Forsage.io An Ethereum Smart Contract Explained Published by Bitdeal (www.bitdeal.net)
What is Forsage.io? Forsage.io is a smart contract based MLM scheme, aslo their official website defines it is “ Ethereum Blockchain Matrix Project”. The Company claims that their smart contract works on ethereum blockchain, and it is fully decentralized. Forsage started to appear online from the mid of march 2020. The domain was registered on february 9,2020. Of course forsage is not the first decentralized smart contract, but they claim to have an advanced smart contract which can automate the cryptocurrency MLM matrix project under ethereum blockchain protocols.
How Forsage.io Works? Forsage.io works based on Commision or gifting schemes under binary matrix, whereas two kinds of matrix cycles are used. X3 Matrix – 3X1 Matrix, which requires only threes positions to be filled X4 Matrix – 2×2 Matrix, It starts with two positions at first level and will expand to 4 positions at 2nd level. And it continues as a binary 2×2 Pyramid scheme at each level. To join the matrix scheme, you should pay 0.5 ETH as registration. Once you join you can ask your friends and family to join the MLM by giving them the invitation link. If anyone joins the link, they will immediately join under a position beneath you on X3 Or X4 Matrix which you prefer.
How Forsage.io Works? When your friends decide to join under you, then you will get 0.025 ETH as commission from each person sign up and the remaining 0.475 ETH from 0.5ETH will be funded to the admin who is the anonymous top of the scheme. The Pyramid scheme will be collapsed when no new position can be opened. At last the business model of the entire Cryptocurrency MLM Smart contract scheme is, The more you refer people, the more you earn. That’s the profit formula for every MLM. But the real hero, who becomes the millionaire with no hard work is “ The Admin” Of the website.
Forsage Profit Claims As of May 5, 2020, the company claims they have profited around 13267 ETH on May First week, and the overall profit is 48898ETH with 22105 New comers, and 71518 total participants. Also forsage claims they earn a profit of Nearly $1.2 Million each week.
Features Of Forsage.io 1. Scam Free and Risk Less 2. Less Expensive 3. Instant Peer to Peer Payment 4. Transparency and Privacy 5. Lucrative 6. Immutability
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