout out?

We are going to expect suggestions for new merchants to be popularized or to be given a shout out in the upcoming newsletters or our Facebook page. The merchant can be associated with tourism, hospitality, food and drink, beauty, health or any area you think significant. The merchants have to be in a populous area or tourist destination all over the world. 

It is a pleasure for us to present the next amazing country with tempting deals and hard-working merchants:

Pakistan,

the country with breathtaking landscapes, rich culture, inspiring history and warm-hearted people.

Or, as described by gulfnews.com, quote: "Pakistan has been ranked the world’s top travel destination for 2018 by the British Backpacker Society, which described Pakistan as “one of the friendliest countries on earth, with mountain scenery that is beyond anyone’s wildest imagination”.

Multicultural, exotic and colorful - Pakistan has it all:

- its diverse cuisine offers to the visitor a gastronomic experience like to other.
- the country's architectural and arts' legacy is known and admired worldwide
- Pakistan exports a wide variety of goods on an annual basis - rice, furniture, marble, clothing, seafood, etc.
- education, culture, sports - there is something both for the body and the soul
-  and it's a true inspiration for fashion lovers, too

The diversity of Pakistani deals and merchants on the DealShaker platform is also remarkable. 

Have a look at some of them down below. 

*Special thanks to the DealShaker Team in Pakistan!

As previously said, if you are crazy about fashion and high-quality fabrics, you can not miss this deal. The merchant Arshadh110 has some really beautiful clothes to offer to the ladies

and the merchant Alrahmah has also specialized in clothing but for the gentlemen.

And speaking of fabrics, make sure you always purchase high-quality bed sheets, thus getting a good night's sleep - like the ones that the merchant Qaisarmehmood735 offers. 

The list of great deals goes on and on - books (yasirbilal138), brochure design (Asfar381), selling of phones (javedshah786) and so on. 

Find these and other amazing Pakistani merchants on the one and only - DealShaker.com 


DEALSHAKER EXPO DESTINATIONS

Time for а change and exciting, new things are just around the corner!

OneLife begins a brand new initiative which aims to educate, entertain and inform both merchants and users of the DealShaker platform about big upcoming expos all over the world. 

We will need your assistance, of course!

If you would like to give your long-awaited event a shout out in the newsletter, please send us details about the event at franchise@dealshaker.com! Include interesting facts about:

  • The expo
  • Location
  • Number of merchants (should be above 100 merchants)
  • Everything you consider important to be mentioned

MONGOLIA

The next expo destination will blow your mind! 

Today we are going to beautiful Mongolia - land of the brave! 

Team Mongolia would like to invite all members and merchants to the capital of Mongolia, the warm and welcoming Ulaanbaatar city, to its very first DEALSHAKER EXPO.

The Expo there will take place on November 2nd and 3rd. The two-day event will be packed with talks and training sessions by leading experts in the field, networking opportunities, as well as an exhibition of goods and services from DealShaker registered local and international merchants.

Here is the program for the Expo:

November 1, 2019 - Arrival and accommodation of international guests

November 2, 2019  - Conference Day  

08.00 – 09.30 Registration
10.00 - 13:00 Conference, training
13.00 – 14.00  Lunch Break
14.00 – 17.00 Conference, training
Lucky draw

10:00 – 17.00  ‘Open Door Day’, questions and answers
19.00  Gala Dinner
 
 November 3, 2019  - Expo Day

10:00 – 16:00  DealShaker Expo
Advertising and promotional events of merchants’ products and services
15:00 – 17:00  VIP meetings
EVENTS @ SHOWROOM: Visual presentation of OneLife Business in Mongolia
 Presentation of  “Ecomir” eco-town.

10:00 – 17.00  ‘Open Door Day’, Questions and answers
15.00: 17.00  - The  VIP conference will bring together country’s leading economists and politicians for an insightful discussion on current economic and legal state of the crypto currency and its future trends, with special focus on possible ways to build a collaborative relationship with Mongolia’s government.
19.00  Gala Dinner

November 4th will offer all curious visitors a special surprise - a Chinggis Khaan Tour. (kindly contact the organizers for more details if you wish to join the tour)

See you in Mongolia!


