The Compumatrix Portal Prof. Henry James Banayat discusses the various internal processes and answers questions pertaining to the Compumatrix Portal Web App
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DISCLAIMER The information contained in these documents is confidential, privileged and only for the information of the intended recipient and may not be used, published or redistributed without the prior written consent of Compumatrix and Networks International, Inc. (Compumatrix). The opinions expressed are in good faith and while every care has been taken in preparing these documents, Compumatrix makes no representations and gives no warranties of whatever nature in respect of these documents, including but not limited to the accuracy or completeness of any information, facts and/or opinions contained therein. Compumatrix, its subsidiaries, the directors, employees and agents cannot be held liable for the use of and reliance of the opinions, estimates, forecasts and findings in these documents.
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New Features
Register/Login using Social Media Accounts in Facebook and Google
Ability to Cash Out Bitcoins
Conversion of Balances to Euros
Ad Blocker Detection
Use of the Bitcoin Payments System
Ability to Trade Account Balance to Bitcoins
Peer-to-peer Exchange between Members
Bitcoin Missions—Conduct activities that gives Bitcoin rewards
Enable Auto-payment or On-demand Payments to Debit Card Provider (DCP)
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General Membership
Compuceeds Pool
Bitcoin Pool
Sell
Buy
Exchangers
COPL Compumatrix Funds
Reserves DCP
The new portal allows our members to exchange their current Compuceeds to Bitcoin. Each member may exchange their bitcoins with other members (peer to peer, anonymously) or deal with notable exchangers in there area such as Coinbase, Bitstamp, Coins.ph, etc. They may also opt to load their mobile wallet or debit cards through our partnership with DCP or choose available cash out options from COPL. DCP & COPL services are dependent on our ability to provide them access to cash reserves.
Our Finance Department will also be monitoring and conducting Bitcoin trades with notable exchangers by continuously buying low and selling high.
Members will still be in-charge of the production, distribution, sales and marketing of their main product: the Virtual Prepaid Cards.
All VPCs are paid in Bitcoins at current rates prescribed by Blockchain.info
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Flowcharts Internal Procedures and Flow This Section shows the internal processes involved in the Portal
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Registration/Sign-up
Start
Registration
Fill-up Registration Form
Process Registration Agreed to Terms?
Yes
Send Email Verification
No Cancel Registration
END
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Logging Into the System
Start
Social Login?
Yes
Authenticate User via Social Site (Facebook or Google)
No
Input Email and Password
Is User Registered?
No
Registration
Yes
Options
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Social Login with Facebook or Google
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Menu Options
Options
Select Operation
Dashboard
Transaction
Billing
Report
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Dashboard Options
Dashboard
Select Operation
Transfer
Redeem
BTC Address
Buy BTC
Sell BTC
Cash Out
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Transfer The Transfer Button allows members to move their earnings to their account balance. This makes it possible for them to compound their earnings.
Transfer
Enter Amount
Select Option
Close
Dashboard
Confirm
Amount>0?
No
Display Error Message
Yes Process Transfer
Dashboard
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Redeem This button allows member to redeem a card which may be added to their card balance or activate the card for value-added services
Redeem
Enter Card Code
Select Option
Close
Dashboard
Confirm
Is Card Valid?
No
Display Error Message
Yes Process Redemption
Dashboard
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BTC Address This button displays or generates a unique Bitcoin eWallet Address for the Member
BTC Address
Check Database if Bitcoin Address had been generated
BTC Address Exists?
Users Table
No
Generate Bitcoin Address from Blockchain
Yes Show Bitcoin Address and QR Code
Close Dashboard
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Buy Bitcoin
Buy BTC
Input Amount of Bitcoins to Buy
Select Option
Close
Dashboard
Confirm
Amount>0 and Avbl Balance>=Exchange?
No
Display Error Message
Yes Process Purchase
Dashboard
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Sell Bitcoin
Sell BTC
Input Amount of Bitcoins to Sell
Select Option
Cancel
Dashboard
Confirm
Amount>0 and Btc Balance>=Exchange?
No
Display Error Message
Yes Process Sale
Dashboard
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Cash Out
Cashout
Input External Wallet Address and External BTC Address
Select Option
Close
Dashboard
Confirm
Amount>0 and Btc Balance>=Exchange?
No
Display Error Message
Yes Process Cashout
Dashboard
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Transaction Menu
Transaction
Select Tab
Display Transaction History
Display Inventory
Display Card List
Cashout History
Options
Options
Options
Options
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Billing Menu
Billing
Display Billing History
Options
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Report Menu
Report
Select Month and Year
Display Report Based on Month and Year
Options
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Transfers to your Bitcoin Address from External Wallets
Start
Received Bitcoins?
