Konstantin Ignatov, representative of the famous OneCoin or OneLife pyramid system, announced the creation of the Global Leadership Group (GLG) of investors in Argentina , an initiative that also confirmed that the OneCoin platform will only be ready in 2019. Say no to plagiarism. Get a tailor-made essay on “Why violent video games should not be banned”? Get an original essay At an event led by Ignatov and held in Argentina, it was confirmed that the OneCoin platform will not go public on the 8th October as planned, but at an unspecified date for 2019. This is due to the new projects that the program claims to have in Latin America, which mainly target Argentina. OneCoin has decided to launch a new Global Leadership Group (GLG) in Latin America, a project that guarantees that it will offer individual investors a relevant position in the company. The group also announced an Initial Foreign Exchange Offering (ICO) in the region, which will feature 4 stages of selling certain OFC points. This new ICO is another layer of virtual point sales within the pyramid scheme, as the OFC precedes the marketing of “OneCoin points”, which are also a way to finance the launch of a so-called token, according to the statements of the representatives of the system. In other words, these financing tools have no clear operation or equivalence, beyond their monetary contributions to the OneCoin group since 2014 - the year in which the group's first investments began. Likewise, it was also announced that this initial currency offering began its first stage on September 8. However, its last round is expected to end on January 7, 2019, dates which confirm that the OneCoin currency will not be activated. Additionally, the event included detailed information on new OneForex platforms details, the company's training and education program, as well as social media updates, auctions and a new engine research for the online trading tool, DealShaker.LATIN AMERICA: THE UNTAPPED TERRITORYAs if that wasn't enough, Ignatov not only spoke about OneCoin's new launches, but also about its legal status around the world. The representative said that investigations by German authorities in early April 2017, which generated a wave of frozen accounts associated with Onecoin, found "nothing wrong with OneCoin." He also claimed that "an unnamed IT group" had confirmed that OneCoin had "all the characteristics of a blockchain," evidence presented by Ignatov in a document signed by the group. Some Internet users believe that OneCoin's move to Latin America, and more specifically to Argentina, is due to a decision by the company to attract new investors given the collapse it suffered last year. last. Keep in mind: this is just a sample. Get a personalized article from our expert writers now. Get a custom essay Due to the constant investigations carried out against the group in Europe, through German and Swedish authorities, many media have denounced that the project could be a pyramid operation, joining account closures, alerts and demilitarization in Asia, led by Singapore and China. OneCoin has seen a considerable drop in investors and financial collapse in recent months.