Yes, indeed, such systems existed both 5 years ago and before the advent of the Internet, and they WORK.
However, it had several major problems:
1) Different payment systems constantly blocked the wallets of the participants.
2) Manual confirmation of transfers with all the ensuing consequences in the form of the human factor and constant proceedings, who transferred funds to whom and who did not.
3) There were restrictions. A person once created a structure and once received money, albeit relatively large. And then all the turns went deep into the structure, and the participant did not get any more.
4) Closing or hacking a site meant a system crash, and hacking sites sometimes happened.
Cryptocurrency and Ethereum solves ALL these problems:
1) Wallet can not be blocked even in theory. The reverse side of the coin: in no case do not lose control over your wallet. It will be impossible to replace your wallet with others.
2) Public transactions and instant automatic confirmations. The human factor is excluded completely.
3) We made the function "UNLIMITED LEVEL", which the participants themselves had previously requested in other systems. The structure is unlimited and so is income.
If people in your structure do not prolong their participation every year - your income increases many times over. More on the page How it works in the section "REPEAT".
4) Closing or hacking the site will in no way affect the operation of the system, since the SMARTBITPOINT smart contract is loaded into the main Ethereum network, and cannot be deleted by anyone including its developers.
This means that for the first time in the history of mankind (no matter how loud it sounds), there are real 100% guarantees that the account will not be hacked, and even theoretically when the site is closed, the Smart Contract and the System itself will continue to exist in any case.
Moreover, any programmer in the world will be able to make a NEW site based on the same smart contract, and any leader of the structure can make a site structure in the same smart contract. Therefore, the system is protected from any actions of the project administration.
The quick start guide is on the Main page at the section of "How it works".
Detailed instructions are on a separate page How it works.
This is one of the most important questions!
For the first time in the history of mankind, there is not 99%, but 100% guarantee that NO ONE CAN BLOCK YOUR wallet or your account, even the administration of the project (this is a feature of cryptocurrency).
Guaratees are written on the page How it works in the last point "Guarantees".
Registration via login (mail or phone) and password is an outdated concept. Since the loss of access to mail means a loss of access to the account.
Successful purchase of the 1st level - is the fact of Signing up.
Brief guide is present on the page SIGN UP.
Detailed guide How it works in the section of "Sign up".
It is impossible to sign up in the system without upline. If you do not specify any upline, the smart contract will not accept the transaction. That is one of the fundamental points on the idea level.
The "Data" field is NOT a commentary or additional feature of any wallet. This is an integral part of the Ethereum blockchain itself.
While automatic registration through a referral link or inviter’s QR-code all the data, including “ DATA “ field with the address of your upline, are specified automatically. You just have to click the "Sign up in 1 click" button.
You can access your account in the page SIGN IN
Logging into your account is completely without a password and the account can not be hacked or blocked.
More information about logging into your account on page How it works at the section "Sign in".
Although the basis of the system is to build a structure from referrals, and referrals are the source of your profit, an interesting fact is that referrals are NOT REQUIRED.
In addition to the invitation,you can get referrals in two more ways: "Overflows" and "Free referrals". For each of these methods, read below in the following paragraphs.
The System has three structures simultaneously. BINAR, TIRNAR, and LINAR.
When you invite referrals, they get into all three structures at once.
In the BINAR under you (on the 1st line) there can only be 2 referrals (2 free places).
In the TIRNAR below you (on the 1st line) there can only be 3 referrals (3 free places).
In the LINAR under you (on the 1st line) there can be an unlimited number of referrals (an unlimited number of free places).
All three structures have an unlimited number of lines.
Participants who occupy the 1st line are attached directly to You and are called "1st line referrals".
Your 1st line referrals also invite their own referrals. These participants in Your structure are "2nd line referrals".
Then, by analogy, you get referrals of the 3rd, 4th lines, and so on. This is how the structure is built.
If you continue to invite referrals after all the 1st line places in the BINAR and TIRNAR are filled, then the subsequent referrals are attached to the depth of Your structure and become Your referrals of the 2nd, 3rd, 4th lines and so on. This is called "overflow".
Learn more about "overflows" You can see in the next item "What is "overflow"?".
Overflow is the method of obtaining referrals from your uplines of all lines, at which, when filling all free slots with 3 referrals, the next goes to their referral by "overflow", that means to you.
Example in TRINAR: Your 1st line upline (your inviter to the system) invited three referrals, and continued to invite further, or did not immediately stop advertising. The fourth referral "overflow" to you, means attached to you.
If you have already filled all three slots with referrals, then they also "overflow " go even lower and attach to your referrals, becoming your second line referrals.
Note. Overflow not only extends all your lines completely, but also descends further to the next line, filling the cells in addition to Your structure of referrals on all lines.
After the 5th line, the gas size becomes larger than the payment amount. And even further, the overflow is limited by the Ethereum cryptocurrency itself, since the maximum possible limit for Ethereum gas is 8000000. Therefore, overflows with the help of a smart contract are indefinitely impossible by definition.