***REMINDER***

A quick reminder to all the new merchants and their sponsors:

As a token of gratitude for the hard work and amazing effort, OneLife and DealShaker have some special surprises for all the new merchants, first deals and their sponsors:

 
• a new merchant will be granted 100 tokens -> this is valid for every FIRST merchant account approved (received ONCE)

• first deal approval will be granted 100 tokens to the merchant (received ONCE)


INCREASE IN TOKENS

 
The sponsor of the newly approved merchant on DealShaker will be granted 500 tokens instead of a 100 as it has been until now.
 

We are expecting the new season to bring the most exciting new deals in the most adventurous places!

Stay tuned!


NEW SECTION: - DEALSHAKER FRANCHISE UPDATES

FRANCHISE TRAINING AND LATAM MEETING

The next consecutive DealShaker Training for franchisees is coming up in October! This training is organized exclusively for all of you who did not manage to attend the last DealShaker training in June or have been selected a franchisee in the last three months. 

Date, time and exact location are soon to be agreed upon and corporate will inform the Franchisees with an official invitation with all the details.

Stay tuned and prepare to learn! #education #TogetherForMore

One more update for the upcoming weeks of October – a meeting will be held at the Sofia office with the aim to discuss the new corporate strategy for Latin America. As you might already know currently there is an ongoing selection of the best of the best IMAs who will become Regional Distributors for LatAm. 

Exact date and time of the meeting coming up, stay tuned!

***
We would like to welcome aboard the three newly-elected DealShaker Franchise holders.
MongoliaMalta and Mexico
- Thank you for taking the initiative and becoming part of a great adventure!
And don't forget about the ongoing election campaign:

***


FRANCHISEES WANTED!

Dear all,

According to recent updates about which territories the Exchange platform is going to operate on, DealShaker will be needing its new franchise representatives for the following countries:  

o    Peru
o    Chile
o    Paraguay
o    Guyana
o    Montenegro
o    Lebanon
o    Netherlands 
o    Slovakia
o    Slovenia 

If you think you know the perfect candidate for the job – dedicated, hard-working and, of course, matching all of the franchise criteria, do not hesitate to let them know we are seeking new franchisees! All applications should be sent to franchise@dealshaker.com  


CRITERIA FOR NEW FRANCHISEES

Please get familiar with the general criteria for the approval of new franchise holders.

Exceptions shall apply if the company does not receive an application from a suitable candidate who is in full compliance with the requirements listed below:

  • franchise holder’s current whereabouts are in the area of the Franchisee’s business activity
  • proven business management background (clean business background - no bankrupt or insolvent/ in liquidation company/ies)
  • proven clean criminal record
  • proven OLN MLM background
  • no sanctions for violation of OLN T&C and all applicable policies and procedures
  • franchise holder is not under compliance monitoring
  • proven track record with a variety of activities for the popularization of the ONE Ecosystem
  • proven track record of popularizing OLN’s mission and values; training users of how to put them to good use in their team’s everyday work
  • conducting business activities and day-to-day operations which are compliant with local legislation
  • being familiar with specific DealShaker T&Cs, CDD and AML/CFT policies and procedures
  • be fully aware that signing the Franchise contract is a big responsibility and treat his/her new role seriously
  • have a clear concept of how to apply his/her sale strategy to the specific target market and its users

Other criteria related to logistics, technical background and similar experience will be taken under consideration when taking the decision for the next franchisees.

Make sure you send us the following – username, reason why you think you are a suitable candidate, CDD of the individual and the company, additional information if explicitly requested by corporate.

Selling Shares from DealShaker Franchisee’s companies

Please be informed that the DealShaker Franchisee model is Intuitu personae (Because of the person). This means that any sells of shares from the DealShaker Franchisee company by current franchisees are totally unacceptable and they are NOT approved by the parent company. 

Selling shares from the company that holds the DealShaker franchise, can lead to an immediate replacement of the person, chosen by the company as a franchisee. Such a sale is considered a fraud, especially when the seller misleads the buyers that shares from the company, holding the  franchise, are equal to buying shares from the DealShaker company itself. 

Please be informed that the parent company grants specific rights to the franchise holder for the terms explicitly written in the contract, but those rights can be canceled if a serious violation is proven.

We will not get tired to repeat and remind: Everyone, please, think twice before accepting such “business proposals” because the companies that hold the franchise are separate legal entities that exist independently from the DealShaker platform. 

If you have any doubts or questions, please contact our teams and ask. Better safe than sorry!