No
End
Yes
Post Transaction Add to Bitcoin Balance
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Auto-payments via Debit Card Provider (DCP)
Your Earnings are sent directly to DCP and/or COPL during Weekdays only. Minimum of 25 euros and Max of 175 euros. The maximum amount is adjusted based on the contributions you provide such as inward cash transactions, online direct sales and offline sales.
This is not yet final, and thus your input is appreciated.
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Q&A Questions from Staff Answers to questions brought out by our Staff
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Q - Yes, that I do understand, It’s the 1 Satoshi = 1 Compuceed I still don’t get it. Can you explain that please? A. When bitcoin started, you can buy 5000 bitcoins for $5. Same way, you must activate 5000 Compuceeds with 5000 Satoshis or 0.00005 BTC This is done to record your ownership transaction on the blockchain. In short, this step is only done to programmatically record your proof of ownership on the blockchain regardless of the current exchange. Although it is possible for us to require earning bits rather than satoshi, we chose satoshi to speed up the transition.
Q. Why earn Satoshi if all Compuceeds will go to portal balance and from there we can purchase Bitcoin?
A. It is required to activate your account. Your balance will remain pending until every present member have accumulated the required number of satoshis. We cannot deal with Bitcoin until ALL balances which means all available Compuceeds in circulation are represented on the Blockchain. If we let you buy bitcoins with your Compuceeds, then that would require the company to be an exchanger. Meaning, more regulations to follow, and more time to wait.
Q - I understand that 1 Satoshi = 1 Compuceed = 1 Euro but where does the Bitcoin come into it please. This I can't get my head around. Bitcoin is the path to convert Compuceed to Euro or any fiat currency. They are the only virtual currency right now with exchange service providers available globally.
Q - Do we have to have 100,000,000 Compuceeds to get one Bitcoin A. After activating your account, yes. Bitcoin will be treated as it is.
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Q - if 1 Bitcoin = say 500 Euro (500 Compuceeds) and the market for Bitcoin is set to soar in 2016. Wouldn't that mean that it will cost us more to buy a Bitcoin. I am not sure on Henry's reasoning that we will benefit from the increase in the Bitcoin price or have I missed something as I am confused: It is set to soar, but don’t forget that it will remain volatile and it will fluctuate which makes it an excellent way to earn by playing into its large price swings.
Q – Will I need to open a bitcoin account? A – Yes. For safekeeping your Bitcoins and to participate with exchange service providers. Your Compumatrix Account already provides you a Bitcoin eWallet but you might be required to open another one from third-party bitcoin programs.
Somehow I got the impression it's all concentrated to the Portal now? Yes. We are placing all activities on the portal.
Q – what happens to our Satoshi we earn that’s over and above the amount of Compuceeds we have?
The moment you have met the required satoshis to represent your stake on the blockchain, all transactions will be considered as an additional normal Bitcoin transaction which increases your Bitcoin Balance.
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NOTES
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Buy/Sell BTC Guidelines on Buying or Selling BTC This section provides you information on how you can earn through the volatility of Bitcoin
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There’s a very simple rule when buying or selling bitcoin:
BTC/EUR
BUY
400.00
SELL
Account Balance
405.00
5,000.00 EUR
Bitcoin Balance
0.00000000 BTC
Always remember that the Buy Rate is always lower than the Sell Rate. When you buy Bitcoins, we use the sell rate. Alternatively, we use the buy rate when you sell or convert your bitcoins towards your available balance. In short, you are already at a loss when you start the trade. In order to win, you must wait for the Buy rate to be greater than the original sell rate. Example: You buy 10 Bitcoins at a rate of 405.00 EUR each. This will give you.
BTC/EUR
BUY
400.00
Account Balance Bitcoin Balance
SELL
405.00
950.00 EUR 10.00000000 BTC
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In order to win a trade, you have to monitor Buy Rate. Assuming the Buy Rate becomes 406, then you can do a sell transaction. Which gives you 1 EUR for every Bitcoin you originally purchased and thus giving you a total profit of 10 EUR. In short, in order to profit you have to wait for the market to provide you the right price.
BTC/EUR
BUY
406.00
Account Balance Bitcoin Balance
SELL
411.00
5,010.00 EUR 0.00000000 BTC
In contrast, when you SUBSCRIBE to a DIAMOND CARD, it will cost you 300 EUR. And you earn 100 euros when your card is sold. IF AND ONLY IF, your card is sold. Thus we can say that you only earn when sell the card by attracting your TARGET MARKET to pay the exact price.
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Compumatrix International Level 10-1 One Global Place 25th Street corner 5th Avenue Bonifacio Global City, Taguig City 1634 Philippines
Phone: +63 2 224-2101 Fax: +63 2 224-2079 Email: henry@compumatrix.us
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