BitBillions has set up a
vehicle to make money in an ever expanding digital world.You
can get on board for free or donate a few dollars and get serious about
your future.
Here
is how it all works: Commissions will be distributed on 15th of each
month with the first starting in November 2013...next in january 2014
Commissions
Commissions will be distributed
on 15th of each month with the first starting in November 2013. This
will include all commissions from all programs owned by GBBG. Currently
that is BitBillions, BitFeud, My Bitcoin Rewards and IWant A Car websites.
Because the matrix will not be implemented until all of the co-founder
positions are taken, the matrix pool commissions will accumulate until
then. The commissions for the parent site GBBG Bitbillions are split up
into 6 pools. The 6 pools are
** Upgrade Comp Pool,
** Founders Pool,
** Co-Founders
Pool,
** Members Pool,
** Matrix Pool and
** Direct Ref Pool.
A description of
each follows further down in the post.
Transparency Page
The amounts available for distribution are on the transparency page of
each site. The Bitbillions transparency page lists all the revenueshare
amounts. The individual earning centers like BitFeud, My Bitcoin Rewards
and the I Want a Car websites have the amounts applicable to their
programs. It also includes the accounting method which is a breakdown of
how all the money is distributed.
Explanation of the pools
Upgrade Comp Pool
The upgrade Comp
Pool is basically a referral commission pool. If you have anyone that
joins or upgrades to a co-founder position you will earn $12 worth of
bitcoin for each one. You could also upgrade a position under you and
get the commission effectively giving you a big discount on your
position. The commission that you have earned is shown on the Earnings –
Referral Upgrades Tab in your member area.
Founders Pool – 10% revenue share
Founder members
will earn their share in proportion with the number of points they have
generated from the projects. That means that if a Founder or any other
member does not participate and earn any points then they WILL NOT earn anything from the Founder Pool, the Co-Founder pool or the Members pool. That is why it is important to participate.
Example: If there is 100,000
points and there is $1000 to distribute each point would be worth $0.01.
Likewise if there was $1 million to distribute each point would be
worth $10. So the more points you generate the bigger your part of the
share you will receive.
Co-Founders Pool – 10% revenue share
The co-founders pool works in the same way as the founders pool. Founders and co-founders both share in this pool.
Members Pool – 30% revenue share
The members pool
works in the same way as the Founders and co-founders pool except all
members that have generated points share in proportion to the points
they have generated.
Matrix Pool
The matrix pool,
when implemented, will pay members the equivalent of 7% of each of the
members in their matrix earnings. That means if someone in your matix
earns $100, you would earn $7. This commission is not dependant on
you earning points, so members that have built up a downline could earn
without participating in the programs, making it truely passive.
Example: A full matrix is 3,279
members so this could be hugely profitable. For example with a full
matrix if each member on average earned $10 then you would get 7% of
$32,790 which is $2295 a month.
Direct Referral Pool
The direct
referral pool enables you to earn even if the member sponsored is
outside your matrix. You will earn an additional 7% of what that member
earned, similar to the Matrix Pool. Example: You have 10 referrals that earned on average $10 each (total $100). You would earn $7 in Direct Referral Pool.
Commission Pools
All
commissions are paid in bitcoin so it is important that you have your
bitcoin wallet details filled in your account area. If you don’t you
will not be able to receive your commissions.
Note:
The matrix will not be built
until all the co-founder positions are taken. Bcause of that the bitcoin
accumulated for distribution will continue to accumulate until such
time as the matrix is set. It is the only commission that will be
delayed.
Another important thing to
remember is to join the earning centers, even if just as a free member
so you can earn points. The more points you get, the more revenue share
you will get.