BitBillions is the Real ThingWhen GBBG Bitbillions began there was a lot of questions that sprung up. Mainly due to the secretive nature it portrayed. There were skeptics saying it would disappear within a month. Others were saying there would never be anything more than the site itself, no development would be made. This did not help with promotion and growth was slow.
The original goal was to have 50,000 founder members in the first few months, that didn’t happen. Persistance and some special offers later ensued before Founder positions were closed off to further purchase. So with 3285 Founder members you can no longer get one…unless you buy a position from someone that has one already. This is something that will be possible in future as BitBillions plans to make a marketpace for members to be able to sell their positions if they so choose.
While all this was happening there was talk about upcoming revenue producing projects. Roll the clock forward a couple of months to where we are now. Bitbillions has now released the Dream Car Project. This is a site where participants can win a car. There is several levels members can be involved at ranging from free to $9 a month. The various levels allow members a greater chance to earn entries. The significance of now having a revenue producing project should not be underestimated. Although at this stage there is not a huge following, it is a start and gives credibility to the whole concept.
Now with things starting to move, those that got involved early need to get motivated to promote. The site has proven it is for real but now needs the growth to fulfill its potential. GBBG Bitbillions has now released co-founder positions for $30 each. These positions will entitle their owners to share in revenue for the 2nd pool of 10% of company revenue in addition to the main revenue share. The first 10% is for Founders only who also share in all other pools.
The matrix is going to be released once the co-founder positions are filled. Right now at time of writing there is 6455 co-founder positions to fill. This is a key figure, once it is fulfilled there will not be any more made available…ever.
Why would you bother getting a co-founder position? Is it a risk? Will it be worthwhile? These are questions people are asking and here are the answers as I see them.
The co-founder positions will give you exclusive revenue share additional to what free GBBG members will get. Over time this could end up becoming substantial. Because you will not be able to get more positions in the future you only have this one opportunity to get them. This will mean that with success the positions will become quite valuable.
Co-Founder positions will be placed before free positions into the matrix. This means more revenue from the matrix commissions.What is the downside? Well it costs $30…It is a one time cost so really that is not much of a downside for something that may be worth a whole lot more in the future.
Is it worth it…simple answer YES.
Get your co-founder position while you can
You'll need referrer to join BitBillions project, click here http://mybitbillions.webs.com/.http://www.bitbillions.com/?refid=1818Yp6gth8JxQrUWSoSc6ZHuG1ivrk3o2BitBillions – How to Earn with itHere is how it all works:
CommissionsCommissions 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 I Want 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. They are the 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.
100% TransparencyThe amounts available for distribution are on the transparency page of each site. The Bitbillions transparency page lists all the revenue share 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.
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.
Upgrade Comp PoolThe 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 shareThe 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 shareThe 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 PoolThe 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 PoolThe 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.
Note:
The matrix will not be built until all the co-founder positions are taken! Got yours? Because 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.
Is it worth it…simple answer YES.
Get your co-founder position while you can
You'll need referrer to join BitBillions project, click here http://mybitbillions.webs.com/.http://www.bitbillions.com/?refid=1818Yp6gth8JxQrUWSoSc6ZHuG1ivrk3o2.
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