What is the catch. We are really, seriously going to give you FREE BITCOINS. Can you click a mouse? Can you watch videos or play games? Can you try out new technology and software and let us know what works or doesn’t work?
Commissions will be distributed on 15th of each month with the first starting in November 2013.
Update for May 2014: payments made on 5th of every month. Not one missed payment to date, and payouts have increased every month since inception.
Commissions
Commissions 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.
Transparency Page
The 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 Pool
The 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 share
The 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 share
The 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 Pool
The 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 Pool
The 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. 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.
BITCOIN PAYOUTS - 15th of every month
Be sure to double check your “Account Details” page to see that we have your current Bitcoin Wallet address on file. All earnings are paid in Bitcoins and will be sent to the address on file. It is YOUR responsibility to ensure this information is correct.
BitBillions, they have set up a vehicle to make money in an ever expanding digital world.You can get on board for free or donate a few dollars and get serious about your future.
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