Overflow works in BINAR and TRINAR to the point where the Ethereum gas limit is the maximum possible value of 8000000.
Free referrals are members of the system who have come for some reason WITHOUT a referral link.
Free referrals are distributed evenly throughout the system, and starting with those uplines, who earlier registered in the system.
You can, but they will become free referrals and get to other members of the system, not you. Since the system does't "know" you before you bought the 1st level.
Level - this is a status that gives you the right to receive income from referrals in its structure from the corresponding "depth".
Example:
BINAR:
Level 1 gives You the right to receive income from buy level 1 with 2 referrals (Your 1st line referrals).
Level 2 gives You the right to receive income from buy level 2 with 4 referrals (Your 2nd line referrals).
Level 3 gives You the right to receive income from buy level 3 with 8 referrals (Your 3rd line referrals).
Level 4 gives You the right to receive income from buy level 4 with 16 referrals (Your 4th line referrals).
Level 5 gives You the right to receive income from buy level 5 with 32 referrals (Your 5th line referrals).
And so on indefinitely by analogy.
TRINAR:
Level 1 gives You the right to receive income from buy level 1 with 3 referrals (Your 1st line referrals).
Level 2 gives You the right to receive income from buy level 2 with 9 referrals (Your 2nd line referrals).
Level 3 gives You the right to receive income from buy level 3 with 27 referrals (Your 3rd line referrals).
Level 4 gives You the right to receive income from buy level 4 with 81 referrals (Your 4th line referrals).
Level 5 gives You the right to receive income from buy level 5 with 243 referrals (Your 5th line referrals).
And so on indefinitely by analogy.
LINAR:
Level 1 gives You the right to receive income from buy level 1 with an unlimited number of referrals (Your 1st line referrals).
Level 1 gives You the right to receive income from buy level 2 with an unlimited number of referrals (Your 1st line referrals).
Level 1 gives You the right to receive income from buy level 3 with an unlimited number of referrals (Your 1st line referrals).
Level 1 gives You the right to receive income from buy level 4 with an unlimited number of referrals (Your 1st line referrals).
Level 1 gives You the right to receive income from buy level 5 with an unlimited number of referrals (Your 1st line referrals).
And so on indefinitely by analogy.
Levels are purchased only sequentially and in order. If you try to buy the 3rd level without having the 2nd, the smart contract will not accept the transfer. In this case, the money will not go anywhere and will remain with You.
The next will happen:
Bad news:
The money will go not to you, but to your upline of the same line, in this case the 2rd.
If you buy levels on time, this will NOT happen. Moreover, all subsequent levels (except the first) are already bought from earned money, not from their own.
Moreover. You will see in advance when the situation becomes "dangerous", and you will have enough time to buy each level.
If it happened once, it is NOT scary, since the profit at each level (except the first) is many times greater than the cost of the level, and even in this case after buying the level late, the funds for ALL subsequent purchases of the same level by the rest referrals go to you.
Good news:
If someone from your referrals does not buy the level in time, the money for it goes to you.
If even one of Your referrals, for example, 2 line on BINAR, for some reason did not buy the 2nd level (for example, lost access to the wallet), THEN all of HIS (not Your) referrals 2 line transfer money to YOU for level 2! All your other referrals 2 line transfer money to You, too for level 2.
An example is given only for one referral. And if there are two or several? Your income increases many times.
Result: The more inactive referrals you have in your structure, THOSE MORE, at times, YOUR INCOME WILL BE
The "UNLIMITED LEVEL" function is an option that allows you to make the profit you have received for all the time unlimited.
In addition, each of your referrals who dropped out of the system, multiplies your reward.
The principle of operation is described in detail on the page How it works in the "UNLIMITED LEVEL" section.
Your account remains in the System forever, and You can activate levels and increase your income at any time.
Yes, since no one forces you to transfer money to anyone. All transactions are voluntary.
There is nothing to be "burst", as there are no deposits on the % in the System, and all transfers are made irrevocably between the participants.
The smart contract does not store funds, but only redirects between the addresses of participants. There are no payments in the System, which means there can be no delays. Funds immediately go directly to the wallets of the participants.
See by yourself: balance of the smart contract is always 0 ETH.
Everywhere on the site we write that there is NO RISK in the system. We mean by this that all money is transferred immediately to your wallet and stored on it. This means that there is NO RISK.
However, it is worth considering that in the time interval between your registration and the registration of your first referral, a situation is created in which you have transferred to your upline 0.03 ETH, but have not yet received them back from your first referral.
Therefore, technically the maximum theoretical risk is 0.03 ETH. These 0.03 ETH will be returned to you immediately fully from the first referral.
Even if you specifically DIDN'T INVITE ANY SINGLE REFERRAL, sooner or later you will still receive referrals in the following ways without your participation:
1) by overflow from your uplines
2) free referral from the System
Therefore, even this symbolic risk tends to 0.
