Now we will explain the Binary Compensation Plan. Binary means, two, so you have two teams. One left hand side team and one right hand side team. So when you enrol two people you place one of them on the left to form your left team and the other person on the right to form your right team. Anytime you have each of your left and right team making fifteen units each, you will then receive a Cycle Bonus of two hundred dollars’ worth of Bitcoin. Remember each Mining Pool Contract earns its own number of units, namely 3 units for the $500 pool, 6 units for the $1000 pool, 12 units for the $2000 pool and twenty one units for the Founder $3000 mining pool. So when any of your enrolees at any level purchase any of the mining pool contracts they earn the respective number of units for doing so. For every two hundred dollars’ worth of Bitcoin that has been paid out to you as a result of the Cycle Bonus, up to a maximum of eighty dollars of Bitcoin, depending on your rank, will be paid in Bitcoins by BitClub to your up line. So BitClub will pay out a maximum and total of two hundred and eighty dollars’ worth of Bitcoin to you and your up line per one Cycle Bonus payment. One cycle means your first two people in your Binary Compensation Plan.
So let us now discuss and explain the Residual side of the compensation plan or the back side of the compensation plan. The Residual side uses the same strategy as the Front End Code. The only difference is that the percentages have changed. With the Residual side you can earn residual bonuses on repurchases of Mining Contracts known as a ‘Level Up’ Coded Bonus as well. When you have enrolled two people into your Team One you get a bonus of ten percent. Team Two enrolment of three people you get a bonus of twelve percent. Team Three enrolment of three people you get a bonus of fifteen percent. Team Four enrolment of one person and onwards (i.e. for your ninth person and on to infinity) you get a bonus of eighteen percent. So what happens here is that if you enrol, say Louise. Louise is mining pools one, two and three (meaning he has purchased a share into pool one for $500, pool two for $1000 and pool three for $2000) and every day, in those three pools that Louise is mining, you will earn fifty percent, in Bitcoins, of your fraction of a Bitcoin earned in Louis's pool one, in order for you to purchases another mining contract in your own pool with that fifty percent.
You will earn sixty percent, in Bitcoins, of your fraction of a Bitcoin earned in Louis's pool two, in order for you to purchases another mining contract in your own pool with that sixty percent. You will earn seventy percent, in Bitcoins, of your fraction of a Bitcoin earned in Louis's pool three, in order for you to purchases another mining contract in your own pool with that seventy percent. So what happens is, you earn little bits or fractions of Bitcoins every day because of the repurchases of mining contracts in the system. So you will start to earn fractions of pool one's ten percent in Bitcoins, fractions of pool two's twelve percent in Bitcoins, fractions of pool three's fifteen percent in Bitcoins and fractions of pool four's eighteen percent in Bitcoins, every day as a result of Louise's mining. This applies to everybody or person you enrol in your BitClub Residual Network. So let us summarise right from the start all the different commissions and or bonuses that your will receive as a result of say purchasing only one mining contract, namely the one that costs you five hundred United States dollars. So you buy your five hundred mining contract. Fifty percent of those five hundred dollars (i.e. two hundred and fifty dollars’ worth of Bitcoin) goes into your daily commissions for the purpose of mining more Bitcoin for you, which the Bitcoin Network Company will do for you.
If you want to use Bitcoin and the BitClub Network as an investment please contact Clyde Thorburn on his website.
Read more about Bitcoin and The BitClub Network.
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