The cryptocurrency OneCoin has not been officially launched and is to be presented yet here on the bitcointalk. Three things however that can be shared already today:

1. Yes, first it will be available only to a group of members in the first stage
2. It is not closed source - so maybe all the critics just wait for the proper introduction? It has a proper blockchain, algorithm etc.
3. The legal opinion presented is on the legality of cryptocurrency and OneCoin in different states

I suggest we wait for critic and comments once facts are communicated



PS: OneCoin is not connected to the old OneCoin