In spite of my pessimism about OneCoin (further discussed in OneCoin Status below), it is well worth your migrating your Onecoins to the new website... You have nothing to lose, and who knows, OneCoin might surprise us all and survive and thrive (but don't hold your breath).
To learn how to migrate your coins, click here:
In my view, although you can use your Onecoins to purchase goods and services on DealShaker.com (discussed further below, with caveats), it's unlikely that we will ever be able to actually sell our Onecoins on an exchange because the Oneline organization has not announced any plans to introduce OneCoin onto an open public exchange. (They had been promising this since 2015, but they don't even fake it anymore.)
I highly doubt this because mining new coins is low cost at first but it progressively becomes more difficult, meaning it requires a great deal of processing to include not just huge banks of computers whizzing away, but also the tremendous electricity expense.
For example, it currently costs over $8000 to mine just one single Bitcoin.
To put it in perspective, after ten years of thousands of entities mining Bitcoins, there are only 18 million mined so far! And OneLife claims that they have created 250 Billion coins -- with a B -- in just a few months? Over 12,000 times more coins than Bitcoin?
Implausible!
So why would OneLife keep OneCoin "propped up"?
My conjecture: I think they are trying to keep DealShaker alive because they have a tremendous infrastructure in many countries, and OneLife gets commissions on each sale they make.
They could go for years and years without a true blockchain or to introduce OneCoin onto a publicly traded exchange because they can reap years of profits for OneLife and DealShaker merchants, which I'll discuss below...
Even if OneCoin never is traded on an exchange, merchants can use DealShaker to market their products worldwide to OneCoin holders.
"How can that be?" You ask.
Why would merchants continue to sell on Dealshaker if they never can cash in their accumulated Onecoins received as payment for goods and services?
Let's analyze that...
When merchants offer their goods on the DealShaker website, they are required to accept a certain portion of the payment to be with Onecoins (let's say 30% for example) and the remainder must be paid with fiat money .
Although an individual merchant may never be able to redeem those Onecoins, in many cases (particularly if it's a product which does not have a set price... examples are jewelry or bedspreads, etc.), I think they could jack up their price sufficiently that they receive a reasonable profit. They can attract OneCoin holders to the "good deal" they are getting because they are using some of their Onecoins... A sale which they might not otherwise have made.
For example:
Let's say you are a DealShaker merchant and you want to sell a product worth $100 and your cost is $70. You offer it for sale for $130 on DealShaker and you'll sell it for a total of $90 cash plus $40 in Onecoins. The buyer is attracted because she is getting to use $40 of her Onecoins.
In reality, she's getting a $10 discount ($100 - $90), and the merchant is getting a sale which he might not otherwise have gotten, with a profit of $90-$70 = $20 (assuming he will never get to redeem the $40 in Onecoins).
All the while, she could have bought it -- in that price range of the actual fiat dollars paid -- on Amazon from a merchant which has 4 or 5 star ratings, and you can return it without hassles.
You yourself may be inclined to use your Onecoins to purchase items on DealShaker. My only advice is:
(a) Determine what the true value is of the item... Is it sold elsewhere, such as on Amazon, for about the same price? Or is it an item in which you can't really compare so you can see what it's really worth the fiat dollars you will be paying?
(b) Look at the fine print. Often I hear people say you can buy a car for 100% Onecoins. But then the fine print may say you have to provide a deposit with fiat money and the deal cannot be consummated until OneCoin goes onto an exchange... Which may be never. So what happens to your deposit??
With those caveats in mind, you may find deals which may interest you. I have not been able to find anything I wanted to buy.
I was interested in condos for sale in Brazil, but (a) the price was way, way higher than the market price for the same condos in the same building and (b) it required a large deposit which I would never get back if OneCoin never was introduced onto an exchange so that the sellers could cash in those Onecoins.
Again, this is just my conjecture. We'll see what happens in reality... Will a real OneCoin blockchain be developed, and therefore able to be put on a public exchange? I am pessimistic, based not just the implausability of the 250 Billion coin claim, but also on the following...
For background on my pessimism, you can read a series of articles I wrote in 2019 as a result of FBI findings:
Some of you took advantage of this: Match Your Onecoins to Unica Coin for Free by 31 May 2020
If so, then you could Claim Your Unica Coins
If not, disregard.
I am not active in my Unica account... I will let it sit there for many, many months to see if it ever amounts to anything. If it does, I'll wake us all up.
Then click here: