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IVAN EVANS
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IVAN EVANS   My Press Releases

What Is Bitcoin

Published on 1/27/2017
For additional information  Click Here

What is Bitcoin?

Bitcoin is a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. Transactions are made with no middle men – meaning, no banks! There are no transaction fees and no need to give your real name. More merchants are beginning to accept them: You can buy webhosting services, pizza or even manicures.

 

Why Bitcoins?

Bitcoins can be used to buy merchandise anonymously. In addition, international payments are easy and cheap because bitcoins are not tied to any country or subject to regulation. Small businesses may like them because there are no credit card fees. Some people just buy bitcoins as an investment, hoping that they’ll go up in value.

Owning Bitcoins!

Bitcoins are stored in a “digital wallet,” which exists either in the cloud or on a user’s computer. The wallet is a kind of virtual bank account that allows users to send or receive bitcoins, pay for goods or save their money. Unlike bank accounts, bitcoin wallets are not insured by the FDIC.

Fund My Cause Review…How to get paid!

To participate in the associated compensation plan, affiliates are required to gift funds to each other through a 2×6 matrix.

This type of matrix puts an affiliate at the top of a matrix that has two positions right underneath them.

These first 2 positions make up the first level of the matrix and the second level is made by adding another 2 positions under these first 2, for a total of 4 positions.

Levels 3 to 6 of the matrix are are made the same way, with each new level holding twice as many positions as the level above it.

When a 2×6 matrix  is full, it holds 126 positions.

All of the positions in the matrix are filled through direct and indirect sponsorship of new affiliates.

When a new Fund My Cause affiliate joins the company and gifts 0.05 BTC to the affiliate who sponsored them, they are then qualified to get 0.05 BTC from 2 affiliates that are sponsored into the first level of their own matrix.

There are a total of 6 levels in Fund My Cause and they work like this:

  • Level 1 – Gift 0.05 BTC to the affiliate who sponsored you and receive 0.05 BTC from 2 new affiliates
  • Level 2 – Gift another 0.05 BTC and receive 0.05 from 4 affiliates
  • Level 3 – Gift another 0.1 BTC and receive 0.8 BTC from 8 affiliates
  • Level 4 – Gift another 0.2 BTC and receive 0.2 BTC from 16 affiliates
  • Level 5 – Gift another 0.5 BTC and receive 0.5 BTC from 32 affiliates
  • Level 6 – Gift another 1 BTC and receive 1 BTC from 64 affiliates

 

Join One Of The Fasted Growing Opportunities to Hit The Industry!

 

 

 

 

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