Resource center - All New Franchise Training Presentations, Fees and Procedures

Approval procedure of merchants and Deals for DS Expos
 

DealShaker expo, by definition, is an event with more than 50 merchants. If an event has less than 50 merchants it is called ‘A local bazar’.

All DealShaker Expo proposals go to the Franchisee, first! Then the franchisee sends the proposal to franchise@dealshaker.com for approval.

If there is a merchant with merchant account from a different country that the country the expo is taking place, the Franchisee responsible for deals approval, contacts the franchisee the merchant is from via email for the merchant account and/or deals approval.

The franchisee in that country the merchant is from must collect the necessary fees and review the deals.

If there is no Franchisee in that county the merchant is from, all the deals must be approved by corporate and sent to the Dealshaker support for approval.


DealShaker marketing materials are available for the franchisees in the backoffice. 

TURNOVER FEE UPDATES


Please be informed that the implementation of a turnover fee has been postponed – from October 1st to November 1st.


INDIVIDUAL SELLERS vs. REGISTERED BUSINESSES

Dear all,

Recently, we have noticed that some of the franchise holders have been giving out to their teams definitions of what exactly registered businesses and individual sellers are. Their effort and team spirit is worthy of admiration but the issue here is that all definitions must be unified and approved by compliance prior to being disseminated among DealShaker users. Otherwise, explanations of those terms that vary could lead to a breach of the principle of equal treatment.

To help clear out the confusion, here are some basic examples which you can use in your everyday work and train your people:

- if you are selling off your old possessions which don’t want and need anymore - you are a private seller
- if you purchase products with the idea to resell them later - you are running a business and you must be registered as a business, as per Amazons’ T&Cs, for example

On the contrary – as per DealShakers’ T&Cs both those categories are defined as individual sellers.

If you are a business owner with a private company, the deals you upload are typical for your business activity and they are run as a regular occupation, then you need to establish a merchant account as a registered business. 


IMPORTANT DEALSHAKER UPDATES

Dear all,

It has come to our attention that recently merchants, working on other platforms have been claiming to work on behalf of DealShaker and the OneLife Network. Please be informed that no other platform, except for DealShaker and its franchisees, and no other company, except for OneLife (or OneCoin) has the right to operate with the DealShaker trademark and the services it provides. 

Be extremely cautious with any information you receive from other companies, individuals or communication channels which are different from the corporate approved ones. If you have any doubts or questions, you can always contact the OneLife teams to get the latest information, related to our projects.

Dear all,

Recently, it has come to our attention that several merchants have started to conduct fraudulent practices outside of the Dealshaker platform which constitutes a high risk of money loss to the people who participate. The deals in question are about sales of gold, real estate properties, motor vehicles and other products of high value. 

Many of the above mentioned  deals are accompanied by a tempting proposal by the merchant – the buyer should transfer his accounts to the merchant and pay part of the deal price outside of the platform in exchange of some expensive good or service. Bear in mind that this practice is strictly forbidden according to the applicable OneLife T&C 18(2). 

Please have in mind that none of those projects/deals are approved or supported by Corporate. If someone has any information about such projects/deals please do not hesitate to inform OneLife Compliance asap, so that we can take measures to stop those fraudulent practices and sanction the wrongdoer accordingly and with an immediate effect.


DEALSHAKER FRANCHISE COMPLIANCE

General information on how the franchise model functions

1. DealShaker prices are formed in minimum 50 % ONE and 50 % EUR (if EUR part is included in the deal price). The Merchant Bonus is generated every time a buyer redeems/uses a deal coupon from a merchant, registered in your downline. The Merchant Bonus is generated on the basis of the Advertising fee which is applied to the Merchant’s used deal coupons. The DealShaker Advertising fee is 25% of the cash value of the used coupon’s price.

If the merchant is not reluctant to pay that 25 % fee from the EUR part of the price, cannot afford to offer such a large percentage of ONE from the deal price and is also willing to receive the cash part in his wallet and/or bank account, he is allowed to use the discount coupon option. If the merchant chooses to use that option, he/she must be informed to write the exact price and % discount in coins in the title of the deal. The price of the deal has to be just in ONEs (with the discount), while the EUR part should be paid outside the platform to the merchant bank account and/or wallet. A compulsory condition - if the deal is high in value it should be written in the deal description that the EUR part will be provided after the contract agreement has been signed. Buyers should be informed that such deals bear a higher risk because just the discount coupon passes through the DealShaker platform and not the good/service itself. Therefore, the usage of payment methods for the EUR part, such as wallets or payment cards with a refund policy, is highly recommended.

