The second thing you should know before signing up is how difficult it is to actually get people to sign up under you. Unless you have a downline already in place, recruiting new people is difficult. And since this site seems to be based on gathering as many recruits as possible, once the recruiting stops, so do the funds. So before you go jumping into Bitcoin Auto Matrix, you might want to double check to see if it is worth it to you. After all, once you hand over the money, there are no returns.
A Matrix, or sometimes called a Forced Matrix, is simply a structure (genealogy tree) that has a limited width and limited depth. For example, a 3 by 5 matrix allows only 3 people to be located under you, and your matrix would only go 5 levels deep. If your matrix was full of people under you, you would have 3 on your first level, 9 on your second level, 27 on your third level, 81 on your fourth level and 243 on your fifth and final level. The total number of people besides yourself in a full 3 x 5 matrix would be 363. Firestorm® has other Matrix setup options in administrative configuration screens that your staff can also configure very quickly. For example, options are available for how the matrix builds, or how new enrollees fall into your matrix. The main attractiveness to a matrix is that those above you can enroll people who will fall into your matrix, thus helping you fill your matrix quicker – and more people in your matrix means more commissions.
Second, since some people will sponsor more than the maximum number of distributors, the concept of spillover comes into play. In a 3 x 8 matrix, you can only have 3 distributors on your frontline. The fourth distributor that you sponsor will spill over into the matrix, and be placed under one of your frontline distributors. Spillover is important in narrow width plans, such as a 3 x 8 matrix, but much less important in a wide width plan, such as a 5 x 5 matrix.
Maximizing a forced matrix compensation plan comes down to the details. In theory, the plan looks perfect. In reality, things can get out of whack if the plan is poorly designed. Look for a plan that is fully compressed so it eliminates the holes when reps drop out. Avoid narrow width plans (such as 3 wide) because they tend to feature too much spillover from the upline, which gives the heavy hitters an advantage over most other reps (same issue as in a binary compensation plan, discussed next.) Lastly, look for a plan that requires a certain level of personal building (either volume or sponsoring) from your own efforts (excluding spillover) in order to avoid attracting the “welfare minded” distributors who rely on spillover.
Withdrawal methods are typically the ways in which member can request withdrawals of their commissions from the MLM Financial Dashboard in the Member’s Area. In the withdrawals section you can setup the withdrawal method, any fee that is applicable for using that withdrawal method and if there is a minimum amount that the member must withdraw if using this withdrawal method. eg. Bank Transfers may have a minimum amount and a fee applicable. Multiple withdrawal methods can be setup and they would all show up on the MLM Financial Dashboard of the member when initiating a withdrawal.
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BTC2x1 is setup as a personally forced matrix. Two referrals is all that is needed to cycle the first level of our system. Once you cycle, your referrals will need to bring in two referrals to cycle under you in the next level. Earn bitcoin with every personal referral you bring into our program. Earn 0.00045 BTC for every new referral. BTC2x1 gives you unmatched bitcion earning potential.
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This plan allows you to build a limited width organization. For example, a 2 X 12 group means two people on your first level, and paying 12 levels deep. Other examples would be a 4 X 5, 3 X 9, etc. This is generally pretty simple and easy to understand and explain. The low volume requirements usually common to matrix plans helps make it a good plan for part-time distributors.
This is the most common of all the compensation plans. It is where most of the really big money is made in MLM. This big money, however, is made by a very small percentage of people. Breakaway plans are geared for full-time effort. Attrition is the highest with breakaway plans and it generally will cost more to build your business. This is a work program. It takes persistence, salesmanship, and requires the ability for you to train your recruits. Companies which use breakaway plans tend to pay higher commissions. However, the plan may be extremely difficult for most people to duplicate.
Use this section to create the various products that you would like to offer on your site. This will not add any e-commerce functionality on your site but would enable you to sell multiple products on your site without the need to install an ecommerce plugin. Each product will be mapped to an ePin. More details about the same is available under the ePins Tab(ePins tab would visible, if you have activated the “Activate Epin” option at Epin Settings at General tab page.
In case members can only register on your site via ePin, set the Sole Payment Option to Yes. This would make the ePin field mandatory on the user registration form and a visitor would need a valid unused ePin to complete his registration. If this value is set to No, a visitor will be able to register on the site even without specifying a valid ePin. In this case you would need to manually mark the member as Paid / Unpaid under Users -> All Users or assign a valid ePin to the user on that page. Alternately, the user can also input a valid ePin and upgrade his account to a paid account from his Member’s Area.
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