V-One – VONE ICO Cold Storage Device Cryptocurrency Wallet?

Source : V-One – VONE ICO Cold Storage Device Cryptocurrency Wallet?
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V-One claims to be the first ICO that gives you control over your funds. Find out how it works today in our review.
What is V-One?
V-One, found online at V-One.io, is a lending system based around the use of Vone Coins. The platform was announced in late November 2017. A pre-sale took place earlier in the month, with a general ICO scheduled for December 10.
Right away, you’ll notice a number of red flags about Vone telling you that it may be a scam. First, the company is selling tokens for less than $1 USD apiece today, but the company claims tokens are expected to be worth “$20 to $70+” at launch. That would mean 70x profit within months for investors.
The company also has a lending platform that guarantees you over 1% ROI per day, every day.
Typically, when you see lending platforms and expected token prices, that means you’re dealing with an ICO scam. Let’s take a closer look at Vone to see if it’s really a scam – or if it’s a legitimate business opportunity.
How Does V-One Work?
V-One doesn’t seem to have any product or service. Just like , Hextra, Regalcoin, and similar crypto scams, the only “product” is some type of lending scheme.
That lending scheme promises to pay you a ridiculously large ROI every day. That ROI is guaranteed. All you need to do is lock your funds within the company, and they’ll pay you 1% or more per day.
The company never explains who’s borrowing the money, or why anyone would take out a loan at such an enormous interest rate. In any case, here’s how the “investment packages” and “lending plans” break down:
$100 to $1,000: 0.35% ROI per day for 199 days + company profit shares
$1,010 to $5,000: 0.45% ROI per day for 179 days + company profit shares
$5,010 to $10,000: 0.65% ROI per day for 129 days + company profit shares
$10,010 to $100,000: 1.10% ROI per day for 99 days + company profit shares
As you can see, the company will reward you for giving more money to the platform. The more money you lock up today, the bigger your returns will be. We’ve seen investment scams use this tactic before to persuade people to lock up the maximum amount of money possible. Vone claims that it’s possible to withdraw your money during the lending period, although you’ll pay a large fee.
It’s not totally clear what Vone means when it says “company profit shares”. However, the company will pay you daily interest in addition to those company profit shares.
Ultimately, when someone claims to pay you 1% interest per day, guaranteed, over a long period of time, it’s a 100% sign you’re being scammed. There are no legitimate investments that offer returns like this. It means you’re participating in a Ponzi scheme or investment scam.
V-One Pyramid Scheme
V-One has a pyramid scheme that they call a referral system. You get 5% commissions on level 1, 3% on level 2, and 1% on level 3.
After you open your Vone account and pay for your membership (by making a deposit), you’ll get a referral link. You can share that link with people to make more money.
The V-One ICO
The V-One ICO began with a pre-ICO at $0.10 per token. It’s unclear when that pre-ICO took place, or how many people participated in the token sale. There’s no information about the pre-ICO online, and the company was just announced in late November. The company claims the pre-ICO took place on November 29 and instantly sold out – although this seems unlikely considering the company was unknown until November 29 (the date they posted an announcement thread: https://bitcointalk.org/index.php?topic=2485920.0 on the Bitcointalk forums).
In any case, Vone claims to have sold 6.1 million tokens during this mysterious pre-ICO period. Now, you have an opportunity to purchase tokens during a general ICO. The tokens are priced 10 times higher during the general ICO, priced at $1 per token.
2.1 million tokens will be sold in the ICO, which starts on December 10.
Meanwhile, a third stage of the ICO starts on December 20, during which 2.1 million tokens will be sold at a price of $1.50 per token.
Vone offers large bonuses throughout this token sale. You’ll get 1.50% extra coins when you buy 100 coins, for example, all the way up to 10% extra coins when you buy 10,000.
Vone claims there’s a total supply of 21 million tokens, with 6.2 million tokens pre-mined. 60% of the tokens are reserved for “marketing and development”, 10% are reserved for the team, and the remainder are split between the pre-sale and ICO.
Who’s Behind V-One?
V-One, like many online investment scams, refuses to tell us any information about the management team or people running the operation. The whitepaper is devoid of any information about the company, and the website has no specific names involved with the project.
Typically, when someone refuses to disclose their identity or location while asking for money as an “investment” online, it means you’re being scammed.
V-One Conclusion
Vone, or V-One, appears to be an investment scam. The company offers no product or service. They don’t claim to solve any problem. They don’t have any business model or team information listed. There’s no business here.
Instead, it’s just an investment scheme that appears to be structured like a Ponzi scheme. Vone claims to have a “lending system” in place, although it’s unclear who’s actually borrowing money through that platform, or why they would borrow money at such high interest rates.
One of the most obvious signs that Vone is a pump and dump scam is the “estimated token price”. The company is selling tokens for $0.10 during the ICO, but claims investors can expect tokens to be worth $70 when the platform launches.
The platform also advertises ROIs over 1% per day – something that’s impossible to guarantee in the world of legal investments.
Ultimately, we see no reason to believe that Vone is a legitimate investment opportunity. Vone appears to be a scam.

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