2. We have noticed that franchisee’s agreements have been signed for territories where cryptocurrency and/or their trade is forbidden by law. To all franchisees - please follow our weekly updates for further information regarding the countries which you are responsible for in order not to deliver incorrect information to merchants about when the coin will be traded. We will try to negotiate with such governments, but the outcome is unknown.

3. Information about DS expos - all expos on the territory of the franchisee should first be reviewed and approved by Corporate. For expo requests please send an email to franchise@dealshaker.com. The aim – you will be provided with guidance by the company about whether such an expo is compliant with local legislation, whether it is allowed or not and how it should be organized according to local regulations and the future company plans for the territory in question. The DS expo schedule will be strictly coordinated by Corporate to make sure that no expos are organized on one and the same date. If that happens, it can complicate the expo process both for expo organizers and Corporate.

4. The Franchise agreement is personal and must not be transferred to a second party without the prior written consent of the Franchisor. The sub-franchise should only be taken with prior consent by the franchisor. Bear in mind that we will agree with your choice if it is in corporate’s interest. We are expecting your proposals on what the payment for the sub-franchisee should be.

5. If the franchisee is doing the CDD procedure for a merchant and the merchant seems to be of high-risk or if the franchisee has any doubts or questions, please contact Compliance asap.

6. Will give you soon manual how to calculate turnover fee using DealShaker. Teams are working towards finding a better solution, but for now this will do the job.


THE OFC BUNDLES OFFERING. 2017 OFCs

UPDATED INFORMATION:
Stage 3 of the Mandatory Discount Period is starting tomorrow.

On 8th October, 2019, the next 30% of the coins will be released. The remaining 20% of them will be held for additional 3 months and will receive 15% more coins.

Stage 3 will continue until January 7th, 2020. 

You will receive all new information accordingly.


Information about the 2017 OFCs:

Many of you raised the question about the conversion of 2017 OFCs.

As said months ago the conversion was planned to start in March. In the beginning of this month the conversion of 2017 OFCs has started, and during this month everyone is receiving 20% of the coins they are entitled to.

We have received several complaints about the conversion rate. I know that many of you were expecting a different rate, but there is a reason for this.

I believe that all of you will agree that ONE listed on an exchange is the Company's MOST important goal at the time being. All that we have worked for so hard, all our efforts rely on this event.

Especially now, at this stage of our growth it is crucial to make sure everything goes smooth and to focus on our priorities.

There is no room for the price of the coin to be destabilized. We must manage to maintain stable price of ONE.

The conversion rate of 2017 OFCs to ONE won’t damage the price of the coin and won’t affect the liquidity. Currently everyone is receiving the exact same amount of ONE that they have initially converted.


!NB Due to numerous inquiries by our users, please note that the 2017 OFCs will be converted at the same rate as ONE was converted to OFC. 

The Offering is in the so-called Mandatory Discount Period. Since January 8th participants are able to convert their accumulated OFCs into ONEs.

To all participants in the OFC Bundles Offering - please be informed that you will receive information about the upcoming steps of the process via email!

Useful information about the OFC Bundles Offering:

What is ONE?

The OneCoin cryptocurrency (ONE) is a centralized virtual currency which has been offered exclusively to the user base of the OneLife Network company. The agreement between AHS LatAm S.A. and the OneCoin company is the first of this kind and provides access to the coin to a much larger group of people globally, outside the OneLife Network.

How you can use it?

The OneCoin cryptocurrency is used by a global community, with organic growth of more than 3,5 million users, over the course of 4 years. In contrast with most cryptocurrencies which have not yet been introduced to the market, ONE is utilized by merchants through the DealShaker interactive commerce hub and part of the coins have already been distributed, creating a beneficial environment for companies and individuals willing to use a coin for global, instant and low-cost payments.

For your information

The partnership between AHS LatAm S.A. and OneCoin has partnered in order to create a strong business alliance, building a bridge between corporate and internet users.

If you would like to read all about the OFC Bundles Offering, the information regarding the ONE, stay informed about the whole process and all its specifics by clicking on the "Go to Webpage" button below.

On the website of the coin, you are able to find crucial reading materials regarding the offering, information about how to participate and everything necessary you need to know. 

Stay informed and become part of the innovation!*

*Special thanks to the team of professionals behind the OFC Bundles Offering for providing us with all the latest updates!

Go to Webpage


*NEW - COINSAFE USER MANUAL*

Due to the recent requests by our users for a refresh of the information about how to get the best of CoinSafe functionalities, our Support Experts have prepared a short guideline.

The new manual is available here: 

Back office ->Information Center ->Resources -> IMA Tools


THE NEW ONEACADEMY USER MANUALS

Here you are able to find the short manuals on how to access all educational courses in OneAcademy including the Legal and OneForex packages. 

Find the new handbooks in: 
Back office ->Information Center ->Resources -> IMA Tools


***NEW COMPLIANCE UPDATE***

Here is some useful information on how important it is to have a written contract.

In the 21st century, professionals are all too aware of the long history of deal-breaking and lawsuits that have taken place all around them.

Contracts are important because they outline expectations for both parties and protect both parties in case those expectations aren't met. 

Hopefully, you’ll never have to take legal actions based on the contract which means the project will end eventually, but to take preliminary precautions is always the best thing to do.

Contracts are compulsory as they:

- provide proof of details

- prevent misunderstanding from arising

- provide security and peace of mind

- serve as an official record of the agreement

Don’t forget - both parties should keep a copy of the contract as a file for several years in case an issue arises later on!


COMPLIANCE - GENERAL INFORMATION >>


Decentralized Exchanges VS Centralized Exchange

‘Centralization’ isn’t a 'DIRTY' word in the cryptoworld

In the cryptocurrency world, definitions and terminology acquire different meanings each day due to high speed dynamics in the industry and refinement of technologies.

Decentralized Exchanges VS Centralized Exchange

A decentralized exchange is an exchange marketplace where parties do not rely on third-party service to hold the customer's funds and trades occur directly between users (peer to peer) via an automated process.

List of examples of decentralized exchanges:

1. Bitsquare http://www.bitsquare.io
2. BlackHalo http://blackhalo.info
3. Coinffeine http://www.coinffeine.com
4. Blocknet http://blocknet.co
5. EtherDeltahttps://etherdelta.com/
6. IDEX https://idex.market/eth/idex,
7. HADAX 
https://www.huobi.br.com/en-us/

Decentralized exchanges are anonymous thus do not comply with regulations if any are applicable. Users control their own funds. Unless the user’s laptop/computer has been hacked. Then, the funds can vanish.  The benefit of using a decentralized exchange is that there is no need to put any trust in the exchange platform itself, as the funds are held by the user in a personal wallet, rather than with a third party. Decentralized exchanges are resistant to security problems that affect other exchanges, but as of mid-2018 suffer from low trading volumes. The liquidity and market depth of these exchanges are still quite low. (Liquidity refers to the extent to which a market allows assets to be bought and sold at stable prices. Lower liquidity tends to result in a more volatile market (especially when large orders are placed, whereas higher liquidity creates a less volatile market, and prices do not fluctuate quickly.

A centralized exchange is a digital marketplace which handles trading of crypto to fiat or other cryptocurrencies.

List of Centralized Exchanges:

  1. Poloniex http://www.poloniex.com
  2. Bittrex http://bittrex.com
  3. Simplefx http://simplefx.com
  4. CEX http://cex.io
  5. BTC-E http://btc-e.nz
  6. Coinbase https://www.coinbase.com/
  7. Kraken https://www.kraken.com/
  8. Binance https://www.binance.com/en

Indeed, one of the most crucial blockchain transactions, converting from fiat to cryptocurrency, still require a centralized exchange. Trades between crypto and fiat currencies like the Euro or the U.S. Dollar, for instance, cannot be exchanged on a Decentralized exchange.

This is a requirement when the trading must be compliant with know-your-customer (KYC) and other regulations. However, centralized exchanges are so because they put their own company’s representatives in control.

More specifically, centralized exchanges take on the role of custodians of users` funds. The counterparty risk of centralized custody of their assets is significant.  This is the reason those entities must be banks and qualified custodians (with third party fund management license).
 
These processes must be designed to keep their clients’ assets safe from loss or theft, and these entities must be heavily regulated and controlled.

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